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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: Supervest, A Platform That Matches Loan-Seeking Merchants With Investors, Is Seeking Funds

April 12, 2021

Supervest calls it a new asset class. Merchant cash advances (MCA) are a form of short-term financing for merchants in the form of a sales agreement in which capital is exchanged for a proportion of future sales. Typically, an MCA is availed by small businesses or startups that need to receive a large amount of money quickly with minimal strings attached. Supervest is a platform where accredited investors and individuals can invest in the high-yielding MCA space.

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More Stories on Venture Capital

Venture Capital: As The Indian VC Scene Heats Up Alteria Raises $177M Venture Debt Fund

April 9, 2021

Alteria Capital, an Indian venture debt fund, announced today its first close of a ₹ 1325 crore (US$ 177.41 million) fund targeting start-ups looking for loans, not capital. The firm has a target of ₹ 1700 crores (US$ 227.62 million) expected to be raised within the next 3 to 4 months.

Venture Capital: India’s ShareChat Scores $502M Raise From Top Investors

April 8, 2021

Sharechat, the Indian AI-powered social media and content-sharing platform, announced a raise of $502 million in a round led by Tiger Global. Twitter (NYSE: TWTR), Lightspeed, and Snap (NYSE: SNAP) also participated in the investment round which valued the start-up at $ 2.1 billion.

FinTech: Indian Fintech Startup Cred Raises $215M, Turns Unicorn

April 8, 2021

Cred, a fintech founded by Kunal Shah, has just achieved the distinction of becoming the second-fastest Indian startup to emerge as a unicorn, that too within a mere 29 months of launch. It raised $215 million in a Series D round at a valuation of $ 2.2 billion, as investors continued to favor its business model of rewarding credit card payments made on time.

FinTech: Plaid Collects $425M At A Solid $13.4B Valuation

April 7, 2021

Fintech Plaid announced today its Series D round funding of $425 million at a valuation of $13.4 billion. The round was led by Altimeter Capital with participation from new investors, Silver Lake and Ribbit Capital. Earlier investors Andreessen Horowitz, Index Ventures, Kleiner Perkins, and New Enterprise Associates also participated.

Venture Capital: KKR Amasses $15B Warchest For Asia Fund

April 7, 2021

KKR & Co (NYSE: KKR), the global investing heavyweight, has just wrapped up raising Asia’s biggest ever private equity fund. The KKR Asian Fund IV closed with commitments of $15 billion and will focus on private equity investments in the Asia Pacific region.

Venture Capital: Source Code Capital, The Chinese VC Firm, Raises $1B

April 6, 2021

Source Code Capital, the highly regarded Chinese VC firm, announced today its raise of $1 billion for new dollar-denominated funds. According to DealStreetAsia, the funds are presumably intended for Source Code Growth Fund II ($580 million) and Source Code Venture Fund V ($420 million), going by a previous filing with the U.S. SEC.

Venture Capital: Indian Food Delivery Startup Swiggy Raises $800M At $5B Valuation

April 5, 2021

Swiggy, the punchy online food delivery platform delivering food to India’s hungry middle class, has raised $800 million from global alternative asset manager Falcon Edge Capital, Singapore-based fund management firm Amansa Capital and US-based private investment firm, Think Capital. Other participants in the oversubscribed round included French asset management firm Carmignac, Goldman Sachs, Prosus and Accel.

FinTech: Next Insurance Raises $250M, Doubles Valuation To $4B

April 5, 2021

Digital insurtech Next Insurance, which focuses on insurance for small businesses and the self-employed, raised $250 million in a round led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle, and G Squared. This funding was the startup’s second within the space of just seven months, bringing up its total amount raised to over $881 million.

Venture Capital: Delivery Service Glovo Nabs $529M, A Record For Spanish Startups

April 1, 2021

Barcelona-based delivery startup Glovo has scored € 450 million ($ 529 million) in a Series F funding round led by Lugard Road Capital and Luxor Capital Group. This round, set to be the largest in Spanish venture capital history, also saw investment from existing investors including Delivery Hero, Drake Enterprises, and GP Bullhound.

Venture Capital: HighRadius, The Working Capital Optimizer, Lands $300M

March 31, 2021

HighRadius announced Tuesday its raise of $300 million in a Series C round at a valuation of $3.1 billion. D1 Capital and Tiger Global led the round which also received participation from existing investors ICONIQ Growth and Susquehanna Growth Equity.

Venture Capital: LIVEKINDLY Collective Raises $335M, Becomes A Top-Funded Plant-Based Food Company

March 30, 2021

LIVEKINDLY Collective, which is a portfolio of plant-based food brands plus a media platform, and is run by senior executives from the global food industry, announced on Monday its raise of $335 million led by The Rise Fund, the global impact investing platform managed by TPG.

Venture Capital: Pilot, An Accounting And Back Office Startup, Raises $100M

March 29, 2021

Accounting and back-office startup Pilot, which focuses on small businesses, scored an extended $100 million Series C round led by Jeff Bezos’s venture capital firm Bezos Expeditions and hedge fund Whale Rock Capital. The round, which doubled Pilot’s valuation to $1.2 billion, also included participation by Sequoia and Index Ventures.

