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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Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family offices, and institutional investors across Europe, with support from existing partners like Bpifrance and new backers such as mutual insurer Carac and the European Investment Fund.
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More Stories on Venture Capital
Venture Capital: Cross River Bank Raises $620M Financing
Cross River Bank announced today the raise of a $620 million financing led by Eldridge and Andreessen Horowitz, with participation from funds and accounts advised by T. Rowe Price Investment Management, Inc., Whale Rock and Hanaco Ventures. Cross River currently powers lending and payments for over 80 leading technology partners including Affirm, Best Egg, Checkout.com, Coinbase, Divvy, Freedom Financial, Pay.com, Rocket Loans, Stripe, Trustly, Upgrade and Upstart.
Venture Capital: Austin-Based Next Coast Ventures Raises $310M
Next Coast Ventures, the Austin-based venture capital firm, announced the closure of a $310 million raise across three different funds to invest in founders in the “Next Coast” technology hubs. The raise brings the firm’s assets under management to more than $520 million.
Venture Capital: Katie Haun Raises $1.5B, Sets New Record For Initial Fund By Female Founder
Haun Ventures, a venture firm established by Katie Haun, who previously was at Andreessen Horowitz, has raised a $1.5 billion war chest to deploy in web3-facing startups. Haun announced the fund will invest through two platforms: a $500 million early stage fund and a $1 billion acceleration fund.
Venture Capital: Yuga Labs, Which Created The Bored Ape Yacht Club, Reels In $450M Seed Funding
Yuga Labs raised $450 million in a monster seed round led by led by a16z crypto, with participation from Animoca Brands and its subsidiary The Sandbox, LionTree, Sound Ventures, Thrive Capital, and crypto leaders like FTX and MoonPay, and other partners and collaborators. Yuga is the owner of the Bored Ape Yacht Club, a collection of NFTs that has grabbed the internet’s attention and could well become a big brand.
Venture Capital: Corporate Card And Expense Management Platform Jeeves Raises $180M
Jeeves, the company operating a global expense management platform and an issuer of corporate cards, raised $180 million in a Series C round led by Tencent (HKG: 0700) with participation from GIC, Stanford University, Andreessen Horowitz (a16z), CRV, Silicon Valley Bank, FT Partners, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels, Spike Ventures, the family offices of two FAANG founders, and Carlo Enrico, president of Latin America and the Caribbean for Mastercard.
Venture Capital: Finance Automation Platform Ramp Raises $750M In Equity And Debt Funding
Ramp is a finance automation platform and the first corporate card designed to help businesses control spending. The company announced today $750 million in new financing, bringing its valuation to $8.1 billion.
Venture Capital: Job Search Platform Talent.com Raises $120M
Talent.com, which is building a next-generation job search site, announced Wednesday its successful US$120 million Series B funding round led by Inovia Capital, with the participation of existing investor Caisse de dépôt et placement du Québec (CDPQ), and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners. The company also raised US$30 million in new debt financing from the Technology & Innovation Banking Group at BMO Financial Group.
Venture Capital: Crypto Software Company ConsenSys Raises $450M
Ethereum and Web3 focused software developer ConsenSys has raised $450 million in a Series D round led by ParaFi Capital with participation by Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Investors from Series C — Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund — also participated.
Venture Capital: Plantish Raises $12.5M For Its Ultra-Real, Plant-Based Salmon Fillet
Israeli alternative sea-food company Plantish has raised $12.45 million for its world-first, vegan, whole cut salmon fillet made using plant proteins. In addition to its realistic aesthetics that mimic real salmon, the product replicates the taste, texture, and nutrition of the fish, despite using all plant-based ingredients.
Venture Capital: TPG Rise Climate Invests In A Renewable Natural Gas JV
TPG Rise Climate comes on board Monarch Bioenergy, a joint venture between Roeslein Alternative Energy and Smithfield Foods as an equal partner with an undisclosed investment. Monarch uses Roeslein’s technology and Smithfield’s farming practices to convert methane emissions from animal farming into renewable natural gas (RNG) that can power homes, businesses and cars.
Venture Capital: Getir, The Turkish Startup Promising Groceries In Minutes, To Raise $800M
After bagging a $250 million check from lead investor Mubadala Investment Co., Turkish speedy-delivery startup Getir is eyeing a total haul of about $800 million as investors including Rick Gerson’s firm Alpha Wave Global (previously known as Falcon Edge Capital), Abu Dhabi’s state holding company ADQ, Sequoia and Tiger Global pile in with funds.
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
Chinese AI company Parametrix.ai 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.
Venture Capital: Honasa Consumer Raises Sequoia-Led $37M Series F
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
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
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
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
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
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
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
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
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
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
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
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.