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Photo by Scott Clark for Upfront Ventures (no, Evan is not standing on a box) Last year marked the 25th anniversary for Upfront Ventures and what a year it was. 2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. What do you do with a $650 million platform?
My big question for 2021, and the one that is on every startup’s mind, is how will a cataclysmic event such as a global pandemic show up in post-pandemic innovation? Take trends like the rise of building in public or the unbundling of venture capital. Lowering friction feels like the mantra with which we all need to enter 2021.
I’m a believer in the ‘ software eats the world ‘ thesis, although I often change it to ‘software enables the world,’ which is not nearly as evocative but also not as consumptive. I’ve said before this is one reason why we are very very careful about investing in addiction or mental health startups.
By Revolution Ventures Managing Partner David Golden and VP Alex Shtarkman As voracious consumers of podcasting content, we could not be more excited to announce our investment in Indianapolis-based Casted , a company reinventing the traditional digital content marketing playbook. Stay tuned! [1]
Strategic investment fund BankTech Ventures invests in companies that are developing innovative technologies that enhance the ability of community banks to serve their customers. When Bank Tech tapped Carey Ransom as its first Managing Director, the firm valued his extensive 25-year career in software and venture capital.
Amitruck , a Kenyan tech-enabled logistics platform, is one such provider of solutions that streamline the shipping market. Amitruck has over 8,000 vehicles registered on its platform, and Mwangi says the company’s revenue grew 1,000% in 2021 from 400% in the previous year, as Covid made apparent the need to digitize supply chain processes.
Sesie Bonsi is the founder and CEO of Bleu , a financial technology platform focused on enabling touchless payment experiences. billion in the first half of 2021 — a fourfold increase from the previous year. Venture funding does remain elusive , but here are some tricks for startup founders to hack the system. hit nearly $1.8
F lourish Ventures , a global FinTech investor known for backing major players like Chime and FlutterWave, led the round, while new investors include Saudi Arabia’s Vision Ventures, Arab Bank Venture Capital, and Emurgo Kepple Ventures. With its just closed $5.2
30 Investments to date in the areas of AI, autonomy, cybersecurity and space Shield Capital was launched in 2021 by the Managing Partners Philip Bilden and Raj Shah, both of whom have deep experience in technology and investing, driving their passion to support founders of frontier technologies.
Decentro, which has a headcount of over 40 people, offers products to let companies create virtual, business and escrow accounts, enable payments and provide lending. We’re excited to support Decentro as they scale and expand,” said Joel Yarbrough, MD of Rapyd Ventures and Rapyd’s VP of Asia Pacific, in a prepared statement.
After a blockbuster year for venture capital funding in 2021, the flow of capital to Indian startups seemed like it would buck global trends in early 2022, but dried up in the second half of 2022. For Ashutosh Sharma, head of India investments at Prosus Ventures, it is paramount for startups to ensure their existence at this time.
They include high-profile crypto and web3 investors such as Coinbase Ventures, Alameda Research (FTX) and Distributed Global. We are pleased to partner with MARA as it embarks on building a digital financial system for Sub-Saharan Africa,” says Schuster Tanger, co-founder of TQ Ventures, one of the investors, in a statement.
Sharon Lou, venture partner at Indelible Ventures , considers this as one of the top mistakes that founders commit when raising funds. Indelible Ventures is a venture capital firm that invests in B2B SaaS startups that can scale internationally. billion in 2021, and is projected to grow from US$251.17
McKinsey expects the chemical and pharma industries to be the first potential users of quantum computing, enabling the accurate simulation of larger numbers of atoms and molecules, which is not possible today using classical supercomputers. The company was founded in 2015, and it went public in 2021 through a SPAC at a $2 billion valuation.
A Korean startup called AIMMO , which uses software and humans to label and categorize image, video, sound, text and sensor fusion data, built an AI data annotation platform, enabling the data labeling faster for enterprises. . AIMMO posted $10 million of revenue in 2021, according to its IR pitch deck. ScreenShot | AIMMO website.
Ventures with underrepresented founders will compete for share of more than $100,000 in cash grants, plus mentoring and connections WILMINGTON, Del. This years categories of FinTech , Life Sciences , and Environmental Impact reflect Delawares evolving innovation and industry landscape.
Sach Chitnis Contributor Share on Twitter Sach Chitnis is co-founder of Jump Capital , a thesis-led, sector-focused and operating-centric venture capital firm specializing in Seed and Series A investments. Most companies run their business on equity capital alone and have access to a venture debt facility.
” Among the roles it is hiring for are Head of Data Science / Credit, Fraud, & Pricing and Partner Marketing & Enablement. million seed round from Index Ventures with CoinFund and FJ Labs also participating. I covered the company’s February 2021 $110 million Series C raise here. Fundings and M&A.
Saahil will lead a masterclass at the 2021 Web Summit in Lisbon, Portugal, on 4 November titled Scale your summits faster with strategic decluttering. Today, Saahil continues running his business ventures and has also embarked upon a new life as the author of Break Free and an entrepreneurial coach.
venture dollars are slowing down , CIBC Innovation Banking is announcing $1.5 The new fund will enable the bank to make deals ranging from $50 million to $100 million in capital. Over nine financed companies have made initial public offerings to date, most recently Expensify , which went public in November 2021.
Performance marketing was once a steroid for company growth, enabling businesses to grow cost-efficiently as they only paid when they achieved desired outcomes. In response, brands are ruthlessly prioritizing results (or, at least, they should be) — especially when it comes to sales and marketing.
Register AHG Lab , an independent venture builder based in the Philippines, has successfully raised $4 million in a pre-Series A funding round to expand its portfolio of ventures and programs. million in its seed round in 2021, with support from Philippine’s venture capital investor Foxmont Capital Partners.
