money

Closing on $103M, MaC VC is changing the face of venture capital

The partners at MaC Venture Capital, the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. Formed w

Planting seed investments on tech’s frontiers nets KdT Ventures $50 million for its latest fund

Like other venture investors over the past year, Cain McClary, co-founder of the investment firm KdT Ventures, recently made the jump to Austin. But unlike the rest of them, he was coming from Black M

Aldea Ventures creates ‘hybrid’ European €100M fund to invest both in micro VCs, plus follow-on

The historical trajectory of venture capital has been to move to earlier and earlier finding rounds in order to capture the greatest potential multiple on exit. In the U.S., we’ve seen an explosion

Cash-and-send fintech startup Diem raises $5.5M seed led by Fasanara Capital

Diem, a London, U.K.-based fintech startup, has raised a seed round of $5.5 million led by Fasanara Capital, and angel investor Chris Adelsbach, founder of Outrun Ventures. Additional investors includ

The Robinhood competitor landscape intensifies as Invstr raises $20M

One of the biggest gripes about investing apps is that they are not acting responsibly by not educating users properly and allegedly letting them fend for themselves. This can result in people losing

Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once t

$5.7M stolen in Roll crypto heist after hot wallet hacked

A security breach at cryptocurrency platform Roll allowed a hacker to obtain the private key to its hot wallet and steal its contents — worth about $5.7 million. In a statement, the company said it

Inovia Capital raises $450M for second growth-stage investment fund

Montreal-headquartered Inovia Capital has raised $450 million for Growth Fund II, the firm’s second growth-stage investment fund. The close of this funding comes just a little over two years aft

Flutterwave and PayPal collaborate to allow African merchants to accept and make payments

It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insuffic

Instacart raises $265M at a $39B valuation

On-demand grocery delivery platform Instacart has raised a $265 million funding round from existing investors, including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others. The new f

Bessemer Venture Partners closes on $3.3 billion across two funds

Another VC firm has closed on some significant funding for investments — underscoring both the long-term confidence investors continue to have for backing startups in the tech sector, and the am

Calling Oslo VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major project to survey the venture capital investors of Europe, and their cities. Our survey of VCs in Oslo and Norway will capture how the country is faring, and what ch

UpEquity raises $25 million in equity and debt for its cash-pay mortgage lending service

With a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its business. Chief executive Tim Herman

LA-based SoLo Funds raises $10 million to offer an alternative to predatory payday lenders

SoLo Funds wants to replace payday lenders with a community-based, market-driven model for individual lending, and now has $10 million to expand its business in the U.S. Payday lenders offer high-inte

Launching Panoramic Ventures, Atlanta’s BIP Capital adds a new partner and plans $300 million new VC fund

Atlanta-based BIP Capital has a new name for its venture capital operations (Panoramic Ventures); a new partner (Paul Judge); and is launching a $300 million new fund in its bid to plant a flag as the

Calling Belfast tech investors: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major project to survey the investors of Europe, and their cities. Our survey of Angels, accelerators, and VCs in Belfast and Northern Ireland will capture how things are

Buy now, pay later to be regulated in the UK

Following a government review, the U.K.’s financial services regulator will be instructed to regulate the buy now, pay later industry made popular by companies such as Klarna and AfterPay (known

SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run

The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. It’s a relatively brief statement and doesn’t

Robinhood raises $1B after trading halts to keep its platform running

After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing app Robinhood has raised new capital. The ne

The somewhat boring reason it appears that Robinhood yanked trading on some securities

After enduring a day’s worth of taking a beating across social media, government and the various app stores of the mobile world, Robinhood took to its own blog and CEO’s Twitter account
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