Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices. The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within … Read more

Cybersecurity investor Ballistic Ventures seeks $300M for new fund

Ballistic Ventures, a venture capital firm dedicated to funding and incubating cybersecurity startups, is looking to raise as much as $300 million for a new fund, according to a regulatory filing. The San Francisco-based VC firm Wednesday filed with the U.S. Securities and Exchange Commission to raise $300 million for its second fund — over … Read more

Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises $7M led by Ventures Platform and MaC VC

The World Economic Forum states that Africa has an average annual demand for 2.4 million cars and 300,000 commercial vehicles. This demand is increasing because of a continent-wide increase in disposable income, strong middle-class growth and rapid urbanization. But while most cars meeting this demand are used, car ownership in Africa is less than 45 … Read more

Lidl owner and Bosch Ventures co-lead $500M Series B into German AI start-up Aleph Alpha

German AI start-up Aleph Alpha has raised a Series B funding round of $500 million from a consortium of seven new investors, as well as existing investors from previous rounds. Founded in 2019, Aleph Alpha’s funding may be dwarfed by that of Microsoft-backed OpenAI ($11.3B), but the startup makes great play of the fact that … Read more

Japanese VC Beyond Next Ventures raises $67.7M in a first close of its deep tech fund

A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its third fund, and today, the venture capital firm said it completed a first … Read more

At One Ventures $375M new fund shows climate tech is still hot

It’s 7:30 in the morning, and Tom Chi is in a philosophical mood. Maybe it’s because he was once an astrophysicist, a profession prone to thinking expansively. Maybe it’s because his mother is a Buddhist. Or maybe it’s because his 3-year-old venture capital firm just raised $375 million. “Sometimes I say that I typically think … Read more

Mecho Autotech raises $2.4M, ventures into wholesale spare components distribution

Mecho Autotech, a startup providing automotive spare components, car repairs and upkeep companies, has raised a $2.4 million pre-Sequence A spherical. The agency targets the Nigerian market, the place 90% of the nation’s greater than 12 million registered automobiles (primarily used) require common upkeep to keep away from recurring breakdowns. Its major enterprise connects car … Read more

Greylock, Lightspeed Enterprise Companions, Khosla Ventures, Pear VC be part of Startup Battlefield judges

Only a couple extra weeks till 20 of the world’s high early-stage startups take to the Disrupt Stage at TechCrunch Disrupt 2023 to compete for an equity-free, $100,000 grand prize and everlasting glory. They’ll face robust questions from our judges and should stand out in opposition to a crowd of super-star founders. We’re excited to … Read more

How Index Ventures jumped to the entrance of the AI GPU line

Earlier this week, the New York Instances shone a lightweight on among the desperation that founders are experiencing as they try to fail to safe compute energy for his or her nascent synthetic intelligence startups, due to the large firms (and even wealthy nations) racing to grab them up. One founder reportedly stated of the … Read more

Dan Gwak of Point72 Ventures on why protection tech is turning into the following huge factor for buyers

Dan Gwak has had a extra various life than many buyers. He grew up in Jakarta, the son of Korean dad and mom who ran a transport enterprise. After highschool, he headed to Cornell within the U.S., and have become an affiliate at The Carlyle Group. The whole lot was shifting up and to the … Read more