Humba Ventures said today it has raised $40 million to invest in deep tech and defense tech startups. It is a sister-firm to Susa Ventures, the seed-stage firm that has backed companies like Robinhood, Human Interest and Flexport. The fund comes at a time when defense tech is seeing venture investment reach record highs: Startups in […]
Humba Ventures raises $40M fund to invest in deep tech, defense tech Read More »
Some VCs are looking at the Trump administration’s proposed massive tax increase on university endowments with alarm, warns Ann Miura-Ko, co-founder at Floodgate Partners. “There is a proposal right now to take the endowment tax from 1.4 percent to 35 percent and most people would say, well endowments are super rich, why do we care? Well, they
Trump’s proposed university endowment tax could hurt funding, VC warns Read More »
Military operators need to rapidly make decisions in high-stakes environments, but they’re often stuck with technology that’s unable to deliver accurate information about their surroundings. Military leaders have made clear that they’re prioritizing “decision dominance” for troops, but actually shipping new technologies and getting them in the hands of end users can be more challenging.
Reveal Technology raises $11M to scale ‘decision dominance’ tools for DOD Read More »
The OpenAI Startup Fund, the early-stage AI investor affiliated with OpenAI, recently disclosed in a financial filing that it has raised over $44 million for its fifth Special Purpose Vehicle (SPV) — its biggest so far. Launched in 2021, the Fund has an unusual structure. It uses OpenAI’s name, but says OpenAI is not an
OpenAI Startup Fund raises $44M in its largest SPV yet Read More »
Audrey Djiya and Peter Nsaka always wanted to be founders. Djiya’s parents, grandparents, and great-grandparents were all entrepreneurs, and even as she took a consulting job after college, she kept an idea journal, documenting the problems she saw and the potential ways technology could help solve them. “Growing up watching family members move goods cross-border,
YC-backed Zimi raises $2M to help international merchants easily sell in the U.S. Read More »
Many VCs, particularly newer firms, readily admit that 2024 has been a challenging year for raising fresh capital. Dimension Capital, a two-year-old venture outfit, had a different experience when raising its second fund. “Every investor from fund one came back very quickly,” said Zavian Dar (pictured center), one of the firm’s three founders and managing
Mitchell Green worked variously in investment banking, as an analyst with Bessemer Venture Partners, and for a hedge fund backed by Tiger Management before striking out on his own in 2011. Going it alone was seemingly the right move. Green now manages money for more than 700 individuals who have committed $5 billion to his
Lead Edge is increasingly steering its 700+ investors away from VC deals Read More »
The influential accelerator Y Combinator made a splash in Africa in 2020 when it shined its light on the market and began to accept startups from the region into its cohorts. The move was huge: in this nascent market, startups especially rely on programs like these to find their feet and connect with investors, and
As YC retreats from Africa, alumni launch accelerators to fill the gap Read More »
The next generation of New York City investors are already making their mark in the Big Apple. They come from big-name venture firms like Female Founders Fund and Lerer Hippeau and smaller ones like Chai Ventures. They work in areas like growth, consumer, and health. They canoe, hike, and play pickleball on the weekends. We
New York’s top VCs under 30 Read More »
Former NBA Lakers star Metta Sandiford-Artest (formerly known as Metta World Peace), has teamed up with Stephen Stokols, the former CEO of Boost Mobile, to launch Tru Skye Ventures, a firm looking to invest in sports and health tech, according to Sportico. The firm wants to raise $100 million and cut its first formal check
Former LA Lakers star launches VC firm Read More »
