PayPal is being sued by the founder of venture firm Andav Capital, Nisha Desai, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian, according to a suit filed this week. In 2020, PayPal made a $530 million commitment to support more Black and minority-led businesses in the […]
Venture fund founder sues PayPal, alleging racial discrimination Read More »
Tacora Capital, a Texas firm that specializes in venture debt, has raised $268.7 million for its second fund, according to a new SEC filing. Tacora’s inaugural fund in 2022 raised about $350 million, including $250 million from Peter Thiel — the prominent Republican billionaire and investor — in what was considered an “unusually large investment”
Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund Read More »
Robin Capital — the Germany-based, Solo GP-led VC fund by former entrepreneur Robin Haak — has hit its final close of ‘Robin Fund One’ at €13 million. Combined with its additional growth-focused investment vehicle of €2m, the fund now has a total of €15 million to play with. In the realm of European Solo GPs,
European Solo GP Robin Capital closes first fund with €15M to play with Read More »
Doug Schuessler has always been a founder. This passion, which has been with him since childhood, saw him launch two startups, move to San Francisco, and take a job at Square to see what a “real rocket shop looked like.” He later became chief revenue officer at restaurant booking platform Resy, before becoming a founder once
Hotel booking platform Safara raises $14M, acquires rival Skipper Read More »
Syndicate One is a debut investment firm out of Belgium that has raised a €6.5 million fund to back Belgian founders and startups. While the amount is small, the significance is that it is the first Belgian fund to have the support of all four of the federal regions of the country. This, in a
New Syndicate One fund joins Belgium’s small-but-punchy tech ecosystem Read More »
The OpenAI Startup Fund, the early-stage AI investor affiliated with OpenAI, recently disclosed in a financial filing that it has raised over $44 million for its fifth Special Purpose Vehicle (SPV) — its biggest so far. Launched in 2021, the Fund has an unusual structure. It uses OpenAI’s name, but says OpenAI is not an
OpenAI Startup Fund raises $44M in its largest SPV yet Read More »
Former NBA Lakers star Metta Sandiford-Artest (formerly known as Metta World Peace), has teamed up with Stephen Stokols, the former CEO of Boost Mobile, to launch Tru Skye Ventures, a firm looking to invest in sports and health tech, according to Sportico. The firm wants to raise $100 million and cut its first formal check
Former LA Lakers star launches VC firm Read More »
Back in the heady days of 2021, Heartcore Capital planned to focus on consumer technology with a $200 million fund. Fast-forward to 2024, and its latest fund will now ‘leaven the bread’ of that thesis, with a fresh $180 million (€170M) to go broader and more generalist than that earlier thesis. Some 17-years into the
The nonprofit organization 1863 Ventures, which focused on providing capital and mentorship to early-staged underrepresented founders, will close and become a for-profit entity called New Majority Ventures, according to its founder Melissa Bradley. The new organization will rely on a fiscal sponsor and is said to be in talks with The Tide Foundation for this
Non-profit 1863 Ventures has closed, reborn into for-profit New Majority Ventures Read More »
Charles Hudson, managing partner of Precursor Ventures, told an audience at AfroTech the basics of knowing when to invest: A company should have product-market fit and some form of traction. But the next thing he said garnered some surprised looks from the audience: Founders should test investors with a small issue to see how they
Precursor’s Charles Hudson believes founders should test their investors Read More »
