Autonomous Air Cargo Startup Set to Revolutionize Logistics - sUAS News suasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from suasnews.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Chris Donovan/The Globe and Mail
Georgian Partners became Canada’s biggest venture capital firm by investing in companies selling digital automation and artificial-intelligence-driven products. Now it’s trying to become one of those companies itself.
The Toronto financier, which invests in many financial technology companies, or “fintech” enterprises, has dropped the word ‘Partners’ from its brand name and now publicly refers to itself as a fintech and a software company. It’s an unusual move in the private capital world and reflects the fact that Georgian, unlike its peers, builds its own AI and machine learning-driven software, which it gives to companies it backs – and future prospects – to hel
Georgian closes $1.02 billion USD alignment fund
Toronto venture capital firm Georgian Partners has closed its new Alignment Fund I, pulling in $1.02 billion USD.
As reported by BetaKit in February, SEC filings made just before the end of 2020 indicated the launch of the new fund. The $1.02 billion recently closed and was raised as a special purpose vehicle with a mandate to invest in existing Georgian portfolio companies, according to The Globe and Mail. Georgian confirmed the close of the fund to BetaKit, noting it took place in late March.
The report indicated Georgian plans to use the capital on four portfolio companies: Toronto-based EdTech startup Top Hat, United States-based customer data management company Tealium, New York’s WorkFusion and stock exchange IEX Group. A longtime Top Hat investor, Georgian committed $130 million USD of the Alignment Fund to TopHat in February.
Diagram Ventures latest Canadian firm to concentrate on existing portfolio with $60 million for new Opportunity Fund betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.
Announcing the Early Stage Pitch-Off judges
TechCrunch Early Stage is coming around the corner fast, April 1 and 2. You still have a chance to pitch your startup on the famous TC stage to an amazing lineup of judges. On April 2, TechCrunch will feature 10 top startups across the globe at the Early Stage Pitch-Off. Companies will garner the attention of press and investors worldwide. Founders apply here by March 9.
The pitch-off will consist of a five-minute presentation followed by a Q&A with our expert panel of judges. The top three companies will move to a final round, this time with a more in-depth Q&A. The winner will get a feature article on TechCrunch.com, one-year free subscription to Extra Crunch and a free Founder Pass to TechCrunch Disrupt this fall.