Venture

How African VC firm Oui Capital returned its first fund with Moniepoint’s unicorn exit

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At a recent investor meeting, early-stage African investor Oui Capital informed limited partners that it had returned its $4 million debut fund following the sale of some shares in the business banking platform Moniepoint. The African fintech unicorn has so far proven to be a standout investment for five-year-old Oui Capital. When it launched its […]

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From recruiting for Palantir to landing a plane on Highway 85: meet defense tech’s wildest power broker

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In 2023, defense tech recruiter Peterson Conway VIII pulled up to the offices of nuclear fusion startup Fuse in a black Suburban, donning his signature cowboy hat. He picked up a recent Fuse hire and proceeded to regale her with stories of his old recruiting days. One story involved prostitutes attending a recruiting event (“not

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Big Tech expands its reach with new startup acquisitions and investments

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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week’s newsletter is about startups, but it is also about Big Tech companies expanding their reach, both through acquisitions and through investments. Most interesting startup stories

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New York powerhouse VC Insight Partners nabs another $12.5B after $8B in exits

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Jeff Horing’s Insight Partners is to New York venture capital what Andreessen Horowitz and Sequoia are to Silicon Valley. And it’s a status that has been cemented with Insight’s latest closing. As expected, Insight Partners announced Thursday that it closed another giant flagship fund, known as Fund XIII, along with its second Opportunity fund, collectively

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Powerset gives founders $1 million to invest in other startups 

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Powerset, founded in late 2022, is an investment program with a simple hypothesis: what if the best investors aren’t venture capitalists but other founders, scribbling off checks in between late night coding sessions and board meetings?  Every year, Powerset, founded by AngelList alum Jack Zeller and coaching company Athena founder  Jonathan Swanson, hands five to

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Top New York VC Ben Lerer says more mid-sized VC firms are heading for failure

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Ben Lerer, managing partner of one of New York’s most prestigious seed-stage venture firms, Lerer Hippeau, shared some predictions with Fortune’s Leo Schwartz. He believes venture firms will continue to see a bifurcation as money pours mostly into top funds like Thrive and a16z, as well as into smaller more bespoke funds.  “Where you go

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Defense startup Epirus in talks to raise over $150M, potentially cutting valuation 

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Defense tech startup Epirus is reportedly raising between $150 million and $200 million in a new funding round led by Joe Lonsdale’s venture firm 8VC, Bloomberg reports. The round could give the company, which develops technology to intercept drones, a valuation of about $1 billion. If that’s the final valuation, it would be a decrease

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