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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.
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. In 2002 after exiting his second company he was attracted to the variety of being a VC.
It seems today that any venture-backed company that can claim some sort of tech mantle is being treated to a strong IPO pricing run and a huge first-day result. Namely, certain elements of the venture capital community who would prefer to keep all outsized gains in their own pockets. ai, Doordash and Airbnb.
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.
E-commerce roll-up startup Flora emerged from stealth mode with $9 million in seed funding from an investor group that included Lux Capital, Correlation Ventures, Climate Capital and Gokul Rajaram. Kaya was also in investment banking at Goldman Sachs, focused on consumerretail M&A.
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. .
The startup has raised a little over $15 million to date, per Crunchbase data , but came back into our minds thanks to the launch of a deal with the Dollar Tree company , a consumerretailer that has around one zillion stores in America. UiPath, SPACs, and a neat venture capital round. More when we have it. Probably too much.
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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