Two years ago, Jobs for the Future (JFF), a non-profit dedicated to helping low-wage workers attain upward mobility, established a venture arm, JFFVentures, to back innovative employment tech. In a move implying that the launch went well, JFFVentures t…
As the digital asset industry picks up steam again, some crypto funds are looking to hone in on specific sectors. Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with …
After a couple years of dabbling in angel investments, crypto advisory firm Reverie is now bringing a bigger checkbook to bear. The firm is launching a flagship $20 million fund to invest in pre-seed and seed-stage crypto companies, its co-founder Larr…
Vessel Capital, a web3 venture fund, has emerged from stealth with $55 million in assets under management to invest in infrastructure and applications, the firm exclusively told TechCrunch. Founded by Mirza Uddin, Eric Chen and Anthony Anzalone, the firm has been investing about $10 million annually, Uddin said. The fund is “evergreen” and has the…
A fund like this could help revive growth in the ecosystem, but it will take many like this in order to create another wave of capital like we saw in 2021.
VC firm Sapphire Ventures says that it plans to invest more than $1 billion in AI-related enterprise startups, demonstrating the strong appetite among investors for cutting-edge AI tech. Reuters reports that the $1 billion in capital will come from Sapphire’s existing funds, which have $10 billion under management and about $3 billion waiting to the…
UK-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank, through its Enterprise Capital Funds programme, to back startups using artificial intelligence to reinvent traditional media models. Other investors in the latest fund include The…
Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa that are focused on improving the wellbeing of people below 30 years in low-and-middle-income countries. The evergreen fund will back pre-seed to Series A startups including those that advance health services,…
Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance,…
Seed Club, a DAO-focused accelerator program, has launched its venture arm out of stealth mode with a $25 million fund, the team shared exclusively with TechCrunch. “Seed Club is a DAO for builders at the intersection of builders and culture with three areas: an accelerator, a community of members and now the venture arm,” said…
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