Becoming a venture capitalist has become the latest status symbol In Hollywood. Everyone from Olivia Wilde to Emma Watson is investing in startups. © 2024 TechCrunch. All rights reserved. For personal use only.
Category: Venture
anaconda, AT Protocol, Bluesky, Global IT News, Global Security News, Peter Wang, Skyseed fund, Social, Startups, Venture
Meet Skyseed, a VC fund and incubator backing the Bluesky and AT Protocol ecosystem
On November 15, Peter Wang posted a message requesting ideas for a new incubator and fund to support experimental projects built on the burgeoning Bluesky/AT Protocol ecosystem. Four weeks later, Skyseed emerged with an initial commitment of $1 million. This turnaround, a speed underscored by the fact that the fund doesn’t even have a website…
Global IT News, Global Security News, Government & Policy, Marc Andreessen, Venture
Sam Altman disputes Marc Andreessen’s description of AI meetings with Biden administration
Sam Altman dismissed what he called a “conspiracy theory” from a16z co-founder Marc Andreessen. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, AI startups, Artificial Intelligence (AI), evergreens, Fundraising, Global Security News, megarounds, Startups, Venture, venture capital
Here’s the full list of 49 US AI startups that have raised $100M or more in 2024
In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally. © 2024 TechCrunch. All rights reserved. For personal use only.
Exclusive, femtech, Global IT News, Global Security News, SEC, Swizzle Fund, Venture, Women's Finance
Swizzle Fund raises $5M for inaugural fund addressing women’s health and wealth
There is a new venture fund in town. Swizzle Fund, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just a little more than $5 million for its Fund I, according to an SEC filing. There was no target raise amount. The firm, which quietly opened in 2023, is an early-stage…
chemistry, electricity, Global IT News, Global Security News, Hydrogen, power, storage, Venture
Energy Revolution Ventures’ $18M fund lays a bet on ‘new chemistry’ startups in energy and hydrogen
What happens when a chemical engineer, who’s previously built a hydrogen-powered drone, becomes a venture capitalist? Energy Revolution Ventures, that’s what. The VC has now closed an $18 million Seed and Series A fund to invest in deeptech, such as energy storage, carbon capture, and, yes, hydrogen technologies. Marcus Clover, Co-Founder and Partner at ERV…
agi house, AI, early stage, Global IT News, Global Security News, openai, South Korea, TC, Venture
‘Genius Girl’ goes from inspiring a Korean TV show character to raising a $100 million AI fund
Principle Venture Partners will write early-stage checks anywhere from $100,000 to “single digit millions.” © 2024 TechCrunch. All rights reserved. For personal use only.
Europe, Global Security News, Robin Capital, Robin Haak, solo GP, sologp, VC, Venture
European Solo GP Robin Capital closes first fund with €15M to play with
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,…
Europe, Global Security News, Klarna, London, matt miller, Sequoia Capital, Venture, venture capital
Sequoia’s Matt Miller is exiting the firm after making headlines earlier this year
The writing was on the wall, seemingly. Sequoia Capital partner Matt Miller announced on Wednesday that he’s leaving the powerhouse outfit after a 12-year career to build his own new firm focused on European founders. He added he will remain a venture partner with Sequoia and maintain his board seats while fleshing out the “specifics…
AI, Global IT News, Global Security News, openai, sam altman, Sequoia, TC, Venture
Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity…
Fifth Wall Ventures, Fundraising, Global IT News, Global Security News, interest rates, PropTech, Real estate, real estate investing, Venture
Real estate VC Fifth Wall is raising $500M for a new fund
Real estate venture firm Fifth Wall is raising a new $500 million fund called Fifth Wall React, according to a regulatory filing. © 2024 TechCrunch. All rights reserved. For personal use only.
Asia Pacific, china, future union, Global Security News, humba ventures, Russia, Venture
Over 20 venture firms pledge to not take money from China, Russia
Founders now have a way to ensure that their investors haven’t taken money from countries like China, Russia, Iran or Cuba. Over 20 venture firms have signed the Clean Capital Certification, attesting that they have not and will not take money from foreign adversaries. Some of the firms that have signed include Marlinspike Partners, Humba…
Fundraising, Global IT News, Global Security News, travel, Venture
Hotel booking platform Safara raises $14M, acquires rival Skipper
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…
AI startups, Anthropic, Global IT News, Global Security News, menlo ventures, Venture
Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund
Just five months after launching a $100 million fund, Menlo Ventures and Anthropic have backed their first 18 startups. And are looking for more. © 2024 TechCrunch. All rights reserved. For personal use only.
Bluesky, Data Privacy, Global IT News, Global Security News, In Brief, social media startups, Venture
With 25M users, Bluesky gets a $1M fund to take on social media and AI
The fund will offer grants to those building on BlueSky’s open source AT Protocol. © 2024 TechCrunch. All rights reserved. For personal use only.
