Venture Capital Icon

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.

Top Story

Venture Capital: Digital Temp Staffing Startup Jobandtalent Snags $500M Series E

December 1, 2021

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.

Read More...

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on Venture Capital

Venture Capital: CurrencyCloud Gets $80 Million From Top Notch Investors Including Visa

January 28, 2020

CurrencyCloud Gets $80 Million From Top Notch Investors Including Visa. London-based startup CurrencyCloud builds remittance APIs for money transfer businesses.
It’s software you are never likely to see. It works in the background when you make a money transfer across borders. CurrencyCloud builds these APIs (as the software is called), and more than 350 companies were using it as at end-2019.

Venture Capital: Three VC Exits To Look Out For In 2020

January 23, 2020

Will 2020 shake off the IPO blues induced by 2019’s triumvirate of Uber-Lyft-WeWork? Despite the occasional snafu, the IPO market is doing quite well, judging from the Renaissance IPO ETF, currently perched at an all-time high. “The strong 2020 performance of recent IPOs bodes well for the 2020 crop,” said Kathleen Smith of Renaissance Capital.
We, therefore, look forward to 2020’s crop of promising VC exits via IPOs (or sales).
Here are three.

Venture Capital: Fintech Accelerator Catalyst Fund Receives $15 Million From JPMorgan and UK Aid

January 22, 2020

Catalyst’s main agenda is to drive financial inclusion in emerging markets.
Boston-based fintech accelerator, Catalyst Fund, which specializes in emerging and frontier markets, is now armed with an additional $15 million, according to TechCrunch.

FinTech: Fundbox Hires Former Goldman Sachs Investment Banker as CFO

January 17, 2020

Fundbox, the fintech startup that finances SMEs, is planning a potential IPO. Fundbox has appointed Marten Abrahamsen as its CFO effective this January. Abrahamsen was previously a partner at The Chernin Group LLC, a Los-Angeles-based investment firm. Before that, he managed Coatue Management LLC’s investments in Grab Holdings Inc. and Jet.com Inc., an online retailer. He also worked as an investment banker at Goldman Sachs

Venture Capital: Northwestern Mutual’s VC Arm Makes Maiden Investment In a Female Founded Startup

January 16, 2020

Northwestern’s VC arm joined a $3.5 million funding round for U-Nest Inc., a California-based financial services mobile app.
U-Nest was founded by Ksenia Yudina, CFA, MBA. The U-Nest app facilitates saving for college and other educational expenses. It helps parents and families to find the right 529 college savings plan.

Venture Capital: New, Boston-Based VC Firm to Target Insurtech and Fintech

January 15, 2020

Boston-based Brewer Lane Ventures is a newly minted venture capital firm that launched January 9. Brewer Lane is founded by John Kim, who was previously President and Chief Investment Officer of New York Life Insurance Company. The firm will focus on investing in the rapidly growing insurtech (insurance+tech) and fintech (finance+tech) industries. Within these industries, it will target early-stage companies looking for Series A and B rounds of funding.

Venture Capital: Goodyear Launches New Venture Fund at CES 2020

January 14, 2020

Goodyear, one of the world’s largest tire companies, plans to advance the future of mobility with a $100 million venture capital fund. The company announced the fund, dubbed Goodyear Ventures, at Las Vegas, where it was participating in the 2020 Consumer Electronics Show.

CrunchBase: VC Deal Volume in 2019 Doesn’t Quite Match 2018

January 10, 2020

CrunchBase says that between 2010 and 2019, roughly $1.5 trillion spilled into VC deals. The bulk of that figure came from an acceleration of deal-making over the last few years, the report says. The report states that deals came in at $322 billion in 2018, with a huge uptick in late-stage investment. CrunchBase expects that 2019 VC deal-making will total $294.8 billion, which would be the second-largest figure on record.

Fintech: Bond Bot Creator Katana Labs, Incubated at ING, is Spun Off

January 9, 2020

ING announced Tuesday the spin-off of Katana Labs – an in-house start-up nurtured at its ING Lab incubator.
ING Ventures, the venture capital arm of ING, will invest £ 1.5 million along with other investors in a £ 3 million funding round that will take the startup forward in its life as an independent fintech. ING Ventures is a € 300 million venture fund that makes minority investments in early-stage companies having a strategic relevance to ING.

Digital Assets: The Insight Partners-Armis Deal Will Mint Millionaires by the Dozen

January 8, 2020

Venture Capital and private equity firm Insight Partners said Monday that it would acquire Israeli cybersecurity startup Armis at a valuation of $1.1 billion, said The Jerusalem Post.
Though Insight did not disclose the sale price, it will pay it in cash. Alphabet’s private equity arm, CapitalG, will participate for $100 million, while certain existing stockholders will rollover holdings.
The transaction is the biggest acquisition so far of an Israeli cybersecurity firm.

