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It's a story that just hit a milestone--a $4mm round of venture funding that I'm ecstatic to say Brooklyn Bridge Ventures just led. But just because you could see them everywhere doesn't make them an obvious venture bet--nor does it tell the story of how the round even came to be.
I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. At the time consumer internet venture capital was still suffering from the collapse of the Tech Bubble. They also have a separate $300 million fund focused on bricks-n-mortar consumerretail.
There are many companies bringing one-click checkout to the direct-to-consumer marketplace, but few are developing similar tools for the business-to-business marketplace. B2B payment volume is five times the size of business-to-consumerretail payments, yet much of those payments are not being done online.
Other themes include So Glamorous, which includes companies selling apparel, luxury goods and other consumerretail products such as handbags, shoes and jewelry and The Open Road, which includes – you guessed it – companies involved in the development of self-driving cars, electric vehicles and their components and materials. .
million Series Pre-A round of financing led by IDLC Ventures, the VC arm of IDLC Finance—one of Bangladesh’s largest non-banking financial institutions. New York-based Millville Opportunities, and Startup Bangladesh Limited, the flagship venture capital fund of the Bangladesh Government’s ICT Ministry, also participated in the round.
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