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.....»»
Uber’s first head of data science just raised a new venture fund to back nascent AI startups
Kevin Novak joined Uber as its 21st employee its seventh engineer in 2011, and by 2014, he was the company’s head of data science. He talks proudly of that time, but like all good things, it ran its course and by the end of 2017, having accompl.....»»
Uber’s first head of data science just launched a new venture fund to back nascent AI startups
Kevin Novak joined Uber as its 21st employee its seventh engineer in 2011, and by 2014, he was the company’s head of data science. He transitioned out of the company in late 2017, after Travis Kalanick had been replaced as CEO by Dara Khosrowsh.....»»
SYN Ventures Debuts with $165+ Million Fund to Invest in Companies Ready to Disrupt the Cybersecurity Industry
WEST PALM BEACH, Fla.–(BUSINESS WIRE)–SYN Ventures formally launched its $165+ million debut fund today focused on early-stage technology companies that can disrupt the security industry The post SYN Ventures Debuts with $165+ Million Fu.....»»
Pietra raises $15M from Founders Fund to help creators launch their own product lines
In the white-hot creator economy space, startups are increasingly looking to build paint-by-numbers platforms to help budding creators more easily execute on what were once seemingly insurmountable business challenges. The ex-Uber team at Pietra is c.....»»
Women’s social network Peanut launches microfund StartHER to invest in pre-seed stage startups
Peanut, the maker of a social networking app for women, is entering into the investing space with today’s launch of a microfund called StartHER. As the name implies, the new fund will focus on investing in women as well as other historically e.....»»
BMW i Ventures announces new $300 million fund to invest in sustainable technology
BMW i Ventures, the venture capital arm of BMW Group, has announced a new $300 million fund to further its investment in technologies that make transportation, manufacturing and supply chains more sustainable. The firm doesn’t operate as a tradit.....»»
Sustainable tech developer Turntide Technologies raises $225M
Turntide Technologies, a sustainable technology developer, has announced $225 million in convertible note financing that it says will help fund projects to reduce carbon emissions in the commercial buildings, agriculture and transportation industries.....»»
London-based insurtech Hyperexponential closes $18M round led by Highland Europe
London-based insurtech hyperexponential (“hx”) – which has a mathematical modeling software for the commercial insurance sector – has closed an $18m funding round led by growth capital fund Highland Europe. Hxsays it helps companies b.....»»
Stars Call for "Gadget Levy" To Fund UK Creatives
Olivia Colman, John Nettles and Joanne Harris are among dozens of high-profile artists calling for a portion of gadget sales revenue in the UK to go into a fund for performers and creators. From a report: In a letter in Tuesday's Times newspaper, the.....»»
Surgical robotics company CMR raises $600M
UK-based robotics company CMR Surgical this morning announced a $600 million Series D. This latest round, led by Softbank’s Vision Fund 2 and co-led by Ally Bridge Group, joins an existing $384.8 million already raised by the Cambridge firm. It val.....»»
Netherlands-based laser equipment startup InPhocal to raise fund
Netherlands-based startup InPhocal, which has developed a laser technology for semiconductor cutting, is looking to raise US$2.5 billion during the seed round in 2021......»»
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.....»»
EU antitrust officials are investigating Google"s vast ads business
The European Union has launched an antitrust investigation into Google's vast advertising business, claiming that the company may have disadvantaged rival services, making it harder for brands to reach consumers and for publishers to fund their conte.....»»
IMF Sees Legal, Economic Issues With El Salvador Bitcoin Move
The International Monetary Fund said on Thursday it has a number of economic and legal concerns regarding the move from El Salvador to make bitcoin a parallel legal tender. Reuters reports: El Salvador has become the first country in the world to ado.....»»
GameStop stock falls sharply amid 5M-share sales plan, SEC investigation
Retailer names Amazon vets to executive team amid e-commerce turnaround plans. Enlarge / Benjamin Franklin continues to be bemused by the seemingly irrational movements of GameStop's stock price. (credit: Flickr / wuestenigel) GameStop's quart.....»»
Fuel Ventures launches its new $63.6M early-stage VC fund, aiming for 60 startups inside 12 months
You may have heard of payments startup Paddle which has raised $93.3m or perhaps Heroes which raised $65M to become the “Thrasio of Europe” but you might not have heard so much about a backer of these startups, Fuel Ventures, at least not yet.....»»
Balderton launches $680M ‘early growth’ fund to lure startups looking for a different kind of capital
Investors placing capital in earlier and earlier tech deals has been a historical trend for the last few years, but this strategy was generally reserved for the traditional, ‘high-growth’ VC arena. VCs needed to snag earlier ad earlier de.....»»
AI startup Eightfold valued at $2.1B in SoftBank-led $220M funding
Eightfold AI, a startup which uses deep learning and artificial intelligence to help companies find, recruit and retain workers, said on Thursday it has raised $220 million in a new round as it looks to accelerate its growth. SoftBank Vision Fund 2 l.....»»
Recorded Future launches its new $20M Intelligence Fund for early-stage startups
Threat intelligence company Recorded Future is launching a $20 million fund for early-stage startups developing novel data intelligence tools. The Intelligence Fund will provide seed and Series A funding to startups that already have venture capital.....»»
Seven Seven Six, the new venture firm from Alexis Ohanian, closes $150 million Fund 1
In June of last year, Alexis Ohanian announced that he was leaving Initialized Capital, the venture firm he co-founded alongside Garry Tan in 2011. Nearly a year later, he’s announcing that his new venture firm, Seven Seven Six, has raised $150.....»»