Venture Capital: AI+Fintech+SaaS Startup HighRadius Achieves Unicorn Status

January 8, 2020

AI+Fintech+SaaS Startup HighRadius Achieves Unicorn Status. HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based autonomous systems to help companies automate their Accounts Receivable and Treasury processes. It raised $125 million in a Series B growth funding round led by ICONIQ Capital. Existing investors Susquehanna Growth Equity and Citi Ventures also participated.

Venture Capital: Singapore VC Fund Scoops Up $250 Million

January 2, 2020

Founded in March 2018, EV Growth is a joint venture between East Ventures, SMDV, and Yahoo Japan Capital. The fund announced Monday the raising of an additional US$ 50 million in its first fund.
The fresh raising brings the VC fund’s subscription to its hard cap size of US$ 250 million.

Venture Capital: Octopus Sells Stake in Zynstra for £100 Million

December 30, 2019

Octopus Ventures, a VC firm based in London, has sold its stake in virtualization tech firm Zynstra. Reports state that the deal was worth £100 million and the buyer is NCR.

Venture Capital Firms Look for ClassPass to Hit $1 Billion Valuation

December 27, 2019

ClassPass could hit a $1 billion valuation, according to Reuters. A new report reveals that the fitness subscription app aims to raise another $285 million.

Venture Capital: Electric Vehicle Maker Rivian’s Monster Funding Round

December 26, 2019

Rivian just raised $1.3 billion from top-notch investors.
The humongous new raise, led by T Rowe Price, added $1.3 billion to Rivian’s coffers. It included existing investors Ford Motor and Amazon.com. BlackRock Inc also invested in the round, according to Fortune.
This raising follows on previous funding this year of $1.55 billion from Amazon ($700 million), Ford ($500 million), and Cox Automotive ($350 million).

FinTech: ZestMoney, the Loan Startup for India’s Credit-challenged, Raises $20 Million

December 23, 2019

ZestMoney, the Loan Startup for India’s Credit-challenged, Raises $20 Million from Goldman Sachs and others

Venture Capital: Despite Negative Publicity, VC is Alive and Well

December 18, 2019

Despite the negative publicity surrounding it in recent months, venture capital is quite well, thank you.
There was doom-and-gloom all around in the venture capital industry after the failed WeWork IPO and the fund-raising travails of Softbank’s second Vision Fund. But under the hood, VC is humming along rather nicely, says Dan Primack at Axios.

Artificial Intelligence: Gecko Robotics Scoops up $ 40 Million in Series B Funding

December 17, 2019

Gecko Robotics Scoops up $ 40 Million in Series B Funding. Gecko will use the money to develop industrial inspection robots.
Investors that plugged into Gecko Robotics’ $ 40 million series B funding included marquee names such as Peter Thiel’s Founders Fund, Y Combinator, and Next47. Also opening up their wallets were Mark Cuban, SoftBank senior managing partner Deep Nishar, and Gusto CEO Josh Reeves. Drive Capital led the raise.

Top-Flight Investors Back VC Firm Emphasising Diversity

December 11, 2019

A slew of high-profile investors backed Ada Ventures with $34 million. Ada Ventures will use the money to venture-finance UK-based tech entrepreneurs from under-represented groups.
Ada Ventures’ backers included TransferWise co-founder Taavet Hinrikus and later stage investment firm Atomico. Also investing were British Business Bank (the cornerstone investor), US-based Blue Sky Capital, Dubai-based Rasmala, and Silicon Valley law firm Wilson Sonsini.

Venture Capital: Proteus Digital Health the Latest Startup Struggling to Raise Cash

December 11, 2019

Proteus Digital Health is reportedly seeking a financial lifeline after it failed to extend a $100 million financing round.

VC Giant Sequoia Capital Raises $3.4 Billion for U.S. and China Investments

December 10, 2019

Venture capital giant Sequoia Capital has raised $3.4 billion for two new investment funds. The first fund will invest in late-stage companies in the United States. The second will invest in Chinese growth and venture investments, according to Form 4 filings with the SEC.  

Sequoia’s $3.4B Fund Raise: US-China Politics Take a Back Seat to Opportunity

December 4, 2019

Sequoia Capital has raised about $1 billion for late-stage U.S. investments and approximately $2.4 billion for venture and growth deals in China.
Sequoia Capital has usually taken the path less travelled when it comes to China. And been handsomely rewarded in the process.

Troubles in Start-Up Land? Postmates Shuts Mexico City Office; Lays Off Workers

December 4, 2019

Postmates’ actions in Mexico City do not sit well with its $ 225 million fund raise in September. Postmates Shuts Mexico City Office; Lays Off Workers
According to a report in the New York Times, Postmates is shutting down its Mexico operations to focus on the US market.

Embroker Releases 2019 State of Venture Capital Report for U.S. Startups

December 2, 2019

Embroker, a provider of insurance to venture-backed startups, has published “A Look Into VC Funding in 2019.” Its new report analyzes the venture capital (VC) middle market and successful startups under $1 billion.