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Tag: venture

Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure

April 2, 2024 No Comments Technology , , , , , ,

OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Cathaway, OpenAI confirmed to TechCrunch.  The Open AI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. The arrangement could have presented a major issue to the company if he had [...]read moreSam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure

Moschino reduces stake in joint venture with Altana for junior line

March 28, 2024 No Comments Business , ,

Translated by Nicola Mira Published Mar 28, 2024 Italian fashion group Aeffe has announced a new financial operation regarding Moschino. The latter has sold a 15% stake in Moschino Kids to its partner Altana Società Benefit, but remains a majority shareholder in the company the two partners set up in September 2022 to develop and [...]read moreMoschino reduces stake in joint venture with Altana for junior line

A $700M SAFE, IPOs are back, and how one venture fund is transcending borders

March 22, 2024 No Comments Technology ,

Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories from the week and chat through new and emerging themes. Listen here or wherever you get your podcasts. This week we [...]read moreA $700M SAFE, IPOs are back, and how one venture fund is transcending borders

Stay up-to-date on the amount of venture dollars going to underrepresented founders

March 2, 2024 No Comments Technology , ,

Venture capital funding has never been robust for women or Black and brown founders. Alongside Crunchbase, we’ve been tracking funding levels to pinpoint moments of progress and regression for marginalized entrepreneurs. For example, Black founders saw record amounts of funding in the bull year that was 2021, but that amount dipped substantially as the market [...]read moreStay up-to-date on the amount of venture dollars going to underrepresented founders

Inspired Capital secures $330M fund to take venture capital ‘back to the studs’

February 29, 2024 No Comments Technology , , ,

Inspired Capital is celebrating its fifth birthday with the closing of its Inspired Capital Fund III with $330M in capital commitments. This new amount brings the firm’s total assets under management to nearly $900 million. The New York-based early-stage venture firm was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker. They went [...]read moreInspired Capital secures $330M fund to take venture capital ‘back to the studs’

QIA to invest $1 billion in international and regional venture capital funds

February 27, 2024 No Comments Technology , , ,

The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth fund announced on Monday. The program, according to QIA, seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region, with a [...]read moreQIA to invest $1 billion in international and regional venture capital funds

SoftBank’s Masayoshi Son is reportedly seeking $100B to build a new AI chip venture 

February 19, 2024 No Comments Technology , , ,

SoftBank Group’s Masayoshi Son has made no secret of his intent to double down on red-hot artificial intelligence industry. Now, he’s fundraising for his next move in that strategy. According to a report in Bloomberg, the SoftBank founder is seeking $100 billion to build a new venture that would compete with the likes of Nvidia [...]read moreSoftBank’s Masayoshi Son is reportedly seeking $100B to build a new AI chip venture 

State of venture investments in India

February 19, 2024 No Comments Technology , , ,

Over 150 investors, including Singapore’s sovereign fund Temasek and Malaysia’s Khazanah, gathered at Mumbai’s five-star Trident Oberoi hotel on a recent Friday for venture firm Lightspeed India Partners’ “Lift Off” summit. The two-day event aims to spark partnerships by enabling “in a short window, many views, ideas and investments to be shared between nC2 connections [...]read moreState of venture investments in India

SocialCrowd raises $1.6M pre-seed as venture interest in work software remains high

February 16, 2024 No Comments Technology , , , , , ,

Performance management startup SocialCrowd has raised a $1.6 million pre-seed round led by Bread and Butter Ventures, TechCrunch has exclusively learned. Launched in 2020, SocialCrowd is a SaaS platform that provides performance management software, letting companies set goals for their employees and reward them when they are achieved. Speaking to TechCrunch, Raphael Akinsipe, SocialCrowd’s co-founder, [...]read moreSocialCrowd raises $1.6M pre-seed as venture interest in work software remains high

True Religion steps into new footwear venture with Orly

January 23, 2024 No Comments Business , ,

True Religion announced on Monday a new footwear licensing agreement with New York-based wholesale distribution company Orly Corporation. True Religion steps into new footwear venture with Orly. – True Religion The partnership will launch with a comprehensive footwear collection catering to men, women, and kids in the fall of 2024. The footwear collection will encompass [...]read moreTrue Religion steps into new footwear venture with Orly