Acrew Capital has raised $ 700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $ 700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $ 1.7 billion. It’s unclear […]
Khosla Ventures just backed OpenAI with $405M more, but not necessarily with its own capital
Khosla Ventures has raised $ 405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $ 6.6 billion round the company closed last week. But that doesn’t mean Khosla has put substantial or any capital into the […]
OpenAI secured more billions, but there’s still capital left for other startups
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again brought us AI funding news, as well as some warnings: Some categories and stages are showing signs of overheating. Luckily, we also spotted […]
Initialized Capital restructures, and lets multiple partners go
Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go and specifically named Jennifer Wolf, […]
Hone Capital, a Silicon Valley firm, is being probed by the FBI
According to the FT, the FBI is now poking around nine-year-old Hone Capital, a Palo Alto, Ca.-based venture firm funded by a Chinese private equity firm, to determine whether some of its capital came from the Chinese government — and if it shared sensitive startup data with Beijing. Originally launched with $ 115 million from […]