News - Page 534

TLDR: Victoria’s state-run $2 billion venture capital fund, Breakthrough Victoria, is under scrutiny for lack of transparency and high risks involved. There are calls to scrap the fund as Victoria faces record

Article Summary TLDR: Victoria’s state-run $2 billion venture capital fund, Breakthrough Victoria, is under scrutiny for lack of transparency. The fund, created in 2020, aims to invest in startups and expanding businesses

TLDR: BrickBio, a biotechnology company in Boston, received an investment from Samsung Ventures. The investment amount was not disclosed, but it will support the development of protein engineering technology and preclinical assets.

TLDR European start-ups are turning to convertible debt deals to secure funding in the midst of a funding downturn. While this financial instrument offers a lifeline for cash-hungry companies, the growing complexity

Article Summary TLDR: – Cedar Capital marks the first close of a $30 million fintech fund – The fund will focus on banking technology, B2B fintech, insurance companies, NBFCs, and other financial

TLDR: Keyring Network, a company providing permissioning tools for financial service providers, raised $6M in funding led by gumi Cryptos Capital and Greenfield Capital. The company intends to use the funds to

TLDR: Keyring, a compliance platform, raised $6 million in VC funding to expand on-chain compliance for institutions. The company aims to help institutional investors interact with DeFi platforms in a compliant way.

TLDR: Equity financing is becoming scarcer and more expensive, leading startups to explore venture debt as an alternative. Venture debt allows companies to grow and minimize dilution, making it a viable option

TLDR: European start-ups are turning to complex convertible debt deals as venture funding dries up. The volume of convertible debt issued hit a record $2.5 billion in 2023. European venture capital-backed companies

TLDR: 2023 was a tough funding year, and 2024 is expected to be gradual for startups seeking funding. Startups can attract VC funding by focusing on data-driven approach, revenue validation, continuous learning,