Venture Capital News


Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba  is increasing its control of Lazada,  its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive.
Some venture capital firms are publicizing their sexual harassment policies for the first time

Some venture capital firms are publicizing their sexual harassment policies for the first time

A group of venture capital firms are publicizing their sexual harassment policies, some for the first time, as part of a new directory co-led by one of the women who publicly accused a VC of harassment.
Going Up and Down the VC Roller Coaster

Going Up and Down the VC Roller Coaster

While those are important milestones which seem like orderly steps in a process, I don’t think founders fully appreciate the amount of volatility that goes into most investment decisions. I liken the approach to going up and down a roller coaster.
Tricida Receives $100M Venture Debt Financing

Tricida Receives $100M Venture Debt Financing

Tricida, Inc., a South San Francisco, CA-based late-stage pharmaceutical company, entered into a $100m venture debt facility with Hercules Capital, Inc.  Tricida drew down $25m from the venture debt facility at closing. An additional $50m will be available for drawdown subject to the achievement of future milestones. The remaining $25m will be available for drawdown subject to approval by Hercules.
Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Spotify has finally filed to go public, and in doing so the Swedish company has shed light on another huge music company that has been tipped for IPO — Tencent Music — which is now valued at over $12 billion. Tencent and Spotify announced a share swap in December that saw each side take an undisclosed slice of the other for strategic purposes going forward. According to Spotify’s filing
Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors.
Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN

Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN

Indonesian ride-hailing firm Go-Jek confirmed on Monday that it has secured a $150-million funding from local conglomerate Astra International as well as an undisclosed amount of financing from investment firm Global Digital Niaga (GDN) as part of its latest funding round.
E-Leather Raises £70M in Funding

E-Leather Raises £70M in Funding

E-Leather, a Peterborough, UK-based global leader in patented high-tech materials technology, raised £70M in funding. The round was led by ETF Partners in partnership with funds managed by Hermes GPE. The company will use the funds to invest in a state-of-the-art facility to meet demand from a range of sectors, from aviation and transport through to consumer sectors.
HOMEUSAOWL RAISES $18M IN SERIES A FUNDING ROUND Owl Raises $18M in Series A Funding Round

HOMEUSAOWL RAISES $18M IN SERIES A FUNDING ROUND Owl Raises $18M in Series A Funding Round

Owl, a Palo Alto, CA-based developer of a security camera for cars, raised $18M in Series A funding round. Backers included defy.vc, Khosla Ventures, Menlo Ventures, Sherpa Capital, Moment Ventures, Maniv Mobility, and CSAA Insurance Group.
Lightelligence aims to accelerate AI workloads to light speed

Lightelligence aims to accelerate AI workloads to light speed

Boston-based startup Lightelligence has just landed $10 million in seed funding as it bids to accelerate artificial intelligence workloads with a new technology based on light. The round was led by Baidu Venture and a consortium of U.S. semiconductor executives. The company’s approach is to speed up information processing through the use of a nascent technology called photonic circuits, which are a more efficient alternative to electronic circuits, using photons rather than electrons to do the computing.


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