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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: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn

January 4, 2022

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation was not disclosed, Parametrix has joined the hallowed unicorn club (>$1 billion) after the funding.


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More Stories on Venture Capital

Venture Capital: Honasa Consumer Raises Sequoia-Led $37M Series F

January 3, 2022

Honasa Consumer has become the 45th startup to achieve unicorn status this year, when it raised a $37 million Series F round led by venture capital firm Sequoia Capital. The round also had participation by Belgium-based investment fund Sofina Ventures and the UAE-based India-focused fund Evolvence Capital. Honasa (from Honest/Natural/Safe) operates the brand Mamaearth. The brand is endorsed by celebrities from Bollywood. Its other brands include The Derma Co and House of Brands.

FinTech: Tencent Backs Monzo’s Latest Funding Round, Buys Undisclosed Stake

January 3, 2022

Monzo, the fast-growing digital challenger bank in the UK, has roped in Tencent Holdings (HKG: 0700) as an investor in its $600 million funding round that had its first close earlier this month. Existing investors Accel and General Catalyst participated in that round, which valued Monzo at $4.5 billion.

Venture Capital: Vertical Farming Startup Jungle Starts Cultivating Perfume Plants

December 30, 2021

French vertical farming startup Jungle has partnered with Firmenich for growing plants that are vital as ingredients for the European perfume industry. Firmenich is a Swiss fragrance house that has produced scents for over 125 years, including the renowned Jean Paul Gaultier Scandal and Calvin Klein’s CK Everyone.

Venture Capital: Swedish Battery Maker Northvolt Rolls Out Its Inaugural Li-Ion Cell

December 29, 2021

On December 28, the first lithium-ion cell to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company marked Northvolt Ett’s commencement of production at its Skellefteå facility in northern Sweden. The company is a rival to Tesla’s (NASDAQ: TSLA) battery division.

Reputation And Trust Platform MetaMap Raises $70M Series B

December 28, 2021

MetaMap, a company that allows entrepreneurs to engage with customers and talent on the basis of “merits,” announced the close of $70 million Series B funding round led by Tribe Capital, with participation from Craft Ventures, Alameda Research and Titan Capital, as well as angel investors including Jerry Murdock of Insight Partners.

Venture Capital: Chinese Venture Capital Firm Eastern Bell Capital Hauls In US$2B For Two New Funds

December 28, 2021

Eastern Bell Capital, a Chinese VC firm, announced the raise of more than 13 billion yuan (US$2.04 billion) in its latest funding round through its yuan-denominated RMB Fund VI and dollar denominated USD Fund II. The company said the round represented one of the largest raises among Chinese VCs this year. Post this latest raise, Eastern Bell has 27 billion yuan (US$ 4.2 billion) of assets under management.

Venture Capital: iCapital Network Raises $50M At More Than $6B Valuation

December 27, 2021

iCapital Network, an alternative investment platform having platform assets of over $104 billion, announced its close of a $50 million funding round led by PE firm WestCap. Venture capital firms Apollo Global Management and Temasek also participated in the funding.

Venture Capital: Israel’s Future Meat Raises $347M To Build US Facility

December 23, 2021

In what is claimed to be the largest investment round for a cultured meat startup till date, Israel-based Future Meat announced the close of its $347 million Series B round co-led by ADM Ventures, the venture investing arm of ADM (NYSE: ADM), the Menora Mivtachim pension and insurance fund which manages over $85 billion in assets, and S2G Ventures.

Venture Capital: Nicola and Andrew Forrest’s Minderoo Foundation Launches $100M Strategic Impact Fund

December 22, 2021

The Strategic Impact Fund is entirely women-led. The $100 million Strategic Impact Fund by Minderoo Foundation, owned by Nicola and Andrew Forrest, will invest in ‘impact’ projects that address issues such as gender inequality, ending modern slavery, and freeing the oceans of plastic and making them more sustainable. The fund’s investing aims to have a…

FinTech: Indian Fintech Razorpay Offers Instant Settlements To Amazon Sellers

December 21, 2021

Razorpay, the fast-growing Indian fintech, announced Razorpay Instant Settlements, a facility designed to ease working capital woes for Amazon (NASDAQ: AMZN) sellers by paying out digital settlements within 10 seconds at any time of the day, even holidays.

Venture Capital: Stenon, Which Is Out To Disrupt Labs For Soil Testing, Nabs $20M

December 21, 2021

Stenon, a German agtech that is providing laboratory independent real-time soil analysis, has raised a $20 million Series A round from Founders Fund, David Friedberg’s The Production Board and existing investors including Cherry Ventures and Atlantic Labs.

Venture Capital: Indian Used Car Platform CARS24 Nabs $450M

December 20, 2021

Within a space of just three months, Indian used cars platform and market leader CARS24 has nearly doubled its valuation from $1.84 billion to $3.3 billion with its latest Series G funding round comprising $300 million of equity and $100 million of debt. The equity round was led by Alpha Wave Global. The $100M debt came from diversified financial institutions in the UAE, India, and Australia.

