Not a day goes by without some confirmation that deep tech is on the rise in Europe — and that public and private capital investors are here for it. Latest case in point, OTB Ventures, which closed a $185 million fund to invest in deep tech in Europe that it will mostly deploy at the … Read more
PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Sergei Bobylev | TASS via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to … Read more
Well before President Joe Biden signed the CHIPS and Science Act into law back in August 2022, Intel has been a cornerstone of U.S. efforts to increase domestic chip manufacturing. This morning, the White House announced an agreement with the Department of Commerce that would deliver the silicon giant up to $8.5 billion to shore … Read more
Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabia’s behemoth sovereign wealth fund is in talks to buy the kingdom’s national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. The reported move … Read more
Deep tech is on the rise in Europe, fueled in part by the match between AI and a local flavor of math excellence. But it’s also benefiting from a growing community, public support and increasing amounts of funding. Elaia‘s third deep tech seed fund, DTS3, is an example: “It is double the size of the … Read more
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, a source familiar with the matter told TechCrunch, as the venture firm seeks to become a significant LP in the firm’s future vehicles and explore investment in different asset classes. The most influential investor in India and Southeast Asia revealed … Read more
WASHINGTON (Reuters) – Conservative billionaires Liz and Dick Uihlein will help fund Donald Trump’s campaign, giving the former president financial support as he seeks to catch a fundraising lead built by President Joe Biden, the Financial Times said on Saturday. The Uihleins, who founded the Uline shipping and packaging company from their basement in 1980, … Read more
The Artemis Fund, which invests in underrepresented founders, closed on its second fund with $36 million in capital commitments. Stephanie Campbell, Diana Murakhovskaya and Leslie Goldman Tepper founded Artemis in 2019, naming the firm after the Greek goddess of the hunt, wild things and a champion of women. Artemis, with offices in Houston and New … Read more
Last night, for an evening hosted by StrictlyVC, this editor sat down with Trae Stephens, a former government intelligence analyst turned early Palantir employee turned investor at Founders Fund, where Stephens has cofounded two companies. One of these is Anduril, the buzzy defense tech company that is now valued at $8.4 billion by its investors. … Read more
Inspired Capital is celebrating its fifth birthday with the closing of its Inspired Capital Fund III with $330M in capital commitments. This new amount brings the firm’s total assets under management to nearly $900 million. The New York-based early-stage venture firm was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker. They went … Read more