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Team S
@newnexteam
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a day
Genesis Therapeutics, an AI-driven drug discovery company, has received additional investment from NVentures, Nvidia's venture capital arm. Founded in 2019 by Evan Feinberg and Vijay Pande, the company originated from Stanford University research and has raised over $300 million, including a $200 million Series B round in 2023. NVentures' recent undisclosed investment aims to enhance Genesis' AI platform, Genesis Exploration of Molecular Space (GEMS), which integrates generative and predictiv...
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Team S
@newnexteam
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a day
Medellín Venture Capital, a collaborative program between Medellín's municipality and the innovation center Ruta N, has unveiled plans to invest $1.2 million in pre-seed and seed rounds beginning in 2025. This initiative is part of a larger $11 million strategy aimed at driving impact in Medellín.
The program will focus on investing in micro venture capital firms, which will then support 15 to 30 startups addressing challenges in key sectors such as mobility, health, air qual...
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Team S
@newnexteam
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a day
Washington DC has announced the creation of a $26 million venture capital fund aimed at supporting early-stage companies within the city. The DC Venture Capital Fund, led by the Deputy Mayor for Planning and Economic Development, will be managed by K Street Capital and structured as a fund of funds.
Private investors are required to match DC's investments, potentially doubling the available capital to $52 million. The fund will focus on pre-seed and seed stage companies with...
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Team S
@newnexteam
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a day
Robin Capital, a German venture fund led by solo GP Robin Haak, has successfully closed its inaugural Robin Fund One, raising €15 million. The fund focuses on supporting Pre-Seed and Seed-stage B2B SaaS startups in mid-market and Enterprise Go-to-Market sectors, with a particular emphasis on the DACH region.
With ticket sizes ranging from €100,000 to €500,000, the fund has already deployed 55% of its capital across 28 portfolio companies. Backed by 70 Limited Partners and su...
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Team S
@newnexteam
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a day
Scientifica Venture Capital has announced the creation of Scientifica Fund 1 (SF1), a €200 million fund aimed at supporting startups and technological projects in future computing, smart materials, advanced industry, and environmental technologies. The fund will support companies at all stages of development, from initial idea to scale-up. A key feature is the Zero CapEx investment model, which provides access to 4,000 m² of proprietary labs and 70 certified labs across Italy, removing financ...
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Team S
@newnexteam
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a day
The fund will target tech and tech-enabled startups across Saudi Arabia and the MENA region, primarily focusing on Seed and Series A stages, emphasizing fintech, enterprise software, and B2B SaaS sectors, predominantly in Saudi Arabia and UAE markets.
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Team S
@newnexteam
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a day
Investor enthusiasm for generative artificial intelligence (GenAI) continues to grow, with venture capital investment in the sector expected to top $45 billion globally for the year, almost double the figure for 2023 ($24 billion) and more than five times the total VC investment in 2022 ($8.7 billion).
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Team S
@newnexteam
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a day
Miami-based fintech startup Leap Financial has successfully raised $3.5 million in a seed funding round led by Fuel Venture Capital, with participation from Ascendo Venture Capital. The company aims to transform the landscape of cross-border money transfers, particularly for immigrants sending money home.
- Total raised: $3.5 million
- Lead investor: Fuel Venture Capital
- Participating investor: Ascendo Venture Capital
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Team S
@newnexteam
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a day
Aviva Investors, the asset management arm of insurance giant Aviva, has received regulatory approval to launch a £250 million venture capital fund focused on climate technology startups. The fund, named Climate Transition Venture Capital Fund, aims to invest in early-stage companies developing innovative solutions to combat climate change.
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Team S
@newnexteam
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a day
XGEN Venture, an Italy-based venture capital firm, has successfully closed its XGEN Venture Life Sciences Fund at approximately €180 million (US$187 million), surpassing initial expectations. The fund aims to support early-stage investments in biotechnology, medical devices, and diagnostics sectors.
Team:
1. Paolo Fundarò: Co-founder and Managing Partner
2. Federica Draghi: Co-founder and Managing Partner, oversees ESG strategy
3. Daniele Scarinci: Co-founder and Manag...
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Team S
@newnexteam
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3 days
Basis AI, a startup focused on automating accounting processes, has raised $34 million in a Series B funding round. The investment was led by Thrive Capital, with participation from existing investors Founders Fund and Designer Fund.
The San Francisco-based company, founded in 2022 by Ankit Pansari and Jeff Weinstein, has developed an AI agent capable of handling complex accounting tasks. This agent can interpret financial documents, categorize transactions, and even prepare ...
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Team S
@newnexteam
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3 days
The Jetson Orin Nano Super boasts impressive specifications that punch well above its weight class. It delivers up to 67 INT8 TOPS (Trillion Operations Per Second) of AI performance, marking a 70% increase over its predecessor. The device also features a 50% boost in memory bandwidth, reaching 102GB/s. These improvements translate to a 1.7x leap in generative AI inference performance compared to the previous model. Read more Show more
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Team S
@newnexteam
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5 days
Cspaar annoucnes latest partnership with Swedish bank Qred Bank AB. This collaboration represents an important step in delivering even greater value to Cspaar customers. As part of the partnership, Cspaar can now offer business loans of up to 2,000,000 DKK, creating new opportunities for growth and development for small and medium-sized enterprises (SMEs) in Denmark.
