PYMNTS-MonitorEdge-May-2024

Venture Capital

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Source: en.wikipedia.org

Rent the Runway Co-Founder Jenny Fleiss Joins Initialized Capital
Rent the Runway Co-Founder Jenny Fleiss Joins Initialized Capital
December 07, 2023  |  Startups

Rent the Runway co-founder Jenny Fleiss has joined venture capital (VC) firm Initialized Capital as a partner. Fleiss brings to the firm a depth of experience and work ethic that...

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3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
3,200 VC-Backed Companies Go Under in ‘Difficult Year’ for Startups
December 07, 2023  |  Startups

Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT)...

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European Startup Funding Falls as US Investors Pull Back
European Startup Funding Falls as US Investors Pull Back
November 28, 2023  |  Investments

Funding for European tech startups continues to fall as American investors shut off financing. That’s according to the annual State of European Tech report by...

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Card Issuer Petal Seeks Buyer Amid Struggle for Capital
Card Issuer Petal Seeks Buyer Amid Struggle for Capital
November 19, 2023  |  Credit Cards

Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. The company, which provides cards for consumers who are new to credit, is...

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Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
Menlo Ventures Raises $1.35 Billion for Fledgling AI Firms
November 16, 2023  |  Investments

Menlo Ventures has raised $1.35 billion to invest in artificial intelligence (AI) ventures. The new capital will be split between early-stage fund Menlo XVI and early...

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VC-Led Startup Safety Commitments Spark Debate Around AI Accelerationism 
VC-Led Startup Safety Commitments Spark Debate Around AI Accelerationism 
November 16, 2023  |  artificial intelligence

Artificial intelligence (AI) was no doubt the most pivotal technology of the past year. And it may just prove to be the most pivotal innovation...

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Coinbase Cuts Crypto Investment Amid Wider VC Pullback
Coinbase Cuts Crypto Investment Amid Wider VC Pullback
November 15, 2023  |  Cryptocurrency

Coinbase, among the chief investors in the cryptocurrency sector, has reportedly reduced its startup funding. This pullback is part of a larger decline in investments...

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VC Firm Interplay Raises $45 Million for Software Companies
VC Firm Interplay Raises $45 Million for Software Companies
November 13, 2023  |  Investments

New York-based venture capital (VC) firm Interplay has reportedly closed its third fund, raising $45 million in capital commitments. The firm specializes in investing at...

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‘Down Rounds’ and Declining Valuations Signal Bumpy Road for FinTech IPO Index
‘Down Rounds’ and Declining Valuations Signal Bumpy Road for FinTech IPO Index
November 13, 2023  |  IPO

The third quarter is newly in the rearview mirror. Earnings season still rolls on. The FinTech IPO Index, which chronicles the stock market performance of nearly...

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