French VC signature Daphni He is announcing the first closure of his new background, Daphni Blue. The company has raised 200 million euros (around $ 215 million to current exchange rates). He hopes to raise up to 250 million euros ($ 270 million) by the end of the year. Some of Daphni’s most notable past […]
Daphni ensures $ 215 million for its third fund– BC Read More »
The risk capital investment in new European companies approved $ 52 billion last year, which reflects the long-term growth trajectory of the market and gradual stabilization after the Picos of 2021-2022 (largely driven by the COVID-19), and the comparative fall of 2023, according to a new report. Although 2024 has seen a political and regulatory
General Catalyst, the power risk firm, is considering an IPO, axios reported On Friday morning, citing “multiple sources.” britcommerce has communicated with the company’s managing partner, Hemant Taneja, to comment. Meanwhile, those who follow the trajectory of Catalyst General will not be surprised by perspective. Founded 25 years ago as a small risk firm based
According to reports, the general catalyst is weighing a potential opi– BC Read More »
On Thursday, President Trump asked the Republican legislators to finish tax exemptions with involved interests. The tax exemption allows private capital fund managers and risk funds to treat their earnings at a lower capital gain rate, rather than ordinary income. The elimination of tax exemption would be a great success for the VC industry. “The
The repeal of interest could suffocate investments in new companies, says NVCA– BC Read More »
Defense technology startup Epirus is reportedly raising between $150 million and $200 million in a new funding round led by Joe Lonsdale’s venture firm, 8VC. Bloomberg Reports. The round could give the company, which develops technology to intercept drones, a valuation of around $1 billion. If that is the final valuation, it would be a
Bench, a Canada-based accounting startup that offered software as a service to small and medium-sized businesses, abruptly closed, according to a notice posted on your website. “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and
When you really research venture capitalists about investing in AI startups, they will tell you that companies are experimenting big, but are slow to add AI solutions to their ongoing business processes. But there are some exceptions. And one of them appears to be an area known as AI sales development representatives, or AI SDRs.
AI sales rep startups are booming. So why are venture capitalists cautious?– BC Read More »
Famed investor Marc Andreessen recently spoke about meetings with Biden administration staff that gave him the impression that they wanted to control AI by working closely with two or three big AI companies, shutting out everyone else through onerous regulations. Andreessen did not name OpenAI, but it was implied that it would have been a
OpenAI CEO Sam Altman will appear before Congress in 2023 to testify about the dangers of AI. He told US lawmakers at the time that does not own shares in OpenAIsomething he has said many times, stating that he simply runs the company because he loves it. However, Altman recently said that he at one
Sam Altman once owned shares in OpenAI through Sequoia– BC Read More »
Arlan Hamilton, founder of Backstage Capital, announced Friday that her role at the firm she founded in 2015 will evolve. “After 12 years of being deeply involved in daily operations, I have decided to transition to a president and advisory role.” he wrote in a statement posted online. Previously she was managing partner of the
