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Venture Capital News
TechCrunch
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Venture studio Diagram expands into climate tech with oversubscribed fund
- Montreal-based venture studio Diagram has raised $80 million CAD for its fourth studio fund, Diagram ClimateTech Fund.
- Diagram has expanded its startup incubator model into climate tech, focusing on building capital-lean digital solutions across various climate categories.
- Diagram selects founding teams after validating opportunities and provides capital, potential customers, and wireframes for product development.
- The firm has already built two climate-focused startups: Relion, a platform for EV charging infrastructure solutions, and Lyteflo, an electric vehicle sales enablement solution.
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Medium
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Botanika Raises $1.5M to Unleash the Future of Decentralized Data Storage
- Botanika has raised $1.5 million in funding to develop a decentralized data storage network.
- The company aims to leverage blockchain and decentralized technology to create a hyper-scalable, plug-and-play storage solution.
- Botanika's technology includes AI-driven algorithms and B1 hardware nodes for efficient, secure, and accessible decentralized storage.
- The company envisions creating a new framework for data storage and invites users to join their movement.
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Medium
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Aligning Profit with Purpose: The Impact Revolution in Venture Capital
- Venture capital can drive both meaningful social impact and deliver positive financial returns.
- Kapor Capital is an example of a VC firm that achieves social impact and strong financial returns.
- India's venture capital ecosystem addresses structural inequalities and generates strong returns.
- Europe is integrating impact with venture capital, with a focus on UN Sustainable Development Goals.
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Medium
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All Iron Ventures is now Acurio Ventures
- All Iron Ventures has rebranded as Acurio Ventures after six years of operations.
- The rebranding emphasizes their commitment to innovation, entrepreneurs, and their long-term vision.
- Acurio Ventures aims to grow internationally while maintaining their entrepreneurial approach and principles.
- They take inspiration from Juan de Acurio, a sailor from the Magellan-Elcano expedition, highlighting resilience, determination, and teamwork.
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Saastr
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Dear SaaStr: I’m at $50m ARR Losing $10m A Year. How Do I Get to Break-Even Fast?
- To get to break-even fast when you're at $50m ARR and losing $10m a year, there are a few strategies you can consider.
- Firstly, evaluate your sales team and cut anyone below mid-pack. Concentrate leads in your top closers to boost performance.
- Secondly, sell harder but focus on your core Ideal Customer Profile (ICP) with the highest win rates. This allows you to conserve cash and be more efficient.
- While these strategies may bring short-term relief, they may hinder long-term growth. Consider them as temporary measures to achieve break-even.
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Medium
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Zenith Ventures Expands Leadership Team to Power Nordic Startups from Inception to Liquidity
- Zenith Ventures expands its leadership team to provide comprehensive support to Nordic startups.
- The new hires strengthen Zenith's commitment to be the go-to-partner for Nordic founders.
- With the addition of Oliver and Dany, Zenith aims to build a venture capital powerhouse.
- The experienced partner group brings diverse expertise in entrepreneurship and venture capital investment.
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StartupDaily
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Bailador drops another $5 million into fintech DASH to acquisition ambitions
- Bailador invests an additional $5 million in fintech Dash Technology Group.
- The investment will fund Dash's acquisition of Integrated Portfolio Solutions (IPS).
- Dash is a cloud-based financial advice and investment management software platform.
- The acquisition will allow Dash to provide a comprehensive technology solution for wealth management.
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Medium
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Driving Climate Justice in the Golden Age of Conscious Investment
- Investing in ethically driven, climate-positive companies is crucial for society to move forward and prosper as biodiversity is crucial to our future as a human race and ensures food security and combats disease while businesses benefits from it.
- Diversity and inclusion are necessary across organizations, in leadership, and in investment decisions, as racial disparities in learning start before formal schooling, mainly affecting marginalized groups.
- On average, math scores for Black students entering kindergarten are 21% lower than those of white students, and black and Latino populations received fewer callbacks than equally qualified white applicants in the workplace.
- Women held 38% of manager-level positions, while men held 62%, and in 2019, women received a mere 2.8% of venture capital funding across the startup ecosystem, yet they own 39% of all businesses in the US.
- A study published in PANS found that Black and Hispanic communities are exposed to far more air pollution than they produce, in addition to the high risk of sea levels rising in coastal areas where African Americans make up much of the population.
- Venture capitalists are closing the funding gap by making diversity and inclusion in investments strategies as more than 75% of VCs strongly agree that it's possible to invest in women and multicultural entrepreneurs while maximizing returns.
- VCs can use accountability practices, such as implementing diversity and sustainability in the DNA of each ethically-driven investment and ensuring for public sharing of gender and racial/ethnic diversity of a portfolio company's partners, board of directors, and C-suite.
- Delphi VC aims to keep climate change at the forefront and infuse it with capitalism, achieving diversity and sustainability in every investment that provides holistic health and wellness through frontier technology that can help move society forward and prosper.
