Despite the newfound potential for liquidity that cryptocurrencies offer, venture investors say they view them with largely the same long-term mindset they give to other company investments. And just because a company is working in the blockchain sector does not mean it should issue its own digital token. Those were a couple of the takeaways […]
Venture investors are eyeing custody banking for digital assets, both as an investment sector and as a resource firms may use as they grapple with how to hold digital tokens and cryptocurrencies in their funds. Some blockchain companies have begun to offer custody for a limited number of tokens, but none have settled on a perfect solution. […]
Ethereum co-founder Vitalik Buterin has left Fenbushi Capital, a Shanghai-based venture firm focused exclusively on blockchain technology, according to TechCrunch. The firm was founded in 2015 and lists Feng Xiao and Bo Shen as general partners in addition to Buterin. Buterin, a 23-year-old Russian-Canadian, developed Ethereum in 2013 and is among the most prominent figures […]
Equity invested in the healthcare, cleantech, information technology, and security sectors increased in December 2017 compared to the same month a year prior. But deal count in each of those sectors remained relatively stable or dropped compared to December 2016. That’s according to VCJ’s analysis of preliminary data from Thomson Reuters. The cleantech sector saw […]
In 2018, venture investors can expect to see at least one healthcare IT unicorn exposed as being overhyped, an uptick in successful IPO and M&A exits in the sector, and Amazon kept at bay from disrupting pharmacy-benefits managers. That’s according to Venrock Partners Bob Kocher and Bryan Roberts, who discussed their annual predictions for the […]
Industrial analytics software company Element Analytics announced it has raised $19.5 million from venture investors including GE Ventures, Honeywell, ABB, Mitsui, Aster and Blue Bear Capital . They join previous investors, such as Kleiner Perkins Caufield & Byers, which invested thought its Green Growth Fund, and private investors. The new funding brings the company’s total equity […]
Healthcare venture fundraising hit a record-high of $9.1 billion in 2017, and venture investments in the sector are projected to hit a record of $15.5 billion in 2017, once the final numbers are tallied. That’s according to Silicon Valley Bank’s annual Trends in Healthcare Investments and Exits Report. Fundraising in 2017 increased 26 percent over […]
Venture investments in North American cannabis companies ticked up in 2017 as more U.S. states and Canada rolled out legislation allowing recreational use of the drug. In 2017, venture firms invested $88.8 million into 18 cannabis-related companies in North America, up from $37.4 million invested in nine companies in 2016, preliminary Thomson Reuters data shows. The […]
Founders Fund bought $15 million to $20 million worth of bitcoin across several of its most recent funds, and that investment has ballooned to hundreds of millions of dollars, the Wall Street Journal reported on Tuesday. Cryptocurrency prices saw a boost in the wake of the news, with 21 of the top 25 digital currencies climbing […]
Mergers and acquisitions of U.S.-based companies dropped in 2017 compared to the years prior, both in terms of the number of exits and their total disclosed value, according to VCJ’s analysis of preliminary data from Thomson Reuters. Through mid-December, 298 private venture-backed companies exited in 2017, compared with 313 in 2016 and 388 in 2015. […]
When all is said and done, U.S. venture fundraising in 2017 will finish a couple of billion shy of $30 billion. But overall U.S. fundraising dropped in 2017 compared with the previous two years, in terms of the number of funds and the total amount raised. Through Dec. 27, U.S. venture firms raised 248 funds […]
Tribeca Venture Partners is raising a venture fund targeted at $150 million, according to a regulatory filing. The New York-based firm is led by Brian Hirsch and Charles Meakem, and makes early-stage investments in technology sectors including AI and machine learning, healthcare IT, fintech, robotics, and SaaS. The fund, Tribeca Growth Fund, lists no investors.
N5Capital is raising a second venture fund, targeted at $200 million, according to a regulatory filing. The Beijing-based firm makes early-stage investments in the consumer, fintech, sports, and content sectors, according to its website, and is led by Will Jiang and Weiguo Zhao. The filing lists no investors.
New Enterprise Associates made the most venture deals for the second year in a row in 2017, with 125 investments totaling $914 million, according to VCJ’s analysis of preliminary Thomson Reuters data through mid-December. That means NEA invested in 2 1/2 companies a week on average. Sequoia Capital followed, with 81 deals totaling more than […]
In January 2017, initial coin offerings were an obscure fundraising mechanism with all-time cumulative funding totaling less than $300 million. By early December, that amount had increased more than 14-fold to nearly $4.3 billion. Over the course of the year, ICOs incited skepticism and curiosity, elicited celebrity endorsements, and prompted the creation of a new […]
Kleiner Perkins Caufield & Byers had the most M&A deals among U.S. venture firms in 2017, with 14 portfolio companies to exit. That’s according to VCJ’s analysis of preliminary disclosed data from Thomson Reuters. Those companies, which include application performance management solutions company Appdynamics, photo-video music app Flipagram, IT platform Simplivity, and biotech company True […]
Science Inc has raised $12,298,073 toward its venture fund via an initial coin offering, according to a regulatory filing. The Santa Monica, California-based firm is led by Mike Jones, Peter Pham, Gregory Gilman and Tom Dare, and it invests in such sectors as mobile media, Internet of Things, gaming, fintech and blockchain, according to its website. The fund, Science Blockchain Pte Ltd, was hard capped at $100 million, according to the offering memorandum. It is Science’s fourth fund, following two incubator funds and one venture fund. The filing lists 389 investors.
The majority of venture-backed startups ultimately fail, and most of those shutter with little fanfare. VCJ looked back at some of the more memorable companies that ceased operations in 2017, which raised a combined $1.68 billion in venture funding before going extinct. Several of the companies that closed down in the first half of the […]