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Team S
@newnexteam
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7 days
Former NBA star Metta World Peace, previously known as Ron Artest, has announced the launch of a $100 million venture capital fund focused on sports technology investments. The fund, named XvsX Sports Fund I, aims to support early-stage startups in the sports tech sector.
- The fund will target investments in areas such as artificial intelligence, blockchain, and data analytics within the sports industry.
- World Peace has partnered with seasoned venture capitalists and...
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Team S
@newnexteam
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8 days
Google has unveiled its latest breakthrough in quantum computing: the Willow chip. This state-of-the-art quantum processor represents a significant advancement in the field, pushing the boundaries of what's possible in computational power and efficiency.
The Willow chip has demonstrated remarkable capabilities, completing a benchmark computation in under five minutes that would take today's fastest supercomputers approximately 10 septillion years to solve. <...
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Praveen Paranjothi
@praveen
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10 days
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Team S
@newnexteam
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12 days
Dimension has raised $500 million for its second venture fund targeting startups at the intersection of technology and biology as researchers increasingly apply tools such as artificial intelligence to biomedical research.
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Team S
@newnexteam
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14 days
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Praveen Paranjothi
@praveen
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15 days
"AustralianSuper’s annual report this year said “unlisted assets are expected to outperform listed equivalents over the medium to long term” https://on.ft.com/49vejoM
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Praveen Paranjothi
@praveen
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15 days
Entrepreneurial opportunities are specialized AI, AI-physical integration, energy-efficient tech. More focused, efficient solutions, pushing industries toward greater automation.
Policy makers challenge: Automation and AI taking centre stage resulting in what were once numerous problems solved by numerous teams shall shift to fewer entrepreneurs tackling numerous problems, employing automation. This will require fewer human workers leading to fewer job opportunities and conce...
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Team S
@newnexteam
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16 days
Business transactions are now so fast that the selection of a suitable B2B payment platform can help to smooth transactions and cash flow. There are now so many options presented that it is hard to decide which best meets the needs of the business. This article gives an overview of key factors and how one may go about choosing a suitable Show more
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Praveen Paranjothi
@praveen
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18 days
The venture capital industry must prioritize investing in and rewarding founders to create stronger incentives for entrepreneurship. Founders often endure years of relentless effort before identifying a scalable model, yet this critical journey remains undervalued. Raising more capital without expanding the pool of founders and opportunities distorts the market - leads to inflated valuations and diminished returns. A sustainable approach must focus on ...
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Team S
@newnexteam
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22 days
The "Private Markets Annual Report 2024" by Barclays highlights a growing trend among high-net-worth investors (HNWIs) and ultra-high-net-worth (UHNW) individuals towards private equity and venture capital investments. This preference is driven by several key factors:
Investment Motivations
HNWIs and UHNW investors are increasingly drawn to private markets for:
- Diversification and lower portfolio volatility
- Historic...
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Team S
@newnexteam
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23 days
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Team S
@newnexteam
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24 days
Alt Mobility, a company specializing in commercial electric vehicle leasing and asset management, has successfully raised $10 million in its latest funding round. This financial boost comes primarily from Eurazeo, a European venture capital and private equity fund, which led the investment as an existing backer of the company.
Alt Mobility's focus on commercial EV leasing and asset management positions it at the intersection of two rapidly growing sectors: electric vehicles a...
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Team S
@newnexteam
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a month
Hort Innovation, a leading Australian horticultural body, has unveiled an innovative venture fund aimed at boosting startups that bring transformative solutions to the agricultural and horticultural sectors. The initiative underscores Hort Innovation's commitment to fostering sustainability, technology-driven growth, and global competitiveness in the industry.
The fund is designed to provide financial backing to early-stage startups focusing on key challenges such as supply c...
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Team S
@newnexteam
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a month
MetaLayer, a newly independent venture firm, has spun out of Two Sigma to focus on opportunities in the evolving crypto ecosystem. The firm unveiled its $25 million fund, targeting early-stage investments in blockchain technology, decentralized finance, and Web3 infrastructure.
MetaLayer’s strategy aligns with crypto's long-term potential, despite a volatile market. The fund aims to bridge the gap between traditional finance expertise and cry...
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Team S
@newnexteam
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a month
The 29th Conference of the Parties (COP29), held in Baku, Azerbaijan, concluded with significant progress in climate finance and carbon markets. However, critical issues like fossil fuel transition and adequate funding remain unresolved, emphasizing the complexities of global climate action. The outcomes of COP29 present both opportunities and challenges as the world grapples with the urgent need for sustainable solutions.
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Team S
@newnexteam
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a month
Lighthouse, formerly known as OTA Insight, has secured a substantial $370 million in Series C funding, propelling its valuation beyond $1 billion. This round was led by KKR, with continued support from existing investors:
- Spectrum Equity
- F-Prime Capital
- Eight Roads Ventures
- Highgate Technology Ventures
The repeated investment from these firms underscores their confidence in Lighthouse's growth trajectory and market potential.
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