While many venture investors, and likely their LPs, were hoping IPOs were going to come back in 2024, that hasn’t happened and isn’t likely to in the next two months. NASDAQ CEO Adena Friedman isn’t surprised. Friedman said at Axios’s BFD event on Tuesday that while on paper the public markets have been experiencing a spectacular year […]
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. Several startups announced new rounds this week without disclosing their valuation. This doesn’t mean that these were down rounds, but rather it confirms that our collective focus
Not all startups mourn IPOs, but liquidity still must flow Read More »
Lumen Orbit has closed an oversubscribed, eight-figure seed round of more than $10 million, a source familiar with the details told TechCrunch. That would make it one of the hottest deals, if not the hottest deal, of the most recent Y Combinator batch. The Redmond, Washington-based startup is pursuing a moonshot idea to build a
Lumen Orbit closed one of the biggest rounds from Y Combinator’s last cohort Read More »
Paccurate co-founder and CEO James Malley likes to joke that once you get into supply chain tech, the category doesn’t let you back out. Ten years ago, Malley and Patrick Powers were working together as consultants when they started getting asked the same question over and over. Their clients were asking for help reducing the
Paccurate co-founder and CEO James Malley likes to joke that once you get into supply chain tech, the category doesn’t let you back out. Ten years ago, Malley and Patrick Powers were working together as consultants when they started getting asked the same question over and over. Their clients were asking for help reducing the
Acrew Capital has raised $700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $1.7 billion. It’s unclear how much of
Acrew Capital hits five years, raises $700m Read More »
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 brought us some exciting fundraising news from around the world, and even some exits. But if you are looking for tech IPOs, you will have
Investors bet on the power of light, diamonds in the trash, and more Read More »
After nearly a decade, industrials-focused VC Eclipse expanded out of Silicon Valley. The firm opened its second office in New York’s Soho neighborhood with plans to invest more on the East Coast. Eclipse backs startups in sectors including manufacturing, supply chain, healthcare, and infrastructure, among others, both through its seed and early growth-focused funds. Since
Eclipse opens an NYC office with plans to bolster its presence on the East Coast Read More »
When Hurricane Helene hit Asheville, North Carolina in September, the city’s police department reached out to public safety drone startup Paladin for help. The startup’s 30-member team jumped into action working nights and through the weekend to assist Asheville’s police department with locating people and dropping off supply. Asheville was a Paladin customer and its team
How Paladin’s drones helped Asheville during Hurricane Helene Read More »
For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $18.9 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The third quarter also saw the close of
Here’s the full list of 39 US AI startups that have raised $100M or more in 2024 Read More »
