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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.

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Venture Capital: Generative AI Startup Anthropic May Nab $300M Funding

January 31, 2023

Anthropic, a San Francisco-based AI start-up specializing in generative AI, is close to securing $300 million in funding, according to sources. The deal could value the company at $5 billion, said the New York Times.

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More Stories on Venture Capital

Venture Capital: Property Management Platform Guesty Lands $170M Series E

August 17, 2022

Guesty, which provides management software for the short-term rental, vacation rental, and hospitality industry, has raised a $170 million Series E round led by Apax Digital Funds, MSD Partners and Sixth Street Growth. Existing investors Viola Growth and Flashpoint also participated in the round. Guesty will use the funds to scale its operations, develop new technology and solutions, expand into now business verticals and for strategic acquisitions.

Venture Capital: Andreessen Horowitz Invests $350M In Adam Neumann’s Rental Real Estate Startup

August 16, 2022

Andreessen Horowitz, also known as “a16z,” and usually described as the storied venture capitalist firm from Silicon Valley, announced Monday its $350 million investment in Flow, a rental real estate startup founded by Adam Neumann, of WeWork fame. The investment, said to be the largest individual cheque Andreessen Horowitz has ever written in a round of funding to a company, valued Flow at $1 billion, even though it is expected to launch only in 2023.

Venture Capital: E.ON To Be Anchor Investor In Its Venture Arm’s Climate Tech Fund

August 15, 2022

Future Energy Ventures, the venture arm of Germany head-quartered electric utility E.ON SE (ETR: EOAN), has established a new, independent Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF. The new fund aims to become Europe’s leading venture capital investor focused on the energy transition and will invest Series A and B investments in ventures that aim to transform the traditional energy value chain towards net zero.

Venture Capital: Lockheed’s Venture Arm To Boost Investment In Space Startups

August 12, 2022

Lockheed Martin (NYSE: LMT) and its venture finance arm Lockheed Martin Ventures plans to boost the latter’s investment outlay from $200 million to $400 million.

Venture Capital: Warehouse Robots Maker Geek+Raises $100M Series E1

August 9, 2022

Geek+, a Beijing-based maker of robotics for storage, picking, and sorting in warehouses, as well as material handling robots and unmanned forklifts for manufacturing, announced a new, $100 million series E1 funding series which included investment by Intel Capital, Vertex Growth, and Qingyue Capital Investment. (CISION PR Newswire)

Venture Capital: Softbank’s Vision Fund Posts $21.68B Quarterly Loss Amidst Tech Wreck

August 8, 2022

The meltdown in technology stocks following hardening interest rates has taken a massive toll from SoftBank (TYO: 9984) and its Softbank Vision Fund, one of the most prolific and high stakes investors in the sector. The Vision Fund’s $21.68 billion loss for the June quarter pushed Softbank into a corporate loss of $23.38 billion.

Venture Capital: Terabase Energy Raises $44M For Automating The Construction Of Utility Scale Solar

August 5, 2022

Breakthrough Energy Ventures and Prelude Ventures co-led Terabase Energy’s $44 million Series B financing round. SJF Ventures and other existing investors also participated. The funding will advance the company’s digital and robotic automation platform for the development, construction, and operation of utility-scale PV power plants.

Venture Capital: Chinese Biotech Sironax Raises $200M For Age-Related Degenerative Diseases

August 5, 2022

Sironax, a Beijing-based biotech firm focused on the treatment of patients with age-related degenerative diseases, announced a $200 million Series B funding led by Gaorong Capital and Yunfeng Capital, with participation from existing investors including Temasek, Invus, F-Prime Capital, Eight Roads, ARCH Venture Partners, K2 Venture Partners and lead investors from previous financings.

Venture Capital: Home Healthcare Company Cera Lands $320M

August 4, 2022

Dr Ben Maruthappu (pictured) founded Cera in 2016 and since then it’s grown to a team of a;most 10,000 professionals that provides over 40,000+ in-person healthcare visits in homes throughout the UK every day. Cera announced its raise of $320 million in equity and debt funding. The equity round was led by Cera’s existing investor Kairos HQ. However, the identity of the debt provider has not been disclosed.

Venture Capital: L’ATTITUDE Ventures Raises $100M To Back Latino Startups

August 3, 2022

L’ATTITUDE Ventures closed its first institutional fund raising on Wednesday, raising over $100 million with an anchor investment from Wall Street titan JPMorgan Chase (NYSE: JPM) and initial investments from Trujillo Group and Bank of America (NYSE: BAC).

Venture Capital: Hardware Wallet Company Ledger Reportedly Looking To Raise $100M

August 2, 2022

A Bloomberg report says Ledger, the French crypto wallet maker, is in talks to raise a minimum of $100 million from strategic investors. The company previously raised a $380 million Series C in June 2021 at a valuation exceeding $1.5 billion, and this may not be the best of times to raise financing given the dire state of the digital assets market.

Artificial Intelligence: Tampa General Hospital Uses An AI Platform For Patient Transport

August 1, 2022

At the 1,041-bed Tampa General Hospital the complex task of managing its operational flow, including the processes of admitting, moving and discharging patients, has been made more efficient through the use of Enroute, an AI platform. The new system is a marked improvement over the earlier, manual process where a dispatcher scheduled all of the runs throughout the hospital.

