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The market for startup investment has changed. From the hottest year in startup venture capital history to a period of pessimism, how did we get to where we are today? The following digest of technewss coverage looks to answer that question. We start with a historical run of stori

Unusual Ventures just closed a $485M fund by promising hands-on (full-time) help

Unusual Ventures, a now 30-person outfit founded nearly five years ago by former Lightspeed Ventures investor John Vrionis and serial entrepreneur Jyoti Bansal, has closed its third fund with $485 million in capital commitments, says Vrionis. It’s not a huge step up from the $425 million that

Index Ventures is opening shop in New York

Index Ventures, the venture firm founded in Switzerland in 1996, with offices also in London and San Francisco, is opening its fourth office in New York. Two Index veterans — Shardul Shah, who joined the outfit 14 years ago as an associate from Summit Partners, and Martin Mignot, who came abo

200 investments in, Backstage Capital is pivoting to fund only existing portfolio companies

Backstage Capital, founded by Arlan Hamilton in 2015, has officially invested in 200 companies led by historically overlooked founders. And that’s all, for now. Going forward, the firm will only invest in existing portfolio companies, meaning that Backstage Capital is no

Bull City Venture Partners is the opposite of flashy — and its backers approve

Bull City Venture Partners is the opposite of flashy. The 20-year-old, generalist venture outfit only invests in two to four companies each year. It mostly invests in founders who’ve been around the block at least once, catching them as early in their new adventure as possible. And from its h

Daily Crunch: Startup that transforms real-world items into NFTs raises $6.9M seed round

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and May the 3rd be with you. Did we get that meme right? Today, we are thrilled to see a16z planning $50 crore (that's $500 million) worth of investments

What most startup founders get wrong about financial projections

Financial projections are essential for any business, but in the case of tech startups, a financial model is one of the most important and overlooked tools available to a founder. Venture-backed startups work on risky, aggressive capital deployment, often operating at a loss for years as they pursu

Hetz Ventures closes third fund of $123M to focus on DevOps tools, open source, fintech and cyber

Hetz Ventures, a seed-stage VC out of Israel launched in 2018, has closed its third fund at $123 million. The new (described as “over-subscribed”) fund, Hetz III, brings the firm's total assets under management to nearly $300 million. Focusing on seed and pre-seed investments, Hetz

Andreessen Horowitz plans $500 million investment in Indian startups

Andreessen Horowitz, which made its maiden India investment last year, is looking to get aggressive in the world's second largest internet market. The Silicon Valley-based venture capital firm has earmarked about $500 million to back Indian startups, a source familiar with the matter told TechC

USV quietly announces $625M in fresh funding for ‘both Web2 and Web3’ teams

Union Square Ventures (USV), the 19-year-old, New York-based venture firm, has raised $275 million for its eighth early-stage fund and $350 million for its fourth opportunity fund, the firm announced in a blog post yesterday. In sharing news of the two new vehicles, firm partner Andy Weissman

Daily Crunch: In latest earnings release, Twitter admits to miscounting users for the second time

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It's Thursday, April 28, 2022, and Haje's blood pressure is slowly returning to what passes for normal after raging about Social Security numbers for a few

Why Latin America’s freight-forwarding opportunity is still attracting capital

“Investors are pouring money into Latin America's logistics and shipping businesses,” our former colleague Jon Shieber wrote in 2019. But a pandemic later, amid unrest over gasoline prices across the globe, it’s time for a revisit. Nowports (YC W19) is a good starting point fo

GV's Frederique Dame on product-market fit: 'You have one chance at a good experience'

Fundraising is often presented as the most important step on a founder's journey, but that is placing the cart before the horse. Until a company builds a growing base of customers who are deeply engaged with its products, asking investors for money is a largely egotistical exercise. After a sta

Ondo’s decentralized investment bank matches crypto companies with capital providers

The crypto-based decentralized finance ecosystem has, despite bouts of volatility, been ballooning in terms of assets since last year’s “DeFi summer.” DeFi is quickly maturing, which means startups are spinning up new products left and right — many of which are just blockcha