A court order recently forced Elon Musk’s X to reveal its full list of shareholders, as of June 2023, to the public. Many of the recognizable tech industry names had already been reported as backers of Musk’s effort to buy the social media company then known as Twitter and take it private, inculding VC firms […]
Hey, there ARE Growth funds in Europe — Kennet raises $287M for its largest fund to date
Europe is routinely castigated by tech industry observers for having too little ‘growth capital’ funds, and, compared to the US, that’s true. That said, it is nowhere near non-existent on this front. To wit: Growth equity investor Kennet has just announced it’s raised €266 million for its largest fund to date, Kennet VI, which is […]
Index Ventures raises $2.3 billion for new venture and growth funds
Index Ventures is announcing $ 2.3 billion in new funds to finance the next generation of tech startups globally. These new funds are spread across different stages with $ 800 million dedicated to venture investment and $ 1.5 billion set aside for growth and late-stage companies. How do these funds compare to the previous ones? […]
Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms
Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets that gives them the right to buy more shares in a portfolio company […]
Fearless Fund’s founder has resigned and it’s a sad reflection on the VC world for Black women
On Monday, Fearless Fund’s cofounder Ayana Parsons announced that she was stepping down from her leadership role from the firm. She will no longer be its general partner and COO but will be off “enjoying island life” with her family, she said in a LinkedIn post. She cofounded the fund in 2019 with partner Arian […]