Venture Capital Archive

Online VC FundersClub launches Network Search to better connect its 17,000 members

Network effects in venture capital are no joke. Sure, people want to close rounds with brand name funds like Sequoia and Andreessen Horowitz because they validate startups. But perhaps more importantly, companies become more likely to succeed after closing high profile rounds because of their newfound access to the friends and connections of prominent investors. Alex Mittal, CEO of FundersClub, has spent a lot of …

Furlenco’s $30 million raise shows furniture rental is working for Indian millennials

The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO …

Moov locks down $12M Series B as it brings new wearables to market for real-time coaching

Motivation is hard to come by. If you’re lucky, you have friends that will go to the gym with you to keep you in line. If you’re wealthy, you can hire a personal trainer. But if your friends have long sense given up and your bank account is screaming mercy, your options are few and far between. The entire premise behind Moov is that wearables …

VC firm Daphni announces its first $165 million fund

Paris-based VC firm Daphni is announcing its inaugural fund for seed and Series A investments. The team will manage a $165 million fund (€150 million) and try some new things when it comes to venture capital in Europe. On paper, Daphni looks like many other funds. A bunch of limited partners have given a big pile of money so that a team of tech-savvy people …

Iraq founders gather at Fikra Fair to show their nation has more to offer than oil

This weekend in Baghdad, tech entrepreneurs and local government officials gathered at the Fikra Fair to network, demo their apps and show the world that Iraq has more to offer than oil. According to the Human Rights Watch, challenging realities of daily life for many people in Iraq include sky-high food prices, cash shortages, a lack of communications infrastructure, and restricted access to healthcare or education especially …

While the IPO market roars back, venture remains leery

Ben Narasin Crunch Network Contributor Ben Narasin was an entrepreneur for 25 years, a seed investor for 8 and is now a VC as a General Partner at Canvas Ventures. More posts by this contributor: How to join the network The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. JPMorgan alone said they …

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

Why the top entrepreneurs are seeking corporate venture money

When NBCUniversal needed to get young viewers to tune into the 2016 Olympics in Rio this summer, it turned to BuzzFeed, the social media-driven media company in which it had invested $200 million a year earlier. NBCUniversal knew the millennial audience — and the lucrative advertising dollars that follow them — would be key to achieving their aggressive advertising goals. The challenge? NBCUniversal’s most popular …

New auto tech VC firm V5 starts out with a $200M fund

Cars are almost the new social apps when it comes to VC interest, especially given the pace of development of autonomous car tech and self-driving systems. It makes sense then that we’d see more dedicated automotive tech investment vehicles, including the just-launched V5, which is helmed by father and son team Sam Valenti III and Sam Valenti IV, sequentially-named investors who have orange $150 million …

Greylock closes $1 billion fund

Greylock Partners is getting another $1 billion to invest in startups. The long-time venture capital firm is announcing its 15th fund, bringing the total to $3.5 billion currently under management. With 50 years of investing in the books, Greylock has backed industry leaders in the enterprise IT and consumer internet categories, including LinkedIn, Dropbox, Facebook and Airbnb. Their limited partners are betting that they will …