The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public investment banks, foundations, and corporate venture funds represent over €90 billion of assets. The so-called “Trusted Investors Network” was launched on Monday to help finance “high-risk … Read more
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those … Read more
New Delhi: Reveal HealthTech on Thursday said it had raised $4 million in seed round from W Health Ventures, a healthcare-focused venture capital firm that invests in early-stage companies. Reveal HealthTech provides cross-functional technology services to healthcare companies with its engineering, clinical, and strategic support, and aims to partner with US-based healthcare organisations to maximize … Read more
New Delhi: Health tech startup HealthPlix Technologies on Wednesday said it has raised $22 million (around Rs 181 crore) in Series C funding led by Avataar Venture Partners, SIG Venture Capital and existing investors. The fresh capital will be used to ramp up product innovation, enhance the technology stack and scale user acquisition efforts. “At … Read more
The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion. SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, … Read more
The Standing Committee on Finance has recommended to the centre to abolish the tax on Long Term Capital Gains for all investments in startups which are made through collective investment vehicles such as angel funds, alternate investment funds (AIF), and investment LLPs. The committee in its report “Financing The Startup Ecosystem” said the tax should … Read more