Nigerian founders-turn-investors are now running syndicate funds


The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. Syndicate leads are often experienced angel investors or successful startup founders.

Financing Document Forms

A VC: Musings of a VC in NYC

Many founders want to do SAFE note financings for their early rounds to save time and money. My response to that is “let’s do a priced round, we can use a standard financing form we both like, we won’t use a lawyer on our side, and we can close in a week.” ” The key to being able to do that is the availability of standard financing forms. I am not suggesting the founder go without a lawyer.


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Embedded finance startup Banxware raises €4M seed


Embedded finance — the idea of offering financial products where customers are already congregating via white label solutions and APIs – isn’t an entirely new concept. Liberis, the embedded finance provider for SMEs, raises additional £70M in debt.

Six Reasons We Love Investing in Founders in Small Cities


Here’s the thing, though: We know that an uneven amount of dollars go to founders in major tech hubs—the Londons and San Franciscos of the world. And, three years into running our fund at GAN Ventures, with over 25 investments (almost exclusively in founders operating in cities like the ones I just mentioned), we’ve seen investment markups on a full third of our portfolio. Most founders in smaller cities are already leaders in their communities. (It’s

ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options


Based in Singapore, ErudiFi wants to help more students in Southeast Asia stay in school by giving them affordable financing options. Students also greatly benefit because our product is one of the few, if not the only, affordable financing option they have access to.”

Space manufacturing startup Varda, incubated at Founders Fund, emerges with $9 million in funding


From a young age, Will Bruey, the co-founder and chief executive of Varda Space Industries , was fascinated with space and running his own business. Like other Founders Fund companies, Palantir and Anduril, Varda takes its name from the novels of J.R.R.

A Dallas-based founder looks to tackle the student loan crisis with his startup, College Cash


The Dallas-area founder was inspired to tackle the student loan debt crisis after talking with his daughter about the prospect of eventually paying down her own loan debt. What followed was a career in finance that eventually led toward his recent entrepreneurial pursuits with College Cash.

How International Founders Can Raise US Financing

Startup Grind

When I was a Y Combinator partner, I noticed that more and more of the batches were companies started by international founders. International founders typically have some combination of these three reasons: a) Access to capital The number one answer is access to capital. One of the top complaints from international founders is, “There are no investors in my home country of X or my home market of X.” I often see founders come here because they want access to those investors.

Open Finance First, Open Data Second

A VC: Musings of a VC in NYC

My partner Nick put together a deck outlining USV’s approach to crypto investing earlier this year and we have been using it with founders and investors since then. We expect we will see continued innovation in the open finance (finance 2.0) One slide I particularly like from that deck is this one which describes how we think the crypto market will develop over time.

Getaround tops up $25M debt financing to its $140M Series E


Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. Dan Devorsetz , Horizon’s chief investment officer, told TechCrunch that venture debt has been a part of Getaround’s financing strategy for 2020. “It

Revenue-based financing: The next step for private equity and early-stage investment


Thomas Rush is founder of Bootstrapp and Head of Investment Platform at ConsenSys Mesh. Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry.

Capchase nabs $60M in credit to help founders avoid dilution


No one likes dilution, and that’s why every founder is looking for alternatives to traditional equity investing by venture capitalists. Finance Startups Capchase

Singapore-based open finance startup Finantier gets backing from Y Combinator


Finantier , a Singapore-based open finance startup, wants to streamline that data with a single API that gives financial services access to user data, with their consent. Open finance grew out of open banking, the same framework that Plaid and Tink are built on.

From food delivery to housing: Former Favor founders raise millions for Sunroom Rentals


Ben Doherty and Zachary Maurais, former founders of the delivery app Favor, launched Sunroom in May 2018 with the mission of “boosting the profitability” of mid-size property managers and apartment owners by giving them a way to outsource their leasing operations.

LeafLink raises $40M from Founders Fund, others to cultivate its cannabis wholesale market


LeafLink is today announcing it raised a $40 million Series C financing round, led by Founders Fund with participation from Thrive Capital, Nosara Capital and Lerer Hippeau. This round of financing brings the total amount raised by the company to more than $90 million.

Twinco Capital scores €3M for its supply chain finance solution


Twinco Capital , a Madrid and Amsterdam-based startup making it easier to access supply chain finance, has raised €3 million in funding. Founded in 2016 by Sandra Nolasco and Carmen Marin Romano, Twinco Capital offers a supply chain finance solution that includes purchase order funding.

What I wish I’d known about venture capital when I was a founder


Andy Areitio is a partner at the early-stage fund TheVentureCity , a new venture and acceleration model that helps diverse founders achieve global impact. Fundraising is distracting for founders and can even hurt their company in the early days. Andy Areitio. Contributor.

Financing with grants, not equity or debt


First, an example of grant-based financing . No dilution to shareholders or the founders. A company like this grows in value to its customers and to prospective buyers of the business, but without any dilution of control or ownership for the founders.

When should you go for equity financing?


Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. If you have a virtual company with your employees working from home locations, as many startups do, it should be the location of the founder.

How To Use ClubHouse. 15 Insights from Clubhouse Founder.

Smart Hustle Magazine

On a recent room I was in, hosted by the founders of Clubhouse, I gained a bit more insight. Here’s 15 insights about Clubhouse from Paul Davison, founder. Paul Davison and Rohan Seth, Clubhouse founders, want to grow fast and retentive. 15 Insights from Clubhouse Founder.

