• The venture frenzy is forcing VCs to close deals in 4 to 14 days. Harlem Capital's Gabby Cazeau explains how she wins

    6 days ago - By Business Insider

    Summary List Placement As early-stage fundraising has gotten hotter, VCs have been closing on deals faster - and things are no different at Harlem Capital, which recently announced a new fund backed by investors such as Apple.
    The diversity-focused venture fund has cut down its average deal time from 21 days to 14 days over the past year, Harlem Capital principal Gabby Cazeau told Insider. But that doesn't mean the firm has scrimped on vetting the startups it backs, she added.
    Due diligence recently became a hot topic among investors after Spark Capital severed ties with camera-app maker...
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  • Rapid raises $12M for its manufacturing robotics

    Rapid raises $12M for its manufacturing robotics

    6 days ago - By Tech Crunch

    Bay Area-based Rapid Robotics today announced a $12 million Series A. The new round, led by NEA, brings the company's total funding up to $17.5 million. It joins a recently closed seed round, announced way back in November of last year. Existing investors Greycroft, Bee Partners and 468 Capital also took part in the round.
    We noted at that stage that COVID-19 had a sizable impact on robotics investment. At the very least, the pandemic has served to accelerate interest in automation, as many “non-essential” workers have been unable to travel to their jobs. At present, manufacturing jobs...
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  • New Jersey announces $10M seed fund aimed at Black and Latinx founders

    6 days ago - By Tech Crunch

    Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, TechCrunch has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development Authority .
    NJEDA CEO Tim Sullivan said based on research conducted by the state, that New Jersey is the first state in the nation to develop this type of fund.
    He said the move is a “direct response to the systemic racial inequities in access to capital for Black and Brown entrepreneurs” and...
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