Tag Archives: Fund

Amazon’s Alexa Fund invests in on-demand parking service, ParkWhiz

ParkWhiz, a startup that’s something of an Open Table for available parking spots, is adding $ 5 million in new equity to its recently announced Series D round. The new funds come from strategic investors Amazon’s Alexa Fund, Alate Partners, Chaifetz Group and Purple Arch Ventures. Combined with the earlier round led by NewSpring Capital, the total raise was $ 25 million. ...

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Alumni Ventures Group is the most active venture fund you’ve never heard of

Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is </span>a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $ 200 million per year for and in tech startups. Tucked away in Boston, far from the limelight ...

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Amazon puts $10M in Closed Loop Fund to make recycling easier in more American cities

Amazon announced today that it has invested $ 10 million in Closed Loop Fund, which finances the creation of recycling infrastructure and services in U.S. cities. In a statement, the e-commerce behemoth claimed that its investment will keep one million tons of recyclable material out of landfills and “eliminate the equivalent of two million metric tons of CO2 by 2028, equivalent ...

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Benchmark is staying focused, targeting $425M for ninth fund

VC powerhouse Benchmark has filed to raise $ 425 million for its ninth flagship fund. While other firms close billion-dollar venture funds despite a history of smaller fundraises, Benchmark is sticking to its guns. The firm, known for its early bets on Twitter, Uber, Snap and WeWork, hasn’t fallen victim to the SoftBank effect. Longtime Benchmark general partners Bill Gurley and ...

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Amazon’s Alexa Fund invests in three voice startups

Founded in 2015, Amazon’s Alexa Fund is devoted to helping kickstart early-stage voice startups. This week, it’s announced support for a trio of new companies.  There’s Bamboo Learning, which was an early partner for Amazon’s Alexa Presentation Language (APL). The startup develops music educational skills, teaching users about notes, instruments, chords and tempo, along with other bits of music vocabulary. ...

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Jeff Bezos launches $2 billion fund to finance preschools and help homeless families

In a tweet this morning, Amazon founder (and the world’s richest man) Jeff Bezos announced that he and his wife were creating a $ 2 billion fund to finance a network of nonprofit preschools and donate funds to organizations helping homeless families. “The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle ...

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Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $ 100 million. The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore sovereign fund Temasek, Korea’s Hanwha, ...

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What about your workers? Amazon’s Bezos gets grief for $2bn fund to help homeless & children

Amazon CEO and world’s richest man Jeff Bezos has invoked Twitter wrath for seemingly an all-around commendable cause – setting up a charity fund to fight homelessness and create a preschool network for the underprivileged. The so-called Day One Fund will be multi-billionaire businessman’s most significant foray into philanthropy to date. The 2$ billion pledged by Bezos will be used ...

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Three former Social Capital partners are reportedly raising a $200M fund

Tribe Capital, the venture capital firm launched by Arjun Sethi, Jonathan Hsu and Ted Maidenberg, a trio of former Social Capital partners, is reportedly raising $ 200 million for its first flagship venture capital fund.  This story is developing. We’ve reached out to the firm for comment. Tribe was said to be focusing on cryptocurrency and blockchain startups, recently leading ...

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Amazon expands its Alexa Fund Fellowship to a total of 18 universities, up from 4 last year

Amazon announced this morning a further investment in voice technology with an expansion of its Alexa Fund Fellowship to 14 new universities, up from only 4 in 2017, the Fellowship’s first year. The program, which is designed to support conversational A.I. and speech science research, is now coming to 18 total universities, including new additions, MIT, Dartmouth and Cambridge. Under ...

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