Michael Bodley

2 months ago | pitchbook.com | Michael Bodley

Crypto investor Dan Tapiero’s 1RoundTable Partners is raising $500 million for “abundant yet underfunded” growth equity opportunities, according to marketing materials for the new fund obtained by PitchBook. This is a bold move amid a sluggish market for sizable digital assets deals. The new vehicle, 50T, gets its name from the firm’s belief the overall crypto market will hit $50 trillion within a decade, according to the deck.

2 months ago | pitchbook.com | Michael Bodley

Venture dollars and the number of investments into crypto startups closed out 2024 essentially flat compared to the prior year, according to new PitchBook data. While the price of Bitcoin smashed through $100,000 in the fourth quarter—an all-time high— it appears VCs didn’t get the memo. We’ve yet to see the usual flurry of checks that has historically accompanied a booming Bitcoin price, though there is often a bit of a lag in venture investments reflecting this.

2 months ago | pitchbook.com | Michael Bodley

K2 Global is looking to raise $200 million for a “red, white, and blue"-themed venture fund, according to a person familiar with the plans. The venture firm, which plans to invest exclusively in AI startups through this fund, is capitalizing on the growing support in politics and Silicon Valley for defense technology and other domestic resilience efforts.

2 months ago | pitchbook.com | Michael Bodley

A former Hollywood exec and a veteran startup banker are raising $10 million for a debut venture fund, according to a regulatory filing and marketing materials obtained by PitchBook. The duo is setting up Hallstone Ventures to focus on seed-stage AI startups in media as the industry continues to struggle with unsustainable business models. Media companies are also increasingly experimenting with AI as more tools crop up.

2 months ago | pitchbook.com | Michael Bodley

The median US venture deal with CVC participation was $13 million in 2024, more than three times that of the rest of the market, according to new PitchBook data. It’s also up from $9.5 million in 2023. While corporate venture capital’s increasing preference for backing later-stage companies is driving this trend, they’re also continuing to shy away from acquisitions. Last year, less than 4% of CVC-backed companies were acquired by an existing corporate backer, according to the report.