The success of Palantir and Anduril hasn’t just spawned a new generation of aspiring tech companies looking to elbow between Boeing and Lockheed as new defense primes. It has now created a new ecosystem of startups that can serve other defense tech startups. One such startup is Pryzm, founded in 2022 to streamline data around […]
In Latin American countries like Brazil and Chile, messaging platform WhatsApp has become one of the most popular apps to buy things online. It was even the ecommerce platform of choice in the region during the pandemic. But WhatsApp is designed to be a messaging platform, not an e-commerce site. A startup called Mercately is
How Techstars, Meta helped profitable LatAM startup Mercately raise a $2.6M seed Read More »
The SEC has updated the dollar threshold for a vehicle to be considered a “qualifying venture fund” to $12 million from $10 million. Qualified venture funds are a subset of venture funds that can raise from up to 250 accredited investors while also being exempt from having to register with the SEC as an investment
The SEC just made life a little easier for smaller VCs Read More »
Many VC funds, especially recent vintages, have failed to return money to their investors. Swiss VC firm Redalpine is one exception, and this largely explains why its newly announced $200 million seventh early-stage fund was oversubscribed, according to the firm. Redalpine Capital VII, or RAC VII, is already well under way to back 15 to
Limited partners selling their investment stakes in venture capital funds to other LPs on the secondary market is nothing new. But traditionally these transactions happen offline through an opaque network of brokers that could charge costly fees and prove prohibitive for certain LPs to participate. Palico is looking to change that. Paris-based Palico quietly got
As twenty-something-year-old investors enter the venture landscape, they bring fresh vibes and spot new trends that could become the next multibillion-dollar tech businesses. Already, we are seeing some young investors carving out new niches. Alex Chung, 26, is an investor at Chai Ventures. Her firm has backed companies like consumer health platform Unfabled and emotional
The biggest trends young NYC investors are bullish on — and why Read More »
Ben Freeberg was an associate at a venture firm Alpha Partners when he suddenly passed out in the middle of the day. He sought medical help, and after running a few diagnostic tests, doctors didn’t find anything wrong with him. “They told me I was overreacting,” Freeberg told TechCrunch. But a little less than twelve
Cancer survivor launches Oncology Ventures to improve care Read More »
A crew of tech billionaires have been trying to get the California Forever project off the ground, which would create a new, supposedly utopian city on land north of the Bay Area. That project is on hold until 2026, when it’s likely to appear on local ballots, but TechCrunch learned that this isn’t the only
Tech billionaires want to build a utopian city in California Read More »
Neil Mehta, the VC behind the acquisition of a string of properties on San Francisco’s tony Fillmore Street, made waves earlier this week for reportedly throwing long-established local restaurants to the curb to bring in more high-end retailers. The San Francisco Chronicle talked, for example, to the owner of Ten-Ichi, a neighborhood sushi restaurant for
The VC quietly nabbing prized SF property is planning a ‘Y Combinator for restaurants’ Read More »
Colorful Capital, which launched in 2022 to focus on investing in LGBTQIA+-identifying founders, will end its attempts at raising a fund, according to an email seen by TechCrunch. It’s unclear if the firm is shutting down for good. Colorful Capital’s co-founders, William Burckart and Megan Kashner, declined to comment. A former employee who used to
Colorful Capital will stop trying to raise for a fund Read More »
