When ServiceTitan dropped its S-1 notice of an impending public offering on November 18, many VCs likely rejoiced. A successful IPO by the company, which builds operating software for trade businesses, could be what the quiet IPO market needs to start shaking loose. But the timing of ServiceTitan’s IPO may not be entirely based on […]
Here’s why ServiceTitan was on the clock to go public Read More »
Heading into 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d hit the bottom for funding to Latin American fintech startups during the year. While momentum wasn’t a straight shot up and to the right, Packer’s prediction may still have come true. The volume of venture capital dollars invested into fintech companies based
Latin America fintech will be a market to watch in 2025 Read More »
Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup
Sequoia marks up its 2020 fund by 25% Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. If you’d like to receive this newsletter in your inbox every Friday, sign up here! The week before Thanksgiving is typically busy with announcements of all sorts, but this week has been particularly interesting. Money was flowing to big problems, like defense, cybersecurity, and
Money for tech that matters Read More »
When Alex Hawkinson was the CEO of SmartThings, the consumer-focused connected devices company he co-founded and sold to Samsung for around $200 million, he kept thinking that internet of things (IoT) technology could probably solve bigger issues. He left SmartThings in 2018 to figure out where connected devices could make the largest impact. He co-founded
Physical AI startup BrightAI bootstraps to $80m in revenue Read More »
It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected
In 2023 VCs returned the lowest level of capital to their investors since 2011 Read More »
From Keith Rabois to Ethan Kurzweil, a lot of VCs have switched firms or spun out of storied VC institutions to launch their own funds this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general
From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs Read More »
When Brynn Putnam sold her last company, Mirror, to Lululemon for $500 million at the start of the pandemic, it looked to this editor like she’d sold the smart fitness company too soon. Instead, the timing proved brilliant. The home fitness craze crashed nearly as abruptly as it peaked during that first year of lockdowns.
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 44 US AI startups that have raised $100M or more in 2024 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! Despite the short workweek in many locations, the last few days have been crammed with deal announcements and funding news, although it is too early to tell how much was just on hold before
The US IPO window hasn’t reopened yet, but startups take what they can Read More »
