Venture

One of Bolt’s proposed new backers, The London Fund, has been scrubbing its web page

One-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO. In the meantime, Axios’ Dan Primack did some digging around on The London Fund, a firm that is supposed to provide up to $250 million in “marketing credits” […]

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Fluid Truck’s board ousted its sibling co-founders amid allegations of mismanaging funds

Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders – CEO James Eberhard and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the

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Pryzm is a new kind of defense tech startup: one that helps others win lucrative contracts

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

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How Techstars, Meta helped profitable LatAM startup Mercately raise a $2.6M seed

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

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Science-heavy Swiss VC firm Redalpine raises fresh $200M fund for early-stage investments

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

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Palico is now the first FINRA-approved company to facilitate online LP-led secondaries deals

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

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The biggest trends young NYC investors are bullish on — and why

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

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