Climate investor Bay Bridge Ventures is raising a new $200 million fund, TechCrunch has exclusively learned.
Bay Bridge filed paperwork Monday for the new climate fund with the U.S. Securities and Exchange Commission.
And Congruent Ventures raised a $275 million fund in 2023, turning down $325 million in additional LP interest.
Bay Bridge Ventures is new, having been founded in 2022 with a focus on ESG more broadly and sustainability in particular.
Still, that doesn’t mean Bay Bridge lacks experience.
It’s a story as old as time: Startup founder raises giant sack of that sweet, sweet VC money.
If you throw enough money at advertising, anyone can get the growth chart to go up and to the right.
But the thing is, you need to find the right way to do growth, and that’s a lot harder.
In his new book, “Growth Levers and How to Find Them,” he makes a case for finding the right way to sell your product.
And that actually worked.
If you’re someone who loves an internet hype cycle, good news: There’s a new group of scientists who claim to have discovered a near-room-temperature superconductor.
(It should be noted that most of these people do not appear to be scientists let alone condensed-matter physicists.)
The one that grabbed the most headlines — LK-99 — dominated the internet for a few weeks over the summer before succumbing to the scientific method.
Another one, detailed in a paper co-authored by Ranga Dias and others, made a splash in March only to be subject to a retraction in September.
This new material picks up where LK-99 left off, which isn’t really an auspicious starting point.
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report.
The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021.
Managing Partners Charley Ma and Mahdi Raza co-founded Exponent after meeting while Ma was leading fintech growth at Plaid, and Raza was leading growth and payments at Robinhood.
Exponent, which focuses on enterprise SaaS, fintech, infrastructure and GTM (go to market) software companies, invested in about 40 startups out of its first fund.
He worked in growth and payments at Robinhood before joining Stytch to lead early growth there.
French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe.
After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer.
And feedback has been so great that Pivot is raising another $21.6 million (€20 million) in a new Series A round from its existing investors — and in particular Visionaries, Emblem, Anamcara and Oliver Samwer.
I already wrote a lengthy description of Pivot, so I also encourage you to read my previous article on the startup.
But in short, Pivot is a modern spend management solution that supposedly works better than Oracle NetSuite’s procurement component or Coupa.
