Venture Capital

It’s been 50 years since Venrock established itself to expose investors to venture capital opportunities. Today, the global venture capital industry tracks just south of $200 billion and continues to grow as new entrepreneurs, engineers, financiers, and thought leaders create the economy of tomorrow. The DailyAlts VC channel tracks the trends, opportunities, key thought leaders, and next-generation industries that will generate billions in returns.

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Venture Capital CEO Andrew Chung Faces New Legal Challenges

Andrew Chung, CEO of venture capital firm 1955 Capital, faces a new legal fight. The firm’s sole investor has sued Chung and the company over investment terms.

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Spotify’s First Backer Northzone Closes $500 Million Venture Capital Fund
November 19, 2019

Northzone, the Swedish venture capital firm that backed Spotify out of the gate, announced its largest fund to date.

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay
November 19, 2019

Chinese Investors Pump In $120 Million Into Nigerian Fintech OPay. Nigerian fintech OPay is an arm of Opera, which is based in Norway and majority-owned by Chinese. Opera founded OPay…

WeWork Layoffs to Total 4,000 to 6,000 Over Five Years
November 18, 2019

WeWork layoffs are coming, and the number could range between 4,000 and 6,000 employees. The WeWork layoffs are set to start this week. According to International Business Times, the company…

Lazard to Launch Venture and Growth Banking Unit in London
November 15, 2019

The firm hires two key executives to lead European initiatives Lazard has hired two Numis executives to launch a new group in Europe. The team will focus on European private…

Guild Education Hits $1 Billion Valuation
November 15, 2019

Guild Education is the latest company to join the exclusive unicorn club this year. The firm announced it has closed its Series D round, pulling in $157 million in the…

Northgate Capital Announces New $120 Million VC Fund
November 15, 2019

Northgate Capital announced it has closed Northgate Venture Partners VIII (NVP VIII) fund at $120 million. NVP VIII invests primarily in marquee venture capital firms and a select number of emerging…

HCM Capital to Launch Second, Larger Venture Fund
November 5, 2019

HCM Capital is reportedly exploring a new fund to invest in early tech startups. HCM Capital receives funding and support from Foxconn Technology Group. A report in Reuters notes that…

US VC Funding and Fintech Deals Dip In Q3
October 17, 2019

US venture capital and fintech funding both declined in Q3 of 2019 compared to the previous quarter. According to a CB Insights MoneyTree report US VC capital funding declined 15%…

Saudi Arabian Venture Shop Aims for a Second $500 Million Fund
October 16, 2019

A Saudi Arabian venture capital firm is looking to raise money for a second $500 million fund. STV, which backed Careem Networks, is exploring options for its second fund.  

Is a WeWork Bailout on Tap?
October 16, 2019

A WeWork bailout could be coming from JPMorgan or Softbank. Two weeks after the office-sharing giant pulled its IPO, its cash position has deteriorated. CNBC reports that the two banks…