Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for millions of underbanked and demand will keep growing, pushing the value of the digital lending platform market in the Middle East and Africa to reach […]
Former Citi, Battery VC has new $378M fund that helps startups land Prudential, Mutual of Omaha, others as investors and customers
PruVen Capital, a fintech and insurance tech venture fund founded by former Benchmark and Citi ventures VC Ramneek Gupta, has closed a new $ 378.5 million Fund II to invest in financial services and enterprise-focused startups. This second fund is significant because Gupta expanded it beyond a corporate fund with one main LP – Prudential […]
Investors are already valuing OpenAI at over $100B on the secondaries market
OpenAI is in talks to raise a new round of funding at an eye-popping $ 100 billion-plus valuation, sources told the Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate […]
Apple and Nvidia could be OpenAI’s next big investors
Nvidia and Apple are reportedly in talks to contribute to OpenAI’s next fundraising round — a round that could value the ChatGPT maker at $ 100 billion. Per its sources, the New York Times says earlier OpenAI investor Thrive Capital would lead the deal should it happen. (Bloomberg was the first to report Nvidia’s involvement, […]
Why Bill Gates’ Breakthrough Energy and other investors are scouring universities for founders
The humble garage is so steeped in Silicon Valley lore it’s almost cliché. Yet that’s exactly how Caleb Boyd and Kevin Bush started Molten Industries: in the garage of the Stanford professor’s on-campus home, where Kevin rented an apartment. It had everything they needed: space and, most importantly, power. The two wanted to break methane’s […]