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Daphni Secures €200M for Third Fund, Aims for €250M Total

Daphni Secures €200M for Third Fund, Aims for €250M Total

French venture capital firm Daphni has announced the first closing of its new fund, Daphni Blue, raising €200 million (about $215 million). The firm plans to invest in 40 startups, focusing on fundamental science as a key driver of innovation. Limited partners include major players like Crédit Mutuel Arkéa and Bpifrance. Founding partner Pierre-Eric Leibovici emphasized the importance of differentiating investments while supporting sustainable technologies. Daphni is also actively recruiting talent with scientific backgrounds to enhance its investment strategy. The firm aims to prove its effectiveness in capital deployment and generating returns.

Created at: March 25, 2025 5:30am

Munich Re Acquires Next Insurance for $2.6B, Boosting Fintech Portfolio

Munich Re Acquires Next Insurance for $2.6B, Boosting Fintech Portfolio

Munich Re has signed a definitive agreement to acquire Next Insurance for $2.6 billion. Founded in 2016, the Palo Alto-based company specializes in insurance for small to medium-sized businesses and boasts over 600,000 customers. Despite facing valuation challenges in recent years, Next Insurance reported a revenue of $548 million in 2024. The acquisition will see Munich Re purchase the remaining 71% of shares it does not already own, with the deal expected to close in Q3 2025, pending regulatory approval.

Created at: March 20, 2025 7:00pm

CoreWeave Aims High with IPO Pricing Between $47 and $55

CoreWeave Aims High with IPO Pricing Between $47 and $55

CoreWeave has announced its initial public offering (IPO) pricing, aiming to sell shares between $47 and $55, potentially raising $2.2 billion to $2.6 billion. The company had initially targeted a raise of at least $3 billion. This price range is often seen as a strategic move to generate excitement for the IPO. CoreWeave's recent signing of a $12 billion agreement with OpenAI and the addition of Meg Whitman to its board may bolster investor confidence. The market will soon see if the company can surpass its fundraising goals.

Created at: March 20, 2025 5:30pm

European Startups Attract Over $52B VC Investment in 2024 Signaling Resilient Growth Amid Challenges

European Startups Attract Over $52B VC Investment in 2024
Signaling Resilient Growth Amid Challenges

Venture capital investment in European startups surpassed $52 billion in 2024, indicating a resurgence following the pandemic peaks and the downturn of 2023. Despite political and regulatory challenges, the report from Orrick highlights a stabilizing market with increased adoption of standardized investment documents. Equity deals have gained traction, with a focus on scaling businesses rather than early exits. Notably, 21% of financings involved SaaS models, while AI and DeepTech sectors saw significant investment. However, growth-stage funding remains limited, signaling a need for further support in this area.

Created at: March 20, 2025 3:30pm

Cyberstarts Turns $6M Investment in Wiz into $1.42B Windfall

Cyberstarts Turns $6M Investment in Wiz into $1.42B Windfall

Cybersecurity startup Wiz's acquisition by Alphabet is set to yield enormous returns for its early backers, particularly Cyberstarts. The Israeli VC invested $6.4 million in Wiz's seed round, now valued at a staggering $1.3 billion, marking a 222x return. Additionally, Cyberstarts previously sold shares worth $120 million, bringing total returns to $1.42 billion. Sequoia Capital, another prominent investor, is expected to gain $3 billion from its stake. This acquisition underscores the impressive performance of early-stage investments in the tech sector.

Created at: March 20, 2025 12:30am

Ribbit Capital Raises $500M Fund, Signaling Fintech Resurgence

Ribbit Capital Raises $500M Fund, Signaling Fintech Resurgence

Ribbit Capital is raising $500 million for its new flagship fund, Ribbit Capital Y, as reported by the SEC. This follows their previous $800 million fund raised in 2023. The Palo Alto-based venture firm is renowned for its fintech investments, having backed successful startups like Nubank and Robinhood. Recent activities include investments in emerging markets, particularly in India. Notably, the new fund size is smaller than the $1.15 billion raised in 2022, indicating a shift in market dynamics. The fundraising reflects a positive trend in the fintech sector.

