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.....»»
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.....»»
Is Robinhood having its own GameStop moment?
The rally started on Tuesday when shares gained nearly 25 percent. Excitement spilled over into today with shares hitting a high of more than $80 but things have since cooled a bit as trading was halted multiple times due to volatility......»»
YouTube will now pay you up to $10,000 for creating popular Shorts
YouTube earlier this year announced a $100 million fund that will pay those who make popular Shorts, which rolled out fully to 100 countries last month. From now throughout 2022, “thousands of eligible creators” can claim between $100 and $10,000.....»»
Baleon Capital closes first fund to provide capital infusion to healthcare startups
Baleon Capital will invest in pre-Series A and Series A companies focused on health and medical care in the United States. Baleon Capital, a one-year-old venture capital firm started by investment veteran Jon Kaiden, closed its first fund t.....»»
Rani Therapeutics’ $73M IPO will fund upcoming clinical trials
Rani Therapeutics, a San Jose-based company developing a pill to replace medical injections, went public on Friday. According to S-1 filings, shares were estimated to price between $14 and $16 last week. On Friday, shares debuted slightly lower, ar.....»»
YouTube’s $100 million Shorts Fund to challenge TikTok goes live
YouTube earlier this year announced its plans to significantly invest in original creator content for its TikTok competitor, YouTube Shorts, with the introduction of a $100 million YouTube Shorts Fund. The fund will reward creators for their most en.....»»
Newtopia closes first fund of $50M to invest in LatAm startups
Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America. Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based.....»»
Free Software Foundation Will Fund Papers on Issues Around Microsoft"s "GitHub Copilot"
GitHub's new "Copilot" tool (created by Microsoft and OpenAI) shares the autocompletion suggestions of an AI trained on code repositories. But can that violate the original coder's license? Now the Free Software Foundation (FSF) is calling for a clos.....»»
Airtel Africa gets an extra $200M for its mobile money business from QIA
Qatar Holding LLC, an affiliate of Qatar Investment Authority, the sovereign wealth fund of Qatar, is set to invest $200 million into AMC BV through a secondary purchase of shares from Airtel Africa. Three months ago, Mastercard invested $1.....»»
European Investment Fund puts $30M in Fabric Ventures’ new $120M digital assets fund
Despite their rich engineering talent, Blockchain entrepreneurs in the EU often struggle to find backing due to the dearth of large funds and investment expertise in the space. But a big move takes place at an EU level today, as the European Investme.....»»
Class, a Zoom-only virtual classroom, nears unicorn status after SoftBank check
Class, a virtual classroom that integrates exclusively with Zoom, announced today that it has raised $105 million in a financing led by SoftBank Vision Fund II. The 10-month old startup has now raised a total of $146 million in known venture funding.....»»
High-profile entrepreneurs launch $85 million fund to back Indian SaaS startups
Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms, are ready for their next phase of participation in.....»»
NSF Engineering Alliance to Help Set Course for Research
Engineers will have a hand in prioritizing topics to fund .entry-content .tisubhead { color: #999999; font-family: verdana; font-size: 14px; font-weight: bold; letter-spacing: 1px; margin-bottom: -5px !important; tex.....»»
UK Government Backs Scheme For Motorway Cables To Power Lorries
An anonymous reader quotes a report from The Guardian: The government will fund the design of a scheme to install overhead electric cables to power electric lorries on a motorway near Scunthorpe, as part of a series of studies on how to decarbonize r.....»»
Ajit Pai apparently mismanaged $9 billion fund—new FCC boss starts “cleanup”
Starlink and other ISPs may have to give up money that Pai shouldn't have awarded. Enlarge (credit: Getty Images | LdF) The Federal Communications Commission wants SpaceX to give up a portion of the $885.51 million in broadband funding it was.....»»
iAngels raises $55 million, anchored by the European Investment Fund, for first institutional fund
iAngels, the private investment platform founded and helmed by Mor Assia and Shelly Hod Moyal, has today announced the close of its first institutional fund. The firm has raised $55.5 million, which was anchored by the European Investment Fund, which.....»»
Bezos offers billions in incentives for NASA’s lunar lander contract
Jeff Bezos, the billionaire founder of Blue Origin, is offering to knock up to $2 billion off the cost of developing a lunar lander and to self-fund a pathfinder mission in exchange for a NASA contract. The specific contract in question relates to de.....»»
One of Nigeria’s high profile angel investors is launching a fund for African startups
Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today,.....»»
Rivian raises another $2.5B, pushing its EV war chest up to $10.5B
Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management an.....»»
HBO officially shuts down its Apple TV Channel, cutting off HBO Max access for some users
When WarnerMedia launched its new expanded streaming service, HBO Max, earlier this year, HBO simultaneously stopped participating in Apple TV Channels. This meant that new subscribers could not sign up for HBO through Apple TV Channels, but existin.....»»