III

“Discover Light’s Newest Minimalist Phone: Featuring an OLED Display, Free from Addictive Apps”

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Light, the maker of the minimalist phone with an e-paper screen, is announcing its newest model, the Light Phone III. Like its earlier counterpart, the Light Phone III offers a simple black-and-white display, without access to social media, the internet or email. Between the first two models, the Light Phone I and Light Phone II, the company has shipped over 100,000 devices, with the latter accounting for roughly two-thirds of those sales. The Light Phone III will target the larger demographic that are already using the non-smartphone as their main device. Image Credits: LightAll the upgrades make the new device more expensive: The Light Phone III is $799 compared with the $299 Light Phone II.

Playground Global Secures $410M for Early-Stage Deep Tech Investments in Fund III

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Playground Global, the storied early-stage venture capital firm, brought in $410 million in capital commitments for its Fund III to invest in early-stage deep tech and science companies. With Fund III, similar to its $500 million Fund II raised in 2017, capital deployments in Fund III will focus on seed and Series A companies with initial investments ranging from $1 million to $20 million. For Fund III, we broadened our LP base to include endowments, foundations, and single and multifamily offices. When we founded Playground, our team was purpose-built to help develop both consumer technologies and deep tech companies. We’ve been investing in deep tech companies since we founded Playground, with PsiQuantum being one of our very first investments.