While many venture investors, and likely their LPs, were hoping IPOs were going to come back in 2024, that hasn’t happened and isn’t likely to in the next two months. NASDAQ CEO Adena Friedman isn’t surprised. Friedman said at Axios’s BFD event on Tuesday that while on paper the public markets have been experiencing a spectacular year […]
The NAACP announced today NAACP Capital, a $200 million fund of funds to back fund managers focused on issues that impact people of color. The fund was conceived in partnership with Kapor Capital and Kapor Center, along with nine other venture fund managers. Last year, Crunchbase found that Black founders raised less than 1% of
NAACP launches $200 million fund of funds Read More »
It’s no secret that Stripe has doubled down on its crypto offerings, enabling crypto purchases in the EU back in July and announcing a Pay with Crypto feature earlier this month. This week, the fintech giant made its dedication even clearer with its largest deal to date: its acquisition of stablecoin platform Bridge for an
Stripe’s biggest acquisition yet, and what’s a16z doing with all of those Nvidia GPUs? Read More »
The war in Ukraine has shown that warfare changes by the day. It’s also clear that the tech used to make war today is costly: While larger countries can afford legions of tanks, helicopters, and precision-strike systems, smaller nations find themselves scrambling for cheaper ways to defend themselves. Origin, a new defense tech startup out of
Airdog’s founders are back with a precision-strike drone meant for modern warfare Read More »
Despite the tight venture capital market, unicorns are still being created every month. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other
49 US startups have become unicorns so far in 2024: Here’s the full list Read More »
Brands often rely on scraping the web and monitoring social media to understand what customers are saying about them and get insights for product development. Cafeteria connects teens with brands they are interested in so they can provide feedback about strategy and product development. The startup is launching an iOS app Thursday. Before Thursday’s launch,
Cafeteria raises $3M to connect brands with their most opinionated customers: teens Read More »
Enterprises have a data inventory problem. The amount of data they’re collecting and storing is increasing, and that data is being spread across disparate storage buckets. Yet many organizations rely on processes that essentially amount to pencil-and-paper methods for tracking data provenance. According to one survey, more than 50% of companies use Excel spreadsheets in
Concentric helps companies keep track of their sensitive data Read More »
Boardy, a professional networking startup driven by AI voice technology, announced Thursday the closing of a $3 million pre-seed round. The company was co-founded by its CEO Andrew D’Souza, and brothers Ankur Boyed and Abhinav Boyed. They came up with this idea in March, started building it throughout the summer, and just launched officially this
AI networking startup Boardy raises $3M pre-seed Read More »
Lithuania’s Vinted has secured a new valuation of €5 billion (around $5.4 billion at current exchange rates), after the second-hand fashion marketplace closed a secondary share sale worth €340 million ($367 million). The transaction was led by private equity giant TPG, with other new participants including Baillie Gifford, FJ Labs, Hedosophia, Invus Opportunities, Manhattan Venture
Vinted hits $5.4B valuation amid wave of secondary share sales in Europe Read More »
New VC firm Chemistry raised $350 million for its debut fund, Forbes reported on Wednesday. The firm was launched by Mark Goldberg, former partner at Index Ventures; Kristina Shen, former general partner at Andreessen Horowitz; and Ethan Kurzweil, former partner at Bessemer (pictured above in that order). Axios first reported in April that the three
Bessemer, Index, and a16z alum launch VC firm Chemistry Read More »
