Category: Ventures

Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea
, ,

Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea

Bykea, which leads the ride-hailing market in Pakistan, has raised $13 million in a new financing round as the five-year-old startup looks to deepen its penetration in the South Asian country and become a “super app.” The startup’s new financing round, a Series B, was led by storied investment firm Prosus Ventures . It’s the…

Read More
SaaS Ventures takes the investment road less traveled
, ,

SaaS Ventures takes the investment road less traveled

Open since 2017, the firm just launched its second $20 million fund 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…

Read More
Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt’s next act
, ,

Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt’s next act

Nearly eight years ago, Hamet Watt and Stacy Spikes launched MoviePass, the subscription-based movie ticketing service that captured the minds and dollars of investors and brought thousands of cinephiles a too-good-to-be-true deal for all-you-can watch movie passes. Watt, who came to MoviePass as an entrepreneur in residence at True Ventures, previously founded the brand and…

Read More
Connect Ventures outs $80M third fund to back ‘product-led’ seed-stage founders
, ,

Connect Ventures outs $80M third fund to back ‘product-led’ seed-stage founders

Connect Ventures, the London-based seed-stage VC that was an early investor in Citymapper and Typeform — and more recently backed scaling startups such as Curve and TrueLayer — is announcing a new $80 million fund to continue investing in “product-led” founders. Backing the new fund is a combination of existing and new LPs including Top…

Read More
Fly Ventures raises new €53M fund to back seed-stage enterprise and deep tech startups in Europe
, ,

Fly Ventures raises new €53M fund to back seed-stage enterprise and deep tech startups in Europe

Fly Ventures, the Berlin-based VC that invests in seed-stage European startups within enterprise and deep tech, has raised a new €53 million fund. The firm writes initial cheques of between €500,000 and €1.3 million, and says it is on the hunt for startups developing “novel, advanced technology at the cutting edge of their respective sectors.”…

Read More
, ,

Precursor Ventures’ Charles Hudson on ‘the conversation no one has during an upmarket’

For pre-seed startups, precarious times are baseline until they secure their first customer, first hire and first check. But no matter how built-in turbulence might be for a pre-seed founder, we’re entering a period where stresses are amplified and outlooks are unpredictable. In light of the new market conditions, a harder fundraising market and slower…

Read More
Obvious Ventures closes an irrationally-sized third fund
, ,

Obvious Ventures closes an irrationally-sized third fund

Obvious Ventures, the firm co-founded by Medium CEO and Twitter co-founder Ev Williams, announced today that it has closed its third fund “OV3” at $271,828,182, a number that the graphing calculator-owning among us may recognize as e or Euler’s number. When asked whether the firm had to return any LP money just so it could…

Read More