This year already proved that startups are willing to go public in a less-than-ideal market — and get rewarded for it, too. But bankers, lawyers and investors said the recent IPO successes aren’t enough to foster more than a dozen tech IPOs this year. “I don’t think we will have the floodgates open like I […]
Despite recent successes, IPO market still won’t fully open until 2025 Read More »
When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry. It was surprising because unlike in many other fields, venture capitalists don’t traditionally move
From Connie Chan to Ethan Kurzweil, venture capitalists continue to play musical chairs Read More »
Midwest venture capital firms might always play catch-up to the coasts, but that’s not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. Despite being so-called “fly-over cities” according to investors focused on the coasts, the money continues to flow into this region. For example, Michigan’s
When Joanna Strober was around 47, she stopped sleeping. While losing sleep is a common symptom of perimenopause, she first had to go to multiple providers, including driving 45 minutes out of San Francisco to pay $750 out of pocket, to get that diagnosis and proper treatment. “That feeling of wow, I’ve really been suffering
Midi is building a digital platform for an oft-overlooked area of women’s health Read More »
Givebutter started in a George Washington University dorm room in 2016 as a software solution to make nonprofit fundraising more transparent and fun. Eight years later, the company is profitable and it just raised $50 million to scale as momentum for nonprofit-focused startups appears to be growing. The company’s co-founder and CEO, Max Friedman, fundraised
Givebutter is turning a profit making tech for nonprofits Read More »
When Asheem Chandna drove up to Rubrik’s office in Palo Alto on a Friday night in early 2015, he was looking forward to learning what the young company that had yet to build its product would show him. The Greylock partner wasn’t disappointed. The company’s CEO, Bipul Sinha, drew Rubrik’s plan to revamp the data
How Rubrik’s IPO paid off big for Greylock VC Asheem Chandna Read More »
Rubrik shares hit the New York Stock Exchange Thursday, debuting at $38 a share. The cybersecurity company priced its shares at $32 apiece Wednesday night, just a hair over its initial target range of $29 to $31 after raising $752 million. This share price gives Rubrik a fully diluted valuation of $6.6 billion, up 88%
Rubrik’s shares end trading up almost 16% on the company’s public debut Read More »
Eniac Ventures has closed two funds totaling $220 million, the seed-stage firm shared exclusively with TechCrunch. New York-based Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments in portfolio companies, and $160 million for Eniac VI. The firm has made 11 investments out of Select 1, which actually closed
Seed-stage firm Eniac Ventures raises $220M across two funds Read More »
When prolific venture capital firms Andreessen Horowitz and Lerer Hippeau announced in early 2024 they were pivoting away from consumer tech, it sparked a social media debate about whether there are still opportunities. Maven Ventures’ Jim Scheinman and Sara Deshpande say “yes.” And to prove it, they raised $60 million in capital commitments for a
Consumer tech investing is still hot for Maven Ventures, securing $60M for Fund IV Read More »
Humane today announced the availability of its first product, the Ai Pin. The Bay Area-based hardware startup has been kicking around since 2017, a year after co-founders Bethany Bongiorno and Imran Chaudhri left Apple. Since then, the company has been well-funded, to the tune of $230 million, and focused on building stand-alone AI devices. Ai
Humane’s $699 Ai Pin is now available Read More »
