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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: LIVIN Farms, A Provider Of Bugs On Subscription, Raises €6M Series A

September 28, 2022

LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to convert organic waste and by-products into revenue earning proteins, fats, and fertilisers using insect larvae. The company raised a EUR 6 Million Series A round led by venture investor Peter Luersse.

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More Stories on Venture Capital

Artificial Intelligence: Disperse Raises $16M For AI-Enabled Construction

September 27, 2022

Disperse, a provider of AI software that streamlines processes and productivity at construction projects, has raised $16 million in a funding round led by 2150 with participation by existing investors including Northzone and Kindred Capital. The company will use the new funds for product advancements and expanding the go-to-market function in the Americas. Disperse systems will support project managers during a recessionary environment, volatility in labor and materials markets, and other typical operational issues.

Venture Capital: ffVC Steps In To Fill Funding Void, Launches Fund For Ukrainian Startups

September 26, 2022

ff Venture Capital, or ffVC, an early-stage venture firm focused on global opportunities, launched the ff Blue & Yellow Heritage Fund, the first US venture capital fund exclusively for Ukrainian founders and startups. Of the targeted amount of $50 million the new fund has already received commitments for $30mm from institutional, family offices and corporate investors.

Venture Capital: Rivus Pharma Lands $132M For Obesity and Cardio-Metabolic Drug

September 23, 2022

Rivus Pharmaceuticals Inc announced its $132 million Series B financing that would advance obesity drug HU6, its lead candidate, and a first-in-class Controlled Metabolic Accelerator (CMA) for cardio-metabolic disease, as well as obesity, the primary driver of the disease.

Digital Assets: Japan’s Nomura Holdings Incorporates Digital Assets Subsidiary In Switzerland

September 22, 2022

Nomura Holdings (TYO: 8604), the Japanese investment banking behemoth, has incorporated Laser Digital Holdings AG in Switzerland for its new digital assets business, Laser Digital. Laser will focus on the three core businesses of Secondary Trading, Venture Capital and Investor Products.

Venture Capital: Pie, Which Specializes In Workers Compensation Insurance, Raises $315M

September 22, 2022

Pie Insurance, a small business-focused insurtech, raised a $ 315 million series D round led by Centerbridge Partners and Allianz X, the digital investments arm of Allianz Group. White Mountains Insurance Group participated as a new investor, while Gallatin Point Capital, Greycroft, Acrew Capital and others were repeat investors.

Artificial Intelligence: BMW And Other Funding Rounds Of Note

September 20, 2022

Here are interesting funding rounds in the AI space, ranging from the BMW-led $10 million funding in an optical AI company, to the similar amount invested in a Slovenia-based insect monitoring, and forecasting platform.

Venture Capital: SaaS Pricing And Financing Platform Ratio Raises $411M After Emerging From Stealth

September 16, 2022

Ratio, a fintech platform focused on management of SaaS subscriptions, emerged from stealth and secured $411 million in financing, comprising $11 million of venture funding and a $400 million credit facility for customer financing. Ratio’s investors include Streamlined Ventures, Cervin Ventures, 8-Bit Capital, HoneyStone Ventures, multi-billion-dollar asset managers and a range of tech CEOs from both large and small companies.

Venture Capital: Massive Payday For Figma Founders As Adobe Makes $20B Offer For The Design Startup

September 15, 2022

Adobe, (NASDAQ: ADBE) announced it will pay about $ 20 billion in cash and stock to acquire Figma, a collaborative design start-up that was valued at $ 10 billion in its last funding round in 2021. Figma creates cloud-based design software that is a competitor to Adobe’s XD program. The payment consideration of $ 20 billion comprises approximately half cash and half stock subject to usual adjustments.

Venture Capital: TeraWatt Raises Over $1B To Scale Charging Networks For Electrified Fleets

September 14, 2022

TeraWatt Infrastructure has raised over $ 1 billion of institutional funds scale up its network of fleet-focused charging centres and operations. The company’s mission is to accelerate the decarbonisation of transport with a proprietary platform that combines an EV charging-focused property portfolio, asset financing capabilities, project development, and charging and energy management expertise.

Venture Capital: Private Chinese Satellite Internet Startup GalaxySpace Valued At $1.58B In New Funding

September 9, 2022

Chinese satellite internet startup Galaxyspace, which was founded in 2016, now commands a valuation of $1.58 billion after a recent funding round led by CCB International, an investment vehicle belonging to China Construction Bank Corporation, one of China’s big four banks, along with Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund. Existing investors Legend Capital and Chaos Investment also participated.

Venture Capital: Blockchain And Web3 Infrastructure Developer Mysten Labs Nabs $300M Series B

September 9, 2022

Mysten Labs, a developer of the Sui blockchain network and creator of infrastructure for Web3, announced an initial close of $300 million series B funding round led by FTX Ventures. The round valued the startup at more than $2 billion.

