Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support […]
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The new fund swims against the prevailing currents in its sector, where funds that invest in hardware or a mix of hardware and software tend to dominate.
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Bling Capital, one of the more prolific and well-connected seed VC firms, has nabbed another $270 million for a new flagship, fourth fund.
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It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected […]
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Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after […]
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Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close of its second fund at €26 million, receiving capital from several limited partners, including the African Development Bank Group (AfDB) […]
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Africa’s blockchain and crypto space is receiving a much-needed venture boost during a tough time for startups, some of which have retreated from specific markets or completely shut down due to issues like harsh regulatory environment, macros, or downright mismanagement. The boost involves Yellow Card, the U.S.-founded crypto platform launched in Nigeria in 2019, which […]
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The fundraising landscape is shifting fast, and in 2025, the old rules no longer apply. Startups navigating flat, down, or extension rounds must be more strategic than ever in securing their next round of capital. Traditional metrics like $100 million in revenue for an IPO or $1 million ARR for a Series A are becoming […]
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Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $6.6 billion round the company closed last week. But that doesn’t mean Khosla has put substantial or any capital into the round. The […]
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In today’s software ecosystem, open source code has become the backbone of innovation and digital infrastructure, playing a pivotal role in everything from startups to major enterprises. The collaborative nature of open source software has unlocked incredible potential for businesses, allowing rapid development and agility. But with this openness comes a critical dilemma: security vulnerabilities. […]
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