The UK fintech sector is on a bit of roll. Allica Bank – a London-based fintech – recently announced it had doubled its profits in 2024, bringing in £29.9 million, while Neobank Revolut announced a £1bn profit in 2024. Companies of this nature continue to spring out of London, a city which has become a fintech global […]
Volution doubles-down on booming UK fintech with new $100M fund Read More »
It would appear the environment and society remain relevant, whatever you might hear in some other quarters. At least, that’s one conclusion to be drawn from the news that European specialist VC Revent has closed a €100 million ($109 million) Fund II to invest in “planetary and societal health” startups. Launched out of Berlin in
Revent rocks the boat with a fresh $100M to invest in people and the planet Read More »
The number of “operator VCs” — former founders turned VCs — in Europe in recent years. This is common in the U.S., where the majority of VCs are former founders. The reverse is true in Europe, where most come from banking or finance. Recent examples in Europe include Wise founder Taavet Hinrikus, Glovo founder Oscar
A fresh $100M rolls into DIG Ventures as it bids to woo early-stage European startups Read More »
Venture capital investment in European startups passed $52 billion last year, reflecting the market’s long-term growth trajectory and gradual stabilization after the out-sized peaks of 2021-2022 (driven largely by the COVID-19 pandemic), and the comparative slump of 2023, according to a new report. Although 2024 has seen political and regulatory turmoil, Europe’s talent pool of
Sequoia will shutter its D.C. office as well as part ways with the policy team there at the end of March, TechCrunch has confirmed. The news comes — and is somewhat in contrast — with the other prominent VC firms in Silicon Valley strengthening their ties with Capitol Hill and the new Trump administration. Andreessen
Sequoia shutters D.C. office, lets go of policy team Read More »
Over the last 15 years or so, as European venture capital shifted into a higher gear, one way to help a nation’s ecosystem flourish was to invest in founders from that country, regardless of where they were based. This would help re-patriate the entrepreneurial mindset back home. In Europe, the approach was pioneered in part
Vento rolls out new €75M fund for Italian founders, no matter where they live Read More »
It’s often said that the UK and Europe lack the huge level of growth funding for later-stage startups that the US has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the US than in Europe. So the appearance of a
Key Cambridge, UK VC launches $126M fund to stem later stage flight Read More »
Cherryrock Capital, founded by ex-TaskRabbit CEO Stacy Brown-Philpot, announced Wednesday the closing of its $172 million Fund I with an all-star limited partner list that includes JPMorgan, Goldman Sachs, MassMutual, Melinda French Gates’ Pivotal Ventures, Reid Hoffman, Mellody Hobson, and Sheryl Sandberg. Brown-Philpot told Bloomberg that the fund actually closed in January. The firm launched
Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch previously reported that the firm, which quietly launched in 2023, was raising and has already bypassed $5 million, per its SEC filing. The thesis of Fund I will
Brand new women’s focused Swizzle Ventures skyrockets past its fundraising target Read More »
Andreessen Horowitz is defending its decision to hire Daniel Penny, according to an investor memo seen by The New York Times. The venture capital firm caused a stir earlier this week after it announced it would hire Penny, who was acquitted last year of choking a homeless man to death in the New York City
a16z stands by decision to hire Daniel Penny Read More »
