Meet Fairmat, a new French startup that wants to improve the recycling process for sophisticated composite materials. The company wants to produce new kinds of materials from material waste and sell them to industrial companies. Fairmat just raised a $10 million funding round (€8.6 million) led by Singular. Various business angels also participated in the […]
Federated Genomic data startup Lifebit raises $60M round led by Tiger Global
Genomic data is considered to be the key to unlocking so-called “precision medicine”. Some estimates suggest that by 2025, 500 million human genomes will have been sequenced, but only a fraction of it is being utilized for drug discovery and precision medicine. One of the key startups to emerge in the space is Lifebit, which […]
5 questions for venture capital in Q3
With the third quarter coming to a close, The Exchange is prepping for a lengthy dive into global venture capital results. To kick that off, today we’re asking a series of questions.
Dance raises another $19.4 million for its e-bike subscription service
German startup Dance has raised $19.4 million in new funding (€16.5 million). The news comes just weeks after the company started rolling out its e-bike subscription service in Berlin. Eurazeo is leading today’s funding round. HV Capital and BlueYard are also investing, as well as Dave Morin and James Higa from Offline Ventures, Nicolas Berggruen, […]
Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners
For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as five seconds, using AI-based identity authentication technology and APIs that let companies continue verifying returning customers through SMS, WhatsApp or flash calls. Verihubs announced it […]
The enormous challenges and abundant opportunities in climate tech
The decarbonization of the planet will be the next major disruption of the century, according to SOSV managing general partner Sean O’Sullivan and Carmichael Roberts of Breakthrough Energy Ventures.
Will rising interest rates scupper the startup surge?
Investor and entrepreneur Anshu Sharma — formerly a partner at Storm Ventures, now CEO of privacy-focused SkyFlow — asked on Twitter today about the connection between interest rates and technology valuations: Ignore the compliments; Sharma was merely trying to bait Jeff and me into engaging with his question. Which worked, as you can tell. Sharma […]
Creative capital is the secret sauce, not venture capital
Around 90% of startups fail, and the reasons for failure are well known: undercapitalization, scaling challenges, lack of a competitive advantage or realistic IP. But what about the 10% that succeed?
YC-backed Malloc wants to take the sting out of mobile spyware
Mobile spyware is one of the most invasive and targeted kinds of unregulated surveillance, since it can be used to track where you go, who you see and what you talk about. And because of its stealthy nature, mobile spyware can be nearly impossible to detect. But now one Y Combinator-backed startup is building an […]
EdSights gets a $5 million Series A for student retention services
When sister duo Claudia and Carolina Recchi were first building EdSights, they used a big guiding question. “In a perfect world [where] we somehow had a magic wand that allowed us to collect the data on whatever we want on our fingers, what would we want to know to prevent [college] students from dropping out?,” […]