Today's Venture Capital Pulse
Clip raises $500M to expand fintech platform
Mexican fintech Clip secured a $500 million funding round, lifting its valuation above $2.5 billion. The capital will fund the rollout of a consumer‑focused wallet and broaden its suite of financial‑services tools.
Also developing:
By the numbers: OpenAI raises $122B in private financing
Techstars Sydney Is the Latest Victim of the NSW Government’s Ongoing Startup Purge
Techstars Sydney accelerator is shutting down after its three‑year contract with the NSW government expired, ending the state’s funding for the program. Over three cohorts the accelerator invested more than $6 million in 36 startups, with 58% receiving their first external cheque. The program offered $120,000 for a 5% equity stake, attracted a record 560 applications in 2025, and emphasized gender and racial diversity among founders. Managing director Christie Jenkins and the small team will depart as the cohort for 2026 is cancelled.
Blackstone Backs Neysa in up to $1.2B Financing as India Pushes to Build Domestic AI Infrastructure
Neysa, an Indian AI‑infrastructure startup, secured up to $600 million of primary equity from Blackstone, giving the private‑equity firm a majority stake, and plans an additional $600 million in debt to expand its GPU fleet. The capital will help the company grow...
Global Fintech Investment Rebounds in 2025, Supported by Stronger Exit Activity
Global fintech investment rebounded in 2025, reaching $116 billion despite a record‑low 4,719 deals, indicating larger, more selective transactions. Venture capital contributed $56.7 billion while M&A added $55.4 billion, with the United States leading deal value. Digital‑assets funding nearly doubled to $19.1 billion, buoyed...
Deal Success Depends on Info, Not Just Quality
What no one talks about in VC: Getting a deal over the line at your firm requires WAY more than just sourcing a good deal. It requires: 1) Getting the correct information about the startup 2) Pitching that information in a compelling way Many...
ZeroDrift Announces $2M Round to Automate Compliance
ZeroDrift emerged from stealth with a $2 million pre‑seed round led by a16z speedrun, aiming to automate compliance for financial‑services communications. The AI‑native platform acts as a real‑time firewall that encodes SEC, FINRA and firm‑specific policies into machine‑readable rulepacks. By integrating...
CA VC Diversity Law Burdens Founders with Redundant Data Requests
I'm surprised I'm not seeing more public pushback on California's new "Fair Investment Practices by Venture Capital Companies Act." It applies to *any* VC firm that does business in CA (the bar is met if you've invested in a CA-based...
AI-Powered Accounting Firm Launches Real-Time, Audit-Ready Service
.@Balance1189951 is an AI accounting firm for SMBs delivering real-time, audit-ready bookkeeping and accounting - run by AI, signed off by real accountants. Their agents pull in your financial context and automate your entire back-office finance. Congrats on the launch @mathiaslovring, @EmilMunkD,...
How to Get Into A16z’s Super-Competitive Speedrun Startup Accelerator Program
Andreessen Horowitz’s Speedrun accelerator, launched in 2023, accepts fewer than 1% of applicants, admitting about 50‑70 startups per 12‑week San Francisco cohort. The program invests up to $1 million—$500,000 upfront for 10% equity and a conditional $500,000—offering extensive advisory, brand, and vendor‑credit...
Qatar Development Bank Expands Investment Program to QAR 1 Billion as Demand Surges
Qatar Development Bank announced an expansion of its Startup Qatar Investment Program to QAR 1 billion (≈$275 million) by 2030, an eight‑fold increase in capital allocation. The surge follows more than 6,000 startup applications in the past three years, reflecting strong regional...
Disrupting Incumbents Is Harder than Hype Suggests
There is an instinct among early stage investors to talk their book like all the big tech incumbents are about to be slayed by an army of $1m ARR startups. Founders, you are smart enough to know this isn’t...
In a Changed VC Landscape, This Exec Is Doubling Down on Overlooked Founders
Stacy Brown‑Philpot, former TaskRabbit CEO and Google veteran, launched Cherryrock Capital in 2025 to fill a gap for underinvested entrepreneurs by writing smaller Series A and B checks. The fund, backed by institutional LPs such as JPMorgan, Goldman Sachs, and Melinda...
AI Adoption Will Drive Multi‑Billion Dollar Subscription and Corporate Spend
AI market/TAM in midterm 1. Most employees will have a free LLM on their desktop; we are moving top team memebrs to two daisy chained Mac studios ($25k total) — easy investment 2. All major models will free for...
India Doubles Down on State-Backed Venture Capital, Approving $1.1B Fund
India has approved a $1.1 billion state‑backed venture capital fund aimed at deep‑tech and advanced manufacturing startups. The fund of funds will channel government capital through private VC firms, building on a 2016 program that invested over $2.8 billion in 1,370 startups....
ISL Replaces ETL: Intelligence Beats Raw Data Ingestion
Ingest Structure Learn (ISL) is the new ETL. It used to be the case that a company would try to license this kind of data as an “edge”. I’ve seen many companies in SV try to make this claim. That...
Bootstrapping Beats VC Hype for Lasting Wealth
Worst ways to build wealth - thinking a $100M valuation means you have $100M - raising money. period - adding features for 5 years instead of admitting your product sucks - telling yourself "we just need more time" at year 7 - calling yourself a...
The $800B Open Secret: What the New Medicaid Spending Dataset Means for Health Tech Builders and Investors
The episode breaks down the release of the largest publicly available Medicaid claims dataset, detailing its composition, gaps, and immediate utility for health‑tech builders and investors. It quantifies the scale of Medicaid spending (~$849 B) and improper payments (over $30 B annually),...
European FinTech Investments Dropped by 11% YoY Amid Market Uncertainties in 2025
European FinTech investment contracted 11% year‑over‑year in 2025, with total funding falling to $16.3 billion across 743 deals. Deal activity under $100 million shrank 26%, while large transactions above $100 million held steady, pushing the average deal size to $21.9 million. The market’s shift...
Pre‑PMF Funding Demands Clear Traction Over Resume
Big splashy pre-PMF rounds happen on big legible ideas and teams with social proof Don’t hate the player hate the game It doesn’t mean you can’t build a big co if you don’t have the right resume but it does mean you...
LPs Vet Stanford SPV Leader on Massive Anthropic Deal
OH in Palo Alto: LPs are REFCHECKING a Stanford SPV leader who is MOGGING Tier 1’s and FEEMAXXING at 3/30 on 9-figure DIRECT Anthropic allocations
Anthropic Raises $30B, Bringing Its Valuation to $380B
Anthropic announced a $30 billion Series G round, pushing its valuation to $380 billion, the second‑largest private tech financing after OpenAI. The round was led by Coatue and GIC, with participation from Nvidia, Microsoft, D.E. Shaw, Dragoneer, Founders Fund, ICONIQ and MGX. Anthropic reported a...
Unrealized Gains Tax Threatens New Investments Globally
Unrealized gains tax is a mega-drag on new investments. The same reason why the California Asset Seizure Tax by SEIU-UHW is going to destroy startups is happening in the Netherlands. https://t.co/jMgP3ieI2G
Burn Rate Equals Risk; VC Burn Rates at Historic Highs
Burn rate = risk. So of course, this is true. These are the highest burn rates in history of VC. Simple fact. https://t.co/IrsIBd0qDC
Artha Venture Moves To Oust Hornet CEO Over Alleged Governance Breaches
Artha Venture Fund exercised its shareholder rights to remove Hornet’s co‑founder and CEO, Souvik Haldar, citing serious governance breaches. The VC alleges Haldar diverted seed‑fund proceeds, took paid external work with a client, and copied the startup’s code and sensitive...
Curated Tech Stack Powers Modern Venture Firms
Optimal venture firm tech stack: -Fund Admin: @hanoverpark -Bank/Cards: @FlexSuperApp -CRM: @NotionHQ -Sales tax for port co’s: @numeral -Ski passes: @VailResorts -Travel: @NetJets / @FourSeasons -Everything else: @claudeai
Startups Win by Automating Every Internal Workflow
Today, startups aren't winning by hiring faster, but by automating as many internal functions as possible. In this episode of Main Function, @garrytan breaks down how tiny teams are beating companies 20x their size by building automations into every workflow, from...
Ever Raises $31M Series A for AI Auto Retail Platform
Ever announced a $31 million Series A round, bringing its total capital to roughly $100 million, as it emerges from stealth with an AI‑driven auto retail platform. The funding, led by Eclipse, targets the $1.2 trillion U.S. auto retail market, which remains fragmented and...
Key Signals Founders Need Before Raising Next Round
$40M raised. Series A ready. Episode 232 dives into the real signals founders should look for before raising more capital 👇 https://t.co/0CcjGEIVb9 #SaaS #AI https://t.co/S1vxKwuxiB
Fintech Beats AI in European VC Valuations
While AI dominates headlines with mega-rounds, fintech is quietly leading European VC valuations. Median pre-money for fintech reached €12.4m — 29% higher than AI, and well ahead of SaaS and life sciences. In a hype-driven cycle, investors are rewarding revenue, regulation-ready models...
UK Tech Funding Roundup: This Week’s Deals From Tem to Occam Industries
UK tech investment this week totaled £82.5 million across six rounds, an 81% drop from the prior week, partly due to last week’s £368 million ElevenLabs megadeal. The headline transaction was tem’s £55 million Series B, an energy‑brokerage platform matching buyers with suppliers. Seed‑stage...
