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: At One Ventures Scores $375M For Second Climate Tech Fund
One Ventures, the climate tech venture capital firm founded by Tom Chi, a founding member of Google X, has successfully closed its second fund, raising a substantial US$375 million. Much like its inaugural fund, Fund II is dedicated to supporting early-stage startups with innovative technologies aimed at enhancing the health of the planet. These technologies are poised to address some of the most environmentally damaging industries, including construction, energy, transportation, and agriculture.
Venture Capital: Anthropic Is Pedal To The Metal On Funding – Eyes $2B From Google, Hot Valuation
Anthropic, a significant player in the generative artificial intelligence sector, continues its quest for substantial investments, despite already securing substantial funding. The company is currently in discussions with potential investors, including tech giant Google (NASDAQ: GOOGL), in pursuit of a new $2 billion funding round. This follows Amazon’s (NASDAQ: AMZN) recent commitment to invest up to $4 billion in Anthropic.
Venture Capital: AI Clearing Raises $14M For AI-Powered Construction Monitoring
AI Clearing, an AI-powered construction progress tracking and quality control platform, has secured a significant $14 million in Series A funding. Prudence led the funding round, with participation from FJ Labs, Tera Ventures, Inovo, and Innovation Nest.
FinTech: Visa’s Venture Arm To Spearhead $100M Generative AI Initiative
Visa (NYSE: V), a prominent player in the realm of payments, has unveiled an ambitious initiative with a commitment of $100 million to ventures in Generative AI. It would involve significant investments in the upcoming wave of companies dedicated to advancing generative AI technologies and their applications. The overarching goal is to shape the future of commerce and payments through groundbreaking innovations.
Venture Capital: Federal Court Halts Support To Black Female Founders By VC Firm Fearless Fund
A federal appellate panel from the U.S. Court of Appeals for the 11th Circuit has issued a temporary injunction preventing an Atlanta-based venture fund from granting $20,000 awards exclusively to Black female entrepreneurs. They argued that this program exhibited “racial exclusion” and might violate federal anti-discrimination laws in contracting.
Venture Capital: Mercury’s Fund V Mops Up $160M For US Startups “Between The Coasts”
Mercury Fund, the premier early-stage venture firm with a focus on non-coastal tech hubs, has successfully closed its largest fund to date, Mercury Fund V, with a total capital commitment of $160 million. This achievement exceeded the initial target of $150 million, showcasing the strong support from both existing and new investors, which include university endowments, foundations, and family offices primarily based in the central U.S. region.
Venture Capital: Slope, A B2B Solutions Provider Backed By Sam Altman, Scores $30M Funding
Slope, a two-year-old AI startup based in San Francisco, has secured a substantial $30 million equity round led by Union Square Ventures and featuring participation from OpenAI’s CEO, Sam Altman. This brings the startup’s total funding to an impressive $187 million.
Venture Capital: Industry Ventures Closes On $1.7B In Commitments For Two Funds
Industry Ventures has successfully raised over $1.7 billion in two new funds aimed at assisting venture capital investors in achieving liquidity. The first fund, Industry Ventures Secondary X, has attracted over $1.45 billion in new commitments. The second, Industry Ventures Tech Buyout II, secured over $260 million in new capital commitments.
Venture Capital: Sierra Space Closer To Realizing Its Dream Chaser Spaceplane Ambitions With $300M Raise
Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corporation, is in the final stages of securing a funding round of nearly $300 million, which values the company at approximately $5 billion. Japanese investors, including MUFG, Kanematsu, and Tokio Marine, are leading this equity round, along with substantial participation from existing investors.
Venture Capital: NATO’s Multi-Sovereign Venture Fund To Match China’s Support To Defense Startups
NATO, with the backing of a €1 billion venture capital fund, is set to bolster the technological prowess of defense startups, aiming to enhance the military capabilities of the US-led alliance and counter competition from China. Launched last year, this innovation initiative addresses the funding gap faced by tech companies involved in military-related technologies. It comes at a time when concerns loom about Western startups lacking the financial support enjoyed by their Chinese counterparts.
Venture Capital: Top-Bracket VC Firm Dawn Capital Raises $700M For Tech Investing
Dawn Capital, a leading European investor in business software companies, has defied the current venture capital slump by successfully raising $700 million across two new funds. This achievement stands out because venture capital investment in tech startups has declined in recent times.
Venture Capital: GGV Capital To Split In Two Amidst Simmering Sino-US Tensions
Venture investment firm GGV Capital is undergoing a restructuring into two independent entities, one focusing on Asia and the other on the US, a move similar to Sequoia Capital’s recent three-way split. This realignment of the firm’s business aims to address the challenges posed by mounting geopolitical tensions between the US and China.
Venture Capital: HSBC Readies $1B Warchest For Funding ClimateTech Startups
HSBC (LON: HSBA) has made a significant commitment in the fight against climate change by pledging to provide $1 billion in financing to early-stage climate tech startups worldwide. This initiative aims to accelerate the development of innovative solutions in areas such as electric vehicle charging, battery storage, sustainable agriculture, and carbon removal technologies.