Created at: March 19, 2025 5:30pm

Al Gore’s Just Climate Fund Secures $175M for Nature-Based Solutions

Al Gore’s Just Climate Fund Secures $175M for Nature-Based Solutions

Just Climate, an offshoot of Al Gore’s Generation Investment Management, has raised $175 million from Microsoft’s Climate Innovation Fund and CalSTRS. The fund aims to enhance investments in nature-based climate solutions, which have historically received less attention compared to energy and transportation sectors. This new initiative will focus on projects like reforestation and biological fertilizers to combat greenhouse gas emissions and restore biodiversity. Just Climate's first investment was in NatureMetrics, a company that surveys environmental DNA to assess biodiversity.

Created at: March 18, 2025 4:00pm

Venture Capitalist Aileen Lee Warns of Investor Exodus Impacting Unicorns

Venture Capitalist Aileen Lee Warns of Investor Exodus Impacting Unicorns

In a recent StrictlyVC Download podcast episode, VC Aileen Lee discussed the adverse effects of the current investment climate on unicorn companies. She highlighted how many startups are left unsupported due to the departure of seasoned investors and poor investment decisions made during the funding boom. Lee noted that limited partners hesitate to critique fund managers for fear of losing future investment opportunities. This has led to a troubling trend where companies are orphaned by their original backers, complicating their paths to recovery and exit strategies.

Created at: March 16, 2025 2:00am

Klarna Moves Closer to IPO with $1 Billion Target and Profitable Results

Klarna Moves Closer to IPO with $1 Billion Target and Profitable Results

Swedish fintech Klarna has officially filed its F-1 prospectus, marking a significant step toward its anticipated U.S. IPO, aiming to raise at least $1 billion at a valuation of $15 billion. The fintech company reported a revenue increase to $2.8 billion in 2024, along with a net profit of $21 million, a stark contrast to last year's loss. Klarna's valuation had previously plummeted but recently rebounded to $14.6 billion. The company is also innovating with its AI system, significantly reducing its workforce and costs. Investors are keenly watching this IPO as Klarna prepares to price its shares.

Created at: March 14, 2025 9:30pm

Trump Family Eyes Investment in Binance.US Amid Controversy

Trump Family Eyes Investment in Binance.US Amid Controversy

According to a report by the Wall Street Journal, the Trump family is in discussions to acquire a stake in Binance.US, despite the company's recent legal troubles. Binance's U.S. arm had previously pleaded guilty to anti-money laundering violations, leading to a $4.3 billion fine and the imprisonment of its founder, Changpeng Zhao. Zhao, who remains the main shareholder, has denied any discussions about the deal. The potential investment raises questions about the implications of a presidential pardon and its value in the crypto landscape. Zhao is currently ranked the 24th richest person globally.

Created at: March 14, 2025 10:30am

Moniepoint Secures Visa Investment to Enhance Contactless Payment Solutions

Moniepoint Secures Visa Investment to Enhance Contactless Payment Solutions

African fintech Moniepoint has received a strategic investment from Visa, aimed at enhancing financial inclusion and supporting SMEs across Africa. The fintech, which recently raised over $110 million, has now surpassed $120 million in its Series C funding. Moniepoint processes over 1 billion transactions monthly, with a total payment volume of $22 billion. The partnership will focus on launching contactless payment solutions, responding to Nigeria's push for cashless transactions. Visa aims to increase its presence in Nigeria’s SME market, leveraging Moniepoint's infrastructure for growth.

