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The next wave of supply-chain innovation will be driven by startups that help incumbents win

TechCrunch

Steve Sloane is a partner at Menlo Ventures where he invests in inflection-stage companies. Derek Xiao is an investor at Menlo Ventures focused on soon-to-be breakout companies at the inflection stage. Image Credits: Menlo Ventures. Enablers take on the unglamorous role of helping incumbents stay relevant.

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The Future of Corporate Venture Capital

500

How has corporate venture capital changed? 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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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. It’s not disclosing valuation.

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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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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

The company’s mission to reduce home-based fossil fuel dependency has attracted additional support from Incite Ventures, MCJ Collective, Garage Capital, Climate Capital, and Spacecadet. However, most heat pump systems today are more difficult to use than their more mature fossil incumbents. For more information, visit www.quilt.com.

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

TechCrunch

CoreWeave , an NYC-based startup that began as an Ethereum mining venture, has secured a large tranche of funding as it continues to transition to a general-purpose cloud computing platform. Magnetar contributed $111 million, with the remainder of the investment being split between Nvidia, Friedman and Gross. billion and $26.28

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. Haris Khurshid, general partner at Chalo Ventures , launched a $50 million second fund focused on investing in Pakistani startups and a smaller percentage in Latin American startups.