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PruVen Capital, a fintech and insurance tech venture fund founded by former Benchmark and Citi ventures VC Ramneek Gupta, has closed a new $378.5 million Fund II to invest in financial services and enterprise-focused startups. This second fund is significant because Gupta expanded it beyond a corporate fund with one main LP – Prudential Financial…
India, despite being home to 20% of the world’s chip designers, lacks a significant presence in the global semiconductor market. However, in recent months, the Indian government has begun investing in an effort to establish the country in semiconductors, as companies worldwide have adopted a “China-plus-one” strategy, seeking alternatives to China. BigEndian Semiconductors aims to…
SparkLabs — an early-stage venture capital firm that has made a name for itself for backing OpenAI as well as a host of other AI startups such as Vectara, Allganize, Kneron, Anthropic, xAI, Glade (YC S23) and Lucidya AI — is gearing up to double down more startups in the space. The VC firm announced…
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries…
Florida Gov. Ron DeSantis’s (R) 2024 campaign is reorganizing amid its struggle to meet fundraising expectations — including shedding staff, a campaign spokesperson confirmed to the Hill on Saturday. The team let go fewer than 10 employees on Thursday, primarily from its event-planning team, as was first reported by Politico. The campaign spokesperson said the…
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“Supporters of Damar Hamlin donate more than $2 million to his toy fundraiser” A fundraiser launched by Bills safety Damar Hamlin two years ago began receiving a windfall of kind-hearted donations from supporters after the player collapsed on the field during a game against the Bengals Monday night. Hamlin’s community toy drive GoFundMe racked in…
“Russell Crowe comes to the rescue for his crow namesake” Birds of a feather flock together, as they say. Russell Crowe has saved the day for his plumed namesake: a crow named Russell. The 58-year-old Oscar winner reportedly forked over $600 for surgery to treat a quite fowl eye infection. The crow’s British owner raised…
“GoFundMe names the most generous states and cities of 2022” GoFundMe has released its annual donations report for 2022, listing many statistics including the most generous states and cities of the year. According to the crowdfunding platform, the most generous states per capita are: Vermont, Delaware, Maine, New Hampshire, West Virginia, Pennsylvania, Georgia, South Carolina, Montana…
“New Jersey man Mark D’Amico involved in homeless vet GoFundMe scam gets 5 years” A New Jersey man who helped fabricate an intricate story about a homeless veteran helping his down-and-out girlfriend in order to collect thousands in GoFundMe donations was sentenced to five years behind bars Friday. Mark D’Amico, of Florence, pleaded guilty in…