Aether Fuels has raised $30.4 million of a $34.3 million round, according to an SEC filing. The e-fuels startup is working on producing fuel for aviation and maritime […]
Internal SpaceX documents show the sweet stock deals offered to investors like a16z, Gigafund
Like many highly valued startups, SpaceX sometimes allows its employees to cash out some of their shares by selling to company-authorized outside investors. TechCrunch has gotten a peek […]
BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero
BlackRock, an investor in Byju’s, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing. The write-down in its estimations, disclosed […]
Novel battery manufacturer EnerVenue is raising $515M, per filing
EnerVenue, a startup that has developed an alternative to lithium-ion batteries for long-duration renewable energy storage, is raising $515 million in fresh equity, per an SEC filing seen […]
Peter Thiel-founded Valar Ventures raised a $300 million fund, half the size of its last one
The perception in Silicon Valley is that every investor would love to be in business with Peter Thiel. But the venture capital fundraising environment has become so difficult, […]
Contour Venture Partners, an early investor in Datadog and Movable Ink, lowers the target for its fifth fund
Longtime New York-based seed investor, Contour Venture Partners, is making progress on its latest flagship fund after lowering its target. The firm closed on $42 million, raised from […]
It’s Time To Stop Giving Xbox Boss Phil Spencer A Pass
On May 7, Xbox announced that it was closing four studios: Arkane Austin (Redfall), Tango Gameworks (Hi-Fi Rush), Alpha Dog Games (Mighty Doom), and support studio Roundhouse Games. The news is yet another example of Xbox—which has spent billions buying up studios—cutting costs, laying people off, and rearranging…
Freshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that […]
GTA 6 Publisher Cancels $140 Million In New Game Projects
Grand Theft Auto VI publisher Take-Two Interactive announced massive cuts in an SEC filing at the end of business today. The company revealed it will lay off 5 percent of its roughly 11,000-strong workforce and has cancelled several in-development projects valued at $140 million in an effort at “rationalizing its…
DCVC wanted to raise $500M for its first climate fund, but the market had other plans
DCVC’s target for its first climate-focused fund, DCVC Climate Select, has been all over the place and highlights the roller coaster venture fundraising conditions of the last few […]