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Stronghold launches $100M venture arm to invest in underrepresented founders and fintech

TechCrunch

Payments infrastructure company Stronghold has launched a venture capital arm to deploy $100 million of its balance sheet capital in startups and funds in three core strategies — underrepresented founders, fintech, and web3, CEO Tammy Camp told TechCrunch in an interview. It has raised $3.3 billion, the company says.

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As fundraising gets harder, founders should ask investors for a flat round

TechCrunch

Matt Cohen, founder and managing partner of Ripple Ventures , was the founding investor of Turnstyle Solutions, which was acquired by Yelp in 2017. VCs and university endowments should partner to make venture more diverse. Share on Twitter. More posts by this contributor.

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Free Money for Student Tech Founders

David Teten VC

We have collected a wide range of freebies, contests, accelerators, online communities, and VCs designed for student tech founders. The Kauffman Foundation found 47% of US tech founders held degrees in STEM while 34% held degrees in business, finance, and accounting. 1) Freebies for Student Tech Founders. Right here.

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MAGIC Fund raises $30M to scale its global founders-backing-founders fund

TechCrunch

Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.” . MAGIC Fund has 12 founders who act as general partners.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

That player, Crowdz , recently secured $10 million in financing co-led by Citi and Dutch growth equity firm Global Cleantech Capital, with participation from Bold Capital Partners, TFX Ventures and Augment Ventures. Over time, Crowdz has financed $55 million in receivables by funding more than 20,000 invoices.

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Indonesia-focused Intudo Ventures closes $115M third fund

TechCrunch

Intudo Ventures , the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Called Intudo Ventures Fund III, it was raised in less than three months and oversubscribed. Portfolio companies from its first two funds include Pintu , TaniHub Group and Gredu.

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IROKO co-founder Bastian Gotter raises $3.2M seed for new venture, Bamba

TechCrunch

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. Gotter left the media company in 2017, an exit that afforded him the chance to take up angel investing full-time and pursue new projects. Nigeria’s Kippa gets $3.2M

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