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Fintech Ramp's valuation hits $16 billion in deal led by Peter Thiel's Founders Fund

cnbc.com Eric Rosenbaum 2025-09-10 08:16:27

Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel's venture firm. The $200 million round is the fifth that Founders' has led for Ramp and raised its valuation by $3 billion. It last raised money at a $13 billion valuation in March. Founded in 2019, Ramp offers services that cover corporate cards, procurement, bookkeeping, travel booking, and vendor managemen

Topics: billion founders raised ramp valuation
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Sequoia-backed Crosby launches a new kind of AI-powered law firm

techcrunch.com Julie Bort 2025-09-11 08:00:00

The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth with a $5.8 million seed round led by Sequoia, is perhaps the most extreme example of what’s coming that we’ve seen to date. Crosby isn’t just making AI software for lawyers – although it is doing that. Crosby is an actual law firm using AI to provide legal services at a speed never before possible. Rather than selling tech to lawyers, Crosby has hired lawyers who use its

Topics: ai crosby founder founders legal
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The investor experience at TechCrunch All Stage: One floor, infinite deal flow

techcrunch.com Techcrunch Events 2025-09-13 16:02:00

TechCrunch All Stage isn’t a waiting room for warm intros — it’s a floor full of founders, ideas, and breakout potential. For VCs, it’s a rare chance to skip the filters and meet the future of tech in one place, on one day, with no layers between you and the next standout story. Whether you’re deploying early-stage capital, leading a Series B, or mentoring emerging fund managers, TechCrunch All Stage offers you more than access — it offers acceleration. And you can get both July 15 at Boston’s

Topics: boston day founders stage techcrunch
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How automotive exec Crystal Brown founded CircNova, an AI drug discovery biotech

techcrunch.com Julie Bort 2025-06-03 06:00:00

Tiny Michigan biotech startup CircNova has raised a $3.3 million seed round for its technology that uses AI to target “circular RNA.” The development holds promise as a new method to quickly develop therapies for conditions that currently have no drug treatments. The new funding is also a victory lap for co-founder and CEO Crystal Brown, who took an unconventional path to becoming a biotech founder. RNA, or ribonucleic acid, is a key molecule that helps convert genetic information into protein

Topics: brown founder like rna startup
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Pre-seed firm Afore Capital has a fresh $185M fund and a new program to help founders discover ideas

techcrunch.com Marina Temkin 2025-06-03 02:00:00

Afore Capital, a firm that claims to be the largest dedicated pre-seed investor, was founded on the idea that the first check into a new startup should be larger than what most accelerators and early-stage investors were offering. When Afore raised its third $150 million fund in 2022, the firm wrote checks ranging from $1 million to $2 million, which general partners Anamitra Banerji and Gaurav Jain argued helped companies grow faster. The firm’s strategy worked. Today, its 200-company portfoli

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