Hometap closes on $60M to let people tap into their home equity without taking out a loan

Hometap, a startup that offers people a way to borrow against the equity in their homes without taking out loans, has raised $60 million in new funding. American Family Ventures led the investment, which brings Hometap's total operating capital raised since its 2017 inception to $95 million. Ne

The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point

Stacked raises $35M to bring passive investing tools to retail crypto traders

Stacked, a web-based platform that provides passive investment tools for retail investors interested in crypto, just announced it raised a $35 million Series A co-led by Alameda Research, a crypto trading firm owned by FTX founder Sam Bankman-Fried. Bybit and BitDAO partner Mirana Ventures co-led t

At SoftBank, a reported battle over pay with COO Marcelo Claure adds to other bad news

Not for the first time, SoftBank is having a terrible, horrible, no good, very bad week. Indeed, even while the Japanese conglomerate is known for its extremes — be it bold bets, internal squabbles, soured business relationships, or its ability to repeatedly bounce back from the brink —

Falcon Edge Capital eyes raising a fund of over $10 billion

Updated on December 7: Falcon Edge Capital has rebranded itself as Alpha Wave Global, and has closed the first tranche of the new $10 billion fund, called Alpha Wave Ventures II. Our original report follows.  Falcon Edge Capital, the New York-headquartered investor that has emerged

Maple VC locks down $16.5M for its second seed-stage fund by waving the Canadian flag

Maple VC is based in San Francisco, but don’t let that fool you, its founder, Andre Charoo, noted. The young fund, which launched in 2016 with $1.2 million in capital commitments, just closed on $16.5 million in capital commitments for a second fund that promises to almost exclusively back sa

A look inside Offline Ventures, co-founded by Brit and Dave Morin and backed in part by Apple

Last year, entrepreneurs, investors and married couple Dave and Brit Morin teamed up with James Higa, who was a senior director at Apple for nearly a dozen years, and Tonal co-founder Nate Bosshard, to create a new venture firm called Offline Ventures that, very notably, counts Apple as an anchor i

Via raises $130M to expand on-demand shuttle software business

On-demand shuttle and software company Via has raised another $130 million, capital that has pushed its valuation to about $3.3 billion as demand from cities to update its legacy transit systems rises. The round was led by Janus Henderson with participation from funds and accounts managed by BlackR

Sapphire Ventures secures largest capital raise to date across two new funds

Sapphire Ventures will inject $2 billion of newly raised capital into growth-stage enterprise companies from two new funds, Sapphire Ventures Fund VI and Sapphire Ventures Opportunity Fund III. The new funding represents the venture capital firm's largest raise to date, Nino Marakovic, CEO of S

Lightspeed China raises $920M for new funds, adds five partners

Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years after its last raise in early 2019. The capital went towards two funds: Lightspeed China Partners V

Seaya Ventures, Cathay Innovation launch $125M fund for LatAm startups

Venture capital firms Seaya Ventures and Cathay Innovation have created a joint fund aimed at startups across Latin America that are redefining their industries and society. The two firms — Seaya is based in Spain, and Cathay in France — formally came together in April and have since op

New Culture lands $25 million to commercialize its cheesy, animal-free mozzarella

Led by sales of cheddar and mozzarella, the U.S. cheese market alone was valued at $34.3 billion in 2019, and is projected to reach $45.5 billion by 2027, growing at a compound annual growth rate of 5.25%, according to Allied Market Research. By comparison, the vegan cheese industry is tiny, measur

Render secures $20M Series A to scale its DevOps cloud platform

DevOps cloud platform Render, which won our Disrupt SF 2019 Startup Battlefield, announced today that it closed a $20 million Series A funding round led by Addition alongside existing investors General Catalyst and South Park Commons. Addition first made a small investment in Render in February 202

The Station: Inside the infrastructure bill, Canoo makes a move and EVs in LA

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point