Nik Storonsky's QuantumLight Closes $500 Million Second Venture Fund
Venture capital firm QuantumLight, co-founded by Revolut CEO Nik Storonsky, has successfully raised $500 million for its second fund, expanding its investment mandate.
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Bill Ackman's Pershing Square Plans Evergreen Fund to Offer Retail Access to Pre-IPO Tech Giants
Pershing Square Inc. is preparing to launch Pershing Square Ventures Ltd., an evergreen vehicle designed to give retail investors exposure to private technology companies before they go public.
Thrive Capital’s Joshua Kushner Warns VCs Against AI Euphoria in First Investor Letter
Joshua Kushner cautioned venture capitalists against letting enthusiasm around artificial intelligence override fundamental investment discipline in Thrive Capital's inaugural investor letter.
Venture Capital Flows into AI Semiconductors as Infrastructure Bottlenecks Mount
Venture capital investment in AI semiconductors is on track to surge nearly 50% this year as investors look to hardware for defensibility amid data center capacity bottlenecks.
Thrive Capital Discloses $215 Million Amazon Stake Following OpenAI Share Sale
Thrive Capital has acquired roughly $215 million in Amazon stock, according to a recent regulatory filing, coming shortly after the firm announced plans to sell part of its OpenAI stake.
Canva Backers Cut Valuation by $7.1 Billion Amid Rising AI Compute Expenses
Early investors in Canva have marked down the company's valuation by $7.1 billion to $34.9 billion following lower revenue growth expectations driven by high artificial intelligence inference costs.
UK University Spinout Backer Northern Gritstone Opens San Francisco Outpost to Tap US Capital
Northern Gritstone, an investment vehicle backing university spinouts in northern England, is establishing a San Francisco office to help its portfolio companies secure American venture capital and scale internationally.
Nutrafol Co-Founder Targets Fast Liquidity and Philanthropic Yields With New Family Office
Nutrafol co-founder Giorgos Tsetis has launched Great Things, a family office that pairs rapid venture investing with a mandatory 20 percent philanthropic donation rule on net realized gains.
SoftBank Reports Q1 Profit Exceeding Expectations, Driven by Intel Gain
A $8.2 billion gain on SoftBank's Intel stake pushed fiscal first-quarter net profit to 347.3 billion yen, far beyond analyst estimates, while OpenAI contributed no investment gain or loss.
Robinhood Plans $200M Public Fund for Y Combinator Startups
Robinhood Ventures Fund II is expected to list on the NYSE at $25 a share, giving retail investors exposure to early-stage private companies tied to Y Combinator.
Index Ventures Raises $2 Billion Across Seed, Venture and Growth Funds
The firm's available capital reaches $3.5 billion after major returns from Wiz and Figma strengthened its position with investors.
Situational Awareness Sells Most Public Holdings After Leveraged AI Losses
Citadel acquired the bulk of the portfolio, while Leopold Aschenbrenner's fund retained private investments including a reported $5 billion Anthropic stake.
Microsoft Records a $3.2 Billion Anthropic Gain and a Quarterly OpenAI Write-Down
The contrasting accounting results show the complexity of Microsoft's financial exposure to two competing AI laboratories.
