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Twilio's rocket debut won't spark more tech IPOsOne great IPO debut from the unicorn Twilio won't help save a bad year for offerings from VC-backed companies
Recap: Summary of recent fund news from around the worldSummary of fund closures and other venture firm news from the last three from around the world, including Romulus Capital, Draper Esprit, Lightspeed China and many many more
- 500 Startups announces $25 mln fund to back black, Latino entrepreneurs
500 Startups announced it is raising a $25 million fund to invest in startups headed by black and Latino entrepreneurs. The firm said the new fund is expected to invest in about 100 companies. As is its custom when announcing a new microfund, 500 Startups said the new vehicle will be led by founding partner Dave McClure. Also leading the new fund is Monique Woodard, a venture partner at 500 Startups and co-founder of Black Founders, a national organization that aims to increase the number of black entrepreneurs in tech.
- 500 Startups announces $25 mln fund to back black, Latino entrepreneurs
500 Startups announced it is raising a $25 million fund to invest in startups headed by black and Latino entrepreneurs. The firm said the new fund is expected to invest in about 100 companies. As is its custom when announcing a new microfund, 500 Startups said the new vehicle will be led by founding partner Dave McClure. Also leading the new fund is Monique Woodard, a venture partner at 500 Startups and co-founder of Black Founders, a national organization that aims to increase the number of black entrepreneurs in tech.
On the Bleeding Edge: VC community loses a true trailblazerMorgenthaler's legacy as a trailblazer; Aileen Lee at PreMoney; and Underscore without the leading punctuation
Beyond the lean startup: Mike Maples on what comes nextFloodgate's Maples says startups should turn their attention to design and category creation
- Piper pulls in $2.1 mln
San Francisco-based Piper, which provides DIY computer kits for kids, has secured $2.1 million in seed funding. The investors included Princeton University, Reach Capital, 500 Startups and FoundersXFund.
- Piper pulls in $2.1 mln
San Francisco-based Piper, which provides DIY computer kits for kids, has secured $2.1 million in seed funding. The investors included Princeton University, Reach Capital, 500 Startups and FoundersXFund.
HR software provider Qimple bags $1.1 mln in NBIF-led roundHuman resources software provider Qimple has secured $1.1 million in seed-stage financing. New Brunswick Innovation Foundation led the round, with participation from Green Century Investment, a Canadian private equity and venture capital firm. Based in Moncton, New Brunswick, Qimple provides an online hiring platform to improve the way employers and job-seekers interact. It plans to use the proceeds of the seed round to hire more team members and pursue growth. Founded in 2014 by CEO Yves Boudreau and CTO Benoit Bourque, Qimple was previously funded by 500 Startups and BDC Capital.