This insurtech alleges its venture backer founded and funded a copycat: a founder’s “nightmare”

Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an insurtech company in Santa Monica, Calif. called … Read More

Rising African venture investment powers fintech, clean tech bets in 2020 – ITPro.works

As a turbulent week in the capital world, we’re taking a look at something a bit slower moving: venture capital trends in Africa during 2020. The Exchange has long explored … Read More

The biggest exit for this L.A. venture firm may wind up being . . . canned water – ITPro.works

Earlier this week, Science Inc, the 10-year-old, L.A.-based incubator and venture firm, rolled out a blank-check company onto the Nasdaq, raising $270 million for what firm founders Peter Pham and … Read More

Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last – ITPro.works

According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners … Read More

Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC – ITPro.works

Ajaib Group, an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A … Read More

The Amazon-Berkshire Hathaway-JPMorgan healthcare joint venture is officially ending – ITPro.works

A somewhat nebulous, but high-profile and potentially heavily moneyed joint venture is coming to an end: Haven, the JV created by Amazon, Berkshire Hathaway and JPMorgan Chase, is being “disbanded” … Read More

BadVR is using government grants to build a business that’s independent of venture capital – ITPro.works

When the Los Angeles-based extended reality data visualization company, BadVR, first heard that one of its earliest benefactors, Magic Leap, was about to shed 1,000 jobs and was fighting for … Read More

The venture firm SOSV has hired former ITPro.works COO Ned Desmond to help grow its startups – ITPro.works

Ned Desmond, a longtime publishing executive who spent more than half a dozen years at Time Inc. before becoming the chief operating officer of both ITPro.works and Engadget for more … Read More

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