This latest tranche of funding is being co-led by new investor Eurazeo Growth and Dawn Capital, with PayPal Ventures, HMI Capital, Heartcore, ABN AMRO Ventures, Poste Italiane and BNP Paribas’ venture arm, Opera Tech Ventures, also participating. On the other side, it has some 8,000 developers using its APIs.
Then, in 2021, Morrison left Calgary for Halifax, Nova Scotia, back east. In January 2021, Prince Edward Island-based ScreenScape Networks was acquired by Spectrio for an undisclosed fee, then Halifax-based storytelling platform Wattpad was acquired by Naver in a deal worth $600 million. venture capital. billion in cash.
trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 Fintech-focused investor Tonic Private Equity led the Series G round along with returning backers, including Korea Development Bank (KDB), Altos Ventures, Goodwater Capital, Greyhound Capital, Aspex Management, Bond Capital, and DUMAC. billion (8.5
Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures, and Thomas Tull’s newly minted US Innovative Technology Fund (USIT). The Series E funding valued the company at $8.48
The pre-seed round, which was completed in just three weeks via virtual meetings, was led by Indus Valley Capital, with participation from Alter Global, Fatima Gobi Ventures and several angel investors from Pakistan, the Middle East and Europe. Indonesian edtech CoLearn gets $10M Series A led by Alpha Wave Incubation and GSV Ventures.
Register Wavemaker Impact , Southeast Asia’s first climatetech venture builder , has announced the first close of its debut fund to drive decarbonization in the region at scale. The climatetech venture builder also has the support of EDB New Ventures, the venture-building arm of the Singapore Economic Development Board.
It will also enable DA to deliver more holistic healthcare and meet the rising demand for complex and specialized treatment across Southeast Asia. Our goal at Doctor Anywhere is to build a digital healthcare ecosystem to enable better patient outcomes and help shape the future of healthcare in Southeast Asia.
Register Broom, an Indonesia-based automotive SME tech solutions startup, has announced raising $10 million in pre-Series A funding round led by Openspace Ventures. The funding round was also backed by MUFG Innovation Partners and BRI Ventures, alongside existing investors AC Ventures and Quona Capital.
JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. The latest round brings its total funding raised to $41.4 million, the company said without disclosing its valuation.
The deal, announced ahead of the virtual 2021 CES tech trade show, follows Envisics’ $50 million Series B funding round and news that its tech will be integrated in the upcoming Cadillac Lyriq electric vehicle. This process enables images to appear three-dimensional, Christmas explained in a recent interview.
Funding backers included Y Combinator, Tinder co-founder Justin Mateen, Canary, Hustle Fund, Necessary Ventures and the co-founders of TaskUs. Vicente Zavarce, Yummy’s founder and CEO, launched the company in 2020 and is currently part of Y Combinator’s summer 2021 cohort. Born in Venezuela, Zavarce came to the U.S.
“Wefox’s ‘secret sauce’ is in its business model of indirect distribution, which has enabled the company to scale faster than any other insurtech in the world,” Teicke told TechCrunch. “Our model enables Wefox to drive a superior financial profile which puts us on a clear path to profitability.”
The venture marks a new area of interest for Nazemi, who previously co-founded two companies in the healthcare technology space — Oscar Health (a tech-enabled medical insurance provider backed by Alphabet that went public in March 2021) and Renew Health, a technology-driven health platform focused on retirees.
million Series A investment in June from a group of investors that includes Archer-Daniels-Midland Company’s venture arm ADM Ventures, Cavallo Ventures, Genoa Ventures, Lever VC, Thia Ventures, iSelect Fund, Stage 1 Fund, Lifely VC and Satori Capital. The move is buoyed by a $17.5
The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Singapore-based Quest Ventures Pte Ltd. This marks Quest Ventures Asia Fund II’s second investment in HOMA2U. In 2021, HOMA2U secured a series of funding amounting to RM2.4
The fresh capital was led by an undisclosed global fintech fund with participation from existing investors East Ventures, GGV Capital, eWTP and Emtek. . Fuse Pro app enables agents and broker partners to maximize choices for their customers. The company said it has the largest GWP in Indonesia and Southeast Asia. .
There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Storied venture firms Sequoia Capital and Andreessen Horowitz (a16z) invested more in fintech than any other category in 2022, according to research from CB Insights.
According to PitchBook , VC investments were down 30% in Q2 2022 compared with 2021, and IPOs hit a 50-year low. While a few iconic brands including Uber, Airbnb, and Square emerged successfully from the last downturn, most venture-backed companies struggled during this period, and many ended up pursuing M&A strategies.
The four co-founders are continuing to pass major milestones with an acquisition strategy and timely funding since its launch in 2017 Drivers’ parking experiences around the country are now being enhanced through artificial intelligence, enabling them to readily come and go without checking out.
million in a seed round of funding that closed in 2018 and was led by ConsenSys Ventures and included participation from SoFi. . Fintechs could see $100 billion of liquidity in 2021. Bain Capital Ventures Partner Stefan Cohen agrees. million led by Valar Ventures. The Jersey City, New Jersey-based startup raised $1.6
“I was convinced that robotics could enable advanced inspections that were safer, faster, more accurate and more affordable than old-school analog inspections,” Burton said via email. According to one source , VC investments in drone companies reached $7 billion in 2021 across 199 deals, up from $2.4 billion in 2022.
2021 marked the second year of COVID and like other crises, the pandemic accelerated change, especially in technology pushing many technologies like SaaS, video conferencing, crypto/web3 deeper into the Perez deployment cycle. Improved infrastructure enables new applications, which attract more users. Absolutely this happened.
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