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
Digital Assets: Ledn Lands $70M For World’s First Bitcoin-Backed Mortgage Product
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
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
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
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
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
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
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
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
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
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
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
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.
Venture Capital: Urban Clean Energy Startup BlocPower Gets $5.5M From The Bezos Earth Fund
BlocPower, a Brooklyn-based energy technology startup focused on decarbonization of buildings and cities, received a $5.5 million grant from the Bezos Earth Fund. The amount was part of new donations of $443 million that the Fund disbursed to various climate and environmental groups this week.
Venture Capital: Loft Orbital, A Provider Of “Space-Infrastructure-As-A-Service,” Raises $140M
Space infrastructure startup Loft Orbital flies customers’ payloads into space aboard its regularly scheduled satellites missions, and as well, handles the entire mission as a service for the customer. It raised $140 million in a funding round led by BlackRock (NYSE: BLK).
Venture Capital: Genesys Closes $580M Round Led By SalesForce Ventures
Call center and customer experience software provider Genesys Cloud Services announced Monday its close of a $580 million round led by Salesforce Ventures with participation by ServiceNow Ventures, Zoom Video Communications Inc., BlackRock, D1 Capital Partners and an unnamed West Coast-based large mutual fund manager.
Venture Capital: Investing Platform Public.com Now Has Tennis Star Maria Sharapova On Board
Former tennis star Maria Sharapova has picked up an undisclosed stake in Public.com, an investing platform that has more than 1 million users, 90% of which are first time investors. In a nod towards promoting financial literacy, Sharapova said she appreciated how Public broke down the category into simple, educational, user-friendly steps to make investing less intimidating, and helped users take control of their finances more confidently.
FinTech: LatAm BNPL Provider Kueski Nabs $202M Series C Round
Kueski is one of the largest buy-now-pay-later (BNPL) and digital lenders in Latin America. It announced December 2 its close of a $202 million Series C debt and equity round. The equity round was led by StepStone Group and the debt financing was led by Victory Park Capital.
Venture Capital: 15-Minute Delivery Startup JOKR Raises $260M Series B
New York-based instant grocery delivery startup JOKR has become a unicorn within nine months of its launch and raised a $260 million Series B within five months of raising $170 million via Series A in July. The latest round included existing investors GGV Capital, Balderton and Tiger Global. New joiners included Activant Capital, Greycroft, G-Squared, HV Capital, Kaszek, Mirae Asset, Monashees and Moving Capital.
Venture Capital: Porsche Buys A Stake In Sustainable Homes-Focused Startup 1KOMMA5°
Porsche, the German car maker, has taken a stake in Hamburg-based startup 1KOMMA5° through its venture finance arm, Porsche Ventures. The startup seeks to boost the rollout of presently decentralized technologies related to renewable energy and mobility for homes by knitting together electrical installation entrepreneurs and companies onto a networking platform. 1KOMMA5° will also support them with technology for digitizing their business and centralization of admin tasks, as well as provide growth capital.
Venture Capital: Commonwealth Fusion Systems Raises $1.8B To Build The SPARC Net Energy Fusion Machine
Commonwealth Fusion Systems (CFS), the Cambridge-based startup developing fusion power plants to meet global decarbonization goals, has closed a $1.8 billion Series B round led by Tiger Global Management and included new investors such as Bill Gates, John Doerr, Google, and Marc Benioff’s TIME Ventures.
Venture Capital: Digital Temp Staffing Startup Jobandtalent Snags $500M Series E
Madrid-based temp staffing marketplace Jobandtalent announced the closure of its Series E raise of $500 million at a valuation of $2.35 billion from Kinnevik and SoftBank Vision Fund 2. Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round. The company uses technology to match workers with temporary openings at employers in industries including logistics, e-commerce, warehousing, and manufacturing. Workers can apply for and manage roles, submit paperwork, sign contracts, and get paid, all inside the Jobandtalent app.
Venture Capital: European VC Fund Partech Closes $750M Second Growth Fund
Partech, which invests its venture capital in tech and digital companies at all stages in Europe, North America, Africa and Asia, announced today the close of its second fund at $750 million, well above its target size. The VC firm plans to invest the money in 12 -15 European scale-ups with an average check size of between €20 to €70 million ($23 million to $80 million).
Venture Capital: Indian Fantasy Gaming Group Dream Sports Raises $840M
Dream Sports announced last week its raise of $840 million from investors led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global, with the transaction valuing the startup at $8 billion. Existing investors including TPG and Footpath Ventures also participated in the funding.
Venture Capital: Agtech And Farmer-To-Farmer Platform FBN Raises $300M
Farmers Business Network (FBN) is a farmer-to-farmer network launched in 2014 as an information source and for sharing of agronomic precision data. It now has thousands of farmer-members managing millions of acres of land across the world. FBN announced last week its $300 million Series G funding led by Fidelity Management & Research Company LLC with participation from LN Mittal Family Office, ADM Ventures Investment Corp., Colle Capital Partners, Walleye Capital, and Tudor Investment Corporation.