Digital Assets: Ledn Lands $70M For World’s First Bitcoin-Backed Mortgage Product

December 17, 2021

Global digital asset savings and credit platform Ledn announced a $70 million Series B funding round led by 10T Holdings and joined by new investors Golden Tree Asset Management, Raptor Group and FJ Labs. The company also announced its new bitcoin-backed mortgage product, the first product of its kind that will enable Ledn clients to use their bitcoin (BTC) holdings to purchase a property while continuing to benefit from potential price appreciation of both assets.

Venture Capital: Big Ticket Funding Rounds Of Note

December 17, 2021

From instant grocery deliveries to weight care management, investors shelled out hundreds of millions of dollars in funding rounds.

Venture Capital: European Vertical Farming Startup Infarm Raises $200M, Including From The Qatar Wealth Fund

December 16, 2021

Infarm’s vertical farming technology uses 95% less water, 90% less transport and zero chemical pesticide. Infarm, the fast-growing Dutch vertical farming startup, raised a $200 million Series D round that launched it into ‘unicorn’ status. The Qatar Investment Authority, Partners in Equity, Hanaco, Atomico, Lightrock, and Bonnier and other existing and new investors participated in…

Venture Capital: Norwest Venture Closes On $3B Fund NVP XVI

December 15, 2021

Norwest Venture Partners, the Silicon Valley-based VC firm, closed on Norwest Venture Partners XVI, LP, a $3 billion fund to finance “paradigm-shifting” business across the consumer, enterprise and healthcare sectors. The announcement of the new fund, its biggest so far, coincided with the firm’s introduction of an ESG policy in parallel with its commitment to diversity, equity and inclusion.

Digital Assets: Institutional Digital Asset Platform Anchorage Lands $350M In KKR-Led Round

December 15, 2021

Anchorage Digital, the institution-focused digital asset company that offers custody, secure trading, financing, staking, and governance, announced today its $350 million Series D funding round led by global investment firm KKR that valued the company at over $3 billion.

Artificial Intelligence: Signal AI, Which Sifts Through The Web For Data Insights, Raises $50M

December 15, 2021

Signal AI specializes in delivering knowledge to decision makers that can help them understand the risks and opportunities associated with their business. Signal AI’s decision augmentation solution is able to understand the unique decision context; its AIQ component identifies and maps relationships between the companies, people, products, and topics that matter to the decision makers.

Venture Capital: Jack & Annie’s Raises $23M For “Meat” From The Jackfruit Plant

December 14, 2021

Annie Ryu discovered the jackfruit and its meat substitute potential while working in India as a pre-med student in 2011. She has since succeeded in building Jack & Annie’s into a leading vegan frozen food brand that just announced its $23 million Series B funding round led by Creadev, Desert Bloom, Wheatsheaf, and existing investors Beta Angeles and Investco.

Venture Capital: Fix-Now-Pay-Later Platform Bumper Snags $12M

December 13, 2021

London-based, car repair funding platform Bumper has raised $12 million in a Series A round led by Autotech Ventures and which included participation by Porsche Ventures, Jaguar Land Rover’s InMotion Ventures fund, and a host of angel investors. The round brought Bumper’s total funding till date to $17.5 million.

Venture Capital: Rapid Grocery Delivery Startup Flink Raises $750M

December 10, 2021

Flink, the grocery 10-minute delivery startup operating out of Berlin and serving 10 million customers in more than 60 cities, has closed a $750 million Series B round led by DoorDash (NYSE: DASH). The lion’s share of the funding will be used to continue the startup’s growth, with a small portion earmarked for strategic acquisitions.

FinTech: Mambu Scores Largest Private Fundraise For A Banking Platform

December 10, 2021

Mambu is valued at more than $5.3 billion after $266 million Series E raise. SaaS banking platform Mambu raised €235 million (about $266 million) in a Series E round led by EQT Growth that valued the company at €4.9 billion post money (~$5.3 billion). The funding marked the largest ever financing round for a banking…

Venture Capital: Israeli Fintech Tipalti (“I Handled It”) Nabs $270M At $8.3B Valuation

December 9, 2021

Tipalti, an Israeli startup that automates accounts payables and processes over $30 billion in total annual payments volume, announced a $270 million Series F funding led by G Squared. New investors Marshall Wace and funds and accounts managed by Counterpoint Global (Morgan Stanley), in addition to current investors Zeev Ventures, Durable Capital Partners, 01 Advisors and others also participated in the funding.

FinTech: Digital Neo Bank Monzo Is Closing On A $500M Raise At $4.5B Valuation

December 9, 2021

British digital bank Monzo has turned around its fortunes this year after a surge in the number of new customers took its user base to 5 million and doubled its revenues this year. The bank has pivoted from a situation in 2020 when its auditors expressed doubts over its ability to continue operating as a going concern. The Financial Times reported Wednesday that Monzo is in the midst of closing a $500 million funding round at a valuation of $4.5 billion – a far cry from February, when it was valued at £1.25 billion.