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Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups

TechCrunch

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. billion in 2020, according to a Bloomberg Intelligence report , and is poised to grow to $74 billion by 2027. Immi takes in $3.8M to cook up plant-based instant ramen.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Public fintech stocks rose 97% in 2020. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Second, liquidity.

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Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

TechCrunch

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. Tiger Global, Dubai-based early-stage VC BECO Capital and Prosus Ventures co-led the Series A investment.

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Debt versus equity: When do non-traditional funding strategies make sense?

TechCrunch

There’s clearly a lot of venture money to be raised — and most tech entrepreneurs happily take it in exchange for equity. ” Despite the VC flurries of 2020 creating an ecosystem of seemingly endless equity, it’s important for entrepreneurs and founders to understand that there is no one-size-fits-all model for raising capital.

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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

There has been much talk as of late of a slowdown in venture funding. Ramp says its revenue grew “early 10x” in 2021 compared to 2020 while its cardholder base grew 7x and its user base grew 15x. Startups like these are keeping the incumbents (relatively speaking) on their toes.

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Restrictions on acquisitions would stifle the US startup ecosystem, not rein in big tech

TechCrunch

Jeff Farrah is the general counsel of the National Venture Capital Association. The knock-on effect of these reforms for young companies and their venture investors is unclear. Silicon Valley Bank’s 2020 Global Startup Outlook puts it this way: “[T]he fact is most entrepreneurs never expect to reach a public market exit.”