Welcome to The VC Corner, your weekly dose of Venture Capital and Startups to keep you up and running! 🚀
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In-Depth Insights 🔍
Public and private markets have realized that Vertical Software businesses can be great businesses. Although they take a long time to build, vertical software businesses can become very valuable. However, it might be that the lion’s share of value creation happens more than 10 years after starting ⌛ [Louis Coppey, Point Nine]
AI’s $600B Question. The AI bubble is reaching a tipping point. Navigating what comes next will be essential 🤔 [sequoia, David Cahn]
The Power of Niche: How Specialized First-Time VC Managers can Outperform Generalists. In the competitive world of venture, finding an edge can make all the difference 🎯 [Allocator One]
Free trials are dying in SaaS B2B businesses. Expectations are evolving for SaaS products and so should you 🔄 [Anup Surendran]
10 Books for Founders, by Founders. Here's your summer reading list 📚 [Michael Houck]
How much is sold in a SAFE round? When fundraising on SAFEs, the conversation often centers around the valuation cap. Framing the deals around ownership could make more sense 💵 [Peter Walker, Carta]
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Interesting Reports 📊
Growth Equity in European Healthtech 🏥 [MTIP, dealroom.com]
Europe & Israel’s Founder Factories – GenAI edition 🤖 [Accel, dealroom.co]
Recently Launched Funds 💸
European Investment Bank Pledges €350 Million to Largest Spanish VC Fund. The fund aims to invest €1 billion in climate and deep-tech startups in Europe, targeting “scale-ups” that have already attracted initial funding rounds and are looking for money to expand, the EIB said in a statement on Monday
Spain’s exposure to climate change helps Madrid-based VC Seaya close €300M climate tech fund. The new “Andromeda” fund will invest in growth companies that specialize in energy transition, decarbonization, sustainable food value chains, and the circular economy
J2 Ventures, a Boston, Ma-based deep tech venture capital firm focused on new technologies for both the private sector and national security interests of the U.S and its allies, raised $150M for its new Argonne Fund
PG&E Partners with Plug and Play to Accelerate Innovation in San Jose, California. G&E will engage with startups working on technologies shaping the future of AI
Industry Ventures, a San Francisco, CA-based investment firm focused on private technology investments, closed its seventh hybrid fund investing in emerging seed- and early-stage funds through primary and early secondary Limited Partnership interests and direct investments, at $900M
The Westly Group, a Menlo Park, CA-based multi-stage venture capital firm, raised a $100M seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors
Hottest Deals 💥
Cofounded by Polygon’s Sandeep Nailwal, San Francisco-based Sentient has raised $85 Mn in a seed funding round co-led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures. The blockchain-based AI startup also got backing from Robot Ventures, Delphi, Republic, Arrington Capital and few other VCs
Revolut CEO to sell part of stake in $500 million share sale
Myricx Bio, a London, UK-based biotech company focusing on the discovery and development of a novel payload class for antibody-drug conjugates (ADCs), raised £90M ($114M) in Series A funding
Thoma Bravo, a Chicago, IL-based software investment firm, completed the acquisition of Everbridge, Inc., a Boston, MA-based company which specializes in critical event management and national public warning solutions, for approximately $1.8 Billion