Zacua Ventures has launched a new $56 million fund dedicated to construction tech

The construction sector is known for its slow embrace of technology. But a new venture capital firm, funded by some heavyweight legacy construction companies, is out to change that. Zacua Ventures has launched its inaugural $56 million fund targeting early-stage construction technology startups, backed by 19 of the construction sector’s biggest corporations. The limited partner … Read more

COTU Ventures launches $54M fund for pre-seed and seed startups in MENA

Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed stages. With a final close achieved last year, COTU Ventures, which identifies and backs founders from the inception to post-product launch, invests between $500,000 to … Read more

Partech closes its second Africa fund at $300M+ to invest from seed to Series C

Partech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close. At that size, Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund dedicated to African startups.  Amidst a backdrop of global VCs … Read more

Foundry Group is shutting down and won’t raise another fund

Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its last on … Read more

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen ($6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. It remained in … Read more

World’s largest sovereign wealth fund posts record $213 billion profit

The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, one … Read more

Kost Capital raising inaugural fund to invest in European food tech startups

Kost Capital, a new Danish venture capital fund, is out to bring better food to more people. General partner Bodil Sidén started the firm with LPs Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen and Jacob Lee Ørnstrand. Kost, which means “diet” in the Scandinavian language, however, it will most like be difficult to stick to … Read more

Plural, the VC led by founders, pulls together a new $432M fund to back European startups

European VC Plural has carved out a reputation for itself as one of the few VC’s in the region started and led by entrepreneurs who grew their own startups, with its founders including Taaavet Hinrikus from Transferwise/Wise; Sten Tamkivi; and Ian Hogarth, the founder of Songkick who more recently has also added a role with … Read more

Singapore urged to fund support for AI adoption and decarbonization

RomanBabakin/Getty Images The Singapore government has been called on to provide funding support so large enterprises can continue with their digital transformation programs and smaller businesses can begin their sustainability journeys.  These measures are necessary to safeguard the country’s prosperity amid an increasingly uncertain global climate, according to a report released by KPMG in Singapore … Read more

Keith Rabois dishes on his surprising return to Khosla Ventures, after leaving the firm in 2019 for Founders Fund

Earlier today, Forbes reported that venture capitalist, operator and entrepreneur Keith Rabois is returning to Khosla Ventures (“KV”), the Silicon Valley outfit where he cut his teeth as a full-time VC before joining Founders Fund (“FF”) in 2019, teaming up with former Stanford classmate Peter Thiel in the process. The move came as a surprise … Read more