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The early-stage venture capital market is weird and chaotic – 98bmp

When SoftBank announced its first Vision Fund back in 2017, 98bmp gawked at the size of the fundraising vehicle and its $100 million minimum check size. Noting a few of its early deals, we wrote that “the party is just getting started.” Little did we know how accurate that quip would become. The Vision Fund poured capital into a host of companies with big plans, or what could at least […]

todayJune 22, 2021 3


Early-stage venture firm The Fund launches in Australia – 98bmp

The Fund Australia’s team (l to r): Elicia McDonald, Adrian Petersen, Georgia Vidler, Ed Taylor and Todd Deacon The Fund, the early-stage investment firm focused on pre-seed and seed startups, is going Down Under for its latest expansion. The Fund was founded in New York in 2018, before launching in Los Angeles, London, the Rockies and the Midwest, too. Co-founder Jenny Fielding, who is also managing director at Techstars New […]

todayJune 16, 2021 3


Edge computing startup Macrometa gets $20M Series A led by Pelion Venture Partners – 98bmp

Macrometa, the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. The round was led by Pelion Venture Partners, with participation from returning investors DNX Ventures (the Japan and US-focused enterprise fund that led Macrometa’s seed round), Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures and Shasta Ventures. The startup, which is headquartered in Palo Alto with […]

todayJune 15, 2021 4


SOSV, the global venture firm, just closed a $100 million fund to back its maturing startups – 98bmp

Sean O’Sullivan, the founder of the global venture outfit SOSV, has slowly but steadily built up a sizable operation over the years. SOSV started off as a family office, investing the capital of O’Sullivan after he cofounded two companies, including MapInfo, an outfit that went public in 1994 before Pitney Bowes it years later, in 2007. The seed-stage investing outfit went on to raise three more funds, including a $277 […]

todayJune 12, 2021 3


So, you want to democratize venture capital – 98bmp

A venture capitalist once told me candidly that whenever you see the phrase “democratization” in tech marketing material, think of it as a red flag. Democracy, generally speaking, often comes with an ironic caveat: It disproportionately benefits white and male participants. Now, you know me well enough to know that I wouldn’t start off your Saturday with this dreary of an introduction normally, but I think that that reality is […]

todayMay 29, 2021 3


Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture – 98bmp

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects […]

todayMay 3, 2021 2


Here are all the startups pitching today at Venture Day Minsk – 98bmp

Venture Day Minsk (organised by tech startup hub Imaguru) is run annually, but because of the pandemic and the political situation in Belarus it has gone virtual. Even Imaguru itself has had to switch to online-only operations after Lukashenko’s thugs shut down its physical space. If you want to support them, check out their startups, and maybe grab a T-shirt. There are are always interesting startups to watch out of […]

todayApril 29, 2021


Solar roof-tile and energy startup SunRoof closes €4.5M led by Inovo Venture Partners – 98bmp

SunRoof is a European startup that has come up with a clever idea. It has its own roof-tile technology which generates solar power. It then links up those houses, creating a sort of virtual power plant, allowing homeowners to sell surplus energy back to the grid. It’s now closed a €4.5 million round (Seed extension) led by Inovo Venture Partners, with participation from SMOK Ventures (€2m of which came in […]

todayApril 28, 2021 2


Bobby Goodlatte has designs on how to succeed in venture, and so far, so good – 98bmp

Bobby Goodlatte has only been an investor for about a decade, but he appears to have already made tens of millions of dollars, contrary to the expectations of some traditional VCs who have privately, and publicly, griped that too many novice investors have flooded into the industry. “I remember a very prominent investor saying at the time, ‘All these new angel investors, they’re all going to lose all their money; […]

todayApril 23, 2021