Venture

This morning private-market powerhouse Andreessen Horowitz announced that it has closed $9 billion in new capital for its venture capital, growth-stage and biotech-focused vehicles. The firm, better known by the moniker a16z, also raised a $2.2 billion crypto-focused fund last year.

Software businesses are setting new heights for fundraising nearly every day. Transmit Security broke records last summer with their $543 million Series A, and in Q3 2021, $26.4 billion was invested in North American early-stage startups, compared with $12.1 billion a year earlier. There have been

Some of the most high-flying stocks of the pandemic are struggling in the new year and it’s bad news for tech companies of all sizes. technewss noted yesterday that software stocks were having a pretty poor start to the year. That was, it turned out, only the beginning of the damage. Today&#

That startup founders are in the driver’s seat has been plain for a while now. Consider the extent to which funding has soared, with investors reportedly plugging a record $93 billion into early-stage U.S. startups last year — triple what they raised five years earlier. Consider that th

Refinery Ventures, a Cincinnati-based venture firm, announced the close of its second fund with $36 million, which was more than two times its first fund. Fund II is backed by a group of LPs, including Cintrifuse, Great American Insurance, Western and Southern Insurance and The Cleveland Foundation

Liquid Death, a water brand that began life in 2018 with a funny video to first test the concept, has grown deadly serious about its growth prospects. The LA-based outfit, which sells canned mountain water from the Alps that will “murder your thirst,” has just landed $75 million in Seri

Last week, in response to a Black entrepreneur who said VCs are racist, venture capitalist and entrepreneur Joe Lonsdale attributed disparities in venture capital investing to “average black culture.” “A real view: average black culture needs to step it up and stop having as many kids born ou

Kim Folsom came up through the engineering ranks in the 80s and 90s before founding the first of six companies, three of which successfully exited. Today, she is the founder and CEO at Founders First Capital Partners, a San Diego startup investment firm that uses a non-traditional approach to fundi

According to PitchBook data, faith-based, mostly Christian, apps attracted $175.3 million in venture funding this year through mid-December, more than tripling the $48.5 million they attracted from VCs last year. It’s a far cry from the meager $6.1 million they attracted in 2016.

When South Park Commons (SPC), a community of tens of engineers in San Francisco’s South Park neighborhood, came together, it mostly flew under the radar, save for a New York Times profile in 2017, a year after it was formed. Founded by Facebook’s first female engineer, Ruchi Sanghvi, s

Startup markets around the world are heating up, and more investors are competing against each other for the best deals. In the scuffle, VCs are turning to scouts to do the legwork, but that has meant being yet another step removed from their founders. Investors have already been signing the dotted

Activity around African venture capital firms raising funds continues to increase as we head towards the end of the year. In the latest development, Abuja- and Lagos-based Ventures Platform is today announcing the first close of its $40 million pan-African fund. The fund, founded by one of Nigeria&

Two years into a worldwide pandemic, outfits around the globe are wrestling with how to resume their in-person operations safely. Consider that Apple just scrapped its office-return deadline, while Google, which plans to require its workforce to return to its offices three times a week at some poin

Pan-African venture capital firm 4DX Ventures has completed the final close of its second fund at $60 million. The second fund, launched in the first quarter of this year, was expected to close at $50 million, but investor and limited partner (LP) interest saw the fund oversubscribed. The LPs invol