Venture Capital: Enko, Which Uses AI To Discover Crop Protection Molecules, Raises $70M

July 29, 2022

Enko announced its $70 million Series C funding round led by agrochem company Nufarm with participation by Anterra Capital, Taher Gozal, the Bill & Melinda Gates Foundation, Eight Roads Ventures, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, TO Ventures Food, Endeavor8, Alumni Ventures Group and Rabo Food & Agri Innovation Fund.

Venture Capital: Fifth Wall VC Raises $500M To Decarbonize Real Estate

July 28, 2022

Venture capital firm Fifth Wall has raised $500 million for its inaugural Climate Fund that seeks to help decarbonize global real estate through investments in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies. Investors included American Homes 4 Rent, BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, Kimco Realty Corporation, Lineage Ventures, MGM Resorts, NZ Super Fund, Osgoode Properties, and UDR, among others.

Venture Capital: FTX Ventures And Jump Crypto Lead $150M Series A Round In Aptos

July 27, 2022

Aptos Labs announced its $150 million Series A round led by FTX Ventures and Jump Crypto. New investors coming aboard included Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, and Superscrypt founded by Temasek. Existing investors a16z crypto and Multicoin also participated. The valuation of the firm in this round was double that of its March valuation of $1 billion.

Venture Capital/ESG: Sustainable Lithium Extraction Startup EnergyX Lands IPO-Linked Funding Commitment Of $450M

July 26, 2022

Global Emerging Markets (GEM) has committed an investment of $450 million in lithium and battery technology startup Energy Exploration Technologies (EnergyX). The funds will be used to commercialize the latter’s direct lithium extraction and refining technologies. EnergyX’s LiTAS technology has been tested in the Lithium Triangle in South America and increases lithium production from 30% to 94% of what is normally recovered.

Venture Capital: IQM, European Maker Of Quantum Computers, Lands €128 million ($128m) In Series A2 Funding

July 25, 2022

IQM Quantum Computers, which is based in Espoo, Finland, and makes world-beating quantum computers for the benefit of mankind, announced its €128 million Series A2 funding round led by World Fund with the participation of Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma along with its existing investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared. Quantum computing is expected to improve drug discovery, transform encryption and data protection, and predict financial systems. For example, a problem that could take a supercomputer 10,000 years to solve would take a quantum computer only four minutes.

Venture Capital: Thai Bank To Invest Up To $100M In Tech-Focused VC Arm

July 25, 2022

According to Thanapong Na Ranong, Managing Director of Thailand’s Kasikornbank, the company’s corporate venture capital arm, Beacon VC, is planning to raise $50 million to $100 million from its parent for tech investments this year.

Venture Capital/ESG: Meati, Which Makes Alt Meats From Mushroom Roots, Raises $150M

July 22, 2022

Meati Foods, which makes plant-based meats using mushroom roots as a major ingredient, announced its successful closing of a $150 million Series C round led by Revolution Growth, with participation from existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund which includes Meati Foods in its first cohort of investments.

Venture Capital: Meals Provider FreshRealm Raises $200M

July 21, 2022

FreshRealm announced its raise of $200 million led by a premier global cornerstone institutional investor. The funds will enable the company to further drive its growth in the meal industry, which it estimates as a $30 billion market opportunity with retail partners.

Venture Capital: Contentsquare Lands $600M Series F, Doubles Valuation To $5.6B

July 21, 2022

Contentsquare announced the close of its $600 million round comprising a $400 million Series F round and $200 million in debt financing. Sixth Street Growth led the round alongside Bpifrance, Canaan, Eurazeo, Highland Europe, KKR, LionTree, SoftBank Vision Fund 2, and funds and accounts managed by BlackRock. BNP Paribas, Crédit Agricole Corporate & Investment Bank, Goldman Sachs, JP Morgan, and Société Générale participated in the debt facility.

Venture Capital/ESG: TAE Achieves 75 Million Degrees Celsius In Fusion Energy Reactor, Raises $250M From Marquee Investors

July 20, 2022

TAE Technologies, the fusion energy startup on track to commercialize its technology by the mid-2030s, has raised a $250 million Series G-2 round from investors including Google (NASDAQ: GOOGL), Chevron (NYSE: CVX), Sumitomo Corporation (TYO: 8053) of Americas, TIFF Investment Management, Reimagined Ventures, a large U.S. West coast based mutual fund manager, a big U.S. pension fund, and others. The round recognized TAE’s progress towards commercial fusion energy after Norman, the company’s fifth-generation fusion reactor, sustained stable plasma at more than 75 million degrees Celsius, 250% higher than its original goal.

Venture Capital: Christie’s, The 256-Year Old Art Auctioneer, Launches Venture Fund

July 19, 2022

The new Christie’s venture fund will support technology and fintech startups focused on the art market. Christie’s, the venerable art and luxury business and auction house with a global presence, announced Monday the launch of Christie’s Ventures, a fund that will invest in Emerging Technology and FinTech companies creating solutions to enhance the art market….

Venture Capital: Fundrise Diversifies Out Of Real Estate, Launches $1B Venture Fund For The Small Guy

July 18, 2022

Fundrise, which pioneered $10 investments by the common man in real estate, is bringing that model to venture capital. It announced today the launch of the Fundrise Innovation Fund — a first-of-its kind, $1B growth equity fund aimed at democratizing access to investments in top private technology companies.