Media streamer Plex has raised new capital. The company, which began as a media organization startup, has morphed over the years to become a one-stop shop for all your media, including ad-supported streaming, which now accounts for much of its revenue growth. The new round, which has not yet been disclosed, is larger than Plex’s […]
Countdown Capital winding down is not a bad omen for micro funds
Last week, my colleague Aria Alamalhodaei wrote an exclusive on defense and space tech venture firm Countdown Capital’s plan to shut down. Jai Malik, the founder of Countdown, said in a letter to his LPs that due to how competitive the industrial tech sector has become, he is no longer confident about smaller venture firms’ ability […]
Korea’s “Ice Bucket Challenge” Pioneer Finally Raises Enough Funds For First ALS Hospital
South Korea is on its way to getting its first specialized hospital to treat ALS, and Korean hip-hop artist Sean has played a massive role in it. Sean | DongA Ilbo Sean, a member of the YG Entertainment duo Jinusean, is a music industry veteran, having debuted in the 90s. But for the past decade, […]
What is happening with all these new venture funds?
A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Against a backdrop of layoffs and continuing economic uncertainty, […]
BoxGroup closes on $425M for two funds to back early-stage startups
As the year comes to a close, early-stage venture capital investment continues its slowdown, according to data from Crunchbase. However, BoxGroup is one VC firm that is keeping the investment train rolling. TechCrunch learned exclusively that the firm, based in New York and San Francisco, quietly closed on $ 425 million in capital commitments across […]