FundingStartupsVenture

BoxGroup Secures $550 Million for Dual Venture Funds, Marking 16 Years of Collaborative Investing Strategy

Venture firm BoxGroup has reportedly closed $550 million across two new funds as it celebrates 16 years in operation. The firm’s distinctive approach focuses on collaborative early-stage investments rather than competing for board control, building a portfolio that includes Stripe, Plaid, and Airtable.

Veteran Venture Firm Expands Investment Capacity

BoxGroup, the venture capital firm founded by David Tisch, has reportedly raised $550 million across two new funds according to recent reports. This significant capital infusion comes as the firm marks its 16th year of operation, positioning it among the elite group of venture firms that have maintained consistent performance over extended timeframes.

FinanceInnovationStartups

OurCrowd Founder Transitions to Chairman Role as Platform Expands Global Private Market Access

OurCrowd founder Jon Medved is transitioning to Chairman after building the venture platform to 240,000 global members. The move comes as the company focuses on enhancing community engagement and expanding access to private markets for accredited investors worldwide.

Leadership Transition at Global Investment Platform

OurCrowd, a venture investment platform with over 240,000 registered members across 195 countries and $2.6 billion in commitments, is undergoing a significant leadership change, according to reports. Founder Jon Medved will transition from CEO to Chairman, a move that sources indicate will allow him to focus on expanding the platform’s community-building efforts and global strategy.

HealthcareInnovationPolicy

Venture Capital Leader Advocates for Insurance Coverage of Longevity Treatments

The CEO of venture firm General Catalyst is pushing for health insurance to cover longevity treatments, stating the current system prioritizes expensive hospital care over preventive health. Silicon Valley’s tech elite are increasingly investing in anti-aging research and personal health optimization. Insurance companies reportedly remain hesitant due to uncertain return on investment for longevity interventions.

VC Leader Calls for Insurance Reimbursement of Longevity Care

The CEO of global venture capital firm General Catalyst has advocated for health insurance to cover longevity treatments and preventive health measures, according to recent podcast comments. Hemant Taneja stated during an appearance on the “TPBN” podcast that the healthcare system needs to shift toward incentives that keep people healthy rather than focusing primarily on hospital care.

AIHealthcareStartups

Medical AI Platform OpenEvidence Secures $200M in Latest Funding Round Valued at $6 Billion

The medical AI sector continues to attract significant investment as OpenEvidence reportedly secures $200 million in new funding. The platform, which doctors compare to a medical version of ChatGPT, has seen rapid adoption since its 2022 launch according to industry reports.

Medical AI Platform Achieves Major Funding Milestone

OpenEvidence, an artificial intelligence platform that healthcare professionals have described as a specialized ChatGPT for medical applications, has reportedly secured $200 million in new funding at a $6 billion valuation, according to The New York Times. This substantial investment comes just three months after the company raised $210 million at a $3.5 billion valuation, indicating continued strong investor confidence in specialized AI applications for specific industries.

HealthcareStartups

CoMind Secures $60M Investment for Non-Invasive Brain Monitoring Technology

CoMind, a London-based healthtech startup, has reportedly secured $60 million in funding to advance its non-invasive brain monitoring technology. The company’s device uses low-powered infrared lasers to measure cerebral blood flow and pressure without skull penetration. Sources indicate this funding round brings CoMind’s total investment to over $102 million.

Major Funding for Brain Monitoring Innovation

London-based healthtech startup CoMind has reportedly secured $60 million in a recent funding round, according to financial reports. The investment was led by Plural, an early-stage venture firm with operations in London and Tallinn, with participation from several other prominent investors.

BusinessLegal

Former Builder.ai Finance Chief Faces US Grand Jury Subpoena Amid Financial Investigation

The former finance chief of AI startup Builder.ai has been subpoenaed to appear before a Manhattan grand jury. The company, once valued at over $1 billion, collapsed after internal reviews revealed potentially fraudulent sales and dramatically revised revenue figures.

Builder.ai’s Former Finance Chief Subpoenaed in US Investigation

Andres Elizondo, the former finance chief of collapsed artificial intelligence startup Builder.ai, has been subpoenaed to appear before a federal grand jury in Manhattan, according to reports from the Financial Times. Sources indicate the subpoena was issued last month as part of an investigation into the company’s financial practices.