Fundraising has come in has become increasingly difficult over the past year for funds of all levels, especially emerging managers. In the first quarter of 2023, venture companies led by emerging managers raised $1.62 billion, just 13% of total capital raised in the US, according to PitchBook. Emerging managers and new funds entering the market … Read more
European early-stage investor Seedcamp has announced the $180 million close of its “Fund VI”. It’s a far cry from a university lecture hall in London 15 years ago in September when Founding Partner and co-CEO Reshma Sohoni stepped up and introduced the first Seedcamp cohort (this was the same day Acutely.info launched in Europe, by … Read more
Venture capital firm Lifeline Ventures today announced a new €150 million ($163 million) fund targeting early stage startups across Finland. Founded in 2009, Lifeline Ventures has invested in about 115 companies to date, with more than a dozen exits to its credit, including activity-tracking app Moves, which Facebook acquired in 2014; food delivery company Wolt, … Read more
In professional sports, player-coaches can be extremely effective: Celtics center Bill Russell won two NBA championships between 1966 and 1969. A recent study suggests that this principle also applies to venture capital. “Recent data from AngelList, collected for Flex Capital, shows that the founder-led funds raised through its platform outperformed the other funds raised on … Read more
Welcome back to Found, where we get the stories behind the startups. This week Bekka And stupid are accompanied by Kamakshi Sivaramakrishnanthe co-founder and CEO of Samooha, a startup creating the infrastructure needed for data collaboration. Kamakshi shared what it’s like to be a returning founder in a male-dominated tech field. She talked about juggling … Read more
Historically, the black community in the US has been disproportionately affected by the impacts of climate change. Relegated for decades to a vulnerable economic and social class, the community is almost always at risk of facing natural disasters no matter where they occur. This issue has inspired many black founders and investors to enter the … Read more
In 1846, London surgeon John Hutchinson invented the spirometer — something a doctor normally asks asthmatics to blow hard — to measure the volume of air inhaled and exhaled by the lungs. It’s a pretty basic idea. Incredibly, the technology has barely evolved since then. Today, the modern spirometer doesn’t even measure the amount of … Read more
Jenfi, a growth-capital-as-a-service platform, can provide online businesses with revenue-based financing within a day. The Singapore-based startup announced today that it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, who led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea Investment … Read more
The entrepreneurial community has realized several things in recent years: climate change is not going away and there is a huge opportunity to invest in companies that promise to shape entire segments of the future economy. With a few hiccups along the way, venture dollars have started flowing to climate tech startups with increasing volume … Read more
operator experience become crucial in venture capital in recent years. Pure-play financial VCs are falling out of favor with startups compared to investors who gain experience alongside their money. But not all operational backgrounds are equally useful. If a VC has experience in another field, it may not translate well – if at all – … Read more
Conventional wisdom around AI investment suggests that artificial intelligence should be red hot right now, with dollars flying to startups building with AI, similar to what happened to web3 and metaverse companies last year. Well guess what? Conventional wisdom is wrong — dead wrong, according to a new report from CB Insights. AI has been … Read more
Blackstone has reached a definitive agreement to sell its stake in Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activity among IPO-ready companies. IBS Software offers a range of software solutions for airlines, logistics and hospitality companies. The Kerala-based startup has … Read more