Venture Capital

Sequoia and Andreessen Horowitz Are Secretly Backing This Cryptocurrency Hedge Fund

It's a hedge fund savvy enough to have scooped up Bitcoin when it was free. One of its founders is the well-known CEO of AngelList, Naval Ravikant. …

Cryptocurrency

Term Sheet — Wednesday, July 26

Good morning. It’s Jen Wieczner taking over your Term Sheet today while Erin is away. Please send me your feedback at jen.wieczner@fortune.com and/or …

For startups, VC funding is always in season

We’ve entered the dog days of summer. For many, that means time on the beach, backyard barbecues and, if you’re like us, seeking out the blissful respite afforded by a solid air conditioning system.<p>In the land of startups and venture capital, however, summer can mean something a bit …

Startups

Laurene Powell Jobs Leads Funding Round in Virtual-Reality Firm - Bloomberg

Laurene Powell Jobs’s Emerson Collective LLC and Singapore’s sovereign wealth fund Temasek Holdings Pte led a $40 million fundraising round in the …

Augmented Reality

A running list of every company backed by the $93B SoftBank Vision Fund

1/10<p>Brain Corp<p>Brain Corp raised $114 million last week. The company was one of two initial investments made directly from the Vision Fund.<p>San Diego-based Brain Corp is building its own software to power autonomous robots indoors. The team aims to make it easy to convert ordinary robots into …

Startups

How will same-day and on-demand delivery evolve in urban markets?

Delivery start-ups have struck a chord with consumers. But brick-and-mortar retailers and parcel services could still compete by playing to their …

Logistics

ICOs are disrupting my industry beyond belief. The funny thing is, I like it

Jamie Burke believes Initial Coin Offerings are the next big thing. He's betting his VC fund on it<p>Looking to raise startup funding? You need to pitch …

Bitcoin

WalkMe raises $75M more for its AI-based on-screen guidance tech

More funding is rolling in for Israeli startups. Today, WalkMe — company that has built a cloud-based platform for businesses to make web and mobile interfaces and experiences easier to navigate with on-screen guidance and prompts — has raised $75 million. It plans to use the funding to expand into …

Startups

Redfin Finalizes Terms For $120 Million IPO

Redfin is readying its $120 million IPO at a $1 billion post-IPO market capitalization.<p>The company operates an online residential brokerage in the …

Business

Israel’s Maniv Mobility closes $42 million inaugural fund for auto tech startups

A new investment vehicle aimed specifically at mobility startups has closed its inaugural fund at $42 million.<p>Launched out of Israel in 2016, Maniv Mobility — an offshoot of an existing family investment firm — said that its final close was more than double its original target. The fund claims a …

Startups

Endless buys struggling iconic luggage brand Antler from private equity firm LDC

Private equity house Endless, which specialises in moving businesses on after a challenging period, has bought struggling luggage retailer Antler …

Business (UK)

CPG investing platform CircleUp will now issue loans to help consumer brands grow

It’s hard raising money as a consumer packaged goods (CPG) company, but one startup wants to make it easier. CircleUp, which already helps consumer brands raise millions in equity financing, is now going to issue loans to help smaller CPG companies raise working capital and avoid cash …

Startups

1mg Raises Additional $15M in Series C Funding Led by HBM Healthcare Investments

The company has previously raised funding from Maverick Capital Ventures, HBM Healthcare Investments, Sequoia Capital India, Omidyar Network, Kae …

Startups

VCs Four Times More Likely To Fund All-Male Startups Than Those With Even One Woman Leader

In 2015, venture firm First Round Capital decided to crunch some numbers to understand the gender dynamics at play in its own portfolio — by then, 300 companies strong, with just over a decade in business.<p>What First Round found: startups with at least one woman on the founding team performed 63% …

Startups

Would you invest with Steve Cohen?

Steve Cohen is planning to launch a $20 billion hedge fund — and many institutional investors are planning to steer clear of it.<p>Cohen has been …

Finance

Everyone Is Investing In The Wrong Technology

A new book, co-written by venture capitalist/healthcare entrepreneur, Douglas W. Jamison and investment manager, Stephen Waite, explores Silicon …

Mark Zuckerberg

Infosys' $500 million startup fund managing director Yusuf Bashir quits

<b>Bengaluru:</b> Infosys Innovation Fund managing director Yusuf Bashir, who was leading the US $500-million startup fund of software services for over two …

Startups

Edtech’s Hidden Shortage: Women Directors

Community<p>Edtech’s Hidden Shortage: Women Directors<p>By Sydney Johnson     Jul 26, 2017<p>MJgraphics/ Shutterstock<p>In just over a decade, 20 independent …

US Private Equity Firms Team Up For Unilever Spreads Offer

Two US private equity firms are reported, by <i>The Times</i>, to be lining up bids for Unilever's spreads division, which includes brands such as Flora and …

Advertising Industry

More VCs Investing in Insurance Startups as Lending Fades

As the rush of venture capital money into online lending dissipates, VCs have turned their attention to another fintech sector: online insurance …

Startups

Google targets AI startups with Developers Launchpad Studio mentorship program

Google today announced a new six-month program called Developers Launchpad Studio, created to support AI and machine learning startups around the world.<p>Helpful perks to creators to be made available at the Developers Launchpad Studio include product validation support and introductions to AI …

Machine Learning

Imagine Sets $100 Million TV Financing Venture With Hong Kong’s TVB (EXCLUSIVE)

Imagine Entertainment has set a $100 million television production financing venture with a subsidiary of Hong Kong-based Television Broadcasts …

Hong Kong

Apollo Raises Record $24.6 Billion for New Global Buyout Fund - Bloomberg

Apollo Global Management LLC amassed $24.6 billion for the largest fund ever raised by a leveraged-buyout firm, crowning a string of record-setting …

Startups

VC-backed Perfecto taps ex JVP GP Carus as CFO

<b>Perfecto</b>, a provider of a cloud-based platform for web, mobile and internet of things app testing, has named <b>Michael Carus</b> as chief financial officer. …

Investing

AGP Miami funds Animusoft, a platform for the drone industry | Miami Herald

Why are local investors a critical piece of South Florida’s entrepreneurship community? Look no further than what AGP Miami is doing to help fill a …

Startups

Toast, a Boston-based startup, announces plans to hire 1,000 workers

Things are looking golden-brown at one Boston-based startup. Toast, Inc., a restaurant point-of-sale software company, announced plans this week to …

Startups

BioLineRx investor ups stake to almost 25%; shares ahead 2%

BioLineRx (BLRX +1.6%) reports that its largest investor, BVF Partners L.P. has agreed to a new direct investment of $9.6M in the company that will …

Series B Round

Female CEOs get only 3% of venture capital money

As if sexual harassment, alleged hiring droughts, and misogyny weren't enough, the venture-capital industry has another way to make life hard for women: It doesn't fund them.<p>Just 3% of venture capital funding was raised by female CEOs, or $1.5 billion out of $50.8 billion, according to a new study, …

FabHotels Raises $25M in Series B Funding from Goldman Sachs and Accel Partners

FabHotels currently operates over 5,000 rooms across more than 225 franchise hotels in over 20 major cities across India, including Mumbai, the …

Startups

Digital Wall Street's New Home - Bloomberg Gadfly

The U.S. is about to lose its dominance in financial technology.<p>While the world's most powerful nation continues to hold great influence over both …

FinTech