Swizzle Ventures has closed its Fund I at $ 6.6 million, bypassing its initial $ 3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch previously reported that the firm, which quietly launched in 2023, was raising and has already bypassed $ 5 million, per its SEC filing. The thesis of […]
Former OpenAI CTO Mira Murati is reportedly fundraising for a new AI startup
Mira Murati, the OpenAI CTO who announced her departure last month, is raising VC funding for a new AI startup, according to Reuters. This startup will reportedly focus on building AI products based on proprietary models and could raise more than $ 100 million in this round. At the time of her departure, Murati wrote […]
Virtuous, a fundraising CRM for nonprofits, raises $100M from Susquehanna Growth Equity
I recently adopted a kitten from a local animal shelter. The modern, well-staffed three-story facility relies almost entirely on donations to operate. It’s just one of the 1.8 million nonprofits in the U.S. that need to continually solicit contributions from donors to maintain its services. But Virtuous founder and CEO Gabe Cooper says that many […]
Fundraising is a lot easier when you have traction
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 was a bit of a carryover from the one before as Bolt’s drama keeps unfolding — another story to be continued. But capital also flew […]
The fallout after Bolt’s aggressive fundraising attempt has been wild
This past week was a wild one in the world of fintech as Bolt surprised the industry with a leaked term sheet that revealed it is trying to raise $ 200 million in equity and an unusual, additional $ 250 million in “marketing credits.” As part of this deal, Bolt wanted a $ 14 billion […]