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: Serve Robotics, The High-Growth Maker Of Delivery Robots, Scores $30M Fund Raise
Serve Robotics Inc., the well-known autonomous sidewalk delivery company, has revealed a significant step in its growth strategy, announcing a successful financing round that secured $30 million in funds. This funding brings the total capital raised by Serve to more than $56 million since its inception in 2021.
Venture Capital: Nervous Of Misuse By Its Military, The Biden Administration Restricts Investment In Certain Chinese Tech Sectors
The Biden administration has issued an executive order restricting US investors from funding Chinese companies engaged in certain technology development that could have military applications. The order aims to prevent these technologies from being utilized by China’s military.
FinTech: Sweater Launches Platform To Boost Inclusivity In Venture Investing
Sweater, a pioneering fintech company, has unveiled an innovative venture, the Public VC Funds platform, which marks a breakthrough in the traditional venture capital landscape. This groundbreaking offering enables qualified partners to establish their own venture capital funds, opening the doors for participation by their communities and the general public, regardless of accreditation status.
Venture Capital: OMERS Ventures Shutters London Office Amidst Bleak European Tech Venture Scenario
The Ontario Municipal Employees Retirement System (OMERS) is discontinuing its venture capital (VC) efforts in Europe after four years and refocusing on North America due to better opportunities in the region’s technology sector. The pension fund is shuttering its London office and letting go of certain team members, among them one of its two managing partners named Harry Briggs, along with an associate. The remaining managing partner, Henry Gladwyn, along with another associate, will be moving to New York to oversee OMERS Ventures’ current portfolio of 18 European investments.
Venture Capital: Meatable Raises $35M Series B For Its Cultivated Pork Products
Dutch food tech company Meatable has secured $35 million in new funding, bringing its total funding to $95 million. The investment was led by Agronomics and joined by Dutch impact fund Invest-NL along with existing investors, such as BlueYard, Bridford, MilkyWay, DSM Venturing and Taavet Hinrikus.
Venture Capital: AI-Assisted Industrial Management Platform Tractian Lands $45M
Tractian, a leading industrial IoT and enterprise asset management software company, has secured $45 million in growth capital. The funding, led by General Catalyst and involving existing investor Next47 and strategic angels like Ronan de Hooge and Ron Gill, aims to transform the work of maintenance professionals through their hardware-software solution. With over 1,000 industrial plants using Tractian’s asset monitoring system, the company is set to expand its customer base and invest in technological innovation for maintenance operators.
Venture Capital: Disruptive NaaS Provider Nile Lands $175M Series C
Nile, a leading company in next-generation enterprise networks, has successfully raised $175 million in a Series C funding round. The funding was co-led by March Capital and Sanabil Investments, with participation from several other strategic investors including solutions by stc, Prosperity7, Liberty Global Ventures, stc CIF (Corporate Investment Fund), 8VC, Geodesic Capital, U First Capital, and Valor Equity Partners.
Venture Capital: Google Launches VC Fund In Asia Focused On Female-Led AI Startups
Google (NASDAQ: GOOGL) has launched the Google for Startups Women Founders Fund, a fund dedicated to supporting female-founded startups in the Asia-Pacific region, where women often face challenges in business. The fund will provide $100,000 in equity-free cash to six startups this year, focusing on India, Japan, and South Korea initially, and later expanding to other Asia-Pacific markets.
Venture Capital: AWS And Accel Lend A Hand To Generative AI Startups In India
Amazon Web Services (AWS) and Accel have announced ML Elevate 2023, a six-week accelerator program to empower Indian startups building generative AI applications. Selected startups will receive access to impactful AI models, technical and business mentorship, resources, and up to USD 200,000 in AWS Credits.
Venture Capital: Tiger Global Exits India’s Flipkart With $1.4B Payout From Walmart
Walmart (NYSE: WMT) has purchased Tiger Global Management’s remaining 4% stake in Indian e-commerce giant Flipkart for $1.4 billion, increasing its ownership to about 77%. The transaction valued Flipkart at $35 billion, down from the previous valuation of nearly $38 billion.
Venture Capital: Lvrch Capital Scores $400M Series D Round
Lvrch Capital Advisory, a prominent investment firm, has achieved a major milestone by successfully raising $400 million in a Series D funding round, further cementing its position as an innovation leader in the financial industry. Building on its prior success of securing $200 million in the Series C funding round, the firm is now focused on adapting its investment approach to meet evolving market conditions and ensure long-term financial stability for investors while delivering exceptional results.
Venture Capital: Battery Energy Storage Startup Field Lands $257M Investment
DIF Capital Partners, through its DIF Infrastructure VII fund, is investing £200 million in Field, a London-based battery energy storage systems developer and operator. The investment seeks to expedite Field’s expansion and construction of a 4.5 GWh pipeline of large-scale battery energy storage projects in the UK and Western Europe, thereby bolstering the area’s renewable energy infrastructure and supporting its Net Zero objectives.
