![]() Scriptic, a London-based phone-focused show creator, raised $5.7 million in a second close of its seed round. Armilar, Hollard, Spain's Centre for the Development of Industrial Technology, Íope Ventures, K Fund, and Blackfin Tech invested in the round. ![]() Bdeo, a Madrid-based visual intelligence platform for the insurance and fleet industries, raised €7.5 million ($8.19 million) in funding. OpenView led the round and was joined by Matrix, Thrive Capital, and others. Parabola, a San Francisco-based workflow automation and documentation platform, raised $24 million Series B funding. Ingrasys, the Strategic Development Fund, Grove Ventures, Deep Insight, and UMC Capital invested in the round. Ramon.Space, a Los Altos, Calif.-based computing infrastructure platform for space, raised $26 million in funding. Venn Software, a New York-based remote work security provider for employees, raised $29 million in Series A Funding led by NewSpring. IA Sports Ventures, Eberg Capital, and Fuel Venture Capital co-led the round and were joined by Joey Levy, Anti Fund, FinSight Ventures, Florida Funders, and Aliya Capital Partners. Betr, a Miami-based sports betting and media company, raised $35 million in Series A2 funding. EQT Ventures led the round and was joined by Andreessen Horowitz, Dell Capital, and Intel Capital. Fly.io, a remote-based app delivery network company, raised $70 million in Series C funding. technology-and how it overlaps with crypto-in the coming months. You can read the whole story here, but I’d wager we’ll see more such statements and tweets from crypto VCs highlighting the promise of A.I. Some of Paradigm’s other portfolio company founders are shrugging off the event, while one Paradigm founder, Dee Goens, cofounder and COO of NFT creation platform Zora, doesn’t think “there’s a VC firm in the space that has a better overall purview of crypto than Paradigm.” As Palmedo, the COO, told us, “The new website language emphasizes the research-driven approach Paradigm has always had and doesn’t reflect a pivot away from crypto.” And Huang wrote in a tweet this month that “We haven’t dropped crypto…some of our research team has been tinkering with AI and AI x crypto.” He also elaborated in a lengthier tweet this week that the firm has “never been more dedicated to crypto.” Indeed, Paradigm is still penning research on crypto, although the firm has only announced a couple crypto deals in 2023. To be clear, Paradigm insists they’re not shifting the firm’s focus from crypto to A.I. “They’re just not focused on it, and it does feel a little like, ‘Hey, we invested in all this stuff, but actually we don’t care anymore,’ which is probably why they’re trying to say it’s a non-change.” “If a new founder asks me whether they should raise from, I would be like, maybe that’s not at the top of the list anymore,” they said. Meanwhile, a Paradigm portfolio company founder also told Fortune that, to their knowledge, the firm didn’t communicate changes to the site to its companies.Īnother founder of a Paradigm portfolio company, who requested anonymity to speak freely, said the decision felt “weird” to them. Notably, the fund also does not have a dedicated investor relations employee, with COO Palmedo handling the responsibility. Paradigm is “notoriously bad LP relationships, unfortunately,” they said. One LP, who spoke to Fortune on the condition of anonymity, said the public changes to its website-and any potential shift in investing focus-were not conveyed to them. We discovered that it wasn’t just Twitter users who were raising eyebrows over the changes. The report caught the attention of my colleague Leo Schwartz and me, and we decided to dig a bit deeper. The firm, started by Coinbase cofounder Fred Ehrsam and former Sequoia Capital partner Matt Huang, recently erased all mention of crypto or Web3 from its website homepage-branding previously touted front and center-as crypto news site The Block spotted in late May.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |