Page 9 - Latest Updates on Venture Capital
VC firm CoinFund raises $158 mn to back early-stage crypto startups
The New York-based firm had initially aimed for $125 million, but received more interest than expected, said Chief Executive Officer Jake Brukhman
 "VC firm CoinFund raises $158 mn to back early-stage crypto startups")
CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups
VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund
 "CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups")
Byju's crisis prompts top India VC firm Blume Ventures to shift strategy
Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy
 "Byju's crisis prompts top India VC firm Blume Ventures to shift strategy")
Proptech firm Reloy raises Rs 7.2 cr from investors to grow business
The investment will be used to fuel the company's growth and expansion plans, the company said
 "Proptech firm Reloy raises Rs 7.2 cr from investors to grow business")
VC firm Omnivore announces first close of third fund at $150 million
Omnivore Agritech and Climate Sustainability Fund, launched last April, will focus on startups developing breakthrough tech for agriculture, food, climate, and rural economy
 "VC firm Omnivore announces first close of third fund at $150 million")
RTP Global closes $1bn fund, will make third of investments in India
Fund will invest in sectors that include artificial intelligence, enterprise software, fintech
 "RTP Global closes $1bn fund, will make third of investments in India")
Tiger Global Management falling short of $6 billion target for new fund
Last year was the firm's most tumultuous since its founding in 2001, but this year's surge in AI-related stocks has helped underpin a rebound for Tiger and other tech-focused hedge funds
 "Tiger Global Management falling short of $6 billion target for new fund")
VC firm Avaana Capital announces first close of climate tech fund at $70 mn
Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture
 "VC firm Avaana Capital announces first close of climate tech fund at $70 mn")
Climate-focused VC firm Avaana Capital raises $70 mn in first funding round
This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund
 "Climate-focused VC firm Avaana Capital raises $70 mn in first funding round")
PE/VCs investment in India falls 44% to $3.5 billion, says report
The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively
 "PE/VCs investment in India falls 44% to $3.5 billion, says report")
Sebi likely to change rules to track investments in PE and VC funds
The market regulator is doing this to identify the investors and the source of the money
 "Sebi likely to change rules to track investments in PE and VC funds")
Sequoia's split sends warning to every company doing US-China business
Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China
 "Sequoia's split sends warning to every company doing US-China business")
Sequoia to separate China, India, Southeast Asia businesses by March '24
Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms
 "Sequoia to separate China, India, Southeast Asia businesses by March '24")
Sebi may soon ease compliance norms for PE, VC funds in India: Report
The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden
Foreign VC funding in India declines 72% as unicorn machines stutter
Foreign money plays a crucial role in start-up funding in India
 "Foreign VC funding in India declines 72% as unicorn machines stutter")
Sebi mulls streamlining regulatory framework for FVCI registration
Capital markets watchdog Sebi on Thursday proposed to streamline regulatory framework for registration of Foreign Venture Capital Investors (FVCIs)
 "Sebi mulls streamlining regulatory framework for FVCI registration")
Even after FTX's collapse, most influential crypto cos follow own rules
The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale
 "Even after FTX's collapse, most influential crypto cos follow own rules")
Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn
Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM
 "Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn")
VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here
Burda has clarified that action against Ankiti Bose is a result of the joint decision by all investors and not led by any single investor as claimed by her
 "VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here")
Venture capital investments down 70% across globe in Q1CY23: KPMG study
Despite the current slowdown, macro factors in India remained stronger than elsewhere, driving optimism that the country will see a bounce back in VC investment in H2 of 2023
 "Venture capital investments down 70% across globe in Q1CY23: KPMG study")