The Hive, a venture fund and co-creation studio that builds and fosters startups focused on AI-powered applications, closed its third fund—The Hive III—with $26.5 million in capital commitments. Investors include Verizon Ventures, Software AG, GE, Rockwell Automation, March Capital Partners and individual investors. The Hive
Bitwise Asset Management completed $4 million in seed financing. Khosla Ventures, General Catalyst Partners, and Blockchain Capital participated. Bitwise Asset Management develops funds, indexes, insight, and services to help individuals, wealth managers, family offices, investment managers, and institutions in navigating cryptocurrency. According to the company,
Bitwise aims to provide the world’s first cryptocurrency index fund. Its first product, the Bitwise Hold10 Private Index Fund, is a market-cap-weighted basket of the top 10 cryptocurrencies by network value. The app is backed by AngelList founder Naval Ravikant. Bitwise was built by Hunter Horsley
IVP, a premier later-stage venture capital and growth equity firm, announced the closing of IVP XVI, a $1.5 billion fund. This is the largest fund in the firm’s 37-year history and brings its cumulative committed capital to $7 billion. With the new fund, IVP plans