Created at: January 23, 2025 12:30pm

Caffeinated Capital Targets $400M for New Fund

Caffeinated Capital Targets $400M for New Fund

Caffeinated Capital, a San Francisco-based venture firm led by Raymond Tonsing, is aiming to raise $400 million for its fifth fund, as revealed in a recent regulatory filing. So far, the firm has secured $160 million towards this goal. If successful, this would mark the largest capital raise in the firm’s 15-year history. Caffeinated has notable past investments, including Airtable and Saronic. Varun Gupta, who joined Tonsing as a general partner in 2020, adds experience from his role at Affirm, a platform Tonsing also backed early on.

Created at: January 23, 2025 2:00am

Meta's $10 Billion Investment in Databricks: A Game-Changer for AI Collaboration

Meta's $10 Billion Investment in Databricks: A Game-Changer for AI Collaboration

Meta has announced a staggering $10 billion investment in Databricks, marking a significant milestone in the AI and data analytics landscape. This partnership aims to enhance both companies' capabilities, particularly in open-source AI models and global market expansion. The funding elevates Databricks' total venture funding to $14 billion and includes a $5.25 billion credit facility to support future growth. With over 8,000 employees, Databricks is eyeing a potential IPO within the year. This collaboration positions Databricks as a leader in data analytics innovation.

Created at: January 22, 2025 3:30pm

OpenAI, SoftBank, and Oracle Launch $50B Data Center Initiative

OpenAI, SoftBank, and Oracle Launch $50B Data Center Initiative

OpenAI has announced a partnership with SoftBank and Oracle to develop a series of AI-focused data centers across the U.S., starting with a significant facility in Texas. Dubbed The Stargate Project, the initiative aims to invest $100 billion initially, with plans to escalate to $500 billion over four years, creating 100,000 jobs. The project is designed to enhance American leadership in AI while supporting national security. High-profile figures, including President Trump, participated in the announcement, emphasizing the need for infrastructure growth in the tech sector as AI demand skyrockets.

Created at: January 21, 2025 10:30pm

Oui Capital Achieves Milestone with Moniepoint's Unicorn Exit

Oui Capital Achieves Milestone with Moniepoint's Unicorn Exit

Oui Capital, an early-stage African VC, successfully returned its $4 million debut fund following the sale of shares in the fintech unicorn Moniepoint. Initially investing $150,000, Oui Capital saw an impressive $8 million return after Moniepoint's valuation soared to $1 billion during its Series C funding. This achievement highlights the potential of early-stage investments in Africa's fintech sector. Oui Capital joins a select group of pan-African investors who have returned their first funds, illustrating the growing maturity and opportunities within the region's venture ecosystem.

Created at: January 20, 2025 8:00am

Rivian Secures $6.6B Loan to Boost Georgia Factory Plans

Rivian Secures $6.6B Loan to Boost Georgia Factory Plans

Rivian has finalized a significant $6.6 billion loan from the Department of Energy to support its upcoming factory in Georgia. The funding, part of the Advanced Technology Vehicle Manufacturing program, will aid in the construction process set to commence in 2026, with the first R2 SUVs anticipated by 2028. The loan is structured in two tranches, allowing Rivian to borrow up to $3.35 billion initially. Rivian faces scrutiny from Vivek Ramaswamy regarding the loan's terms and must meet specific performance milestones to access funds. Production was previously delayed, but the loan offers a path forward.

Created at: January 17, 2025 4:00pm

Bitcoin Climbs Back to $100k as Trump’s Inauguration Approaches

Bitcoin Climbs Back to $100k as Trump’s Inauguration Approaches

Bitcoin is on the rise again, nearing $100,000 ahead of President-elect Donald J. Trump’s inauguration on January 20. Analysts noted a recovery after Bitcoin had previously dipped to around $90,000 at the start of 2025. Trump's support for the blockchain industry has renewed investor optimism, with altcoins like XRP and Litecoin also experiencing significant gains. Many anticipate that Trump's administration will implement favorable regulations for cryptocurrencies, boosting market confidence. As the inauguration nears, the crypto market is poised for a potential surge, reflecting investors' hopes for a pro-crypto future under Trump.

