News - Page 658

Zimtu Capital Corp. has announced that it has signed an agreement with Blockchain Venture Capital Inc. to provide its ZimtuADVANTAGE program. Under the terms of the agreement, Zimtu will receive a monthly

TLDR: Fearless Fund, a venture capital firm that focuses on investing in Black women entrepreneurs, is disputing an injunction that has stopped its grant program. Attorneys for the firm argued in court

In an unconventional move, venture capital firm General Catalyst is set to acquire Summa Health, a nonprofit healthcare system based in Akron, Ohio. The deal, expected to be completed by the end

TLDR: News startup, The Messenger, failed to raise $50 million and is shutting down. Lessons for entrepreneurs include avoiding reliance on venture capital, attracting investors through limited capital and success, and building

TLDR: News startup, The Messenger, failed to raise $50 million, resulting in its shutdown. 94% of billion-dollar entrepreneurs did not rely on venture capital, showing the flawed nature of the VC model.

In a recent hearing, Atlanta-based venture capital firm Fearless Fund faced tough questions from conservative judges regarding its grant program to support Black-women-owned businesses. Fearless Fund was hit with a lawsuit in

European LPs have backed Lithuania-based VC Practica Capital’s third fund. The European Investment Fund is the cornerstone investor in the new fund, with Swedbank Investicijų Valdymas and Swedbank Investeerimisfondid serving as anchor

TLDR: Private funding for quantum computing has dropped due to the growing hype around generative AI, according to The Quantum Insider’s State of Quantum report. VC funding for quantum technology decreased by

The latest edition of Cointelegraph’s VC Roundup highlights the funding rounds of several cryptocurrency startups in January 2024. Here are the key takeaways: – Smart contract platform Axiom raised $20 million for

The UK had one of the highest percentages of venture capital funds invested in startups with female founders in Europe last year, according to a report from Female Foundry. However, the report