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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. That’s a common thing.”

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The Future of Corporate Venture Capital

500

Conventional wisdom dictated that incumbents should focus their innovation efforts on R&D and growing their cash cows while investing in a few startups. But the rate of change has accelerated and with it, the balance of internal versus external investment.

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CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

TechCrunch

Magnetar contributed $111 million, with the remainder of the investment being split between Nvidia, Friedman and Gross. An Nvidia spokesperson said that the investment represents a “deepening” of its partnership with CoreWeave. Initially, CoreWeave was focused exclusively on cryptocurrency applications. billion and $26.28

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. A NetEase spokesperson declined to comment on the investment in IMVU.

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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

They imagine it to look something like this: They think that there are some deals that are automatic yeses and some that are just bad, but there’s a whole lot that are kind of in the middle—deals that can be nudged over to one side or the other based on things like clever fundraising strategy or the presence of bias. Is that a good strategy?

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LMS365, a learning management system built into Microsoft 365 and Teams, raises $20M

TechCrunch

Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS. “Typical customers are SMEs with 200 to 1,000 users,” Holst said. Germany, and Australia. Germany, and Australia. “We

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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There TC: Was it worth it for you to get a charter as a company? And if so, why?