No company, no . . . problem?

There are many reasons to think the traditional venture industry may be at a tipping point after a very good run. The most obvious indication are the sizzling returns private investors have made in recent years, while public shareholders haven’t fared so well. Consider data published yesterda

Fintech outperformed the market in 2021, and it’s set to do even better

We were bullish on fintech when we launched the Matrix Fintech Index in 2017, but even we underestimated the magnitude of the growth to come. Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. And despite public markets' rocky start in early January, we&

As European VC heats up, Berlin’s Earlybird expands its reach into France with an adjunct fund

Earlybird, best known as the Berlin-based VC which has backed myriad German and European startups such as SoundCloud and N26, is today expanding its reach in Europe with the creation of a team and adjunct fund based out of Paris, France. The timing is decent. According to most annual European surve

TCV, looking to bond with younger startups, has raised a new $460 million fund to back them

Over the last decade, late-stage and crossover funds have faced sharper elbows from a wider number of non-traditional market participants that write checks to maturing but still-private companies. A lot of these firms have done well as their portfolio companies begin to trade publicly or get acquir

Norrsken, VCs and 30 unicorn founders set up $200M fund to back growth-stage startups in Africa

Niklas Adalberth's Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda, which plans to accommodate thousands of entrepreneurs by next year. This time, the foundation has teamed up with thirty unicorn founders and a couple of seasoned ven

Investors are turning their focus away from private shares to public stocks, says crossover investor

A lot of public market investors began elbowing their way into the world of venture-backed startups roughly a decade ago, and the ripple effects have been obvious. Think faster funding rounds across the board, higher valuations and venture firms that have raised increasingly bigger funds rather tha

Daily Crunch: 4 years after launch, fintech platform Esusu saddles unicorn with $130M Series B

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 January 27, 2022! Today's news is a pretty positive roundup. New fund? Oh yeah. Huge rounds? You bet. We even have new

European, North American edtech startups see funding triple in 2021

Even as recently as 2019, the edtech ecosystem could have been likened to a shallow well. Funding and activity were centered in a couple of markets and there were just a few growing companies gaining interest. But that’s no longer the case. Gone are the days when pitches to VCs would have to

Why Black female CEOs lead 50% of the companies in our portfolio

One thing is for certain as 2022 kicks off – there are billions of dollars worth of opportunities ripe for investment that include women leaders. Astia alone considered $3.024 billion in 2021 representing 1,103 companies, a 119% increase from the previous year, putting to rest an

10,000 subscribers later, This Week in Fintech has a venture fund

If you keep up with financial technology, you likely know that the fintech community is a tight-knit, large (yet small) group of enthusiasts that includes all sorts of people — from founders, to investors, to fintech-focused employees at startups or large companies to journalists like me. Ove

Crypto investors have 1099 problems, but CoinTracker helps make sure filing taxes isn’t one

The upcoming tax season is likely to prove particularly complex for crypto investors, many of whom will be paying taxes on their crypto holdings for the first time ever. In the U.S., the crypto industry will also grapple with new rules in the recently passed $1.2 trillion infrastructure bill that a

CaptivateIQ raises $100M at a $1.25B valuation to help companies design customized sales commission plans

Less than 10 months after raising a $46 million Series B, CaptivateIQ announced today that it has raised $100 million in a Series C round at a $1.25 billion valuation. The San Francisco-based startup, which has developed a no-code SaaS platform to help companies design customized sales commission p

Eleven Ventures closes new fund at $67.6M to invest in Southeastern European startups

Bulgarian venture capital is experiencing something of a renaissance. Last year LAUNCHub Ventures raised a €70 million find aimed at Southeastern Europe, while Vitosha Venture Partners raised a €26 million ($30 million) fund for startups out of Bulgaria. Now Eleven Ventures, another Bulgarian V

Columbus-based Tribevest bags $3M for its collaborative investing platform

Tribevest founder Travis Smith went on a fishing trip with his brothers in 2008 that he says they couldn't afford. It was then that he realized their “good jobs with 401(k)s” would never be enough for them, he told technewss. The brothers had dreams of finding their own financial freedom t