Peter Thiel's Founders Fund Raises $4.6B Amid Venture Capital Resurgence; Figma, Marshmallow, and More Make Waves
April 18, 2025
Chapter, a Medicare advisory startup co-founded by Vivek Ramaswamy, has also made headlines by raising $75 million at a valuation of $1.5 billion.
Conifer, which specializes in electric hub motors that do not rely on rare earth materials, has raised $20 million in seed funding from deep tech investors.
This week's startup landscape reflects a blend of optimism and challenges, highlighted by significant developments in IPOs, funding rounds, and overall market sentiment.
Meanwhile, British insurance startup Marshmallow has raised $90 million, achieving a valuation slightly above $2 billion while focusing on underserved customers.
In a demonstration of confidence amidst market volatility, design software company Figma has filed for an IPO.
In the realm of assistive technology, Phantom Neuro has raised $19 million to develop innovative devices enabling amputees to control prosthetic limbs.
Clean tech startup Arnergy has secured $15 million to enhance solar access in Nigeria, with backing from Bill Gates' Breakthrough Energy Ventures.
Peter Thiel's Founders Fund has successfully raised a substantial growth fund of $4.6 billion, signaling a notable shift from bearish to bullish market conditions in the venture capital landscape.
On a less positive note, BluSmart, an electric vehicle ride-hailing service in India, has suspended operations amid an investigation involving its co-founders by the Securities and Exchange Board of India.
In a strategic move to expand its capabilities, OpenAI is reportedly in discussions to acquire Windsurf for around $3 billion.
Ryan Breslow has returned as CEO of Bolt, unveiling a new 'super app' designed to compete with major fintech players like Coinbase and PayPal.
However, Rippling is facing complications in its lawsuit against Deel, primarily due to the CEO's recent relocation to Dubai, which has complicated legal proceedings.
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TechCrunch • Apr 18, 2025
Startups Weekly: Mixed messages from venture capital