Andreessen Horowitz Raises $7.2 Billion for Various Venture Strategies
Andreessen Horowitz, a prominent venture capital firm, has raised $7.2 billion for various venture strategies, marking a pivotal moment. Founded in 2009, the firm recognized the market shift towards software companies and specialized in segments like Apps, Bio+Health, and Crypto. By offering dedicated venture funds, Andreessen Horowitz aims to provide tailored support to founders, empowering them for success. The firm’s growth and success are attributed to the support of their Limited Partners, solidifying their position as a leading player in the venture capital landscape.
NBA Player Kyle Kuzma Joins Venture Capital Fund Scrum Ventures as Advisor
Washington Wizards small forward Kyle Kuzma has joined venture capital fund Scrum Ventures as an advisor, marking his entry into the world of finance and technology. Kuzma will play a key role in identifying new investment opportunities within the sports and entertainment sectors, reflecting his proactive approach to diversifying his professional interests beyond basketball.
Nigerian fintech startup, Zone, secures $8.5 million seed funding for blockchain-powered payment infrastructure expansion
Nigerian fintech startup, Zone, secures $8.5 million seed funding to expand its blockchain-powered payment infrastructure. With backing from leading investors, including TLcom Capital and Flourish Ventures, Zone aims to revolutionize payment transactions in Africa and beyond, leveraging its position as the continent’s first regulated blockchain network for payments.
KTrust Emerges from Stealth with $5.3M Seed Round for Innovative Kubernetes Security Approach
NewsKTrust, a cyber company, has emerged from stealth with a Seed round of $5.3 million for its innovative approach to detecting exposures in Kubernetes. KTrust’s proactive Continuous Threat Exposure Management (CTEM) platform autonomously discovers attack paths, maneuvers around security measures, and provides in-depth visibility into a customer’s K8s ecosystem. With a focus on proactive K8s security, KTrust aims to meet critical market demand and empower DevSecOps globally.
Graphene-Based Nanofilm Membrane to Reduce Air Conditioning Load
Evercloak, a Canadian company, has developed a graphene-based nanofilm membrane that could drastically reduce the energy required for air conditioning systems. The ultra-thin membrane allows water molecules to pass through while keeping out other components of air and gas, resulting in significantly reduced energy demands for dehumidifying air. This breakthrough HVAC technology has received CAD$2m in seed funding and has the potential to cut the energy demands of air conditioning in half.
Reservoir Neuroscience Completes $4M Financing Round for Development of New Therapies
Reservoir Neuroscience has recently completed a $4M financing round to support its development of new therapies for neurodegenerative diseases. The initiative, led by Kizoo Technology Capital, aims to focus on brain health by developing a novel class of drug compounds…