Created at: January 17, 2025 2:31pm

Insight Partners Secures $12.5B Fund, Reinforces VC Dominance in New York

Insight Partners Secures $12.5B Fund, Reinforces VC Dominance in New York

Insight Partners has successfully closed Fund XIII and its second Opportunity fund, amassing $12.5 billion in new capital. This latest round brings Insight's total assets under management to $90 billion. The funds will primarily be allocated towards buyout software investments and reinvesting in existing portfolio companies. Notably, Insight's recent performance includes over $8 billion in exits through acquisitions. The firm remains competitive against rising VCs like Thrive, co-leading significant deals, including Databricks' $10 billion funding. This strategic move solidifies Insight's position as a leader in the venture capital landscape.

Created at: January 16, 2025 10:00pm

Failed Fintech Startup Bench Accumulates Over $65 Million in Debt Amid Bankruptcy

Failed Fintech Startup Bench Accumulates Over $65 Million in Debt Amid Bankruptcy

Bench, a fintech accounting startup, has revealed it filed for bankruptcy in Canada on January 7, 2025, with liabilities exceeding $65 million. The company, which raised $113 million since its founding in 2012, had only $2.8 million in cash at the time of filing. Most of its debt, $50 million, is owed to the National Bank of Canada, with over 85% being unsecured. The filings also disclose significant obligations to VC investors and former employees, totaling millions in severance and unpaid rent. Bench is currently undergoing acquisition by Employer.com amidst these financial challenges.

Created at: January 16, 2025 9:30pm

eToro Targets $5B US IPO in 2025 Amid Renewed Fintech Interest

eToro Targets $5B US IPO in 2025 Amid Renewed Fintech Interest

Trading platform eToro has confidentially filed for a US IPO that could value the company at over $5 billion, according to the Financial Times. The Israel-based fintech previously attempted to go public via a SPAC in 2021 but abandoned those plans in 2022. In March 2023, eToro secured $250 million in funding at a $3.5 billion valuation. The company allows users to trade various assets, including stocks and cryptocurrencies. Sources indicate that a formal listing in New York could occur as early as the second quarter of 2025, reflecting a resurgence in fintech IPOs.

Created at: January 16, 2025 6:30pm

Goldman Sachs CEO Advises Startups to Rethink IPOs

Goldman Sachs CEO Advises Startups to Rethink IPOs

At the Cisco AI Summit in Palo Alto, Goldman Sachs CEO David Solomon urged startups to reconsider going public, citing the benefits of remaining private. He emphasized that startups can achieve significant growth and secure funding in private markets without the complexities of being publicly traded. Solomon remarked, 'It’s not fun being a public company,' highlighting the challenges faced by public firms. Goldman Sachs is increasingly focusing on private companies, including its recent collaboration with Stripe on a substantial funding round. This perspective reflects a growing trend among tech startups to delay IPOs.

Created at: January 16, 2025 5:30pm

Pension Funds Embrace Bitcoin: A New Era for Retirement Savings?

Pension Funds Embrace Bitcoin: A New Era for Retirement Savings?

Pension funds are increasingly investing in Bitcoin, marking a significant shift for traditionally conservative investors. Notable schemes from Wisconsin and Michigan have emerged as major players in crypto investments, with Wisconsin holding $155 million in BlackRock's Bitcoin ETF. The rising value of Bitcoin, projected to reach $100,000, has prompted more funds to explore crypto. However, concerns about volatility and regulatory risks remain. Despite this, the trend suggests a growing acceptance of cryptocurrencies in retirement portfolios, reflecting a potential transformation in investment strategies for the future.

Created at: January 16, 2025 5:00pm

Hindenburg Research Shuts Down After Seven Years of Targeting Major Tech Firms

Hindenburg Research Shuts Down After Seven Years of Targeting Major Tech Firms

Hindenburg Research, the prominent short-selling firm founded by Nate Anderson, has officially closed its doors after seven years of impactful reports on high-profile companies. Anderson announced the decision in a blog post, citing personal toll and health concerns as factors in his choice to disband the firm. Hindenburg gained notoriety for its thorough investigations, often leading to significant repercussions for targeted companies, including SEC investigations. The firm notably took on major tech and electric vehicle companies, highlighting issues like misrepresentation and operational challenges. Anderson expressed a desire to spend more time with family moving forward.

