1.
SoftBank group to invest $500 million in venture capital funds in Latin America
Japan’s SoftBank Group Corp is planning to invest $500 million in venture capital funds in Latin America, its managing partner in Brazil, Andre Maciel, said on Friday. Reuters reported earlier that SoftBank was in talks with venture capital firms in Latin America related to investments, in a move likely to speed up spending of a $5 billion regional venture capital fund launched in March. [ Reuters ] Checkout 15K+ Venture Capital Data on our platform.
2.
Berlin-based electronics subscription service Grover closes €41 million in pre-Series B funding
Berlin-based startup Grover – which specialises in flexible technology rentals from computers to cameras, games and cameras – has raised €41 million. The additional capital will be used to further expand Grover’s market leadership in the consumer electronics rental space and to fuel its fast-progressing international expansion. [ Tech.eu ] Checkout 15K+ Venture Capital Data on our platform.
3.
Grammarly raises $90M at over $1B+ valuation for its AI-based grammar and writing tools
While attention continues to be focused on the rise and growing sophistication of voice-based interfaces, a startup that is using artificial intelligence to improve how we communicate through the written word has raised a round of funding to capitalise on its already profitable growth. [ Tech Crunch ]
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4.
Venture Capital -- Unicorn Blood On The Street
Earlier this year, signs abounded that smart money was still piling into venture capital. According to the PitchBook-NVCA Venture Monitor, U.S. venture capitalists are expected to pour over $100 billion into startups for a second straight year, following the previous record invested in 2018. Hedge funds leaders including Coatue and others have announced special vehicles for venture/growth equity. [ Forbes ] Checkout 15K+ Venture Capital Data on our platform.
5.
Lilium reportedly looking to secure €454M for its flying taxis to get ahead of Uber Air
Currently, micro mobility is the buzzword when we talk about short distance commute in a city or urban landscape. This is expected to change in a span of few years when flying cars take off, and there are several companies that are working on making this a reality. Uber Air, Volocopter and Lilum are working on their respective air taxi services and as per a TechCrunch report, the German startup Lilium is in talks with investors to raise a notable amount of funding. [ Silicon Canals] Checkout 15K+ Venture Capital Data on our platform.
6.
One Of New York’s Top Seed Investors Takes On Outside Capital For The First Time
When entrepreneur Zachariah Reitano learned that his sister had a serious illness in 2015, he called one of his investors, David Tisch. Known to friends as “Z,” Reitano had founded a local marketplace app called Shout to take on Craigslist two years before; after completing the famed startup program Y Combinator, he’d moved back to New York City and set up shop in the offices of early-stage investment fund BoxGroup and its founder, Tisch. [ Forbes ] Checkout 15K+ Venture Capital Data on our platform.
7.
WeWork Asks SoftBank for More Funding Amid Bankruptcy Concerns
WeWork may just get another chance to turn things around next week. The real estate startup is reportedly meeting with investors at JPMorgan in hopes of closing a debt deal for $3 billion, sources confirmed to CNBC. The We Company is also in talks with its major shareholder SoftBank, which has already poured billions of dollars into the unicorn over the years. WeWork is hoping to get another $1 billion investment from the Japanese conglomerate as it moves forward rebuilding the company after its disastrous non-IPO. [ Observer ] Checkout 15K+ Venture Capital Data on our platform.
8.
Are We Entering A New Age Of Venture Capital?
The wind of change is blowing across Venture Capital. Not confined to a specific market or geography, the relationship between VCs and the companies they invest in has shifted culturally and economically. There is a sense that models are in need of a change to safeguard otherwise resilient sectors such as tech from the fated ‘bubble’ scenario that many sceptics see on the horizon, and with this, the deal structures and ultimately ROI is also changing. With a series of disappointing, or worse still, failed tech IPOs hitting the market over the past year, a rather grey cloud is beginning to shadow the world of start-up financing. [ Forbes ]
Checkout 15K+ Venture Capital Data on our platform.
9.
Klarna CEO Sebastian Siemiatkowski to speak at Disrupt Berlin shortly after raising $460 million
Klarna is quietly becoming a fintech giant. Following its latest founding round, the company is now valued at $5.5 billion. That’s why I’m excited to announce that Klarna co-founder and CEO Sebastian Siemiatkowski will join us at TechCrunch Disrupt Berlin. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
10.
How to Decide Between Bootstrapping and Raising Venture Capital
In this panel, we host two founders who have each grown their respective startups to stratospheric levels, but with very different funding approaches. Kathryn Petralia, co-founder and president of SMB FinTech Kabbage, has raised prodigious venture capital, including $500 million in equity from the likes of the SoftBank Vision Fund. Meanwhile, Ben Chestnut, co-founder and CEO of Mailchimp, has built a massive and well-known email automation business entirely by bootstrapping. Why did they choose their different financing strategies? Come hear from two leading founders about how they thought through their fundraises and the lessons we can
all learn from their experiences. Checkout 15K+ Venture Capital Data on our platform.
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