Startup valuations — especially at the later stages — have come down drastically over the last year and a half of the ongoing market correction.
Companies that once boasted sky-high valuations like Klarna and Getir have seen their valuations slashed in their latest funding rounds.
Outside of Klarna and Getir, though, very few late-stage companies have raised new primary rounds since the booming 2021 market.
This is a noticeable haircut from the $25 billion valuation it garnered in 2021.
A recent survey of venture secondaries investors found that for those who focus on the industry, many think prices may still have room to drop.
Despite a challenging economic period in 2022, this year’s investment into the space tech sector has continued to show signs of recovery.
Space tech has showcased a remarkable resilience amid macroeconomic uncertainty, bucking trends in the broader venture capital tech market.
Approximately $4.8 billion was invested into the space tech industry by the end of Q3, with growth-stage investment activity increasing.
These DoD contracts will stimulate a cascading effect throughout the broader space tech market.
This surge is expected to be catalyzed by strategic initiatives from respective governments, underscoring a global expansion and diversification of venture capital interest and commitment in the space tech sector.
Why Gogoro picked India as its new go-to market The Taiwanese company aims to put billions of dollars into the world's biggest two-wheeler marketGogoro co-founder and CEO Horace Luke wants to “go big” in India even as the Taiwanese company faces challenges in its home country.
Gogoro is in talks with various local and global players to expand its business and presence in India, Luke stated without sharing any names.
Although Gogoro is optimistic about its India launch, the country has a relatively small market for EVs, accounting for only 3.7% of the country’s total automotive market.
As the company looks to collaborate with other vehicle manufacturers in India for its battery-swapping technology, it could be a mutually beneficial move for both Gogoro and automobile players.
By providing its technology to vehicle manufacturers, Gogoro can tap into this need and increase its battery-swapping service revenues.
Adobe and Figma ended their $20 billion acquisition dream this morning after regulators signaled it would continue to be rough going.
Figma still gets a $1 billion consolation prize as part of the deal, and as the leader in collaborative design, should land on its feet just fine.
Adobe put on a brave face in their public statement, but it has to be deeply disappointed with this outcome.
Figma, for its part, has not stood still since the deal was announced, proceeding and planning as the independent company it is.
If he is right, that’s precisely why Adobe wanted to buy the company because it saw that too.
Emerging fund managers have had a tough time these past few years, and there is no telling when it will get better.
Her firm just closed a $23.4 million Fund II after two years of fundraising.
Wilkinson has no plans to raise a third fund anytime soon but has some advice for those who are, given the looming uncertainty in the venture market.
After 300 conversations with institutional LPs, I had an aha moment in which I realized that I did not want to primarily work with institutions in the future.
Individual investors are very different from institutional investors in all the right ways, in my opinion.
Last week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery service, Jumia Food.
However, of all the streamlining efforts, its exit from the food delivery business across seven markets was the most unexpected.
This trend might persist with its exit from the food delivery business.
Jumia’s statement last week said that the company’s food delivery business wasn’t suitable to its market’s operating environment and macroeconomic conditions.
Also, how fast will the company grow the physical goods business to make up for this food delivery exit?
There are some minor redactions, but the bulk of this slide deck is intact.
In 2022, around 300 million liters of sustainable aviation fuel was produced, and that doubled this year to more than 600 million liters, per the International Air Transport Association (IATA).
Let yourself nerd out about the techWhen you’re building a deep tech company, the tallest pole in the tent is always going to be the tech itself.
Make it work, then make it work at small scale, then scale to production scale.
In the rest of this teardown, we’ll take a look at three things Metafuels could have improved or done differently, along with its full pitch deck!
What is happening with all these new venture funds?
A growing number of venture firms may be uncorking champagne ahead of the New Year.
Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund.
Steph Choo, a partner at the venture firm Portage, maintains that it’s still a “tough fundraising environment.” She thinks what we’re seeing is the result of continued interest in funds with strong track records and distributions to paid-in capital.
), which may drive renewed interest next year.”In the meantime, LPs may not be responding so much to what’s around the corner in 2024 but looking across the longer horizon, particularly given that venture funds typically invest across a 10-year period.
Firefox maker Mozilla announced today the launch of over 450 new extensions — aka browser add-ons — which are now available on Mozilla’s Firefox Browser Add-ons page.
While Firefox’s nightly builds later enabled more extensions, the publicly available Firefox for Android browser did not have access to these hundreds of extensions, meaning most of Firefox’s mainstream users were also without.
It then began to test and make hundreds more extensions available to Firefox for Android users, culminating in today’s news that there are now 450+ extensions available.
Safari, Samsung’s browser, Opera, and others are also ahead of Firefox in the mobile browser race.
With extensions, you’re free to change the way Firefox for Android looks and behaves.
Seed-stage startups — and their investors — react to higher hurdles for Series A funding Lightspeed Venture Partners is formalizing its scale-up efforts, as other outfits make similar movesThe hurdle for Series A funding is a lot higher than it was a year ago — and investors in seed-stage companies are having to respond.
When the market abruptly turned in the spring of 2022, late-stage companies were the first to feel the pain.
The European venture firm Breega touts its “scaling squad” to help support its many seed bets.
Pear VC, a Bay Area-based seed-stage venture firm, is constantly rolling out new programming aimed at supporting and educating the nascent teams that it backs.
VC heavyweight Lightspeed Venture Partners is also stepping up its game.
