Initialized Capital, the investment firm launched by Reddit co-founder Alexis Ohanian and ex-Y Combinator partner Garry Tan, has hauled in $230m for its fifth seed fund.
The amount collected by funds globally in the first half of 2020 was 19% greater than in the first half of 2019
Laxman Pai, Opalesque Asia: While Europe showed resilience in Q2 2020, there is growing concern that the venture capital (VC) market in Europe could see large impacts in Q3'20 given the widespread effect of COVID-19
UK proptech Hammock has secured £1m in a seed funding round backed by Fuel Ventures, Ascension Ventures, Founders Factory and several unnamed angel investors.
Home insurance platform Kin Insurance has closed its Series B round on $35m, led by Commerce Ventures.
Maturing biotech venture market in Europe drawing more venture capital
Finland-based venture capital investors Tesi and NordicNinja have participated in a $54m series-C round of funding for Finnish virtual reality hardware and software developer Varjo.
While buyout and exit volume dropped dramatically in the first half of 2020 in the UK and Ireland, venture investment volume has remained resilient and the technology sector has become an even larger focus for
Data science-focused venture capital firm Rocketship.vc has raised $100m for its second fund, more than twice the total raised for its debut vehicle.
Cross-border B2B payments company Vitesse has bagged £6.6m in a Series A round led by Octopus Ventures.
Egyptian digital payments company Paymob has secured $3.5m in its funding round, which was led by Global Ventures and Dutch Entrepreneurial Development Bank FMO.
Dublin-headquartered startup Antikytera E-Technologies has received an investment from a venture capital house to further expand its remote assistance software and artificial intelligence technology.
Germany-based venture capital investors EVentures, 468 Capital and HV Holtzbrinck Ventures have backed a €5m seed round for Klima, an app that allows users to make donations to mitigate their carbon footprint.
Danish recycled glass firm Shark Solutions has raised funding from Scotland-based venture capital firm Circularity Capital.
La Famiglia has announced its second B2B-focused venture capital fund, which is targeting €50m.
Family offices are sticking with venture capital despite the growing coronavirus crisis - but their expectations of returns threw up a surprising result, new research shows.
Industry giant Mittal, the Swarovski family and Skype co-founder Niklas Zennström are all among backers of a €50m fund raised by woman-led venture capital firm La Famiglia.
London-based PropTech Habito has bagged £35m in a Series C round led by Augmentum Fintech, SBI Group and mojo.capital.
