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Frontline Ventures raises $200M to help B2B companies in Europe and US straddle the Atlantic

TechCrunchTechCrunch · 1y ago
Frontline Ventures raises $200M to help B2B companies in Europe and US straddle the Atlantic
Medial

Giant Ventures and Frontline Ventures have raised significant funds, signifying LPs' preference for transatlantic venture capital firms. Frontline Ventures raised $200 million across Frontline Growth and Frontline Seed funds. The firm aims to invest in B2B software companies, with the seed fund favoring European ventures and the growth fund focusing on US startups. Frontline believes that expanding operations across the Atlantic increases the success rate for US scaleups and aims to help startups navigate the expansion process. The firm emphasizes timing, go-to-market strategy, talent, and organizational design as important factors when expanding to a new market.

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Mumbai-based Cornerstone Ventures launches second fund worth $200M for B2B tech startups

IndianStartupNewsIndianStartupNews · 1y ago
Mumbai-based Cornerstone Ventures launches second fund worth $200M for B2B tech startups
Medial

Mumbai-based venture capital firm, Cornerstone Ventures, has launched its second investment fund with a target size of $200 million. The fund aims to support emerging B2B tech startups in various sectors, including financial services, retail, healthcare, and core technology innovations. The ticket size for investments will range from $5 million to $15 million. Cornerstone Ventures' previous fund has already invested in 21 portfolio companies focused on B2B enterprise software-as-a-service models, which have experienced significant growth. The new fund will prioritize investments in startups that enhance core business processes and have the potential for multiple revenue streams.

Novavente raises $3 Mn from Highbrow Securities

EntrackrEntrackr · 1y ago
Novavente raises $3 Mn from Highbrow Securities
Medial

Consulting firm Novavente has raised $3 million in an investment round led by Highbrow Securities. The funds will be used for expansion, enhance offerings and services while significantly boosting the workforce, Novavente said in a press release. Launched by Ronak Rajan in 2016, Novavente is a consulting firm that offers sales, marketing, managed services, technology sales, and B2B Sales. Specialising in global sales enablement and demand generation, it employs AI, machine learning, sales automation, and research-driven strategies to help clients expand in current markets and explore new geographies. Novavente says that it serves global companies, large enterprises, and startups across the US, Europe, UK, Middle East, and Asia Pacific. It has served clients including ONGC, LTIMindtree, Viacom18, Jio Cinema, Sodexo and Alibaba across sectors such as IT, Software, Cloud, Manufacturing, Automotive, and Media. According to the company, it has made investments in developing generative AI products and services. It also invested in Thought Minds Systems Private Limited, an innovative startup specialising in generative AI. ThoughtMinds has expanded to over 50 GenAI specialists and secured multiple major clients across the US, India, and the Middle East.

Equity management platform Qapita raises $26.5 Mn in Series B round

EntrackrEntrackr · 5h ago
Equity management platform Qapita raises $26.5 Mn in Series B round
Medial

Equity management platform Qapita raises $26.5 Mn in Series B round Singapore-based equity management platform Qapita has raised $26.5 million in its Series B funding round led by US-based Charles Schwab Corporation, with participation from existing investors Citi and MassMutual Ventures. Earlier in October 2021, Qapita raised $15 million from East Ventures (Growth Fund) and Vulcan Capital and others. It has raised nearly $50 million to date. The proceeds will be used to help Qapita expand into the US market and launch its fund administration product across multiple regions. Qapita also plans a strategic collaboration with Charles Schwab on Schwab Private Issuer Equity Services powered by Qapita. Founded by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO), and Vamsee Mohan (CTO), Qapita’s platform provides equity management solutions for private companies in India, Southeast Asia, and the US. It helps manage ownership records, employee stock plans, and investor reporting requirements. The platform also supports secondary transactions and liquidity programs, allowing participants to access value from their ownership. Qapita has offices in Singapore, India, Indonesia, and the US. Its goal is to digitize private market ownership and simplify management for companies and investors. The company has been supported by reputed global investors, including Cercano, East Ventures, MassMutual Ventures, Endiya Partners, Citi, Nyca Partners, and Analog Capital.

As employee confidence in AI's potential grows, so does their anxiety

Business InsiderBusiness Insider · 1y ago
As employee confidence in AI's potential grows, so does their anxiety
Medial

According to a report by Boston Consulting Group, workers' confidence in generative AI has increased by 16% over the past year. However, their anxiety about the technology has also increased by 5%. The survey found that frontline workers were the most worried about the impact of AI on their jobs. There is a knowledge gap between executives and employees, with fewer frontline workers reporting being trained on AI. Companies are trying to address this gap by offering upskilling programs to help employees incorporate AI into their work. The concern is that AI may create a divide between those who know how to use it and those who don't, potentially leading to job loss for the latter group.

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