Tag: founders fund

Peter Thiel’s Valar Ventures targets $350M for new funds

Valar Ventures, one of the three venture funds co-founded by Peter Thiel, has filed paperwork with the U.S. Securities and Exchange Commission to raise $350 million across two new funds. The PayPal co-founder and billionaire investor in Facebook and SpaceX is also behind Founders Fund and Mithril Capital Management. Valar, a

Postmates lines up another $100M ahead of IPO

Postmates, one of the earlier entrants to the billion-dollar food delivery wars, has raised an additional $100 million in equity funding at a $1.85 billion valuation, as first reported by Recode and confirmed to TechCrunch by Postmates. The round comes four months after the eight-year-old startup drove home a $300

Synapse raises $6M to bring neural net weapon detection to x-ray machines

With all of the advances made by computer vision tech in the past few years, it might seem a little crazy that so much of the x-ray security equipment being used at sensitive locations is leaning so heavily on human workers to stop weapons from slipping through. Synapse Technology is creating

Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

A slew of venture capitalists known for high-profile exits — Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla Ventures, Alfred Lin of Sequoia Capital and Alex Taussig of Lightspeed Venture Partners — have invested in Faire (formerly known as Indigo Fair), a 2-year-old wholesale marketplace for artisanal products. A quick

Zizoo, a booking.com for boats, sails for new markets with $7.4M on board

Berlin-based Zizoo — a startup which self describes as booking.com for boats — has nabbed a €6.5 million (~$7.4M) Series A to help more millennials find holiday yachts to mess about taking selfies in. Zizoo says its Series A — which was led by Revo Capital, with participation from new investors including

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Tarform debuted new e-motorcycles but is there a U.S. market? Marieme Diop and Shikoh Gitau to speak at Startup Battlefield Africa Africa’s VC landscape

Men’s wellness startup HIMS has launched a line of women’s health products called HERS

Exactly one year to the day since it launched its line of men’s health products, HIMS is announcing its foray into women’s wellness. The company is using its mountain of venture capital to support the new brand, called HERS. In September, HIMS raised another $50 million in a round led by

The tactics behind The Athletic’s breakout success in sports subscriptions

Local newspapers may be shuttering and people may be consuming most news on social media, but don’t tell Alex Mather that a subscription news publication can’t grow like a unicorn startup. His 2-year-old sports publisher The Athletic has gained over 100,000 paid subscribers (60% under age 34) and has a 90%

Summersalt raises $6M for its direct-to-consumer line of eco-friendly swimsuits

Founders Fund has led the $6 million Series A for Summersalt, an early-stage e-commerce startup embracing the next-gen consumer’s penchant for inclusivity and affordability. Headquartered in St. Louis, the 1-year old company sells swimsuits designed in-house with eco-friendly fabrics directly to consumers. Like other D2C brands, Summersalt cuts out the

Synthego raises $110 million to make gene editing technologies more accessible

Paul Dabrowski, the chief executive officer of Synthego, which provides genetically engineered cells to scientists and researchers, worries about a future where access to the genetic technologies that will reshape the world are only available to the few who can afford them. To hear him tell it, that’s why Dabrowski