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.....»»
Eka Ventures closes $95M Impact VC fund for sustainable consumption, healthcare and society
It’s clear that there is an enormous and growing appetite amongst consumers to switch to products and services which address some of the biggest issues of our era, whether it be climate change or problems with society. So we’ve seen the rise of e.....»»
Dovetail, the venture studio that has worked with startups like Afterpay, is raising a new fund
Based in Sydney and Auckland, Dovetail is a full-service venture studio that works closely with founders who have a great idea, but may lack technical backgrounds. Dovetail helps them build companies from the ground up, preparing them for growth and.....»»
Virgin Galactic founder Richard Branson successfully rockets to outer space
Richard Branson became the first person to ride into space aboard a rocket he helped fund. The supersonic space plane developed by his company, Virgin Galactic, roared into the sky over New Mexico early Sunday, carrying Branson and three fellow crewm.....»»
The Artemis Fund focuses on women founders in underserved communities
The Artemis Fund is a Houston-based firm built by three women with the goal of encouraging more women-led startups. The company launched in 2019 and has raised a $15 million initial fund, which closed earlier this year. Diana Murakhovskaya, who launc.....»»
Europe’s DN Capital launches its new $350M fund after a knock-out year for its portfolio
DN Capital, one of Europe’s most active VCs has launched its latest $350 million (£220m, €300m) fund off the back of a pretty stand-out year when the firm saw four of its portfolio companies hit billion-dollar-plus valuations. DN’s ‘Fund.....»»
Peter Boyce II has left General Catalyst to start his own $40M fund
Peter Boyce II has left General Catalyst to start his own firm, a little over a year after the venture capital firm promoted him to partner. His new firm is called Stellation Capital, and filings indicate that he is looking to raise up to $40 million.....»»
Acrylic raises debut $55M solo GP fund to paint the future of crypto
It’s been quite the year for crypto capital, what with Coinbase’s blockbuster debut earlier this year in a direct listing and A16Z raising $2.2 billion for its third crypto-focused fund. But as the numbers in this frenetic market continue to skyr.....»»
A year after expanding to Europe, Nigerian fintech Lidya raises $8.3M to scale lending operations
Nigerian fintech and lending startup Lidya today announced that it has completed its $8.3 million pre-Series B funding round. Alitheia Capital led the investment via its uMunthu Fund. Other investors that participated include Bamboo Capital Partners,.....»»
Renegade Partners rolls out its much-anticipated debut fund with $100 million
Renegade Partners — a Bay Area-based venture firm cofounded by veteran VCs Renata Quintini and Roseanne Wincek — is taking the wraps off a $100 million debut venture fund that’s been capturing the imagination of the business press s.....»»
GameStop’s Summer Sale is live with a number of good Switch and PS5 deals
Dealmaster also has deals on MacBooks, the OnePlus 9, Roku streamers, and more. Enlarge (credit: Ars Technica) Today's edition of the Dealmaster is heavy on gaming deals: surfing the ongoing wave of PC game discounts from Steam's summer sale,.....»»
Austin-based iFly.vc closes $46M second fund from legendary tech founders
To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the first hire on the investment team of Formation 8, t.....»»
Asian merchant commerce giant Pine Labs secures $600 million
Pine Labs said on Tuesday it has closed a $600 million financing round as the Asian merchant commerce platform sets the goal to explore the public markets within two years. Fidelity Management & Research Company, BlackRock, Ishana, as well as a fund.....»»
MAGIC Fund raises $30M to scale its global founders-backing-founders fund
Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have firs.....»»
Merchant commerce Asian giant Pine Labs secures $600 million
Pine Labs said on Tuesday it has closed a $600 million financing round as the Asian merchant commerce platform sets the goal to explore the public markets within two years. Fidelity Management & Research Company, BlackRock, Ishana, as well as a fund.....»»
Feds Seized Robinhood CEO"s Phone in GameStop Trading Halt Investigation
Robinhood, the stock trading app that was subject to a record fine Wednesday, announced it intends to go public Thursday. From a report: In its filing documents, the company admits that many of its customers are furious about how it handled January's.....»»
Singularity 6 raises $30M to fund upcoming fantasy ‘community simulation’ MMO
LA-based game studio Singularity 6 has banked more funding as it scales itself up and readies for the launch of its debut title. The startup tells TechCrunch, they’ve raised $30 million in a Series B bout of funding led by FunPlus Ventures with.....»»
Nowports raises $16M to build the OS for LatAm’s shipping industry
Nowports, an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the.....»»
Ghost raises $100M Series D for autonomous driving and crash prevention tech
Autonomous driving system developer Ghost Locomotion has raised a $100 million Series D funding round, led by Sutter Hill Ventures. Returning investor Founders Fund also participated in the round, along with Coatue. The money will be used toward R&D.....»»
Mercado Bitcoin, Brazil’s first crypto exchange, raises $200M from SoftBank
Mercado Bitcoin, a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it amo.....»»
Germany’s icon group VC bets $30M to back startups enabling traditional companies to pivot
Icon group is a new $30M VC fund being launched out of Germany’s iconmobile group, a WPP network agency. This means a reorganization of the company from a full-service innovation agency into also offering VC backing. iconmobile has garnered a r.....»»