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Today: October 2, 2024
March 24, 2024
1 min read

Venture Fund Breaks Borders with $700M SAFE and IPOs



TLDR:

  • Onyx neobank is pivoting to B2B, Montauk Climate incubator, and Ethos Fund for cross-border investing.
  • Saudi Arabian government investing in AI, VCs may be holding back IPO rush, and Reddit IPO doing well.

A $700M SAFE, IPOs are making a comeback, and a venture fund transcending borders were discussed in the Equity podcast hosted by Becca, Mary Ann, and Alex. Onyx neobank, Montauk Climate incubator, and Ethos Fund for cross-border investing were highlighted as Deals of the Week. The upcoming Saudi AI push and notable venture funds raising capital in the Middle East were also key topics. Additionally, some VCs may be holding back the IPO rush, as Reddit’s successful IPO showed during the recording. The episode ended with a reminder to tune back in on Monday for more updates.


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