Venture Capital: Israeli Startup Brevel Raises $18.5M Seed For Alternative Proteins
Brevel, a microalgae-based alternative protein company, has secured $18.5 million in seed funding to develop a neutral-tasting, sustainable, and affordable protein for the mainstream food industry. The company’s technology combines sugar-based fermentation of microalgae with high light concentrations at an industrial scale, resulting in a protein that can be used in various plant-based products.
Venture Capital: Dioxycle Nabs $17M Funding For Turning CO2 Into Ethylene
Dioxycle, a French-U.S. climate tech start-up, has secured $17 million in funding to support the development of sustainable ethylene produced from recycled carbon emissions. The investment comes as investors increasingly seek opportunities to support environmentally-friendly solutions in high-emitting industries, which are crucial for achieving global climate goals but have historically received less funding.
Venture Capital: Cloud-Based Privacy Management Startup OneTrust Lands $150M At A Lower Valuation
Atlanta-based startup OneTrust raised $150 million in a funding round led by new investor Generation Investment Management, co-founded by former Vice President Al Gore, with participation from existing investor Sands Capital. The round valued the privacy and security company at $4.5 billion, a 12% drop from its previous valuation of $5.1 billion after raising a Series C in late 2020 and an extension in 2021.
Venture Capital: Israeli VC Flora Ventures Raises $80M For Startups In Sustainable Agritech
FLORA Ventures has launched an $80 million fund to invest in sustainable agrifood tech start-ups in Israel and Europe. It is the largest Israeli-based agrifood venture capital firm and the biggest new VC fund in Israel for 2023. The fund focuses on early-stage start-ups that aim to create a healthier, more sustainable, and resilient agrifood system and supports their global scaling efforts.
Venture Capital: KKR To Lead $190M Series C In South Korean Fashion Platform MUSINSA
South Korean online fashion platform, MUSINSA, and global investment firm, KKR, have signed definitive agreements for a Series C fundraise of US$190 million for MUSINSA. This investment is KKR’s first technology growth investment in Korea as part of its Asia Next Generation Technology (NGT) strategy. Wellington Management, one of the world’s largest independent investment management firms, also participated in the round.
Venture Capital: Coke Bottlers Join to Launch Sustainable Venture Capital Fund
Coca-Cola Bottling Co. United, based in Birmingham, is part of a $137.7 million venture capital fund focused on sustainability investments. The fund, called the Greycroft Coca-Cola System Sustainability Fund, will be managed by Greycroft, a venture capital firm. Coca-Cola Bottling Co. United is contributing $15 million to the fund.
Venture Capital: Wa’ed Ventures, The Venture Capital Arm Of Aramco, Invests In Tenderd, An AI-Powered Emissions Monitor
Tenderd is a UAE-based startup backed by Peter Thiel. Wa’ed Ventures, the venture capital arm of Aramco (TADAWUL: 2222), has made a strategic investment in Tenderd, an AI-forward startup specializing in decarbonizing construction and logistics operations. Tenderd is backed by top-drawer investors, including Y Combinator, Peter Thiel, BECO Capital and Dynamo Ventures. Tenderd’s platform utilizes…
Venture Capital: LGT Capital Partners Wraps Up Oversubscribed $930M Round For Its Crown Growth Opportunities IV Fund
LGT Capital Partners successfully concluded the final round of funding for Crown Growth Opportunities IV, their fourth global venture capital fund. Surpassing its initial goal of USD 750 million, CGR IV garnered over USD 930 million in subscriptions. The fund attracts investors such as pension funds, endowments, foundations, insurance companies, and family offices worldwide.
Venture Capital: Hugging Face, An AI Startup, May Raise $200M Series D
Hugging Face, an AI model startup, is currently reviewing term sheets for a Series D funding round. The round is expected to raise a minimum of $200 million and value the company at $4 billion, according to Forbes.
Venture Capital: Silo Technologies, An ERP System For Produce, Lands $132M
Silo Technologies, a leading provider of technology solutions for the food supply chain, has announced $132 million in new capital. The $32 million Series C funding round was led by Koch Disruptive Technologies, a subsidiary of Koch Industries known for investing in disruptive technologies. Existing investors Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, and Moore Capital also participated in the round.
Venture Capital: Bedrock, Which Gathers Seafloor Data For Wind Energy Systems, Raises $25.5M
Bedrock, a seafloor data acquisition and distribution platform, has raised $25.5 million in a Series A funding round. The company aims to revolutionize seafloor exploration and accelerate offshore wind energy development. The funds will be used to bring its unique data offering to the offshore wind market and expand their unmanned autonomous underwater vehicle (AUV) acquisition system.
FinTech: Paris-based Startup finres Harvests US$4.5M To Enable Better Agricultural Investments
Paris-based fintech startup finres has secured €4.1 million (US$4.5 million) in funding to enhance agricultural investments. The funds will support the launch of their investor platform, R&D activities, and expansion across Africa, the Americas, Asia, and Europe.