Artificial Intelligence: Enterprise Voice Assistant Provider PolyAI Raises $40M

September 8, 2022

PolyAI, a provider of human sounding voice assistants for enterprises, announced its $40 million Series B round led by Georgian with participation from Twilio Ventures as well as existing investors (Khosla Ventures, Point72 Ventures, Amadeus Capital Partners).

Venture Capital: Identity Decisioning Platform Alloy Lands $52M

September 2, 2022

As an identity decisioning platform, Alloy helps banks and fintech companies automate their decisions for onboarding, transaction monitoring and credit underwriting of customers. Using the platform, Alloy clients can access customer information, traditional credit bureau data, and other alternative data through a single point of integration, providing a complete picture of their customer. The company raised an additional $52 million led by Lightspeed Venture Partners and Avenir Growth with participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.

Venture Capital/ESG: Plant-Based Meat Startup Planted Lands CHF 70M (US$72M) Series B Round

September 2, 2022

Planted, the Swiss startup making vegan meat from plant proteins, announced its $72 million Series B round to fund the launch of its new whole-cut line of products including chicken breast, increase production capacity and expand internationally.

Venture Capital: Seven Seven Six, A VC Founded By Reddit Co-Founder Ohanian, To Invest $177.6 M In Web3, Crypto

September 1, 2022

Alexis Ohanian, the co-founder of Reddit, has floated Seven Seven Six, a venture capital firm focusing on investments in Web 3 and crypto currencies. A new fund from 776, titled Kryptos, is mobilising as much as $177.6 million and is expected its operations in October.

Venture Capital: Digital Asset And Metaverse Giant Animoca In $100M Extension Raise Led By Temasek

August 30, 2022

Temasek, the Singapore state investor, is leading a $100 million investment round in Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 340 investments, and with a goal to advance digital property rights and contribute to building the open metaverse. Animoca intends to take advantage of the massive bear market in digital assets to scoop up assets, including tokens and other industry participants, on the cheap.

Venture Capital: Korean Agtech Tridge Nabs $37M Series D

August 29, 2022

Tridge, a Korean agtech which functions as a ‘transaction-bridge’ between parties in the food and agricultural sectors in the global marketplace, has raised $37 million in a Series D funding round which valued the company at $2.7 billion. The round was led by prominent South Korean investor DS Asset Management.

Venture Capital: Lunar Energy Raises $300M To “Remove The Use Of Fossil Fuels From Every Home”

August 29, 2022

Lunar Energy, a startup aiming to transform how we power our homes by building an ecosystem of all-electric products starting with a next-generation home battery system, announced its raise of $ 300 million over two rounds by Sunrun (NASDAQ: RUN), the leading American residential solar and battery storage provider, and South Korea’s SK Group (KRX: 034730).

Venture Capital: Landing, A Network Of Furnished Apartments For Rent, Raises $125M

August 26, 2022

Landing has successfully closed a $125 million series C raise comprising both equity and debt funding. Delta-v Capital led the round which also received participation from new and existing investors,including Greycroft and Foundry.

Venture Capital: Independent Mental Health Providers’ Network Alma Lands $130M

August 26, 2022

Alma, a membership-based network of independent mental health care providers, has closed a $130 million series D funding led by Thoma Bravo, a leading software investment firm, with participation from Cigna Ventures. Existing investors Insight Partners, Optum Ventures, Tusk Venture Partners, Primary Venture Partners, and Sound Ventures also participated.

Venture Capital: Celonis, Which Makes Software To Fix Processes, Raises $1B

August 25, 2022

Celonis, a software startup located in Munich and New York, raised an additional $1 billion in funding. A raise of $400 million, which was an extension of the Series D round, was led by the Qatar Investment Authority (QIA) and includes new blue-chip investors Activant Capital, a fund advised by Neuberger Berman, Alta Park Capital and Commonfund Capital.

Venture Capital: Indian Venture Debt Firm Alteria Capital To Raise $438M For Third Debt Fund

August 24, 2022

Internal documents reviewed by Reuters have revealed that Alteria Capital Advisors is in discussions with investors to raise up to 35 billion rupees ($438 million) for its third debt fund. The funding, according to a pitch deck, will have a dual structure comprising a primary debt fund and a secondary pool that will be deployed as working capital finance for startups.

Artificial Intelligence: Developer AI Platform Inworld Raises $50M For AI Driven Virtual Characters

August 23, 2022

Inworld is a developer platform for creating AI-driven virtual characters for gaming, metaverse, and business applications. It was founded by conversational AI pioneers Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs to enhance the social interactions in the immersive worlds of gaming, metaverses, entertainment, and brand experiences.

FinTech: Saudi-Based BNPL Firm Tamara Scores $100M Round

August 22, 2022

A report by Reuters says Tamara, a Saudi-based BNPL fintech, raised $100 million in a Series B round. Investors included Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. “We believe the region has a different situation today than globally. The region is thriving with high oil prices,” Chief Executive Abdulmajeed Alsukhan told Reuters. “We want to make sure our customers find the right products that suit them and find amazing deals.”