RSS Startups

  • Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund January 22, 2020
    Blossom Capital, the early-stage VC firm co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown, is announcing a second fund, less than 12 months since fund one closed. The new fund, which is described as “heavily oversubscribed,” sits at $185 million. That’s up from $85 million first time around. Blossom’s remit remains broadly the same: […]
    Steve O'Hear
  • LumApps raises $70M Series C led by Goldman Sachs January 22, 2020
    LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by […]
    Steve O'Hear
  • Female Founders Alliance absorbs Monarq accelerator to better promote women and non-binary founders January 21, 2020
    Seattle's Female Founders Alliance, which runs the Ready Set Raise accelerator for women and non-binary founders, has acquired New York's Monarq, an incubator with similar goals and origins. The latter will be integrated into the former, but it seems to be a happy collaboration rather than a consolidation of necessity.
    Devin Coldewey

RSS Funding

  • Tencent to grow gaming empire with $148M acquisition of Conan publisher Funcom in Norway January 22, 2020
    Tencent, one of the world’s biggest videogaming companies by revenue, today made another move to help cement that position. The Chinese firm has made an offer to fully acquire Funcom, the games developer behind Conan Exiles (and others in the Conan franchise), Dune and some 28 other titles. The deal, when approved, would value the […]
    Ingrid Lunden
  • Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund January 22, 2020
    Blossom Capital, the early-stage VC firm co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown, is announcing a second fund, less than 12 months since fund one closed. The new fund, which is described as “heavily oversubscribed,” sits at $185 million. That’s up from $85 million first time around. Blossom’s remit remains broadly the same: […]
    Steve O'Hear
  • LumApps raises $70M Series C led by Goldman Sachs January 22, 2020
    LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by […]
    Steve O'Hear

RSS AVC

  • The Management Rights Letter January 21, 2020
    A friend asked me over the weekend “why do VCs ask for a management rights letter when they make an investment?” A management rights letter is a short agreement between a company and an investor to allow them certain “management rights.” These are typically the ability to attend board meetings, the ability to have access […]
    Fred Wilson
  • Peak Decade January 20, 2020
    I read this post on Bloomberg about a theme this week at Davos (never been) about the 2020s being a “Peak Decade”: Peak Globalization (tighter borders in the coming years) Peak Capitalism (the emergence of “stakeholder capitalism”) Peak Inequality (the rich getting poorer, relatively) Peak Youth (an aging world population) Peak Climate Change (I sure […]
    Fred Wilson
  • Funding Friday: The Thinker Lamp January 17, 2020
    I love this project and backed it instantly when a friend showed it to me last week.
    Fred Wilson