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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. Since 2021, Upfront returned more than $600 million to LPs and returned more than $1 billion since 2018.

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Boston startups expand region’s venture capital footprint

TechCrunch

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. billion in venture capital during the third quarter.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

What happened was that the company ended up with two strong years of revenue growth — 50% in 2020 and 70% estimation for 2021 — basically close to triple the amount of growth over the two-year period, he said. “It The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.

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These 5 VCs have high hopes for cannabis in 2021

TechCrunch

We expect capital flows to pick up massively from pent-up demand, good public markets bringing more IPOs, lots of M&A and new innovative startups coming on scene. Anthony Coniglio, CEO, NewLake Capital. Matt Shalhoub, managing partner, Green Acre Capital. What advice are you giving your portfolio companies entering 2021?

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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Africa-focused venture capital firms Unicorn Growth Capital and Launch Africa led the investment in Bitmama. Subsequently, they built a crypto exchange platform and allowed these users to access virtual assets formally and explore other use cases, including buying, selling and swapping crypto and peer-to-peer transactions.

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Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

TechCrunch

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 billion won) Series C round led by Bain Capital with participation from Goldman Sachs. The number of marketplace lenders in Korea has fallen from 237 to 102, between August 2020 and May 2021, as per its annual report in 2020.

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Q&A: How Verizon Small Business Digital Ready Can Help You

StartupNation

In 2021, we extended a grant to Grand Valley State University’s Veterans Entrepreneurship Lab. In 2021, we also established a partnership between Verizon’s Pro Bono Program and the Metro Detroit Black Business Alliance ’s Capital Connect Program. Brianna Ellison. Verizon has actively partnered with Michigan small businesses.