Is venture capital funding becoming obsolete? As The New York Times reports, some entrepreneurs are starting to reject offers of funding, suggesting that founders are trending away from the traditional VC model. More than that, we're seeing leaders in the startup space outwardly express the need to shift focus away from VC funding. Bryce Roberts, co-founder of O'Reilly AlphaTech Ventures,…
Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal told Fortune, however, that the latest round…
Analytic IP vendor UltraSoC Ltd. (Cambridge, England) has raised £5 million in equity funding from European venture capital firms to target expansion and security applications. Investors eCapital, with an interest in cybersecurity, and Seraphim Capital, a specialist investor in the space ecosystem, joined existing UltraSoC investors Indaco Venture Partners, Octopus Ventures, Oxford Capital, Techgate, and business angel Guillaume d’Eyssautier, in…
Technology is not just about gadgets that you can buy and the software that you may use on these gadgets, at home, and in office. There is a great deal of focus on digital tech that may be able to solve problems which otherwise may remain not tackled. Startups play a critical role in that space, and the United Kingdom…
IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings Ltd, has made a Limited Partner-style investment in the second venture capital fund of US-based CerraCap Ventures. The investment will give IIFL Wealth access to investment opportunities in technology businesses on a global front, managing director and CEO Karan Bhagat said in a statement. IIFL Wealth made the…
Startup Wise Guys, the Estonian-founded and now Riga, Latvia-based startup accelerator, has become an official partner for Google Developers Launchpad in the Baltics to support the growing Baltic startup industry. The “Startup Wise Guys Powered by Google Developers Launchpad” initiative will connect Startup Wise Guys to an elite group of the world’s top accelerators, allowing it to share information and…
As South America’s largest country, Brazil has the potential to be an economic powerhouse. But over time, political turmoil, largely as a result of corruption, has marred the economic landscape. Still, despite the political upheaval in recent years, the country’s startup scene has seen some serious acceleration, reflecting a general trend we’re seeing in Latin America as a whole According…
The best salespeople like to pride themselves on having both a sixth sense when it comes to closing a deal, and a healthy amount of persuasive magic to get a sale over the line. Now, a startup that says it can help any salesperson be like those top people, and help those top people be even better, has raised a…
New York-based technology hedge fund Coatue Management is in talks to lead a $120 million funding round in Mumbai-based Rebel Foods, best known for its Faasos brand of cloud kitchens, said three people aware of the matter on the condition of anonymity. A potential deal would mark Coatue’s second investment in India. The company, founded by Philippe Laffont, invested a…
The country's second-largest private lender, is ramping up its focus on startups and has launched a fund to help them access capital as it seeks to expand its footprint in the growing space. Sources told TOI that the fund has been started with an initial corpus of $25-30 million but approvals are in place to increase it quickly. "It's a…