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Altos Ventures, an early backer of Coupang and Roblox, raises $500M fund

12 November 2024 at 18:01

Altos Ventures, the Silicon Valley venture capital firm that has backed the likes of Roblox, Coupang, PandaDoc and Quizlet, has secured $500 million for its latest fund, according to SEC filings. The firm has been around for almost three decades and this is its largest fund to date. Altos Ventures declined to comment on the […]

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SoftBank Vision Fund co-CEO Misra to leave firm

12 November 2024 at 09:24

SoftBank said the co-CEO of Vision Fund, Rajeev Misra, will soon step down from his leadership roles at the firm’s flagship technology investment vehicles, marking the departure of one of the Japanese group’s most prominent dealmakers. The company said on Tuesday that Misra, who helped steer the $100 billion Vision Fund through both its explosive […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Indonesian VC firm Intudo raises $125M across two funds

By: Kate Park
12 November 2024 at 02:00

Intudo, the Indonesia-only venture capital firm, said it has raised $125 million across two investment funds — $75 million for Intudo Ventures IV, and $50 million for another fund that will invest in downstream natural resources and renewable energy. Intudo said Fund IV will invest in Indonesian startups that take advantage of the country’s location, […]

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VCs on how to ‘survive and thrive’ after a down round

9 November 2024 at 15:35

Founders hope that their startups continually raise larger funding rounds at escalating valuations. But unexpected challenges, such as a global health crisis or a sudden surge in interest rates, can have a significant impact on a company’s ability to maintain its valuations. Some of these startups may have to resort to down rounds, which are […]

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Benchmark, Index, others are in a wild unsolicited bidding war over Anysphere, maker of Cursor

8 November 2024 at 23:09

There isn’t a shortage of AI-powered coding assistance startups. They include Augment, Codeium, Magic, and Poolside. However, Cursor has become one of the most popular. Its developer, Anysphere, has seen its revenue grow from $4 million annualized recurring revenue (ARR) in April to $4 million a month as of last month, according to a person […]

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‘Whatever you want Ben’: Inside Ben Horowitz’s cozy relationship with the Las Vegas Police Department

8 November 2024 at 23:07

When Skydio, a young maker of drones in San Mateo, California, sent a customer proposal in 2023 to the Las Vegas Metropolitan Police Department, its chief of staff, Mike Gennaro, forwarded the email to VC Ben Horowitz. “Which deployment are you looking to do?” Horowitz wrote back. “Whatever you want, Ben,” Gennaro replied, according to […]

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SocialCrowd raises $2.5M seed round as interest in future of work software remains

7 November 2024 at 15:00

Back in February, when TechCrunch spoke to Raphael Akinsipe, he described his company SocialCrowd as a “Fitbit but for work.” As CEO and co-founder, he explained that the product allows companies to set goals for employees and then reward them when those expectations are met.  “For example, we had a restaurant incentivize their staff by […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Faber launches third VC fund with $34M first close, aims for $64M

6 November 2024 at 14:36

The startup ecosystem in the Iberian Peninsula — the region encompassing Spain and Portugal — has been on a roll the last couple of years. The value of Spanish startups surpassed €100 billion in 2023, according to Dealroom data, with venture investment of €2.2 billion across some 850 rounds. Meanwhile, Portugal has produced a slew of […]

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