The UK is stepping up its game to support diverse investors and founders. A whopping £500 million (around $674 million) is being put into action by the British Business Bank, a government-owned entity. This money is aimed at helping underrepresented fund managers and founders get the backing they need. Out of this package, £50 million is specifically earmarked for f...
A venture capital firm has just raised a substantial amount of money to support new businesses. The firm is called Halogen Ventures. It was started by Jesse Draper. She is the daughter of a well-known investor, Tim Draper. The new fund is called Fund III. It has $30 million. This money will be used to invest in early-stage startups. These startups are working on ide...
A well-known investment company had a close call on a Wednesday. For a short time, the company's X account, which has a large following of 851, 000 people, was taken over by scammers. The hackers posted a fake message about a crypto "airdrop, " tricking many into thinking they could get free crypto. They even claimed that $5 million had already been given away. The s...
A fresh wave of investment is sweeping across Europe, focusing on startups that prioritize both the planet and people. This shift is evident in the recent closure of a €100 million fund by Revent, a European venture capital firm based in Berlin. The fund, known as Fund II, is specifically earmarked for startups that tackle issues related to planetary and societal hea...
A seasoned tech professional has swiftly caught the eye of major investors. Roi Tiger, an Israeli tech expert, is currently in the midst of securing a substantial $55 million funding round for his new cybersecurity venture. This news comes hot on the heels of a $20 million seed funding round secured just a few weeks prior. Tiger's new company is still under wraps, ...
Madrona, a Seattle-based investment firm, has just hit a big milestone in its 30-year history. The company announced it has raised $770 million, its largest fund to date. This is quite a feat, especially when many venture firms are struggling to raise funds. Why the excitement around Madrona? Well, it's done well in distributing capital back to its investors, even in...
Andre Iguodala, known for his 19-year NBA career and four championship rings with the Golden State Warriors, has dived into business the moment he retirement was announced. Unlike many athletes, he didn't just rest on his laurels. Iguodala has been quietly building his next chapter. Alongside co-founder Rudy Cline-Thomas, he started Mosaic, a venture capital fund wit...
Tech company Nvidia is in discussions with Elon Musk about investing in his AI startup, xAI. This startup is the power behind the Grok chatbot on Musk's X social network. According to reports, xAI is looking to raise billions of dollars, aiming for a valuation of around $40 billion. The company has been talking to venture firms and strategic investors, including Nvid...
Ever wondered how a 40-year-old politician like JD Vance piled up a fortune worth millions? Let's dive into his journey from a tough childhood to becoming a wealthy venture capitalist. Vance's wealth is estimated to be between $4. 8 million and $11. 3 million. Sure, it's not as much as his running mate, former President Donald Trump's $6. 7 billion fortune, but it's...
Mira Murati, the former Chief Technology Officer (CTO) of OpenAI, announced her departure from the company last week. In a post on a popular social media platform, Murati expressed her gratitude for the opportunity to work with the OpenAI team and revealed that she was leaving to explore new opportunities. With her departure, venture capitalists are eagerly waiting t...