Source Code Capital, the venture capital firm that’s backed some of China’s most prominent tech unicorns and boasts a network of high-profile investors and founders, announced Monday it has closed a new $570 million fund as it continues to hunt down early to mid-stage companies. The latest close catapults Source Code’s capital under management to […]

Octopus Ventures, the European venture capital firm that’s part of Octopus Group, is launching an £83 million growth fund to further invest in its most promising portfolio companies. The new fund, which is backed by a number of undisclosed institutional investors rather than individual investors, brings the total Octopus Ventures’ various funds has under management […]

Always be raisin’. That appears to be the motto of Southeast Asia’s ride-hailing companies Grab and Go-Jek. Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund as part of a huge, multi-billion Series H deal, Grab said today that it plans to raise $6.5 billion in capital this year alone to amp up […]

B Capital, the VC firm from Facebook co-founder Eduardo Saverin, has made the first close of its second fund. The firm has closed out $406 million in initial capital, according to a filing lodged with the FCC last month. The document doesn’t include details of a target raise or which LPs have committed. Saverin came […]

Women-focused co-working space The Wing has hired Rachel Racusen as vice president of communications. Racusen has been the director of communications at Snap, the developer of Snapchat, since late 2016. Racusen’s exit represents the latest in a series of departures at the “camera company.” Earlier this year, the company’s chief financial officer Tim Stone stepped […]

When Sinemia first came across our radar, the company was happily riding the wave of anti-MoviePass publicity. With its chief competition in the midst of what looked to be a historic collapse, Sinemia happily grabbed headlines as a what looked to be more stable alternative for movie ticket subscriptions. Last July, at the height of […]

Evan Spiegel has finally found a way to fight back against Mark Zuckerberg’s army of clones. For 2.5 years, Snapchat foolishly tried to take the high road versus Facebook, with Spiegel claiming “Our values are hard to copy”. That inaction allowed Zuckerberg to accrue over 1 billion daily Stories users across Instagram, WhatsApp, and Facebook […]

https://embed.simplecast.com/52b71da4?color=f5f5f5 Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. Here we put the words of our wildly popular venture capital podcast, Equity, into Extra Crunch members’ eyes instead of their ears. This week, TechCrunch’s Kate Clark and Crunchbase News’s Alex Wilhelm get rapid-fire […]