Created at: January 16, 2025 12:00am

Intel Spins Off Intel Capital into Standalone Fund

Intel Spins Off Intel Capital into Standalone Fund

Intel has announced the spin-off of its corporate venture arm, Intel Capital, into a standalone fund, with Intel remaining as an anchor investor. This strategic move, aimed at enhancing autonomy and attracting external capital, is expected to be finalized in the second half of 2025. The existing team will transition to the new fund, maintaining normal operations during this period. Intel's co-CEO David Zisner emphasized that this separation will allow both entities to benefit from a long-term partnership while maximizing asset value and operational efficiency.

Created at: January 14, 2025 10:00pm

Robinhood Settles SEC Investigation with $45M Payment

Robinhood Settles SEC Investigation with $45M Payment

Robinhood has agreed to a $45 million settlement following an investigation by the Securities and Exchange Commission (SEC) regarding multiple alleged violations. The settlement involves two of Robinhood's brokerage units, which failed to implement adequate policies to safeguard customer information. The SEC highlighted a significant data breach in November 2021, where over five million email addresses were reportedly compromised. Furthermore, the units did not establish a comprehensive program to defend customers against identity theft. This settlement underscores the importance of robust data protection measures in the fintech sector.

Created at: January 13, 2025 11:00pm

Clearwater Acquires Enfusion for $1.5B in a Strategic Move

Clearwater Acquires Enfusion for $1.5B in a Strategic Move

Clearwater Analytics has announced its agreement to acquire Enfusion, an investment management platform, for $1.5 billion. The deal, supported by an $800 million loan and a $200 million credit line, allows Enfusion shareholders to choose cash, stock, or a combination. Clearwater plans to integrate Enfusion’s technology into its offerings, aiming for a comprehensive investment management solution. With Enfusion reporting significant revenue growth in 2024, this acquisition is seen as a pivotal expansion into the hedge fund industry. Approval from shareholders and regulators is expected before the deal closes in Q2 2025.

Created at: January 13, 2025 5:00pm

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

Crypto Market Faces Crisis: JOLTS Report Triggers Massive Sell-Off

The cryptocurrency market is reeling after the US JOLTS report revealed a surge in job openings, prompting investors to engage in 'fear selling.' Approximately $205 million worth of crypto was dumped in just one hour, as fears of increasing interest rates loom large. Compounding the crisis, the US DOJ received court approval to sell 69,370 Bitcoins seized from Silk Road, potentially destabilizing the market further. Currently, major cryptocurrencies like Bitcoin and Ethereum are experiencing significant price declines, casting doubt on their recovery prospects in early 2025.

Created at: January 13, 2025 2:00pm

Groww, India’s Largest Trading App, Eyes Landmark IPO in 2025

Groww, India’s Largest Trading App, Eyes Landmark IPO in 2025

Groww, the leading retail stockbroker in India, is preparing for an IPO within the next 10-12 months, aiming for a valuation of $6 billion to $8 billion. This would mark the first listing of a digital trading platform in India. The company has gained significant traction, boasting 13.2 million active users as of December, far ahead of competitors. Backed by major investors, Groww is currently in discussions with investment banks for its upcoming IPO. India's tech IPO landscape is thriving, with numerous startups planning listings in 2025.

Created at: January 13, 2025 7:00am

Nvidia's Dominance in AI Investments: A Closer Look at Startup Funding

Nvidia's Dominance in AI Investments: A Closer Look at Startup Funding

Nvidia has emerged as a leader in AI investments, participating in 49 funding rounds in 2024 alone, up from 34 in the previous year. This surge reflects its strategy to foster the AI ecosystem by backing startups deemed as 'game changers.' Notable investments include $100 million in OpenAI and significant rounds for xAI and Inflection. Compared to competitors like Alphabet and Microsoft, Nvidia has been the most active investor in AI startups over the past two years. Its venture capital arm NVentures has also ramped up, engaging in 24 deals in 2024.