20VC, felix capital, Global IT News, Global Security News, Julien Codorniou, Venture
Felix Capital’s Julien Codorniou to join 20VC as general partner
Just a few weeks after 20VC announced its third investment vehicle, TechCrunch has learned from multiple sources that the relatively new VC firm based in London is gaining a new general partner. Julien Codorniou is leaving Felix Capital, where he has been a founding advisor since 2015 and a partner since 2021, to join 20VC…
AI, Databricks, Fundraising, Global IT News, Global Security News, IPOs, Venture
‘It’s dumb to IPO this year’: Databricks CEO explains why he’s waiting to go public
Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were quick to ask what this means for the company’s highly anticipated IPO. During an event in San Francisco on Tuesday night, Databricks CEO Ali Ghodsi explained why he’s waiting until at least 2025…
Databricks, Exclusive, Global IT News, Global Security News, Insight Partners, TC, Venture
Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fund raising, one of the VCs told TechCrunch. © 2024 TechCrunch. All rights reserved. For personal use only.
celebrity VCs, Exclusive, Global IT News, Global Security News, stephen curry, TC, Venture
Stephen Curry’s Penny Jar Capital files to raise a Fund II
Penny Jar Capital is the early-stage firm founded by Bryant Barr and Richard Scudellari and where basketball star Stephen Curry serves as a special advisor. © 2024 TechCrunch. All rights reserved. For personal use only.
Annette, Basalt, DermaScan, Global IT News, Global Security News, Hexa, Reki, Startups, Tandem, Venture
Hexa, the startup studio behind Aircall and Swan, unveils its next batch of startups
Hexa, a Paris-based startup studio that has launched dozens of B2B software companies, is sharing a list of its next batch of projects that are soon going to become independent startups. Hexa originally started its life in 2011 as eFounders, a startup studio focused on B2B software-as-a-service products. Hexa usually comes up with the ideas…
Exclusive, Global IT News, Global Security News, Jay Z, Marcy Venture Partners, roc nation, Venture
Jay Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings
Jay Z’s venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holding’s investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch. The newly formed MarcyPen Capital Partners has $900 million in assets under management, according to Pitchbook. MarcyPen’s spokesperson declined to comment further on…
arlan hamilton, backstage capital, Global IT News, Global Security News, Venture
Arlan Hamilton announces changes at Backstage Capital, will step into advisory role
Arlan Hamilton, founder of Backstage Capital, announced Friday that her role at the firm she started in 2015 will evolve. “After 12 years of being deeply involved in the day-to-day operations, I’ve decided to transition into a chairperson and advisory position,” she wrote in a statement released online. She was previously a managing partner at…
a16z, AI, Artificial Intelligence (AI), david sacks, Global IT News, Global Security News, Marc Andreessen, sam altman, Venture
Why Marc Andreessen was ‘very scared’ after meeting with the Biden administration about AI
What scared him most was what some said about the government’s role in AI, and what he described as a young staff who were “out for blood. ” © 2024 TechCrunch. All rights reserved. For personal use only.
Crypto, Exclusive, fbi, feuds, Founders Fund, Global IT News, Global Security News, Kalshi, Polymarket, presidential election, social media, Startups, Venture
Kalshi CEO admits enlisting influencers to dis Polymarket in a now-deleted podcast segment
Kalshi’s CEO, Tarek Mansour, confirmed on a podcast interview that his employees did ask social media influencers to promote memes about the FBI’s raid on the home of his arch rival, the CEO of Polymarket. Both of these companies offer competing events-betting markets, a new kind of betting industry where people wager about the outcomes…
Climate, climate tech, Exclusive, g2 venture partners, Global IT News, Global Security News, scoop, Venture, venture capital
G2 Ventures Partners is raising $750 million for a third fund
The raise is a bullish vote of confidence in climate and sustainability startups. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, climate tech, Exclusive, g2 venture partners, Global IT News, Global Security News, scoop, Venture, venture capital
G2 Ventures Partners is raising $750 million for a third fund
The raise is a bullish vote of confidence in climate and sustainability startups. © 2024 TechCrunch. All rights reserved. For personal use only.
Climate, climate tech, Exclusive, g2 venture partners, Global IT News, Global Security News, scoop, Venture, venture capital
G2 Ventures Partners is raising $750 million for a third fund
The raise is a bullish vote of confidence in climate and sustainability startups. © 2024 TechCrunch. All rights reserved. For personal use only.
Global IT News, Global Security News, Venture
How 21-year-old Koko Xs became the new rising star solo VC
When Koko Xs considered pursuing a career as a VC after he graduated from college last year, he observed a handful of trends that suggested he should do something else. He noticed that it’s hard to land deals and it takes a long time to see returns, given that most VC funds typically take a…
belgium, Global IT News, Global Security News, VC, Venture
New Syndicate One fund joins Belgium’s small-but-punchy tech ecosystem
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…