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Blair Gable/Reuters Canopy Growth, a $ 10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $ 18.44 per share Thursday morning Canopy Rivers makes minority investments in burgeoning marijuana companies as part of its goal to become the ‘Google Ventures of cannabis.’ Watch Canopy Growth trade in real time […]
Microsoft has changed the name of its venture capital (VC) fund from Microsoft Ventures to M12, two years after its official launch. The Microsoft Ventures name actually predates the VC arm by a few years, and it was used as an overarching term for Microsoft’s accelerator programs, which did include some seed-funding initiatives. That part […]
Microsoft Ventures Microsoft Ventures, the venture capital arm of Microsoft, will be called “M12” moving forward. The “M” is for Microsoft, and the “12” comes from the dozen letters in the word “entrepreneur.” Otherwise, nothing is changing: M12 has invested in 50 startups in two years, with no plans to slow down. The reason for […]
Octopus Ventures announced that it has raised an additional $ 280 million, bringing its total assets up to $ 1.2 billion as it continues to pursue international expansion of its early stage investment strategy. Founded just over a decade ago, Octopus has backed 89 startups through 199 funding rounds. That includes 16 new companies over […]
Today, Sound Ventures held its PerfectPitch startup competition at SXSW in Austin, Texas. Five early-stage founders pitched in front of a star-studded jury panel, which included Sound Ventures founding partner Ashton Kutcher, actor Matthew McConaughey, and Salesforce chairman and CEO Marc Benioff. But the real star was Rebecca Liebman, the cofounde…Read More
EXCLUSIVE: Silicon Valley is home to an abundance of VC firms, all of them competing to get in on the next big deal. But VCs also exist (and succeed) outside of the Bay Area. While Washington, D.C. may not be an obvious location to establish a venture capital firm, Lavrock Ventures set its sights on the […]
Thomson Reuters Exxon Mobil Corp said on Wednesday it will exit joint ventures with Russia’s Rosneft , citing US and European Union sanctions first imposed in 2014. The move is an about-face for Exxon, which had opposed the sanctions over Russia’s invasion of Crimea and argued they unfairly penalized US companies trying to work with […]
Partech Ventures, an investment firm with hubs in Paris, San Francisco, and Berlin, has announced a new fund dedicated to African startups. The aptly named Partech Africa fund currently has commitments of €57 million ($ 70 million), though it’s targeting an eventual closure of €100 million ($ 122 million) with some major corporate investors already on board […]
Israeli venture capital (VC) firm Carmel Ventures is changing its name to Viola Ventures as the company announces a new $ 200 million fund. Founded in 2000, Carmel Viola Ventures focuses on early-stage tech investments, and the firm already had more than $ 800 million in assets under management (AUM) spread across four funds. It […]
Google Maps North Koreans have created various business enterprises on embassy grounds in foreign countries, at times annoying their host nation’s citizens, The New York Times reported. Neighbors in Sofia, Bulgaria, have complained to the police that at one of the embassy’s properties, late-night parties were held where fireworks were being lit from the building’s roof. […]
