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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: SpaceX Is “Mission Control” For Space Economy; Long-Term Value $100B

October 23, 2020

Analysts at Morgan Stanley (NYSE: MS) on Thursday doubled their estimated value of SpaceX, Elon Musk’s startup focused on launch rockets, satellite broadband, and (in the future) point-to-point space travel. Significant events since the last evaluation in July led the analysts to revise their long term estimate to $100 billion.

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More Stories on Venture Capital

Venture Capital: T-Mobile Ventures Launches To Fund 5G Startups

October 22, 2020

T-Mobile Ventures is a venture capital fund floated by T-Mobile (NASDAQ: TMUS) to focus on early-to-mid stage startups using 5G technology for developing core technologies, products, and services around the areas of edge computing, future of work, security, and industrial IoT.

Venture Capital: Kalanick, of Uber Fame, Buys $130M of Real Estate For CloudKitchens Startup

October 21, 2020

You could call it providential timing, but Kalanick’s CloudKitchens startup received a huge boost from the Covid-19 pandemic. With restaurants out of business, or temporarily shuttered, shelter in place diners had no choice but to order food for home delivery. Ghost kitchens, which let out space for cooking to food-for-delivery businesses, particularly in cities such as Los Angeles, San Francisco, and New York, suddenly witnessed a surge in business.

Venture Capital: Apple Invites Applications From Black Founders and Developers For Its Entrepreneur Camp

October 20, 2020

In a notice on Monday, Apple (NASDAQ: AAPL) said applications were open from Black founders and developers for its Apple Entrepreneur Camp to be held online from February 16-25, 2021.

Venture Capital: Venture Capitalists Enjoy Solid Response To New Funds

October 19, 2020

Former executives-turned-venture capitalists are doing rather well, thank you. Lee Fixel, previously of Tiger Global Management, has just wrapped up a $1.4 billion fund, close on the heels of his first fund which closed less than four months ago. (FT) That fund was a monumental success too and nabbed $1.3 billion in June for Addition, Fixel’s VC vehicle.

Venture Capital: Whisper gets $50M For Its AI-Powered Hearing Aids

October 16, 2020

San Francisco-based Whisper, which launched in 2017, announced Thursday its Whisper Hearing System. The company simultaneously announced the successful close of its $ 35 million Series B which was led by Quiet Capital and received participation from Sequoia Capital, First Round Capital, and IVP.

Venture Capital: Driscoll’s, Of Strawberries Fame, And SoftBank Invest In Vertical Farmer Plenty

October 15, 2020

Plenty builds indoor vertical farms that create the optimum environment for food plants and reduce the vagaries from changing weather and climate conditions. The startup announced Wednesday its Series D raise of $140 million led by existing investor Softbank Vision Fund 1 and including new investor Driscoll’s, the world’s leader in fresh berries.

Venture Capital: Razorpay Is India’s Latest Unicorn

October 14, 2020

Razorpay, which enables businesses in India to accept, process, and disburse payments with its product suite, has achieved the hallowed unicorn status. The fintech raised $100 million in a Series D funding round led by Singapore sovereign wealth fund GIC and Sequoia with participation from previous investors Ribbit Capital, Tiger Global, Y-Combinator, and Matrix Partners.

Venture Capital: SoftBank’s Vision Fund Planning A SPAC

October 13, 2020

SoftBank Vision Fund chief Rajeev Misra said during the 2020 Milken Institute Global Conference on Monday that the Fund is planning a special purpose acquisition company (SPAC). SPACs are the latest craze in the stock market, and 80 of them have raised more than $32 billion in the third quarter of 2020. That amount is up 4X from the second quarter. According to CNBC, the Vision Fund’s plans around its SPAC are likely to firm up in the next two weeks.

Venture Capital: Ynsect, Which Farms Insects, Snags $372M

October 12, 2020

Ÿnsect is a start-up based in France that farms insects for use as feed for aquaculture and pets, as well as a fertilizer for crops. It is building the world’s largest insect farm in northern France where it will grow mealworms and produce proteins. It raised $ 224 million in its Series C round which culminated with a total of $ 372 million.

FinTech: U.K. Digital Lender Molo Raises £266M As The Pandemic Boosts Demand

October 12, 2020

Digital lender Molo, which focuses on buy-to-let purchases or remortgages only, raised £ 266 million to cater to a sharp rise in mortgage applications since the onset of the coronavirus pandemic.

Venture Capital: Instant Needs Platform goPuff Raises $380M At $3.9B Valuation

October 9, 2020

goPuff, the startup that brings the convenience store to your home, announced Thursday its latest funding round worth $ 350 million led by Accel and D1 Capital Partners. The round helped the everyday fulfillment company garner a valuation of $3.9 billion and included participation by Luxor Capital and previous investor SoftBank Vision Fund.

