HACK Fund is scaling its model of tokenized investing to launch a $100 million venture fund. Launched in 2008 by Jonathan Nelson as a network of meetups for entrepreneurs, Hackers/Founders in 2011 founded an investment co-op as a series of special-purpose vehicles to invest in early-stage companies. The SPVs enable investors to buy and trade blockchain-based […]
Agritech company Indigo in mid-September said it raised $250 million in Series E funding and launched a digital platform to help U.S. growers and buyers purchase and sell grain. Founded in 2014 by David Perry and Geoffrey von Maltzahn, the Cambridge, Massachusetts, company develops microbial and digital technologies aimed to improve profitability for growers, as well as health […]
Venture equity invested in healthcare-related companies has increased more than 12 percent since 2015, and the share of that cash going to biotech-related companies has seen the biggest increase, rising 28 percent. Year-to-date through mid-September, there have been 622 venture deals with 560 U.S.-based companies in the medical, health and life sciences sectors, having raised […]
Cosimo Ventures is launching a tokenized evergreen venture fund, as more firms incorporate blockchain technology into their fund structures. With offices in Boston, New York, and Dublin, Ireland, the firm plans to make early-stage investments in companies working in the blockchain technology, artificial intelligence, AR/VR, IoT and cybersecurity sectors. The Cosimo X fund will be […]
New York-based Alexandria Venture Investments is the most active venture investor in the medical, health and life sciences sector in 2018 to date, with 25 deals according to preliminary data from Thomson Reuters. The firm, founded in 1996 as the strategic venture arm of Alexandria Real Estate Equities, launched a seed-stage investment platform in January […]
The SEC levied its first charges and penalties against cryptocurrency firms for failure to register with the agency. The agency on Tuesday announced charges and fines against an online digital token exchange and its owners for being unregistered broker-dealers, as well as against a digital-asset hedge-fund manager for operating as an unregistered investment company. Both cases […]
Deal count dropped and equity from venture investors into U.S.-based startups rose in August 2018 compared with the same month a year before. Across all sectors, deal count dropped to 297 in August 2018 from 425 in the same month the year before. Meanwhile, equity invested rose 60 percent to $7.4 billion from $4.6 billion. […]
Internet-connected-stationary-bike company Peloton, preparing for an IPO, said in August it had raised $550 million, bringing total venture funding for U.S.-based fitness startups to $846 million through Sept. 6. That’s up 27 percent from $666.3 million in all of 2017. Investors are eager to get a piece of the fitness sector, where revenue reached $28 […]
Three months ahead of California’s gubernatorial election, private equity and venture investors are overwhelmingly backing Lt. Gov. Gavin Newsom, a Democrat, ahead of his challenger, the Republican businessman John Cox. Newsom’s gubernatorial committee has raised $21.6 million; that excludes contributions to ballot-measure or political-action committees and late contributions, according to a VCJ analysis of campaign-contribution data […]
Campaign contributions are pouring in ahead of the midterm elections set for 36 states. In California, for example, gubernatorial candidates Gavin Newsom and John Cox have raised a total of more than $50 million, with hundreds of individual donations from investors in PE and venture. And securities-law attorneys say that investment advisers — and particularly employees […]
Possible talks to take electric-vehicle company Tesla private have made headlines recently. Amid reports that Saudi Arabia’s public investment fund might supply the cash to support Tesla’s move to become private, Reuters reported that the sovereign wealth fund is in talks to invest instead in competitor Lucid Motors, with an initial outlay of $500 million. The […]
Funds raised by initial coin offerings have dropped this summer, with less funding raised in July than in any other month since November 2017. August projections also similarly low. The same is not true, however, for venture funding in the blockchain and cryptocurrency sector, which year-to-date in 2018 has reached 2.8 times the total raised […]
Pantera Capital has raised $71.5 million for a third venture fund, according to a regulatory filing.
A batch of startups that joined to launch a venture-fund portfolio on the blockchain is offering investors refunds after the presale of the fund’s initial coin offering raised roughly one-tenth of its goal. In January, a group of 30 participants in a 500 Startups accelerator program launched 22x Fund. The ICO aimed to raise $35 million […]
July saw venture investors pour more cash into deals with U.S.-based companies than they did the same month a year ago, as deal count dropped slightly. In July 2018, investors put $8.2 billion to work into 310 companies, compared with the $4.8 billion they invested in 373 companies the same month a year ago. That […]
ClearSky has raised $244.7 million of a targeted $300 million for its first security fund, according to a regulatory filing. The venture and growth equity firm has offices in Florida, New York, Boston and San Francisco, and is led by Alexander Weiss, Jay Leek, James Huff, James Goldinger, and Peter Kuper.