fund

European early-stage investment firm Plural Platform has launched a new €400mn fund as it seeks to turn budding startups into “world-changing” global companies.  Plural was founded in 2021 by Wise co-founder Taavet Hinrikus and Songkick founder Ian Hogarth, alongside former Skype executive Sten Tamkivi and Khaled Helioui, previously chief executive at Bigpoint Games. The firm focuses on early-stage investments in deep tech startups tackling seriously difficult problems. Since raising its first…

European VC Plural has carved out a reputation for itself as being one of the few VCs in the region started and led by entrepreneurs who grew their own startups. Its founders include Taavet Hinrikus from TransferWise/Wise; Sten Tamkivi; and Ian Hogarth, the founder of Songkick who more recently has also added a role with the U.K. government in AI safety strategy. Now Plural itself is scaling up, with a fresh €400 million fund to back what Hogarth refers to as “transformational” startups in the region, bringing more…

In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia–based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV Fund V. Limited partners include the World’s Bank’s IFC and investors from the United States, the Middle East and North Asia. More than 50% of the fund came from returning LPs and institutional capital makes up over 90% of its total. AC Ventures has already started…

Marriage is often a compromise, in the service of something greater. But this doesn’t mean giving up everything you’ve wanted just because your partner has a change of plans. Particularly, if you aren’t even married to this person yet.A woman (23) asked if she was wrong to be upset when her husband-to-be (35) decided to cancel their honeymoon to Paris so he could fund a monster truck with “the boys.” You read that correctly. Readers did their best to convince OP that she needed to get out of this situation as quickly as…

President Bola Tinubu has approved the appointment of a Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF) to be domiciled in the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA): (1) MDGIF Governing Council Chairman — Minister of State, Petroleum Resources (Gas) (2) MDGIF Executive Director — Oluwole Adama (3) MDGIF Governing Council Secretary — Joseph Tolorunshe (4) NMDPRA Chief Executive — Farouk Ahmed (5) Representative of the Central Bank of…

After a year of right sizing, employers are looking in the mirror and concluding there is still fat to lose. Companies including Amazon, Xerox, Google and BlackRock this month have announced plans to trim their workforces. Some of the companies now cutting jobs conducted larger-scale layoffs over the past year or so. Since then, inflation has come down along with expectations for a recession, which most economists anticipated as recently as the middle of last year. Copyright ©2024Dow Jones & Company, Inc. All Rights…

Listen to article(1 minute)Some companies are kicking off the new year by trimming staff as a steady labor market shows signs of cooling off. The labor market flashed some warning signs at the end of last year. Hiring has slowed in recent months. Open positions also dropped at the end of 2023 compared with the beginning of the year, while employees are quitting at a lower rate than before the pandemic began. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to…

Upekkha, a startup accelerator focused on the software-as-a-service sector, has announced the first close of a $40 million fund at $15 million.The fund was created with leading investment from WestBridge Capital. The other limited partners, or investors in the fund, include Godard Abel, founder and CEO of G2 that ranks SaaS companies.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM LucknowIIML…

GetVantage, an alternative-financing platform, said it has launched a Rs 250 crore SaaS accelerator fund to help business-to-business companies scale without equity dilution. The fund is an extension to their earlier fund launched in 2022 of about Rs 65 crore.For this, GetVantage has its own licensed NBFC GetGrowth Capital, along with partnerships with Varanium’s Debt Fund, and other leading NBFCs and AIF funds. The company said it has fully deployed the original corpus and has earmarked nearly four times the amount for…

U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream.The regulatory greenlight has been anticipated for several months and the price of bitcoin has jumped about 70% since October.In a twist perhaps appropriate for the unpredictable crypto industry, a fake tweet from the Securities and Exchange Commission’s account on X Tuesday stated that trading of…