Browsing: Fund

Aug 13 (Reuters) – Robinhood’s second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been ‌out of reach for all but venture capital firms and wealthy ‌investors.

Robinhood Markets Inc (NASDAQ:HOOD) has raised $225.5 million for a new publicly traded fund that gives everyday investors exposure to private startups.

For decades, achieving a million-dollar portfolio was the ultimate gold standard of retirement planning. Today, while a seven-figure nest egg is a magnificent achievement, it requires a surprisingly delicate touch. A portfolio between $1.5 million and $3.5 million places retirees in a unique financial “middle ground”: They have too much money to qualify for low-income…

August 13 (Hypepotamus) – In their mid-20s, Floridians Justis Mendez (in featured photo) and Pablo Casilimas raised their first VC fund, a $5 million flagship fund that got LP (limited partner) backing from “notable UF alumni” like the Gatorade family and former CFO at Tableau

OpenAI Foundation, the overarching nonprofit that governs OpenAI, has announced a new public health partnership with the Common Health Coalition to bring artificial intelligence tools to developing scientific breakthroughs for medical research across the country. 

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Multifonds announced that National Bank of Canada, one of Canada’s six systemically important banks, selected them to modernize its fund accounting operations and support the continuous growth of its ETF business. As one of Canada’s six systemically important banks, National Bank holds a significant presence in the Canadian wealth management and institutional services market. Its…

(Bloomberg) — Swedish coding startup Lovable has raised funding at a $13.3 billion valuation, bringing in fresh capital to compete with larger rivals like Anthropic and Elon Musk’s SpaceX.

California, the cradle of the American AI industry, is taking cybersecurity into its own hands.

Forget the European summer lull: startups can’t afford to stay still, and Brussels is following suit. In the middle of peak vacation time, the European Commission announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.