Fundraising

Investors won’t give you the real reason they are passing on your startup

“When an investor passes on you, they will not tell you the real reason,” said Tom Blomfield, group partner at Y Combinator. “At seed stage, frankly, no one knows what’s going to fucking happen. The future is so uncertain. All they’re judging is the perceived quality of the founder. When they pass, what they’re thinking […]

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Good news for Rubrik, bad news for TikTok and medium news for early-stage startups

You don’t have to be venture-backed to be successful Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break the logjam, well, maybe there’s something else

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Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn

Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool by

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RevenueCat raises $12M Series C as it expands its subscription management to the web

RevenueCat, a top subscription management platform for apps that monetize via in-app purchases, is now flush with new capital as it expands to the web. The company has closed on a $12 million Series C led by Adjacent, following the launch of a new product, RevenueCat Billing, that allows web app developers to integrate subscription

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Edonia grabs €2M to turn microalgae into less bitter-tasting ground meat alternative

As the world’s population continues to grow, the need to feed everyone is something a number of entities are working on. Paris-based Edonia, is one of the startups working on creating protein ingredients using microalgae. Edonia joins companies like Brevel, AlgaeCore Technologies, Algenuity and NewFish that are tapping into the global market for commercial algae,

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Dripos raises $11M Series A to replace Square, Toast and 8 other pieces of software

Small coffee shops that relied on foot traffic were thrown for a loop when the global pandemic kept people in their homes. That’s when many coffee shop owners turned to technology to help them take online orders and payments. Startups were also eager to help these businesses stay safely in business — and venture capital

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Seed-stage firm Eniac Ventures raises $220M across two funds

Eniac Ventures has closed two funds totaling $220 million, the seed-stage firm shared exclusively with TechCrunch. New York-based Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments in portfolio companies, and $160 million for Eniac VI. The firm has made 11 investments out of Select 1, which actually closed

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Former Magic Leapers launch a platform for AR experiences

When Trace’s future co-founders Greg Tran, Martin Smith and Sean Couture joined Magic Leap in spring/summer of 2015, it was about as hot as startups come. After years of secrecy, the augmented reality company captured Silicon Valley’s imagination with in-device footage, before capping the year with an $827 million raise. The story of the intervening

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