The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before … Read more
Kalepa, a New York-based insurance platform, has raised a $ 14 million Series A financing round led by Inspired Capital with the participation of former investor IA Ventures. Gokul Rajaram from Doordash, Coinbase and formerly from Google, Jackie Reses, formerly from Square, and Henry Ward from Carta also took part. The startup founded by Paul … Read more
Another day, another deal. Keeping up with the tide of acquisitions, IPOs, SPACs, and venture capital these days is no easy task. In fact, the IPO dollar volume for 2021 has already reached $ 171 billion, surpassing the record sums of last year. The same goes for mergers and acquisitions, with record levels of transaction … Read more
Today, June 10th, we recognize the efforts that this nation has yet to make to combat structural racism and disparities, including in the world of technology. This week HBCUvc, a non-profit organization dedicated to diversifying the world of venture capital, launched a multi-million dollar fund. Founder Hadiyah Mujhid told me that the capital would provide … Read more
A venture capitalist once told me frankly that when you see the phrase “democratization” in technical marketing material, consider it a red flag. Democracy in general is often associated with an ironic limitation: it benefits white and male participants disproportionately. Well, you know me well enough to know that I normally wouldn’t start your Saturday … Read more
Four months after a round of $ 30 million growth in Bibit, Sequoia Capital India has doubled its investment in the Indonesian robo-advisor app. Bibit announced today that it has led a new round of $ 65 million in growth, which included participation from Prosus Ventures, Tencent, Harvard Management Company, and returning investors AC Ventures … Read more
Founders Circle Capital, a nine-year-old San Francisco-based investment firm that has agreements with private venture capital companies to buy some of their founders and employees’ vested stock options – so they can buy a home or just breathe a little easier – has closed its newest fund with $ 355 million committed capital, bringing the … Read more
When Xuezhao Lan founded Basis Set Ventures, the goal was to use the technology to enable venture capital investments. From the earliest days when Lan hired former TechCrunch reporter John Mannes and then built the team with data scientist Rachel Wong, former Upfront Ventures partner Chang Xu, and former Vice President of Growth Sheila Vashee, … Read more
Black Innovation Alliance and Village Capital today announced Resource, a national initiative aimed at strengthening the efforts of Entrepreneur Support Organizations (ESOs) led and focused on color founders. The motivation behind the project is straightforward. ESOs “are facing record demand, resources are depleted and are chronically underestimated, underestimated and underfunded,” say the organizations. The resource … Read more
The Washington State Capitol building in Olympia. (Flickr photo via Tom Sparks) Technicians, business owners, public order attorneys and individuals have weighed in favor of and against a proposed capital gains tax in Washington state this week. A remote hearing by the House Finance Committee was attended by 3,900 people, 2,380 of whom supported SB … Read more