Fundraise

This startup is making manure out of other biogas power plants and now has $62M to play with

Working away on his PhD in Munich only a few years ago, Stephan Herrmann (now a doctor) couldn’t have conceived of a time when his idea for a carbon-negative power plant would attract millions in funding. But now, together with Reverion co-founder Felix Fischer, he has a $100 million backlog of orders for his invention […]

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Forestay, Europe’s newest $220M growth-stage VC fund, will focus on AI

Forestay, an emerging VC based out of Geneva, Switzerland, has been busy. This week it closed its second fund, Forestay Capital II, at a hard cap of $220 million. The VC wasn’t well known in Europe until it started to lead rounds in enterprise startups a couple of years ago, notably scanning software startup Scandit

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Kleiner Perkins leads $14.4M seed round into Fizz, a credit-building debit card aimed at Gen Z college students

Carlo Kobe and Scott Smith believed so strongly in the need for a debit card product designed specifically for Gen Zers that they dropped out of Harvard and Cornell at ages 19 and 21, respectively, in 2021 to build a startup called Fizz. The pair wanted to go beyond creating a debit card for the

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Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn

Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool by

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