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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.

Top Story

Artificial Intelligence: Rossum, The Document AI Company, Raises $100M

October 22, 2021

Rossum offers an end-to-end AI document processing solution that combines its cognitive data capture platform with a full suite of integration capabilities to automate document-based communications between diverse businesses. The startup announced this week its $100 million Series A raise from General Catalyst with participation by existing investors including LocalGlobe, Seedcamp, Miton and Elad Gil.

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More Stories on Venture Capital

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Venture capital funding in healthcare AI pops in Q2

August 9, 2019

Venture capital funding continues to rise in the healthcare artificial intelligence space A new report from CB Insight shows that venture capital investment surged in startups for healthcare artificial and mental health and wellness. Funding for both sectors hit new records in the second quarter. During the first half of the year, investment in healthcare companies…

“Venture Capital” Investor Tanmaya Kabra Busted for Alleged Ponzi Scheme

August 8, 2019

Prosecutors say a 25-year-old he used investors’ money to buy a boat and pay off credit cards. Tanmaya Kabra told clients he was a Venture Capital investor and serial entrepreneur. He ran a company called Launchbyte.IO that – on the surface – invested in tech startups as venture capital funds do. Kabra allegedly told investors…

eFront: VC return multiples touch record high in Q4 2018

July 24, 2019

According to eFront’s latest Quarterly Private Equity Performance Returns report, 2018 was a landmark year for VC performance. A favourable exit environment enabled VC funds to cash out in shorter time frames with high returns and low risk.

Former professional cyclist Lance Armstrong in new avatar as venture capitalist

July 16, 2019

Lance Armstrong, along with California-resident Canadian Lionel Conacher, has embarked on a career as a venture capitalist through their firm Next Ventures LP.
Next Ventures is headquartered in Austin, Texas, where Armstrong, presently a resident of Aspen, Colorado, still has business ties.
Next raises $24.5 million

Ontario Teachers’ goes high-tech with investment in Elon Musk’s SpaceX

July 10, 2019

Ontario Teachers’ Pension Plan eyes growth in satellite-based broadband
The Teachers’ Innovation Platform, a part of the Ontario Teachers’ Pension Plan, will invest an undisclosed amount in SpaceX, the rocket company founded by Elon Musk.

China Venture Capital

The Chinese Venture Capital market hits a roadblock

July 8, 2019

After a five-year run of growth, VC investments have tumbled
During the second quarter of 2019, venture capital deals in China fell 77% to US$9.4 billion.
This is the first time in five years that venture capital investment has trended lower in China.

Sony breaks with tradition, ties up with Daiwa Securities to launch VC fund

July 3, 2019

In the tech world, sectors such as robotics, AI, and fintech are growing at a blistering pace.
How does a manufacturer, such as Sony, keep tabs on these emerging technologies? At stake is the risk of disruption and survival of its own current businesses, as well as the prospect of huge gains from backing the ‘next thing’ at the right time.
Sony found a way – find a deep-pocketed financial partner such as Daiwa Securities and create a venture capital (VC) fund.

Panacea Venture Healthcare Fund

Panacea and Atlantic-Pacific Close Oversubscribed Healthcare Fund

June 24, 2019

The Panacea Venture Healthcare Fund I, which targeted $150 million, succeeded in mobilizing $180.5 million from a host of global institutional investors, including endowments, foundations, sovereign wealth funds, pension programs, consultants, fund-of-funds, asset managers and family offices.

Venture Capital: Dexai Robotics Raises $5.5M To Develop Alfred, an Aspiring Robotic Chef

March 9, 2000

Dexai Robotics addresses the labor shortage in the restaurant industry by developing AI-powered robotics for commercial kitchens. It raised $5.5 million in a seed round led by Hyperplane Venture Capital.
New investors in the startup included Rho Capital, Harlem Capital, Contour Venture Partners, and NextView Ventures.