AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic.
Such companies as Barclays plc, National Westminster Bank (NatWest), Mastercard Incorporated (NYSE: MA), London Stock Exchange Group, and Peel Hunt have backed FinTech Growth Fund.
A noteworthy aspect of Sequoia Capital’s approach is the strategic shift towards supporting younger startups, diverting attention from larger companies.
Mizuho said that startups in Japan are looking for debt wherein they can get loans without diluting the ownership stakes in the company.
The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies.
ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space.
Matchday has secured an official license from FIFA as well as the FIFPRO players association. It’s working on a suite of Web3 games accessible to most users.
Besides the funding, the handpicked projects will receive cross-industry mentorship from other Beacon contributors.
Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023.
Budding firms selected for this sponsorship are invited to Mastercard’s fintech network, where they are offered growth-essential prospects to cooperate and gain mentorship.
The startup is now looking to capitalize on its technology, the strength, experience, and the commitment of its team to position its offering in a way that can bring benefits to as many stakeholders in the industry as possible.
The new fundraise will help Two Sigma Ventures invest across multiple industries including fintech, consumer tech, SaaS, crypto, DeFi, and much more.
As part of the partnership, all Web 3 projects running on the BNB Chain will get access to Google Cloud’s scalable, secure and open source infrastructure.
Founded in 2021, MetaWeb Ventures has alredy invested in more than 30 startups, including Niche, Connect3, as well as BlockSec. But the main focus of MetaWeb Ventures is on NEAR Protocol. In 2023, MetaWeb Ventures will run a Second Fund, or “Fund II.”
Hurun said 369 companies found their positions newly on the list, while 81 dropped off the register.