Brazil's Canary sings with closing of biggest fund with $100M in commitments

Canary, the Brazilian venture capital firm backing some of Latin America's successful startups like Buser, Sallve, Hashdex, Facily and Trybe, closed on its third fund that was oversubscribed with $100 million in commitments. Since its formation in 2017, the firm invested in more than 100 compan

General Atlantic secures $7.8B in commitments for sixth fund

General Atlantic announced Wednesday that its sixth growth equity fund, GA 2021, closed with $7.8 billion in commitments, up from the $5 billion the firm was originally seeking earlier this year. Backers in the new fund included new and existing capital partners, including family offices, endowment

Chicago’s Origin Ventures just closed its biggest fund yet with $130 million in commitments

Origin Ventures, the 22-year-old, early-stage, Chicago-based venture firm, just closed its fifth fund with $130 million in capital commitments, which makes the vehicle the firm’s biggest. It wasn’t necessarily aiming to break any records, suggests managing partner Jason Heltzer, who say

Flagship Pioneering's new venture is betting on tRNA to treat ‘thousands of diseases’

On Tuesday, Flagship Pioneering, the major investor behind Moderna, announced yet another addition to their portfolio of RNA-curious companies. Following a year of hype around mRNA, a new company, called Alltrna, will now focus on developing medicines based on Transfer RNA or tRNA.   At this poin

Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures

Draper Esprit, Europe's only stock market-listed tech VC firm, is changing its name to Molten Ventures after a change in senior personnel and an increasingly distant relationship with the U.S. VC network from which it inherited its name. With former co-founder and CEO Simon Cook amicably depart

Point One Navigation raises $10M to bring its precise location tech to all vehicles

Drivers who spend any time commuting in a new car or truck have likely experienced ping ponging — a phenomenon when a vehicle equipped with an advanced driver assistance system has trouble centering itself in a lane and bops back and forth until it finds that sweet spot. Point One Navigation jump

An accelerator and fund says it’s giving away its voting rights to scientist founders

SciFounders, an accelerator program and fund launched back in January with $6 million in backing, has a new proposition for the scientist founders who it looks to help run their own companies. It plans to give some of the teams it funds the voting rights that would normally come with its investment

UpWest raises $70 million for Fund IV, investing in Israeli founders looking to tackle US market

UpWest, the venture firm led by Shuly Galili, Gil Ben-Artzy and Assaf Wahrhaft, announced this morning that it has closed on a $70 million fund, the fourth in the firm’s more than 10-year history. The firm is unique in that it specializes in funding and supporting Israeli founders who are loo

We’re still just scratching the surface of the cloud’s potential

Battery Ventures released its State of the OpenCloud report today, providing a set of data points that clearly outline the accelerated growth of cloud services in recent quarters. The report helps explain the race to invest capital into startups that we've been observing over the past 18 months

137 Ventures, which provides loans to private company shareholders, just raised a new fund

137 Ventures, a 10-year-old, San Francisco-based firm that offers loans to founders, executives, early employees and other large shareholders of private, high-growth tech companies in exchange for the option to convert their debt into equity, has closed its fifth fund with $350 million. It's th

VSC wants to craft the stories of startups, then invest in them too

VSC, a public relations firm that has helped the likes of startups such as ClearCo, Poshmark and Tile craft their stories, has raised millions to invest in the companies they work with. While its bigger fund is estimated to close at $20 million, VSC confirmed that it has raised a $7 million tranche

Fifty Years, a deep tech investor, has raised $90 million from tens of ‘unicorn’ founders

Fifty Years, a six-year-old, San Francisco-based outfit with a portfolio that’s already rife with mostly deep tech companies — many with a good story to tell about how they can have an impact on the environment — just closed its third and newest fund with $90 million in capital co

Amazon taps $2B climate fund to invest in three more startups

Amazon has dipped back into its $2 billion climate fund and invested in several startups, including one that is developing fast-charging technology for electric vehicles as part of the e-commerce giant’s broader effort to have net-zero carbon operations by 2040. The company said Wednesday it

Sequoia dramatically revamps its fund structure as it looks to rethink venture capital model

Sequoia Capital is debuting a big shift in strategy as they look to boost their returns amid increased competition in the market for startup financing. The storied venture capital firm announced in a blog post today that they’re breaking with tradition, abandoning the traditional fund structu