Ali Rowghani, a former Y Combinator managing director and former Twitter executive, is launching a venture firm called Maxq. Maxq is targeting $ 250 million for its debut fund, Maxq Fund I, according to an SEC filing. The firm will focus on seed-stage investments, Axios reported on Wednesday. Rowghani’s former YC colleagues Mia Mabanta, Simon […]
Peak XV trims fund size and fees as Indian market overheats
Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which raised $ 2.85 billion funds in mid-2022, informed its backers on Tuesday evening that it would cut $ 465 […]
Runway earmarks $5M to fund up to 100 films using AI-generated video
AI video generators need to believe that filmmakers will use their models in the production process. Otherwise why exist? To jump start the new AI film ecosystem, Runway has set aside $ 5 million in cash and more in service credits to fund up to 100 original films. If you’re an AI-curious director, now’s your […]
Zap Energy investors in recent $130M round included Soros Fund and Laurene Powell Jobs’ Emerson Collective
The race for commercial fusion power is heating up. Investors have poured money into fusion startups over the last several years, and one of the more recent beneficiaries of their beneficence is Zap Energy, an Everett, Washington-based startup that’s pursuing a clever approach to harnessing the power of the stars. The company recently closed a […]
All Iron Ventures rebrands as Acurio Ventures with a new €150M ‘follow-on’ fund
Spain and Portugal are bubbling up in the European tech ecosystem, with plenty of new startups and funding rounds being announced in the two countries. Barcelona-based Plus Partners recently launched with the aim of closing a $ 30-$ 50 million million fund; Yellow is a new VC firm that launched with a €30 million fund; […]