article thumbnail

Report: Strong Q1 2020 In Venture Capital, But Downturn Expected

socalTECH

The National Venture Capital Association (NVCA) says that Q1 2020 venture capital investments had a "strong showing" in Q1, however, it expects that the impending economic downturn due to the COVID-19 pandemic will slow activity through the rest of the year. According to the NVCA, and its PitchBook-NVCA Venture Monitor, there was $34.2

article thumbnail

London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why 2020 Is Pivotal for Microbiome Drug R&D (Or Maybe 2021, Given COVID-19)

Xconomy

Given the number of late-stage and mid-stage studies expected to report data in 2020—assuming they stay on track amid the COVID-19 pandemic—this could be a pivotal year for the field, said Isabelle de Cremoux, CEO and managing partner of Seventure Partners.

Class 138
article thumbnail

LA tech industry mourns Kobe Bryant

TechCrunch LA

Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant, and seven other passengers were on board a helicopter traveling to Bryant’s basketball training facility Mamba Academy. Last year, the investment firm expanded with a $1.7 — Scopely (@scopely) January 26, 2020. shortly before 10 a.m.

article thumbnail

Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

In all of 2020, it processed $53 billion in volume. To put that into context; Affirm’s financial report in May projected it would process $8.04 Meanwhile, in 2020, Klara hit over a billion in revenue. Now we have more cash and money available to invest further in the long term.”. In the first quarter, Klarna notched $18.1

article thumbnail

ZipRecruiter Files For Direct NYSE Listing

socalTECH

The company reported net income of 86.0M on revenues of 418.14M for the year ended December 31, 2020. A direct listing--unlike an IPO--does not use underwriters or investment bankers. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP.

.Net 100
article thumbnail

J2 Global Sees Revenues Rise In Q1

socalTECH

Los Angeles-based J2 Global , which operates a large number of Internet related businesses, reported its first quarter results on Monday. According to J2 Global, its Q1 2020 quarterly revenues increased 10.8% The company is now sitting on $625M in cash and investments. for its first quarter, to $332.4M.