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 🔍
Vinod Khosla, Marc Andreessen And The Billionaire Battle For AI's Future. Billionaire investors of the internet era are now locked in a war of words and influence to determine whether AI’s future will be one of concentrated safety, or of unfettered advancement ⚔️ [Forbes]
Number of active VCs in Europe falls more than 50%. PitchBook data shows that in the past year just 906 European VC investors have made two or more deals globally—less than half of the 1,955 investors recorded in 2023 📉 [Pitchbook]
How to Break into VC in 2024. “they should study late-stage founders, so that they know what excellence and quality looks like” 🎓 [Cup of Zhou]
Spanish startups reached €100 billion in aggregate value last year. Venture investment into Spanish startups also held up quite well, with €2.2 billion raised across some 850 funding rounds 🚀 [TechCrunch]
SaaS Playgrounds. How to get 1.5x conversions with Interactive Demos 📊 [Failory, Nicolas Cerdeira]
How VCs Become Assholes. These are the primary ways that investors can become assholes, along with the causal factors 😡 [NfX]
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Interesting Reports 📊
Global Private Capital Barometer - Summer 2024 💼 [Coller Capital]
Evaluating the Europe VC Dealmaking Funnel 🔍 [PitchBook]
DACH Startups Decoded Vol.2024: 5 key startup trends to watch 📈 [NGP Capital]
Recently Launched Funds 💸
High Alpha, an Indianapolis, IN-based venture capital firm, closed its fourth fund, at $125M. ServiceNow, a global leader in cloud-based platform and enterprise solutions, joins High Alpha IV as a significant investor in the fund alongside new and existing institutional LPs and strategic investors
After hits like Reddit and Scopely, Collaborative Fund easily raised a $125M fund to tackle climate, health and food
Greg Stofman, former principal and head of the investing team at B2B and crypto VC Struck Capital, has left the firm to raise his own $30M seed fund as a solo GP
Munich-based VC Vsquared Ventures closes €214 million for largest European early-stage deep tech fund to date
Foresite Capital, a SanFrancisco, CA-based multi-stage healthcare and life sciences investment firm, closed its sixth fund, at $900M
J.P. Morgan Life Sciences Private Capital Closes Inaugural Biotechnology Venture Capital Fund, at Over $500M
Hottest Deals 💥
Mistral closes €600m at €5.8bn valuation with new lead investor. Paris-based AI darling Mistral has closed a €468m equity funding round at a €5.8bn valuation, according to three sources with direct knowledge of the deal. The fundraise was led by new investor DST Global and existing backer General Catalyst, according to the sources
Cyberhaven, a San Jose, CA-based company which specializes in data detection and response (DDR), raised $88M in Series C funding. The round was led by Adams Street Partners, and Khosla Ventures
Newsmax Considers IPO With Private Placement of Up to $225 Million. The media network is planning an initial public offering of up to $75 million
Storyblok GmbH, a content management startup, has secured a whopping $80 million in Series C funding, spearheaded by Brighton Park Capital
Pluxee, a Paris, France-based company which specializes in employee benefits and engagement, acquired Cobee, a Spanish employee benefits digital-native player