Created at: January 11, 2025 4:00pm

Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates

Crypto Investors Panic as US JOLTS Report Sparks Fear of High Interest Rates

The cryptocurrency market is facing turmoil as investors react to the latest US JOLTS report, which indicates a strong labor market but raises concerns about rising interest rates. In just one hour, $205 million worth of digital assets were liquidated, reflecting widespread fear selling. While the report suggests economic growth, it has led to speculation about inflation and tighter monetary policy from the Federal Reserve. Despite these challenges, optimism remains for 2025, particularly with Donald Trump's pro-crypto stance as he prepares for his upcoming presidency.

Created at: January 11, 2025 7:00am

US Authorized to Sell 69,000 Bitcoins Seized from Hacker, Impacting Trump's Crypto Plans

US Authorized to Sell 69,000 Bitcoins Seized from Hacker, Impacting Trump's Crypto Plans

The U.S. Department of Justice received court approval to sell 69,370 Bitcoins, marking the largest crypto seizure in history. Stolen from a 2012 Silk Road hack, these assets could potentially disrupt Bitcoin's current valuation of $92,000. The announcement has raised concerns about market volatility and its implications for President-elect Donald Trump's plans to establish a U.S. crypto reserve. Critics warn that the sale may further impact Bitcoin's price, which has already seen fluctuations. Trump's pro-crypto stance adds complexity to the situation as the market braces for potential fallout.

Created at: January 10, 2025 1:31pm

Defiant Launches as Innovative European VC Firm Focused on Data-Driven Investments

Defiant Launches as Innovative European VC Firm Focused on Data-Driven Investments

Defiant, a new early-stage venture capital firm, has emerged in Europe, aiming to revolutionize investments in B2B SaaS and fintech. Founded by childhood friends Joseph Pizzolato and Cam Rail, the firm has secured $30 million and aims to raise a total of $70 million. Defiant plans to lead funding rounds, investing between $1 million and $10 million per startup. Their unique approach involves utilizing data and AI-driven products to identify promising investments, with products like Morpheus and Blueprint enhancing deal sourcing and founder insights. The firm seeks to build a portfolio of high-performing startups.

Created at: January 9, 2025 10:00am

Microsoft to Invest $3 Billion in India's Cloud and AI Sector

Microsoft to Invest $3 Billion in India's Cloud and AI Sector

Microsoft's CEO announced plans to invest an additional $3 billion to enhance the company's cloud and AI operations in India. This investment aims to strengthen Microsoft's presence in the rapidly growing technology market. The initiative reflects the company's commitment to fostering innovation and supporting local startups. This move comes as part of a broader strategy to expand cloud services and AI capabilities globally. Further details are expected as the story develops.

Created at: January 7, 2025 8:30am

Accel Sticks to $650 Million Fund Despite Industry Pressure for Bigger Capital

Accel Sticks to $650 Million Fund Despite Industry Pressure for Bigger Capital

Accel has opted to maintain its India fund size at $650 million for its eighth venture vehicle, contrary to the trend of larger funds in the region. Partner Shekhar Kirani emphasized the firm’s focus on quality returns over sheer capital size, referencing historical data that suggests returns diminish with funds exceeding $650 million. While competitors like Peak XV and Lightspeed have raised significantly larger funds, Accel remains committed to its strategy of backing approximately 40 high-quality startups annually. The firm aims to tap into emerging opportunities in wealthtech and rural markets, showcasing its long-term vision for India’s startup ecosystem.