Artificial Intelligence: Krisp Uses AI To Cancel Noises (Like Barking Dogs And Crying Babies) During Calls

March 29, 2021

Last month, Krisp, an AI-powered noise-removal service, raised $9 million in a Series A round of funding led by RTP Global and saw participation by Storm Ventures. The Krisp app works with calls and recordings and supports Zoom, Meet, and 1000+ other apps out of the box. It removes noises such as background voices, barking dogs, room echoes, and other disturbances that can affect virtual meetings in real-time.

Venture Capital: Gorillas, Which Delivers Groceries Immediately, Lands $290M

March 26, 2021

Gorillas, which promises groceries delivered within 10 minutes, just became the fastest unicorn in Europe. The startup, which backs up its claim with strategically positioned “dark stores” for stocking groceries, raised a $290 million Series B round of funding.

Venture Capital: Mobile Travel App Hopper Raises $170M Round Led By Capital One

March 25, 2021

Hopper, the app-based travel marketplace, announced Wednesday its raise of $ 170 million via a Series F round led by Capital One (NYSE: COF) and including participation by new and existing investors such as GS Growth, Inovia Capital, WestCap Group, and Citi Ventures. The start-up also announced a partnership with Capital One for the launch of Capital One Travel, a new and improved portal offering an innovative customer booking experience for Capital One cardholders.

Digital Assets: Investors Pile Into Blockchain.com’s $300M Raise, Valuing It At $5.2B

March 24, 2021

This mega-round follows on a $120 million raise just last month. Blockchain.com’s valuation has surged to $ 5.2 billion from $ 3 billion in just a month, such was investors’ appetite for its latest Series C raise. The investment was led by DST Global, Lightspeed Venture Partners, and VY Capital, and included participation from other existing and leading investors across the globe.

FinTech: Payments Platform Airwallex Scores US$100M Extension Of Series D

March 24, 2021

Airwallex, the Australian payments platform that welcomes borderless businesses across the world, announced today a raise of US$100 million via an extension of its Series D round that had flagged off in April 2020. The additional funding lifts Series D to US$300 million, and the total funds raised by Airwallex to nearly US$ 500 million.

Venture Capital: AI-Powered, Digital Identity Verifier Jumio Scores $150M Round

March 24, 2021

Jumio, the leader in identity verification, eKYC solutions, and AML, announced Tuesday its raise of $150 million from Great Hill Partners, the Boston-based private equity firm that specializes in investing in high-growth companies across tech sectors. With this investment, Jumio has raised more than $255 million in total funding.

Venture Capital: Brazilian Real Estate Marketplace Loft Scores $425M

March 23, 2021

A booming housing market plus the digitization spurred by the pandemic have added up to land Sao-Paulo-based real estate marketplace Loft in a happy place. The three-year-old startup grew its business 28X in 2020 compared to the previous year, yet still has money left over from its last Series C raise of $175 million in January 2020. Nevertheless, Loft announced today its raise of $425 million at a whopping $2.2 billion valuation.

Digital Assets: Crypto Security And Infra Provider Fireblocks Raises $133M From BNY Mellon, Others

March 23, 2021

Fireblocks, which provides a specialized and secure platform for custody, settlement, and new crypto offerings, announced last its raise of $133 million via Series C funding. Coatue, Ribbit, and Stripes led the round, while The Bank of New York Mellon made a strategic investment. Previous investors, including Paradigm, Galaxy Digital, Swisscom Ventures, Tenaya Capital, and Cyberstarts Ventures, also participated in the round.

Venture Capital: Momenta Raises $500M From Automotive Majors Including Toyota

March 22, 2021

SAIC Motor (SHA: 600104), Toyota Motor (TYO: 7203) and auto parts supplier Bosch are among the investors to fund a $500 million Series C round by Chinese autonomous driving startup Momenta. The startup, which counts Daimler and Tencent Holdings amongst its backers, also received investments in the current round from Singaporean sovereign fund Temasek, Alibaba founder Jack Ma’s Yunfeng Capital, Xiaomi founder Lei Jun’s Shunwei Capital, Cathay Capital, and some unnamed institutions.

Venture Capital: TPG’s Impact Investing Arm Pays $200M For Stake In Airtel Africa’s Mobile Money Biz

March 19, 2021

Airtel Africa plc (LON: AAF) announced Thursday that The Rise Fund would invest $200 million for a minority stake in Airtel Mobile Commerce BV, a wholly-owned subsidiary that was the holding company for several of Airtel Africa’s mobile money operations. It also announced that other Airtel Africa mobile money businesses would soon be merged into this company. Ultimately, Airtel Mobile Commerce BV would be the umbrella owner of the mobile money units in all 14 African countries where they operate.

Venture Capital: Cyber-Risk Insurer Coalition Scores $175M Round

March 18, 2021

A rash of high-profile, sophisticated, and allegedly state-sponsored cyberattacks on American companies and government agencies has brought businesses face-to-face with the risks they face from hackings and ransomware attacks. Within commercial insurance, coverage against cyber risks is a relatively new phenomenon. Coalition, a cybersecurity platform that also provides insurance, announced Wednesday its raise of $175 million.

Venture Capital: AI-Powered Innovation Platform PatSnap Secures $300M Including From SoftBank

March 17, 2021

Patsnap announced Tuesday its Series E funding of $300 million led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and existing investors Sequoia China, Shun Wei Capital, and Vertex Ventures. The company, which operates out of multiple headquarters in Toronto (North America), London (Europe), and Singapore (Asia), is a leader in the so-called “connected innovation intelligence category.”