Worldwide venture capital investments into solar energy technology have dipped in 2017, with both deal count and total equity invested down from last year. As of late June, investors have given $254 million in 21 deals to companies in the solar industry this year, compared to $813 million over 102 deals last year, according to […]
Venture capitalists convening in Washington for the White House summit called “tech week” will meet on Thursday with President Trump and discuss such emerging technologies as drones and the Internet of Things, according to a senior White House official. The American Leadership in Emerging Technology summit on June 22 will feature breakout sessions on the […]
Trump administration officials continue to review the International Entrepreneur Rule as the deadline approaches for it to take effect. On Tuesday, the San Francisco Chronicle reported that the White House plans to delay and then rescind the rule altogether, citing an anonymous administration official who referred to an unpublished draft of a Federal Register notice. […]
Morado Venture Partners is targeting a $75 million third fund, according to a regulatory filing. The Palo Alto, California-based seed-stage firm invests in companies working with data, according to its website, and is led by Ash Patel and Michael Marquez. No investors have committed to the fund, according to the filing.
New Media Ventures has committed $1 million in funding to 14 startups working in politics, media and tech, the firm announced. The San Francisco-based venture firm invests in startups that are dedicated to progressive values and seeks to unify the tech world of Silicon Valley with the political world of Washington, D.C.
Venture capital investments in U.S.-based cannabis-related startups have dropped in 2017 compared to the two years before. As of mid-June, four cannabis or medical marijuana startups have raised $7.73 million from venture investors, compared to eight companies in 2016 that raised $36.65 million, according to VCJ’s analysis of Thomson Reuters data. U.S. investments cannabis startups […]
GV and Salesforce Ventures are the most active corporate venture capital investors worldwide in 2017 as of mid-June, with GV leading the pack with 34 deals. Salesforce Ventures trailed at 18 deals, followed by Novo A/S, Microsoft Ventures and GE Ventures at 17 deals each, according to VCJ‘s analysis of the investment data from Thomson […]
The legal clashes over beach access at the site of venture capitalist Vinod Khosla’s property have resumed, with two separate cases being heard in June. Attorneys for Khosla appeared before a panel of state appellate justices in San Francisco on June 15 to present arguments related to the public-access dispute. A hearing for a related […]
A federal rule that would allow foreign-born entrepreneurs a new pathway to enter or remain in the United States to build their startups has been flagged for review by the Trump administration before it is scheduled to go into effect in July, prompting speculation over whether the regulation will be delayed or ultimately rejected. The […]
MetaProp Ventures announced a second fund targeted at $25 million, according to a regulatory filing. The New York-based firm is led by Aaron Block, Zachary Aarons, Zachary Schwarzman and Clelia Peters and invests in real estate technology startups, according to its website. In 2015, the firm raised an unspecified amount, according to Thomson Reuters.
Initial coin offerings continue their breakneck rise as an alternative form of fundraising, overtaking venture capital as the preferred method of raising equity among blockchain startups. In 2017, year-to-date through early June, blockchain startups have raised more than $405 million through ICOs, token sales and crowd sales, compared with $295 million raised through traditional venture […]
Sway Ventures is raising a second fund at $250 million, according to a pair of regulatory filings targeted at $85 million and $165 million. No commitments have yet been raised. The San Francisco-based firm invests in early to mid-stage technology companies, according to its website, and is led by Brian Nugent and William Malloy III. In December 2016, AITV announced it would rebrand as Sway Ventures. As AITV, the firm said it raised $173 million for its first fund.
Online education startup Coursera announced that it raised $64 million in a Series D round in early June, with funding from GSV Capital, Kleiner Perkins, New Enterprise Associates, Learn Capital and the Lampert Foundation. The funding brings the company’s total amount of capital raised to $207.8 million to date, with a reported valuation at $800 […]
The number of venture investment deals closed in May 2017 was lower than the year before in the healthcare, information technology, security, and cleantech sectors, according to VCJ’s analysis of the preliminary data from Thomson Reuters. Deal value was also down in those sectors, except for healthcare, which raised $1.24 billion in May 2017, compared […]
Elizabeth Rossiello launched a foreign-exchange startup on the blockchain long before the concept was cool. Her company, BitPesa, enables African businesses to make fast and inexpensive national and international payments using a platform built with the bitcoin blockchain technology. Since the company launched in 2013, Rossiello, 35, has weathered skepticism about investing in cryptocurrencies and investing […]
Costanoa Ventures is raising a third fund targeted at $175 million, according to a regulatory filing. Fund II raised $135 million, according to Thomson Reuters. The firm is based in Palo Alto, California, and is led by founder and Managing Partner Gregory Sands. It focuses on early-stage companies developing data-driven applications, business networks and marketplaces, the mobile economy, and agile infrastructure, according to its website. No investors have committed to the fund, according to the filing.
President Donald Trump raised many eyebrows and much ire on June 1 when he announced that the United States would pull out of the Paris climate agreement. Many venture investors criticized the decision but maintained that it would not substantially affect the trajectory of innovation in the United States or their own investment decisions. To them, the […]
Ponoi Capital announced plans to raise a first fund targeted at $150 million, according to a regulatory filing. The San Francisco-based firm is led by David Goeddel, Peter Svennilson and Tim Kutzkey. No investors have committed to the fund, according to the filing.