Venture Capital: Trailhead Capital Concludes Its First $50 Million Fund Focused On Companies In The Regenerative Food And Agriculture Sector
Trailhead Capital, a mission-driven venture capital firm based in Boulder, Colorado, has successfully closed its inaugural fund, the Trailhead Capital Regeneration Fund I, with commitments totaling approximately $50 million. This achievement highlights the strong investor confidence in Trailhead’s team and its focus on expanding regenerative agriculture practices and products through tech-enabled solutions.
Venture Capital: Indonesian Sustainable Farming Startup Koltiva Raises Seven-Figure Series A Funding Round
Koltiva, an Indonesia-based sustainable farming and supply chain traceability startup, has successfully secured a significant series A funding round, led by the reputable AC Ventures. This funding round also saw participation from Silverstrand Capital, Planet Rise, Development Finance Asia, Blue 7, and existing investor The Meloy Fund. Koltiva’s unique approach blends online and offline solutions to assist multinational companies and their suppliers in achieving traceability within their supply chains.
Venture Capital: Galvanize Closes On $1B+ Climate Innovation Fund
Galvanize Climate Solutions, a prominent global climate-focused investment firm, has successfully concluded its Innovation + Expansion Fund, raising more than $1 billion. This achievement marks a significant milestone in climate venture funding, attracting a diverse group of institutional investors, such as endowments, foundations, and family offices. The Fund’s primary goal is to invest in early- to growth-stage climate companies that play a crucial role in advancing decarbonization efforts. Beyond financial support, the Fund offers interdisciplinary resources to expedite the journey to commercial scalability.
FinTech: Optera Raises $12M For Its Carbon Management Services
Optera, a leader in ESG and carbon management software, has secured $12 million in Series A funding. Next Frontier Capital led the funding round, with participation from Blackhorn Ventures, Mucker Capital, Overture, Engage, Massive, SaaS Ventures, Valo Ventures, AngelList, and Stout Street Capital.
Venture Capital: Chimera Floats Lunate, An Alternative Assets Arm With AUM Of Over $50B
Chimera Investment, an Abu Dhabi-based private organization, has established an independent alternative investment company called Lunate, boasting over $50 billion in assets under management. Lunate will operate from the Abu Dhabi Global Market and will focus on various investment opportunities globally, including private equity, venture capital, private credit, real assets, public equities, and public credit markets.
Venture Capital: French Gigafactory Startup Verkor Secures More Than €2B ($2.15B) In Financing
Verkor, a leading player in the European battery manufacturing space, has secured an impressive €2 billion in financing to propel its ambitious plans. This substantial funding includes a minimum of €850 million from a Series C funding round, €600 million in debt support from the European Investment Bank, and approximately €650 million in French subsidies, pending European Commission approval.
Venture Capital: Biopharma Startup Mironid Extends Series A Round, Cumulatively Raising £35M
Mironid, a biopharmaceutical company headquartered in Glasgow, Scotland, is making significant strides in the development of innovative treatments for Autosomal Dominant Polycystic Kidney Disease (ADPKD), a life-threatening hereditary kidney condition. On September 13, 2023, the company announced an extension of its Series A financing round, securing an impressive total of £35 million in funding to date. This achievement is a testament to Mironid’s promising drug development strategy.
Venture Capital: Finland’s NordicNinja VC Launches US$214M Climate Fund
Helsinki-based venture capital firm NordicNinja has launched its second fund, totaling €200 million (US $214 million), with substantial backing from Japanese investors. The Japan Bank of International Cooperation (JBIC) is the cornerstone investor for NordicNinja Fund II, with additional support from European investors BaltCap and Swedbank pension funds, along with existing Japanese investors Honda and Omron.
Venture Capital: Gobi Partners Makes Strategic Investment In Malaysian E-Waste Recycler ERTH
Gobi Partners, an Asian venture capital firm, has invested in Electronic Recycling Through Heroes (ERTH), a Malaysian electronic waste (e-waste) recycling company. ERTH distinguishes itself with a unique approach—it not only manages responsible e-waste disposal but also rewards contributors with cash or vouchers, fostering a community-driven commitment to environmental preservation.
FinTech: Kedaara Capital Invests $229M In Indian B2B SaaS Fintech Perfios
Perfios, a prominent B2B SaaS fintech company in India, announced that Kedaara Capital, a leading private equity investor, is set to invest a substantial $229 million in the company through a combination of primary funding and a secondary sale. This marks one of the most substantial investments in an Indian B2B SaaS company for the year.
Venture Capital: Getir Raising $500M At A Heavily Truncated Valuation Of $2.5B
Getir, the Turkish-based grocery delivery company, is undergoing a significant shift in its valuation, raising $500 million in a recent funding round that values the company at $2.5 billion. This marks a substantial decrease from its valuation of $11.8 billion just 18 months ago. The funding round was led by existing shareholders, including Abu Dhabi’s Mubadala Investment Company, G Squared, and prominent investor Michael Moritz. This reduction in valuation reflects the challenging landscape faced by start-ups in the current venture capital