Not everyone is convinced of generative AI’s return on investment. But many investors are, judging by the latest figures from funding tracker PitchBook. In Q3 2024, VCs invested $ 3.9 billion in generative AI startups across 206 deals, per PitchBook. (That’s not counting OpenAI‘s $ 6.6 billion round.) And $ 2.9 billion of that funding […]
Science-heavy Swiss VC firm Redalpine raises fresh $200M fund for early-stage investments
Many VC funds, especially recent vintages, have failed to return money to their investors. Swiss VC firm Redalpine is one exception, and this largely explains why its newly announced $ 200 million seventh early-stage fund was oversubscribed. Redalpine Capital VII, or RAC VII, is already well under way to back 15 to 20 European early-stage […]
Robotics investments are gaining speed after post-pandemic slowdown
New numbers out of Crunchbase this week see robotics investments once again trending in a positive direction. The previous two years presented a steady drop in overall numbers, following a record 2021 driven by pandemic-fueled job loss. As we head into the second half of the year, 2024 is on-track to beat last year’s numbers. […]
Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far
Midwest venture capital firms might always play catch-up to the coasts, but that’s not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. Despite being so-called “fly-over cities” according to investors focused on the coasts, the money continues to flow into this region. For example, Michigan’s […]
Seraphim Space launches second VC fund with nine investments already under its belt
Seraphim Space, the UK-based space tech investment group is formally launching its second VC fund following its first close with limited partners including Airbus, TechCrunch learned exclusively. The early stage fund will build a global portfolio of 30 startups that will be backed at the seed and Series A stages. CEO and manager Mark Boggett […]