Fundraising

TravelPerk raises $200M as valuation nearly doubles to $2.7B

Fundraising /

Barcelona-based business travel management platform TravelPerk has raised $200 million at a hefty $2.7 billion valuation — almost double the $1.4 billion valuation at its previous fundraise last year. Alongside the raise, TravelPerk also announced it has acquired Swiss startup Yokoy to bring native expenses management into the fray. With the travel and tourism industry […]

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Reid Hoffman’s Manas AI raises $24.6M, a fraction of other AI drug discovery startups

Fundraising /

LinkedIn founder Reid Hoffman and Siddhartha Mukherjee, cancer researcher and author of the book “The Emperor of All Maladies,” have co-founded an AI-powered drug discovery startup, Manas AI. The company, which will initially focus on breast cancer, prostate cancer, and lymphoma, has raised $24.6 million in seed funding from Hoffman, General Catalyst, and Greylock. Manas

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ElevenLabs has raised a new round at $3B+ valuation led by ICONIQ Growth, sources say

Fundraising /

Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup that develops synthetic voice technology like voice cloning and dubbing tools. Now ElevenLabs is turning up the volume on its business with a huge series C raise, just a year after a sizable series A. The New

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Madrona just announced its biggest fund ever, closing on $770M as other venture funds grow smaller

Fundraising /

Seattle-based Madrona Capital is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firm’s largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022.  While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are

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Method is helping fintech companies like SoFi build repayment functionality into their apps

Fundraising /

It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with a patchwork of brittle screen-scraping APIs to extract data from users’ financial institutions — or worse, tools to process mounds of physical checks and paperwork. Three friends and entrepreneurs — Jose

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Fundraise Up claims its AI can boost nonprofit donations

Fundraising /

Many nonprofits are stuck with outdated, expensive, and limited tech that hinders their ability to fund their mission or cause. While most consider adopting tech to be a priority, they’re faced with a number of blockers, including siloed data and issues with integration. Peter Byrnes, the co-founder of Fundraise Up, a Brooklyn-based fundraising platform for

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Neko, the body-scanning startup co-founded by Spotify’s Daniel Ek, snaps up $260M at a $1.8B valuation

Fundraising /

Stockholm startup Neko Health has made a big bet on consumers wanting to learn about their state of health and how to prevent things going wrong. Now, investors are making a big bet on Neko.  The startup has raised a fresh $260 million in funding, a Series B that values Neko at $1.8 billion post-money,

Neko, the body-scanning startup co-founded by Spotify’s Daniel Ek, snaps up $260M at a $1.8B valuation Read More »

Raymond Tonsing’s Caffeinated Capital seeks $400M for fifth fund

Fundraising /

Caffeinated Capital, a San Francisco venture firm started by a solo capitalist Raymond Tonsing, is raising a fifth fund of $400 million, according to a regulatory filing. The firm, an early investor in software company Airtable and defense startup Saronic, has already raised $160 million toward the fund. If Caffeinated hits its target, it will

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AI’s $100 billion impact: 2024’s venture capital surge and the road ahead for startups

Fundraising /

It’s no secret that 2024 was a breakout year for AI, with the sector attracting over $100 billion in funding – nearly a third of the total global investment for the year. Today on TechCrunch’s Equity podcast, Julie Bort sits down with Crunchbase News’ Senior Data Editor, Gené Teare, to dive deeper into the year’s

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