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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

Photo by Scott Clark for Upfront Ventures (no, Evan is not standing on a box) Last year marked the 25th anniversary for Upfront Ventures and what a year it was. 2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. What do you do with a $650 million platform?

Startup 408
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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company developed an additive manufacturing platform designed to make it easier and faster to design and build new cars at a fraction of the cost — all while reducing the environmental impact that traditional factories have. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform.

Startup 251
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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter.

Marketing 246
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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

Overall, Klarna is live in 20 markets, has more than 90 million global active users and more than 2 million transactions a day conducted on its platform. billion in volume for the entire fiscal year of 2021 and Afterpay is projecting $16 billion in volume for its entire fiscal year. . Klara is now live with 24 of the top 100 U.S.

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Cosemi Connects With $8M

socalTECH

Cosemi's cables provide both fiber optic speeds as well as power and control signals over copper, and offers up its cables into the areas of 4K/8K displays, video collaboration platforms, machine vision, as well as the personal computer market. The company's President and CEO is Dr. Nguyen X. READ MORE>>.

Activity 113
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5 Equity Crowdfunding Reflections Before You Sign Up

Startup Professionals Musings

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. I would summarize the qualms and feedback from professional investors as the following: Crowdfunding platform costs trickle down to angel groups.

Equity 164
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Saltbox raises $10.6M to help booming e-commerce stores store their goods

TechCrunch LA

The company plans to end 2021 with eight locations, in particular eyeing the Denver, Seattle and Los Angeles markets. The company plans to use its new capital primarily to expand into new markets. It recently opened its second facility, a 66,000-square-foot location, in the Dallas-Fort Worth area that is currently about 40% occupied.

Commerce 237