Founders now have a way to ensure that their investors haven’t taken money from countries like China, Russia, Iran or Cuba. Over 20 venture firms have signed the Clean Capital Certification, attesting that they have not and will not take money from foreign adversaries. Some of the firms that have signed include Marlinspike Partners, Humba […]
Over 20 venture firms pledge to not take money from China, Russia Read More »
Just five months after announcing a new $100 million fund called Anthology Fund, Menlo Ventures and Anthropic have backed their first 18 startups. And they are looking for more. Menlo says these first 18 were selected from thousands of applicants. They include startups working on recruiting software; autonomous coding; interpretability research (understanding how models make
Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund Read More »
Successful tech companies follow a typical pattern: from product to platform where other startups build businesses on top of theirs. To spur that, they often launch a fund. In this case, someone else is launching a fund to help fast-growing social media site Bluesky, which now claims 25 million users. On Wednesday open source and
With 25M users, Bluesky gets a $1M fund to take on social media and AI Read More »
Just a few weeks after 20VC announced its third investment vehicle, TechCrunch has learned from multiple sources that the relatively new VC firm based in London is gaining a new general partner. Julien Codorniou is leaving Felix Capital, where he has been a founding advisor since 2015 and a partner since 2021, to join 20VC
Felix Capital’s Julien Codorniou to join 20VC as general partner Read More »
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fundraising, one of the VCs leading the deal told TechCrunch. “There were calls that went well late into the night, and that’s okay, that’s how good opportunities emerge,” George Mathew, managing director at Insight Partners, described with a grin. Along with
Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored Read More »
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized
A comprehensive list of 2024 tech layoffs Read More »
Penny Jar Capital, the early-stage firm founded by Bryant Barr and Richard Scudellari and where basketball star Stephen Curry serves as a special advisor, has filed to raise a Fund II with no target amount, according to an SEC form filed in October. The firm also filed in October to raise what appears to be
Stephen Curry’s Penny Jar Capital files to raise a Fund II Read More »
Hexa, a Paris-based startup studio that has launched dozens of B2B software companies, is sharing a list of its next batch of projects that are soon going to become independent startups. Hexa originally started its life in 2011 as eFounders, a startup studio focused on B2B software-as-a-service products. Hexa usually comes up with the ideas
Hexa, the startup studio behind Aircall and Swan, unveils its next batch of startups Read More »
Jay-Z’s venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holdings’ investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch. The newly formed MarcyPen Capital Partners has $900 million in assets under management, according to PitchBook. MarcyPen’s spokesperson declined to comment further on the
Jay-Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings Read More »
Arlan Hamilton, founder of Backstage Capital, announced Friday that her role at the firm she started in 2015 will evolve. “After 12 years of being deeply involved in the day-to-day operations, I’ve decided to transition into a chairperson and advisory position,” she wrote in a statement released online. She was previously a managing partner at
Arlan Hamilton announces changes at Backstage Capital, will step into advisory role Read More »
