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: HighByte, Which Makes Sense of Industrial Data, Raises $875K

HighByte, an industrial software company based in Portland, Maine, closed on its pre-seed round funded by angel investors and early-stage venture capitalists. Investors included Maine Venture Fund and Momenta Ventures. HighByte raised a total of $ 875,000 comprising $ 625,000 in convertible debt and a long-term, low-interest loan of $250,000 from Maine Technology Institute (MTI).

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FinTech: Ant Financial Beefs Up Ties With Klarna; Buys Minority Stake
March 5, 2020

Ant Financial, which owns the Chinese Alipay payments platform and is an affiliate of e-commerce giant Alibaba (NYSE: BABA), has acquired a small stake in Swedish fintech Klarna. Klarna, along…
Venture Capital: Lockheed Ventures Makes Strategic Investment in Ayar Labs
March 5, 2020

Lockheed Ventures, the venture investment unit of defense conglomerate Lockheed Martin (NYSE: LMT), invested an undisclosed amount into Ayar Labs. Silicon Valley-based Ayar Labs develops broadband conductors.
Venture Capital: AI-Chipmaker Graphcore Soars To Nearly $2B Valuation
March 3, 2020

The bristol-based startup, Graphcore, which makes chips for AI, raised $150 million in a D2 round at a valuation of $1.95 billion. Graphcore’s current valuation improves on the $1.7 billion…
Venture Capital: About Corporate Venture Capitalism
March 2, 2020

More and more companies are using their cash piles to take a punt on venture capitalism. It’s par for the course for seasoned tech giants like Intel (NASDAQ: INTC) and…
Venture Capital: The Virus Deals A Body Blow To Chinese Startups
February 28, 2020

Chinese startups are facing a massive cash crunch following the coronavirus outbreak. With personal meetings placed on hold due to fears of contagion, it has become difficult for venture capitalists…
FinTech: South African Fintech Jumo Secures US$55M in Goldman Sachs-Led Round
February 28, 2020

Jumo secures US$55M in Goldman Sachs-led round. It will use the funds to expand into new markets and launch in Africa and Asia. Odey Asset Management and Leapfrog Investments participated…
Venture Capital: VCs, Wake Up And Smell The ClimateTech Coffee
February 27, 2020

Andrew Chung, of 1955 Capital, says climate change is the perfect storm. A huge market is shaping up around ClimateTech, a category of solutions that enable governments, companies, and individuals…
Venture Capital: SambaNova Systems Raises $250M for Its AI Systems Platform
February 26, 2020

SambaNova Systems, whose founders are the crème-de-la-crème of Silicon Valley, raised $250 million in a Series C funding. The startup is at the cutting edge of AI and large-scale computing….
Venture Capital: Salesforce Snaps Up CRM Startup Vlocity For $1.33B
February 26, 2020

Salesforce snaps up CRM startup Vlocity for $1.33B. Vlocity builds CRM systems that are industry-specific, cloud and mobile-based. Vlocity’s industry solutions are communications, media and entertainment, insurance and financial services,…
FinTech: Revolut’s Valuation Surges to $5.5B in Latest $500M ‘D’ Round
February 26, 2020

Mobile-based neobank and a digital provider of financial services, Revolut just raised $500 million in its ‘D’ round led by TCV. Though it is yet to report a profit, Revolut…

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