Industry News

VCs will get liquidity in 2024 from the secondary market, not IPOs

If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said yes. We know because TechCrunch surveyed more than 40 of them in December and that’s what they said. Yet, there are two weeks left in Q1, still […]

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Ted Schlein’s 2-year-old Ballistic Ventures has already raised a second $360 million fund

After a shakeup at Kleiner Perkins a few years back, one of its star B2B investors, Ted Schlein, started his own firm. Ballistic has already closed a second fund, even bigger than the first.

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As European dynamism gathers momentum, Elaia and partners double down with new deep tech fund

Elaia’s third deep tech seed fund, DTS3, is double the size of the two previous funds, and signals the momentum that is forming around an emerging concept: European dynamism.

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Startups are hiring fewer workers and paying out less in equity comp

Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

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Enterprise SaaS investment makes a comeback — but not where you’d expect

When we examined venture investment amounts in enterprise SaaS startups, we were surprised at the top categories.

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TechCrunch Minute: Reddit’s IPO success may hinge on AI boom

The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic. Now, the company is fighting to retain as much of its final private-market price in its public offering. The company’s sheer size — more […]

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Polar Signals wants to help companies cut cloud costs with more efficient code

A young startup is setting out to help enterprises cut their cloud costs by writing “more efficient” code — and it has secured $6.8 million in fresh funding from notable backers including Alphabet’s GV, Spark Capital and Lightspeed. Polar Signals, as the company is called, kicked off its seed round back in 2021 with $4 […]

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Empathy closes $47M for AI to help with the practical and emotional bereavement process

Death, as the famous saying goes, is one of the inevitable certainties of life. But that doesn’t make coping with it any easier — not least because while loved ones are grieving, they must also handle a dizzying number of practical tasks, from organizing funerals through to settling finances for the deceased. A startup called […]

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Generative AI video startup Tavus raises $18M to bring face and voice cloning to any app

Tavus, a four-year-old generative AI startup that helps companies create digital “replicas” of individuals for automated personalized video campaigns, has confirmed a fresh $18 million in funding and revealed that it’s opening its platform for third parties to integrate their software with the company’s technology. Reports emerged back in August that Tavus had raised “about […]

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Peak XV to launch perpetual fund backed by own partners, other leaders

Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, according to an internal memo and a source familiar with the matter. The venture firm seeks to become a significant LP in the firm’s future vehicles and to explore investment in different asset classes. The most influential venture investor in […]

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