Venture

Klarna CEO and Sutter Hill take victory lap after Jony Ive’s OpenAI deal

Venture /

Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Klarna CEO Sebastian Siemiatkowski posted a surprising message on X.  Siemiatkowski’s family investment office, Flat Capital, had bought shares in io six months earlier, he said. Since this is an […]

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The wild story of how gut health AI toilet startup Throne raised $4M led by Moxxie 

Venture /

The tale of how smart toilet startup Throne landed its seed round is so full of serendipities, one could almost believe it was orchestrated by the hand of Fortuna, Roman god of providence. Throne is an Austin-based company working on an AI-powered toilet device for consumers. It uses computer vision (cameras pointing in the bowl

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In a crowded VC landscape, Elizabeth Weil’s Scribble Ventures shows that networks still matter

Venture /

In an era where hundreds of new venture funds have emerged, only to face a narrowing market as exits prove slippery, Elizabeth Weil’s Scribble Ventures stands out as a case study in the importance of deep networks. Defying a contraction that is sidelining many newcomers, Weil just secured $80 million for Scribble’s third fund, its

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Adaptation Ventures is a new angel investor group focused on disability and accessibility tech

Venture /

The global assistive technology market was valued at more than $22 billion in 2023 and is projected to grow substantially by 2030. Despite the potential market size, many founders building tech to help people with disabilities struggle to secure the kind of early funding needed to get their companies off the ground in the first

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South Loop Ventures closes $21M fund in Houston to build up local tech ecosystem

Venture /

South Loop Ventures, a Houston-based venture firm, announced a $21 million Fund I, with Rice Management Company and Chevron Technology Ventures serving as anchor investors.  The firm, which launched in 2022, focuses on seed and pre-seed companies, with $400,000 as the average check size. It also primarily hopes to focus on backing founders of color. 

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Headline Asia closes $145M fund to fuel investments in Asia-Pacific

Venture /

With the current economic uncertainties and geopolitical challenges, securing funding for startups in Asia has recently become more difficult. Venture capital firms have also been impacted by the downturn, leading to a decrease in the number of funds being closed. The VC market is “going through [one of its] cyclical winters marked by high interest

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