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Team S

@newnexteam

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7 hours

Rillet Raises $70 Million Series B in Rapid-Fire Funding, Backed by Top Investors

Rillet, a New York-based accounting and ERP start-up, has just clinched $70 million in Series B funding—only 10 weeks after its $25 million Series A round. The latest investment was co-led by Andreessen Horowitz and ICONIQ, with Sequoia, Oak HC/FT, and existing backers also participating. Notably, Andreessen Horowitz’s Alex Rampell and ICONIQ’s Seth Pierrepont will join Rillet’s board as part of the deal.


Founded in 2021, Rillet provides an AI-powered ERP platform that integr...

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Team S

@newnexteam

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7 hours

Thoughts from Enni Rautio, Interim Director of Fund Investments, TESI

Tesi, a government-backed investor, manages €3B+ and helps bridge risk gaps in early-stage VC, biotech, and deep tech.


Europe’s VC ecosystem is evolving fast, with strengths in deep tech and life sciences—but we still need robust late-stage capital and a true pan-European tech exchange to retain high-growth companies.


Fund manager due diligence is getting sharper: alignment, transparency, and “skin in the game” matter more than ever for long-term partnerships...

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Team S

@newnexteam

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7 hours

Germany’s n8n Rockets to $2.3 Billion Valuation in Latest AI Funding Frenzy

Berlin’s artificial intelligence startup n8n has become the latest European tech unicorn, after venture capital firm Accel is said to lead a funding round pushing its valuation to $2.3 billion—up from $350 million just four months earlier. Meritech Capital, among other investors, is expected to join the hundreds-of-millions-euro round, reflecting a booming appetite for AI bets across the continent.


Bloomberg reports that Accel overcame competing offers from heavyweights like ...

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Team S

@newnexteam

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20 hours

SoftBank's profits soar to $2.87billion in Q1

SoftBank Group has kicked off fiscal 2025 with a dramatic upswing, posting a robust net profit of 421.8 billion yen ($2.87 billion) in the first quarter. This surge underscores a remarkable financial turnaround for the Japanese conglomerate, propelled by a bold investment strategy centered on artificial intelligence.

https://www.newn...

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Team S

@newnexteam

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5 months

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Team S

@newnexteam

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5 months

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Praveen Paranjothi

@praveen

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5 months

(Gemini) AI in Robots

To be useful and helpful to people, AI models for robotics need three principal qualities: they have to be general, meaning they’re able to adapt to different situations; they have to be interactive, meaning they can understand and respond quickly to instructions or changes in their environment; and they have to be dexterous, meaning they can do the kinds of things people generally can do with their hands and fingers, like carefully manipulate objects.


While our previous work...

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Team S

@newnexteam

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5 months

India's VC set to surge, says Bain and IVCA report

The report reveals that VC funding in 2024 reached $13.7 billion, marking a 1.4 times increase compared to 2023 levels.


https://www.newnex.io/blogs/venture-capital/indias-venture-capital-landscape-set-to-surge-key-insights-from-bain--companys-2025-report

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Team S

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5 months

Y-combinator founders raising less money signalling an important shift

A subtle but significant shift is underway among founders in Y Combinator’s latest cohort, as some opt to raise smaller funding rounds despite strong investor interest—a trend one venture capitalist calls a “vibe shift.” Reported by TechCrunch on March 11, 2025, this change reflects a growing preference for maintaining ownership and leveraging AI-driven efficiencies over chasing large venture capital (VC) checks. Terrence Rohan, an investor with Otherwise Fund and a Y Combinator backer since ...

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Praveen Paranjothi

@praveen

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5 months

Welcoming Nick Kalliagkopoulos from Big Pi Ventures

I am delighted to welcome Nick, Partner at Big Pi Ventures, Greece.


Nick invests in early and growth-stage tech companies globally that can have a touch point in Greece. Nick was previously a Partner at Prime Ventures, Netherlands where I was a LP Board Member before. I am glad he has joined the Newnex community

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Team S

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5 months

Venture Capital Giant Insight Partners Hit by Cyberattack: What We Know So Far


On March 5, 2025, BleepingComputer reported that Insight Partners, a leading U.S.-based venture capital and private equity firm managing nearly $90 billion in assets, was struck by a cyberattack. The breach, confirmed by the company, involved unauthorized access to its information systems through a sophisticated social engineering attack. Detected on January 16, 2025, the incident has raised concerns about the security of sensitive data held by one of the world’s most influential t...

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5 months

OpenAI’s Startup Empire: Exploring the Companies Backed by Its Venture Fund

Since its inception in 2021, OpenAI’s Startup Fund has emerged as a powerhouse in the AI investment landscape, channeling millions into some of the most promising startups in artificial intelligence. Unlike traditional tech giants that dip into corporate coffers, OpenAI takes a unique approach—raising capital from external investors like Microsoft to fuel its venture fund. With $175 million in its main fund and an additional $114 million through special purpose vehicles (SPVs), OpenAI is bett...