SF's VC Boom Faces Tax Hike and Lab Bans
SF is the ONLY VC hub with positive company formation growth (+24%) while every other city declines—but an 800% gross receipts tax hike and lab bans threaten to destroy what makes the city special. https://t.co/gVxAtL7zDC
8-Step Checklist to Nail Any VC Interview
I just put together an 8-step VC interview prep checklist to help you nail any interview... Knowing where to start can be HARD. There are many resources online that will tell you different things. My simple checklist will help you get prepared...
Startup Bets on New Approach to Space-Based Missile Defense
California startup Wardstone has closed a $5 million seed round to develop space‑based kinetic interceptors. The company plans to test its first prototype on a suborbital sounding rocket in late April, employing a novel “buckshot” particle‑cloud approach to counter hypersonic missiles....
A16z Hiring Leaders to Shape Tech Narrative
This is the part of my job at @a16z that most gets me up in the morning: building an incredible team. We’re hiring for a lot of roles at the moment: Chief of Staff: help me run all our initiatives at...
Early-Stage Startups Don’t Need Costly Big‑4 Audits
Startups ($25M ARR? Get bids from multiple firms. You do NOT need a Big 4 audit. It does not me you are a legit company before the Big 4 did the audit. No one cares. 2nd tier firm is fine 3...
Centre Approves Startup India FoF 2.0 With An Outlay Of ₹10,000 Cr
The Indian government has approved the second phase of the Startup India Fund of Funds (FoF) 2.0, allocating an additional ₹10,000 crore to the scheme. Managed by SIDBI under DPIIT oversight, the FoF channels capital to SEBI‑registered alternative investment funds, which...
Spot the #1 Sign Management Lacks Business Command
What’s the #1 tell that a management team doesn’t actually have command of their business? I spoke with Paul Stansik , an operating partner at ParkerGale Capital , about the relationship between boards and their portfolio companies. Paul works on...
Mid‑Size SaaS Growth Re‑Accelerates, Rule‑40 Slips, NDR Returns
The latest Private Company SaaS Benchmarks are here. How did 2025 finish? TL;DR: 1) Growth is (somewhat) re-accelerating between $5M–$50M ARR 2) Rule of 40 is sad between $5M–$25M ARR 3) NDR is making a quiet comeback For the full...
Immunic's Private Placement; Vertex's Cystic Fibrosis Data in Young Kids
Immunic announced an oversubscribed private placement raising up to $400 million to fund its shift toward a commercial‑stage biotech. The capital injection will support late‑stage development programs and accelerate the search for a new chief executive officer. Meanwhile, Vertex Pharmaceuticals disclosed...
Decode the LP‑GP Language Gap: Survival vs Longevity
LPs & GPs are often having the same conversation, but not speaking the same language. In my convo w/ @chudson & @miafarnham, we talked about the LP/GP “language gap.” As Charles put it: “Once you learn to decode it, it’s actually quite...
AI Founders & VCs Lack Corporate Experience, Hiring Suffers
you got ai founders who have never worked at a company before getting funding from VCs who have never worked in a company before the new hires are dog shit big problem to be on the lookout for
Didero Raises $30M Series A for AI Procurement Platform
AI startup Didero announced a $30 million Series A round, co‑led by Chemistry and Headline with participation from Microsoft’s M12 venture fund. The financing will accelerate adoption of its AI‑driven procurement platform, which embeds autonomous agents into existing ERP and communication tools...
Investing in Teams to Tackle Food & Nutrition Crisis
Food and nutrition is one of humanities biggest problems right now IMO Would love to invest in more teams working on solving this
Ramp and Rippling Are Less Overlapping Than Assumed
Ramp and Rippling don't have as much overlap as people think. So says @rabois 👀 @eglyman @parkerconrad https://t.co/6Xh1bcpnjw
ScyAI Secures €2M and Launches AI Risk Platform for Real Assets
Zurich‑based ScyAI closed a €2 million pre‑seed round led by AENU and PT1, bringing together unicorn founders and angel investors. The startup launched an AI‑driven platform that merges operational data with external hazard models to create auditable, asset‑specific climate risk profiles....
Rabois Predicts Trump May Block China's Nvidia Chip Access
Here's @rabois saying he thinks the Trump administration may ultimately reverse course on letting China get access to Nvidia's best chips https://t.co/XImO09oRyf
Incentives Keep Frontier AI Labs Private, Excluding Public Investors
it's deeply unfortunate that incentives have aligned such that all these frontier AI labs and other tech companies are way better off staying private and the general public cannot invest in them despite desperately wishing they could.