According to an SEC filing, Alexis Ohanian, the co-founder of Reddit and early-stage VC firm Initialized Capital, is raising a new fund, named 776, with a target of $150 million. The filing comes three months after the entrepreneur left Initialized Capital and a month after The Information first reported on his plans. Ohanian declined to […] …Continue Reading

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in Helsinki will capture how the city is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. (Please note, if you have filled out the survey already, there […] …Continue Reading

Hello and welcome back to Equity, TechCrunch’s VC-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week Natasha Mascarenhas, Danny Crichton and your humble servant gathered to chat through a host of rounds and venture capital news for your enjoyment. As a programming note, I am off next week effectively, so look for Natasha […] …Continue Reading

Peterson Ventures, a 12-year-old, Salt Lake City, Utah-based seed-stage fund, has long operated fairly quietly, but many of its bets have become known brands in the respective worlds of consumer and enterprise software investing. Among these is the shoe company Allbirds; the men’s clothing company Bonobos (acquired a few years ago by Walmart); and Lucid […] …Continue Reading

It seems as if every month introduces a whole new paradigm to VC investing. First COVID-19 triggered a wave of changes as founders learned how to pitch their startups remotely and VCs learned how to judge quality without meeting their potential portfolio companies in person. Then we had the rise of SPACs and the rise […] …Continue Reading

Leonardo DiCaprio is making a significant commitment to the Los Angeles-based investment firm, Struck Capital, as part of the actor’s commitment to building LA into a tech development powerhouse. It’s part of what Struck Capital founder Adam Struck called a vision of making Los Angeles “a leading hub for innovation to save the world.” Struck […] …Continue Reading

Earlier this year, we launched The TechCrunch List, a carefully curated group of VCs who lead rounds recommended by thousands of founders for their acumen and friendliness, grouped by market focus, stage and geography. Since the launch of the List, we’ve seen great engagement: tens of thousands of founders have each come back multiple times […] …Continue Reading

During the most recent quarter, only a few earnings reports stood out from the rest. Zoom’s set of results were one of them, with the video-communications company showing enormous acceleration as the world replaced in-person contact with remote chat. Another was Peloton’s earnings from the fourth quarter of its fiscal 2020, which it reported September […] …Continue Reading

Most venture capital firms are based in hubs like Silicon Valley, New York City and Boston. These firms nurture those ecosystems and they’ve done well, but SaaS Ventures decided to go a different route: it went to cities like Chicago, Green Bay, Wisconsin and Lincoln, Nebraska. The firm looks for enterprise-focused entrepreneurs who are trying […] …Continue Reading

Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed how he’s putting his stamp on Benchmark now that, 15 years after joining the storied firm, he’s its most senior member. Fenton said that he’s mostly focused on ensuring that the firm doesn’t […] …Continue Reading

Crista Galli Ventures, a new early-stage health tech fund in Europe, officially launched last week. The firm offers “patient capital” — with only a single LP (the Danish family office IPQ Capital) — and promises to provide portfolio companies with deep healthcare expertise and the extra runway needed to get over regulatory and efficacy hurdles […] …Continue Reading

Despite the coronavirus outbreak, which has slowed down deal-making across the world, dozens of startups in India have raised considerable amounts in recent months. Unacademy, which raised $110 million in February, closed a new round of $150 million this month. These large check sizes, and the frequency at which they are being bandied out, were […] …Continue Reading

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again—according to CEO Mitchell Elegbe—who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder didn’t offer much new on the Lagos-based firm’s expected IPO, but he did reveal Interswitch will revive investments in African startups. Founded by Elegbe in 2002, Interswitch pioneered the […] …Continue Reading

At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such as free voice credit. India’s internet population, now […] …Continue Reading

Zwift, a 350-person, Long Beach, Calif.-based online fitness platform that immerses cyclists and runners in 3D generated worlds, just raised a hefty $450 million in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round […] …Continue Reading

Crista Galli Ventures, an early-stage health tech fund in Europe, is officially launching today. The firm offers “patient capital” — with only a single LP (the Danish family office IPQ Capital) — and promises to provide portfolio companies with deep healthcare expertise and the extra runway needed to get over regulatory and efficacy hurdles and […] …Continue Reading