Our Customer Experience Promise to Founders

Founders Coop

Last week I spotted this annotated twitter thread from Fred Destin , which he kicked off with a simple question : As founders-turned-VCs, Aviel and I have always relied on the “golden rule” principle — treating founders the way we wish we had been treated when we were in their shoes — when deciding how to build our own firm here at Founders’ Co-op. Ideas that start out bad often get better over time as founders learn and adapt.

Startup fundraising is the most tangible gender gap. How can we overcome it?


Ximena Aleman is co-founder and chief business development officer at Prometeo , an open banking platform that serves Latin America. Year-in, year-out, the gender gap in venture capital investment continues to be a problem women founders face. Ximena Aleman. Contributor.

Starling Bank founder Anne Boden says new book ‘isn’t a memoir’


Penguin Business describes Starling Bank founder Anne Boden’s “Banking On It” as the “first-hand account of one woman’s quest to rebuild Britain’s broken banking system.” Europe Finance Startups TC Anne Boden challenger bank starling bank

Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more


Edtech needs to reach beyond underfunded public school systems to become more sustainable, which is why more investors and founders are focusing on lifelong learning. The 5 biggest mistakes I made as a first-time startup founder.

How fintech and serial founders drove African pre-seed investing to new heights in 2020


A recurring theme: Serial founders. Muforo points out that aside from startups building fintech infrastructure, the caliber of founders was another reason pre-seed funding peaked last year. Also, Etop Ikpe, the co-founder and CEO of Autochek Africa, was CEO of DealDey and Cars45.

New Study by MPOWER Financing Shows the Value of Investing in Immigrants

Dream It

An Impact-Investing Success Story: Goldman Sachs-Backed Fintech Fuels Double Bottom Line by Investing in International Students A new study by MPOWER Financing (Dreamit Spring 2016 alum) highlights the dramatic impact of no-cosigner loans for international and DACA (Deferred Action for Childhood Arrivals) students on campus diversity, gender equity, and financial inclusion. About MPOWER Financing MPOWER Financing, headquartered in Washington, D.C.,

Zolve raises $15 million for its cross-border neobank aimed at global citizens


That was the takeaway Raghunandan G , the founder of ride-hailing firm TaxiForSure ( sold to local giant Ola ), returned to India with after a trip. As part of the announcement, Raghunandan said two-month-old Zolve has raised $15 million in a seed financing round led by Accel and Lightspeed.

Author-entrepreneur says i2E offers ‘founder-friendly’ financing through state-funded program

Innovation 2 Enterprise

As a founder it is always important to have a sense of community. Founders can feel isolated and in an echo chamber. You know,” he said, “in addition to the market validation focus in VAP, you have a very founder-friendly loan vehicle that is really unique here in Oklahoma—something that this state has been doing for 20 years that is just now starting to happen in Silicon Valley.”. News Elliott Adams Scott Meacham TBFP Technology Business Finance Program The Startup Mixtape

NeuroFlow Closes $7.5M Series A Financing to Advance Behavioral Health Integration and Engagement

Dream It

million Series A financing round led by San Francisco-based Builders VC. Chris Molaro, Founder of NeuroFlow. What started as a response to a personal connection to the mental health crisis has become a mission driven business partnering with hundreds of providers to support the overall health of tens of thousands of individuals,” said NeuroFlow CEO and Co-Founder Chris Molaro. “We’re

health 150

Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort


These startups offer embedded finance solutions; Maelis Carraro , Catalyst Fund MD, explains the thought process behind this selection in a statement. First off, from Kenya, Koa enables users to save and invest, gaining control over their finances.

Revenue-Based Finance interview: February 23rd, 1pm ET

David Teten - VC

Keith Harrington of Novel Growth Partners and Founder, RBFNetwork , is hosting an interview with me February 23rd at 1pm ET.

Outfund, the revenue-based finance provider for online businesses, raises £37M


Outfund , the revenue-based finance startup that wants to help online businesses fund growth without giving away equity, has raised £37 million in a “late seed” investment. Uncapped picks up another $26M to offer revenue-based finance to European entrepreneurs.

Funding Demystified! Free Course Offers Founders a Guide to Raising Capital


Whether you’re an entrepreneur raising funds or an investor looking to take your venture finance skills to the next level, Brad Feld and Jason Mendelson have the answers for you. Techstars co-founder Brad Feld and Techstars mentor Jason Mendelson—both renowned venture capitalists, partners at the Foundry Group, and authors of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist —are again giving their FREE online course Venture Deals. How do venture deals really work?

United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups


Startup founders often have ambitions not just to make money, but to change the world. So, how do we help these founders accomplish these goals? ImpactAIM Indonesia’s goal is to bridge the world of impact financing with the world of tech startups in Indonesia. The post United Nations Development Program and 500 Startups Join Forces to Bridge the World of Impact Financing and Tech Startups appeared first on 500 Startups.

5 Financing Sources for New Businesses


Some banks and credit unions will finance startups, and some even offer SBA loans to new businesses, but generally when they do make those loans, they go to founders who already have extensive business experience, or experience in their specific field (such as a veterinarian opening a new practice). Here are five financing options for novice entrepreneurs to consider when looking for startup capital: Credit cards.

The Myth of the Young Startup Founder

Ian Hathaway

Economists Pierre Azoulay, Benjamin Jones, Daniel Kim, and Javier Miranda, analyzed administrative government data on the founders of all U.S. Below is the average founder age along these dimensions: All companies (with at least one employee): 42 years Fastest growing 0.1%

MSCHF’s Push Party raises an unconventional seed round at a $200 million valuation


Push Party’s round was financed by Founders Fund, with Principal Trae Stephens driving the deal. Apps Recent Funding Startups TC economy finance Founders Fund Private Equity Push Party valuation venture capital yo