- The private sector has the potential to change the business landscape by making conscious investments that check privilege and promote environmental conservation, racial equality, and innovation.
- This golden age of conscious investment has a bright future that can help society to move forward and prosper, as it is possible for human health, our planet's health, and racial equality to progress together.
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Insider
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OpenAI backer Vinod Khosla on why all the executive departures may be a good thing, taking on Elon Musk, and fixing AI's image problem
- Vinod Khosla, one of the first investors in OpenAI, believes that the current AI hype cycle is justified and expects further rapid growth for the company.
- Despite recent high-level departures at OpenAI, Khosla supports the organization's rationalization for agility and speed.
- Khosla acknowledges AI's PR problem and aims to change the narrative by highlighting the societal benefits of AI, such as reducing crime and eliminating menial labor.
- Khosla criticizes the negative environment on Twitter, comparing it to the extremist group 4Chan, and acknowledges Elon Musk's positive impact on climate change.
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Siliconangle
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Former Amazon executive Dave Clark raises $100M for new supply chain startup Auger
- Former Amazon executive Dave Clark has raised $100 million in funding for Auger Inc., a new supply chain software startup.
- The seed investment was led by venture capital firm Oak HC/FT.
- Auger aims to develop a platform that helps large enterprises manage their supply chains using artificial intelligence.
- The funding will support product development, hiring, and potential acquisitions to enhance the platform.
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Insider
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Cloud API startup Kong valued at around $2 billion in a new funding round led by Tiger Global
- Cloud API startup Kong has been valued at around $2 billion in a new funding round led by Tiger Global Management.
- Kong offers a cloud-based API, which serves as the backbone of the internet.
- This latest funding round follows Kong's previous $80 million Series D funding in 2020, which valued the company at $1.4 billion.
- Tiger Global, known for its rapid investments, is making a comeback in the tech market and recently invested in OpenAI as well.
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Medium
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Why founders should leave San Francisco and go on their own Eras Tour
- Founders should leave San Francisco and explore outside their startup ecosystem.
- The robust startup community in San Francisco can become an echo chamber.
- Founders should take the approach of Taylor Swift's Eras Tour, reaching out to customers directly.
- By meeting customers, observing their problems, and sharing ideas, founders can find valuable problems to solve.
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Siliconangle
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Prime Security launches with AI-powered design stage security platform and $6M in funding
- Israeli startup Prime Security has launched a design-stage security platform.
- The company has raised $6 million in funding to accelerate research and development.
- Prime Security's AI-powered platform helps organizations detect vulnerabilities early and collaborate effectively with engineering teams.
- The platform integrates with tools like Jira and Confluence to identify and address security risks during the design phase.
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Medium
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Why We Invested in Top Tier Lessons
- Top Tier Lessons is a three-sided marketplace that connects student athletes with parents in the local community looking for sports lessons for their kids.
- The platform has already processed initial transactions and executed successful clinics, establishing a solid foundation for future growth.
- Investors believe that with focused execution, Top Tier Lessons can achieve significant market penetration and become a category-defining business in the NIL space.
- The platform aims to unlock opportunities for college athletes and provide valuable coaching to young athletes nationwide.
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Medium
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Krypital Group September Review
- In September, deBridge hit a significant milestone, surpassing $4.1 billion in total transaction volume across its ecosystem, marking a strategic move in bridging Bitcoin liquidity to alternative chains.
- ZeroLend launched an exclusive market for BTC-based restaking tokens in collaboration with Pendle and EtherFi, and also officially launched on Base with AerodromeFi.
- Injective introduced new real-world asset (RWA) markets including tokenized stocks, ETFs, and real estate, as well as launched the first-ever perpetual market for BlackRock's BUIDL ETF.
- Pyth Network launched Oracle Integrity Staking (OIS), incentivizing high-quality data for over 500+ real-time price feeds enhancing data integrity across DeFi.
- Raiinmaker introduced the AI Reputation system, allowing users to earn rewards based on their contributions to training decentralized AI models, and partnered with Jambo to democratize Web3 and AI in Africa, Southeast Asia, and Latin America.
- SolvBTC.BBN Integration with SatLayer allows stakers to earn additional rewards on Babylon ecosystem, while Solv Protocol introduced SolvBTC.CORE, a liquid staking token for Bitcoin, in collaboration with the Core ecosystem.
- Autonomys is preparing for a two-phase mainnet launch, with Phase-1 in October 2024 focusing on the core consensus layer, and Phase-2 in Q1 2025 introducing the domain layer.
- Glassnode report highlights that recent market activity for Bitcoin shows resilience despite volatility, with demand playing a key role in mitigating more significant declines, and market corrections remaining milder compared to prior bull markets.
- According to CryptoQuant and Coinglass, Ethereum futures funding rates show renewed optimism, signaling that traders are showing a renewed willingness to open long positions in the perpetual futures market, and further fueling bullish sentiment in the crypto space.
- Krypital Group is a leading global venture capital firm and blockchain incubator, investors and incubators to more than 100 projects.
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