Hedge Fund That Bet Against GameStop Shuts Down
A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors [Editor's note: the link may be paywalled; alternative source]. From a report: White Square Capital.....»»
Fontinalis Partners, the early mobility-focused VC firm, rolls out a third fund
Fontinalis Partners, a 12-year-old, Detroit-based venture firm that was among the earliest early-stage venture outfits to focus squarely on mobility, has collected $104 million in capital commitments for its third and newest fund. Investors in the ve.....»»
Fontinalis Partners, the early mobility-focused VC firm backed by Ford, rolls out a third fund
Fontinalis Partners, a 12-year-old, Detroit-based venture firm that was among the earliest early-stage venture outfits to focus squarely on mobility, has collected $104 million in capital commitments for its third and newest fund. Investors in the ve.....»»
WhatsApp shuts down Taliban helpline in Kabul
It's meant to act as emergency hotline for civilians to report violence and looting. Enlarge / Experts in the region said shutting down the WhatsApp numbers was "absurd" and "unhelpful." (credit: SOPA Images | Getty Images) WhatsApp has shut d.....»»
Argentine fintech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round
The dollars keep flowing into Latin America. Today, Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 billion. SoftBank Latin America Fund and affiliates of Chi.....»»
Gates offers $1.5 bn in climate help if US takes legislative action
Microsoft co-founder Bill Gates on Thursday said his climate fund would pour $1.5 billion into projects with the United States if the government enacts a program to cut carbon emissions currently working its way through Congress......»»
AppWorks raises US$150 million
AppWorks has announced the oversubscribed final close of its Fund III, raising US$150 million. AppWorks said the new fund brings its total assets under management (AUM) to US$212 million, placing it among the largest early-stage venture capital firms.....»»
Bill Gates Wants In On Congress" Big Climate Infrastructure Push
If the bipartisan infrastructure bill moves forward, Bill Gates says his climate investment fund will match $1.5 billion in government funds and put that money towards projects that are developing green technologies. The Verge reports: Breakthrough E.....»»
Chris Sacca’s Lowercarbon Capital has raised $800 million to ‘keep unf*cking the planet’
Lowercarbon Capital, a climate-tech focused fund founded by longtime investor Chris Sacca and his wife Crystal Sacca, has closed on $800 million in capital, Sacca announced today in a post on the firm’s site. According to Sacca, the commitments.....»»
Chris Sacca’s Lowercarbon Capital has raised $800 million to “keep unf*cking the planet”
Lowercarbon Capital, a climate-tech focused fund founded by longtime investor Chris Sacca and his wife Crystal Sacca, has closed on $800 million in capital, Sacca announced today in a post on the firm’s site. According to Sacca, the commitments.....»»
Contact, a platform for creatives backed by Maisie Williams, raises $1.9M Seed led by Founders Fund
With the pandemic digitizing every aspect of our lives, the Creator Economy has taken off like never before, with some estimates saying it’s now a $100Bn+ market. And yet, managing your professional life as a model, actor, writer or designer re.....»»
AppWorks closes third fund with $150M for Taiwan and Southeast Asia startups
AppWorks, the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. AppWorks Fund III’s limited partners include Taiwan Mobile, Axiom Asia Private.....»»
Russian scientists sound alarm over "colossal" Black Sea oil slick
Russian scientists sounded the alarm Wednesday over a huge oil slick in the Black Sea, with the World Wildlife Fund saying at least 100 tonnes of oil have leaked off the city of Novorossiysk......»»
UK Broadband Rollout Trial To Target Hard-To-Reach Homes Through Water Pipes
An anonymous reader quotes a report from The Guardian: The government has launched a [4 million pound] fund to back projects trialling running fiber optic broadband cables through water pipes to help connect hard-to-reach homes without digging up roa.....»»
How one founder bucked the data-driven trend and created a startup based on inspiration
When Oleg Stavitsky and his co-founders started Endel, they didn’t necessarily expect for it to become a venture-backed business with the likes of Amazon’s Alexa Fund as investors. Stavitsky and his founding team describe themselves as a.....»»
Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qat.....»»
California Shuts Down Edward Hyatt Hydroelectric Power Plant Due To Drought
phalse phace shares a report from Los Angeles Times: In a sign of the region's worsening drought, state water officials announced Thursday the shutdown of a major hydroelectric power plant at Lake Oroville in Northern California, citing the lowest-ev.....»»
Stage 2 Capital launches $80M Fund II targeting B2B software startups
The firm’s approach combines venture capital expertise with a diverse community of over 250 limited partners and go-to-market experts who work with portfolio companies to accelerate revenue growth. Boston go-to-market venture capital firm.....»»
Senate Democrats To Introduce Legislation That Would Tax Energy Companies Responsible For Major Greenhouse Gas Emissions
Zack Budryk writes via The Hill: The Polluters Pay Climate Fund Act, sponsored by Sen. Chris Van Hollen (D-Md.), would require between 25 to 30 of the U.S. corporations responsible for the most greenhouse gas pollution to pay $300 billion into a fund.....»»
Work-Bench will continue supporting early-stage enterprise startups with new $100M fund
In spite of the pandemic, New York City remains the center of commerce and business, and over the last decade a robust startup community has developed there. Work-Bench, the NYC VC firm that concentrates on early-stage enterprise seed investments, an.....»»
Human Interest raises $200M at a $1B valuation, plans for an IPO
Less than six months after raising $55 million in a Series C round of funding, SMB 401(k) provider Human Interest today announced it has raised $200 million in a round that propels it to unicorn status. The Rise Fund, TPG’s global impact investing.....»»