AI may be inching its way into the newsroom, as outlets like Newsweek, Sports Illustrated, Gizmodo, VentureBeat, CNET and others have experimented with articles written by AI. But while most respectable journalists will condemn this use case, there are a number of startups that think AI can enhance the news experience — at least on […]
Cendana, Kline Hill have a fresh $105M to buy stakes in seed VC funds from LPs looking to sell
If you ask investors to name the biggest challenge for venture capital today, you’ll likely get a near-unanimous answer: lack of liquidity. Despite investing in startups or VC funds that increased in value, due to the dearth of IPOs, those bets are not generating much, if any, cash for their backers. That’s the drawback of […]
Camshaft says Byju’s unit beneficial owner of $533 million funds
Camshaft disclosed in court filings this week that some $ 533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services to misappropriate money. In the court filings, Camshaft […]
QIA to invest $1 billion in international and regional venture capital funds
The Qatar Investment Authority (QIA) is launching a $ 1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth fund announced on Monday. The program, according to QIA, seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region, with […]
Africa-focused funds find their feet amid a downturn
In the midst of a funding downtime last year, and with conditions getting tougher for fund managers raising capital as backers (limited partners) enhanced their focus on strategy and track record, some new African and Africa-focused funds still emerged, with several of the existing ones receiving fresh backing. Among the notable VC funds that came […]