News - Page 591

TLDR: Jeremy Sparrow has joined IDC Ventures as a Partner, bringing valuable experience in finance, consulting, and technology. His appointment will help IDC Ventures expand its network of prominent families and professional

TLDR: Jeremy Sparrow joins IDC Ventures as a Partner, bringing a wealth of experience in finance, consulting, and technology to expand the firm’s global footprint. Key Points: Jeremy Sparrow appointed as Partner

TLDR: VC funding for Black-founded US startups fell to $705 million in 2023. This is the first time the number fell below $1 billion since 2016. The state of venture capital (VC)

TLDR: L’esprit Cruises is launching the first Black-owned fleet of eco-friendly super yachts. The National Business League program has surpassed $100 million in secured contracts for Black businesses. The article highlights the

TLDR: – Sam Wilkins joins Riviera Partners as a Partner, enhancing their venture-backed practice – Riviera Partners launches a new Venture-Backed Practice focused on the VC sector Sam Wilkins has joined Riviera

TLDR: AI robotics company Figure has secured $675 million in Series B funding. Key investors include Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos, Parkway Venture Capital, Intel Capital, Align Ventures, and ARK

TLDR: The House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party criticizes investments made by U.S. venture capital firms into companies in China. The report

TLDR: The Klarna drama reveals a governance gap Klarna’s internal issues and challenges were highlighted The recent issues at Klarna have shed light on a governance gap within the company. The popular

Article Summary TLDR: Gilead Sciences secures $210M from Abingworth for Trodelvy trials Abingworth will offer funding to support select clinical studies of Trodelvy in non-small cell lung cancer In a unique collaboration

TLDR: Key Points: Chipotle doubles Cultivate Next venture fund to $100m. The fund invests in start-up businesses to support Chipotle’s growth and sustainability goals. Fast casual restaurant chain Chipotle has announced that