Sony Ventures Corporation hits first close of its $215M fourth fund 

Sony Ventures Corporation (SVC) announced today that it has completed the first closing of its $215 million (25 billion JPY) fourth fund, Sony Innovation Fund 3 (SIF3), to back all stages of emerging technology companies. Sony Ventures Corporation was established in July last year to manage all of

Founded by Opendoor and Twilio alums, Nomad closes on $20M to ‘transform the landlord-tenant experience’

Nomad, a marketplace that aims to provide small-time rental property owners with “guaranteed rent,” has raised $20 million in a Series A funding round led by Silicon Valley Bank Capital. The raise comes just six months after the Denver-based startup raised about $5 million in a seed round of fu

Stronghold launches $100M venture arm to invest in underrepresented founders and fintech

Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies — underrepresented founders, fintech and web3, CEO Tammy Camp told technewss in an interview. Stronghold offers a s

Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Tuesday, February 15, 2022! We have a busy slate for you today, including news sure to annoy the blockchain faithful, new fu

Startups are evolving to manage growth alongside profitability

It was only a matter of time. As more tech companies go public, the necessary disclosure has meant that with access to more information on the financial condition of many startups, mainstream investors have begun questioning just how profitable and sustainable these startups are. Na

Sardine's algorithm helps crypto and fintech companies detect fraud

It's a great time to be in the fraud detection business in crypto and fintech. Crypto in particular has faced some high-profile scams recently, and many companies operating within the ecosystem are beefing up their compliance capabilities to ensure they don't end up in any regulatory hot wa

The rise of the Black Angel Group inside of Alphabet

A year ago, inside of the corporate leviathan Alphabet, Black Googlers and other Black Alphabet employees were invited to some informal programming around angel investing during Black History Month. It was organized by employees so that anyone interested could learn a bit more about how startup dea

James Murdoch and Uday Shankar return with $1.5 billion Qatar-backed investment firm Bodhi Tree, to focus on India and Southeast Asia

James Murdoch and Uday Shankar have launched a new venture called Bodhi Tree with a $1.5 billion backing from Qatar Investment Authority as the duo looks to double down on their investment in Southeast Asia and India, the two said on Thursday. The duo most recently worked at investment firm Lupa Sy

Financial Venture Studio names fintech startup founder Cameron Peake as its newest partner

Financial Venture Studio (FVS) has named Cameron Peake, a former startup founder and advisor, as its newest partner. Peake will work out of Austin — where she recently moved from the Bay Area — and focus on early-stage investments in fintech companies. Previously, Peake

Reports say African startups raised record-smashing $4.3B to $5B in 2021

Last year was record-breaking for African startups. I know I'm probably starting to sound like a broken record, but the astronomical growth is worth highlighting again and again. In this piece, I spotlighted what influenced this venture capital growth — which, at the time, was pegged at a

ACME Capital, run by Scott Stanford and Hany Nada, has $300 million more to invest in early startups

"speakable-summary" style="font-weight: 400;">ACME Capital, an early-stage venture firm that’s run by industry insiders Scott Stanford and Hany Nada, has just closed two funds totalling $300 million in capital commitments, including a $240 million early-stage fund and a $60 million vehicle for

Marathon Venture Capital adds to its newest fund to back Greek founders around the globe

Marathon Venture Capital, an Athens, Greece-based venture firm co-founded in 2017 by two stalwarts of the Greek startup scene, has added €30 million in capital commitments to its second fund roughly a year after completing a first close with €40 million. Backers of the vehicle, which is more th

Daily Crunch: Mos evolves from fintech into challenger bank, as early users start post-college lives

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Thursday, February 3, 2022! Today we have a few angles on the startup market. The gist is that there are some positive signa

Pluto lands funding from fintech all-stars to build a ‘Ramp for the Middle East’

Here in the U.S., the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. And one new startup, Pluto, is hoping to gain traction in the region in the same way its counterparts here i