Vermillion Cliffs Ventures announced the closing of a $25 million Fund II on Wednesday. The firm was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo female GPs in venture capital. Speaking to TechCrunch, Smith said the fund will continue the firm’s thesis of supporting tech founders, particularly…
E-commerce logistics company Stord raises $250 million funding round at $3 billion valuation announced Tuesday This has doubled its valuation from a year ago. The new funding was led by Strike Capital, with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared and Bond. Stord was founded in 2015 by then-college students…
Early-stage venture firm A* Capital announced Tuesday $450 million Fund III. The company takes a generalist approach, supporting companies across a variety of categories including AI applications, fintech, healthcare and security.The average check size for this fund will be between $3 million to $5 million, which aims to support at least 30 startups. Like the…
Tim Cook plans to step down from his CEO post in September, Handing over the reins to hardware chief John Ternes. Turnus may be inheriting one of the most enduring businesses in technology, but he’s also stepping into a very different ecosystem than the one Cook has spent decades shaping. The 30% cut of the…
Gateway Capital Partners, the venture firm founded by Dana Guthrie, announced the first closing for its $25 million Target Fund II earlier this week, the Milwaukee-based firm told TechCrunch. Gateway Capital previously declined to share the exact amount of the closing. The earlier closing means that Fund II can begin its investment operations. Gutherie said…
After last month’s news New York’s hottest venture firm, ThriveHaving just raised $10 billion for a new fund – its largest ever, double the previous fund – another big-name VC firm is attempting to match that fund. General Catalyst is in talks to raise $10 billion from unnamed sources Tell Bloomberg. The firm, which has…
AI continues to dominate the enterprise world, According to a new Crunchbase report. A record $189 billion of global venture capital flowed into startups in February, according to the report. AI startups raised a total of $171 billion, or 90% of the capital raised last month. It’s an astonishing number that feels like only the…
Thrive Capital recently raised $10 billion for a new fund – its largest fund raised to date and almost double the size of its previous fund. Of this, $1 billion is dedicated to early-stage investments, while the rest is for growth-stage investments, according to a Announcement from the firm. Thrive told Bloomberg this was its…
All startups accepted into YC will soon have the option to receive their seed checks through stablecoins, crypto YC partner Nemil Dala Told The Block. yc is famous “Standard Deal” The thing is, it invests $500,000 in startups accepted into its program in exchange for 7% of their companies. Now this deal is impacting blockchains…
organic food company Once upon a time in a field, The company, famous for its baby food and children’s snacks, is reviving its IPO plans. SEC filing And Reuters. The company initially planned to have its IPO last year, however, it put it on hold due to the government shutdown. But it filed an updated…