Created at: January 6, 2025 1:00am

Venture Capital Predictions for 2025: Challenges and Opportunities Ahead

Venture Capital Predictions for 2025: Challenges and Opportunities Ahead

As 2025 unfolds, venture capital experts predict a mix of challenges and opportunities. While AI continues to dominate investment interest, many startups may struggle to transition from experimental phases to core market players. The IPO market is expected to reopen, potentially revitalizing liquidity. Notably, the emergence of solo general partners and angel funds could enhance early-stage investments. However, the landscape remains cautious, with limited partners hesitating to commit due to previous market volatility. Overall, 2025 may signal the start of a new growth phase for venture capital, especially in AI and sustainable sectors.

Created at: January 4, 2025 4:30pm

KoBold Metals Secures $537M to Revolutionize Copper Mining with AI

KoBold Metals Secures $537M to Revolutionize Copper Mining with AI

KoBold Metals has successfully closed a $537 million Series C funding round, led by Durable Capital Partners and T. Rowe Price, aimed at developing a multi-billion-dollar copper mine in Zambia. The company, which utilizes AI to identify viable mineral deposits, has seen its valuation rise to $2.96 billion. This funding will enable KoBold to expand its exploration efforts globally. Notable investors include Bill Gates and Jeff Bezos, highlighting the growing interest in AI-driven mining solutions amidst increasing demand for critical minerals. The mining industry is poised for significant technological transformation.

Created at: January 2, 2025 10:00pm

Robinhood Plans Aggressive Expansion in 2025 After Comeback Success

Robinhood Plans Aggressive Expansion in 2025 After Comeback Success

Robinhood CEO Vlad Tenev celebrates the company's recognition as Yahoo Finance's 'comeback stock' of the year after overcoming a challenging period post-IPO. With shares rebounding, Tenev is excited about future opportunities, particularly in prediction markets and potential cryptocurrency deregulation. The firm aims to launch event contracts that correlate news with financial markets, tapping into demand for real-time information. As Robinhood expands its product offerings, including wealth management, the company is focused on innovative trading strategies and competitive growth in the fintech space.

Created at: January 1, 2025 4:30pm

SpaceX Reveals Sweet Stock Deals for Investors in Internal Documents

SpaceX Reveals Sweet Stock Deals for Investors in Internal Documents

Internal SpaceX documents have unveiled lucrative stock deals offered to select investors, including a16z and Gigafund. In a tender offer from May 2022, employees were able to sell shares at $70 each, significantly below the $270 price during primary sales. The documents highlight the disparity between common and preferred shares, with preferred shareholders owed substantial amounts in liquidation preferences. Notable authorized buyers include Andreessen Horowitz, Aliya Capital Partners, and Gigafund, indicating a close-knit group of investors aligned with Elon Musk. The next tender offer could reach up to $110 per share, providing further incentive for employees.

Created at: January 1, 2025 4:30pm

Accel Raises $650 Million for New India Fund Amid Growing Startup Landscape

Accel Raises $650 Million for New India Fund Amid Growing Startup Landscape

Accel has successfully raised $650 million for its eighth India fund, marking a significant expansion of its investment strategy in the region. This follows the firm's previous fund raised in 2022 and solidifies its position as a leading venture capital firm in India. Notable investments include e-commerce giant Flipkart and food delivery service Swiggy. The Indian startup ecosystem is evolving with an increasing number of IPOs, reflecting a thriving innovation landscape. Accel is focusing on rural India, challenging traditional investment approaches in the country.

Created at: January 1, 2025 9:00am

Fidelity Cuts Gupshup's Valuation Again, Now at $486M

Fidelity Cuts Gupshup's Valuation Again, Now at $486M

Fidelity has reduced its stake in Gupshup, a business messaging platform, by 7.7%, bringing its total valuation down over 65% since 2021. The asset manager's holding is now valued at $5.62 million, down from $6.09 million last month. Gupshup's initial valuation was $1.4 billion following a $16.2 million investment by Fidelity. The current valuation reflects a significant decline, now pegged at $486 million. Gupshup, founded in India 17 years ago, had previously raised $340 million in 2021 from various investors.

Created at: December 31, 2024 8:30am