Venture

Mercury’s CEO formalizes bets on early-stage founders with a $26M fund

Venture /

Mercury co-founder and CEO Immad Akhund today announced the launch of a $26 million fund to back early-stage startups, a move that formalizes his extensive history of angel investing. Axios first reported in February. Akhund has been an active angel investor since 2016, backing over 350 startups at their earliest stages. His portfolio includes companies […]

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Saudi prince launches AI venture as Trump, Musk, Altman, and Zuckerberg arrive for conference

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Saudi Arabia’s ruler, Mohammed bin Salman, launched an AI company called Humain to bolster the country’s artificial intelligence sector. The company plans to build out the country’s AI infrastructure, including the construction of data centers. This news arrives as Elon Musk, Sam Altman, and Mark Zuckerberg are expected to attend a U.S.-Saudi investment forum on

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These investors are betting on Greece’s founders

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Several of Greece’s region’s most active early-stage investors joined StrictlyVC and TechCrunch at our event in Athens to share where they’re placing bets, how founder expectations are shifting, and why Europe’s next wave might be its strongest yet. The conversation explores everything, like emerging ecosystems, cross-border growth, and what it takes to win deals in

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One of Elon Musk’s longtime VCs is suing his former employer after allegedly being fired

Venture /

Josh Raffaelli, who has deep roots as a Silicon Valley investor and has backed a number of Elon Musk companies, is suing his former employer, the massive trillion-dollar AUM Brookfield Asset Management, reports The New York Times.  Much of Raffaelli’s complaint concerns how Brookfield covered pandemic-related real estate losses and alleges the company fired him

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Sequoia leads $1.5B tender offer for sales automation startup Clay

Venture /

It took seven years of hard work for Kareem Amin, co-founder and CEO of sales automation startup Clay, to see the company’s product finally take off in 2022. Since then, the startup has experienced explosive growth, reached a valuation exceeding a billion dollars, and expanded its employee count from low double digits to over 200.

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VC firm Insight Partners confirms personal data stolen during January hack

Venture /

Venture capital firm Insight Partners said it will alert an unspecified number of people that their personal information was stolen during a cyberattack in January. The VC firm confirmed in an updated statement this week it was planning to notify affected people on a rolling basis beginning “in the next few days.” The company said

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Bosch Ventures is turning its attention to North America with new $270M fund

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The venture arm of Bosch has a new $270 million fund that will continue its tradition of investing in deep-tech startups. This time, however, Bosch Ventures plans to put more of its money into North American startups. Launched in 2007, Bosch Ventures is now on its sixth fund. And while the corporate VC is technically

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Kapor Capital’s managing partner Ulili Onovakpuri is leaving the firm

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Kapor Capital’s managing partner Ulili Onovakpuri said yesterday that she is leaving the firm.  Onovakpuri started as a principal at Kapor Capital more than a decade ago, and rose through the ranks to become managing partner, and eventually (with Brian Dixon) took over the reins from the firm’s co-founders Mitch Kapor and Freada Kapor Klein. 

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