Venture Capital: E.ON’s Energy-Focused VC Fund Launches With €250M

October 8, 2020

E.ON, the Germany-based, international, privately owned energy supplier, announced October 8 the launch of Future Energy Ventures, its venture capital arm. The fund will invest in energy focused startups employing digital technology or business models that could “redefine the energy landscape.

Venture Capital: Salesforce Ventures Launches $100M Impact Fund (II) For Cloud Startups

October 7, 2020

Salesforce Ventures, the global strategic investment arm of Salesforce (NYSE: CRM), announced Tuesday the launch of its second Impact Fund worth $ 100 Million. The fund will invest in cloud companies that have a positive social mission in education, climate action, diversity, equity, and inclusion, or support for nonprofits and foundations.

Venture Capital: Crowdfunding Peers Crowdcube And Seedrs To Merge

October 6, 2020

Crowdcube and Seedrs, the competing leaders in the UK crowdfunding market, have joined forces.

Venture Capital: Leading Logistics Investor Greenbriar Commits $500M To Uber Freight

October 5, 2020

New York-based Greenbriar Equity Group, a top-tier investor in logistics businesses, will invest $500 million in a Series A preferred stock financing for Uber Freight, the logistics arm of Uber. The transaction valued Uber Freight at $3.3 billion, post-money.

Alternative Investments/VC: The Defiance SPAC ETF Starts Trading

October 2, 2020

Defiance ETFs announced today the trading launch of the very first SPAC (Special Purpose Acquisition Company)-focused ETF. Its Defiance Next Gen SPAC Derived ETF (NYSE: SPAK) begins trading today. The ETF will provide investors exposure to previously private companies that obtained listing by combining with a SPAC. The ETF will also invest in SPACS that are still holding cash pending an acquisition or merger.

Venture Capital: Online, U.K.-Based, Used Car Marketplace Cazoo Raises $310M

October 2, 2020

Cazoo, the UK-based online marketplace for used cars, announced Thursday that it had raised £ 240 million ($ 310 million) in its latest funding round from an “all-star line-up of leading investors.”

Venture Capital: E-Commerce Specialist VTEX Snags $225M At $1.7B Valuation

October 1, 2020

Riding a pandemic-induced surge in its business, ecommerce platform VTEX achieved unicorn status with a $225 million Series D round. The round comes within less than a year of its previous, Softbank-led $140 million round last November.

Venture Capital: SoftBank’s Vision Fund 2 Leads $319M Funding In XtalPi

September 30, 2020

American-Chinese biotech XtalPi, an AI-based drug discovery company, is known for its Intelligent Digital Drug Discovery and Development (ID4) platform. The platform uses quantum physics, artificial intelligence, and high-performance cloud computing algorithms for predictions in drug discovery and development.

FinTech: Blank Check Company Raises $230M In SPAC IPO

September 30, 2020

Fintech Acquisition Corp. IV (NASDAQ: FTIVU) began trading on the Nasdaq from September 25 after completing its IPO. It issued 23,000,000 units at $10.00 per unit, including 3,000,000 units issued under the underwriters’ over-allotment option.

Venture Capital: Mosa Meat’s Slaughter-Free Hamburger

September 29, 2020

Alternative meat startup Mosa Meat, which harvests beef directly from cow cells, rather than raising and slaughtering a whole animal, announced its Series B fundraising of $ 55 million. The amount was a first closing – part of a larger series B funding round.
Led by Luxembourg-based Blue Horizon Ventures, the round was joined by Bell Food Group, M Ventures, and others.

Venture Capital: GGV Capital Raising $2B Warchest For Three New Funds

September 28, 2020

GGV Capital, a leading U.S. based venture capital firm, is raising $2 billion for three funds that will invest in tech startups and growth companies in the U.S. and China.

Venture Capital: Greenlight Financial’s Series C Earns It $215M And Unicorn Badge

September 25, 2020

Greenlight’s mission to help kids save and spend smart with its debit cards received a $215 million boost Thursday via its Series C funding. Led by Canapi Ventures and TTV Capital, the round also received participation from new investors BOND, DST Global, Goodwater Capital, and Fin VC. Greenlight also welcomed aboard Relay Ventures as its first institutional investor.

Venture Capital: Sneaker-Focused, Online Platform Goat Grabs $100M

September 24, 2020

Goat Group, which specializes in selling sneakers on its Goat.com online marketplace, announced Wednesday its raise of $100 million in a Series E funding round from D1 Capital Partners. The round valued Goat at $1.75 billion. The startup, therefore, turned unicorn, having previously been valued at $550 million. Goat Group operates the GOAT, Flight Club, and alias brands.