Industry Buzz
Here is what caught our attention over the past few weeks.
We are reading
- Venture capital becomes second private capital class to hit $2trn AUM
- Larry Fink: Next 1000 unicorns will be green energy companies
- Why VCs need to back more climate hardware
- Will the battle for space happen on the ground?
- Even in risk-off mood, Gulf’s high net worth investors can find value in alts
Portfolio News
Cornami (requires registration to view), a Silicon Valley based startup that is focused on the deployment of intelligent computing in real-time environments, has closed a $68M Series C round led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market. Read more here*.
GraphWear (requires registration to view), a startup that is developing a non-invasive continuous glucose monitor, has recently been recognized in Fast Company’s 2022 World Changing Ideas Awards in both the Health and Small Employee categories. Read more here.*
Bounce Imaging (requires registration to view), a startup that develops and commercializes 360-degree camera technology for first responders, has closed its $4.2M Series A in venture capital as it prepares for commercial-scale contracts in the defense and emergency services industries. Read more here.*
Motion Gestures (requires registration to view), a startup specializing in hand tracking and gesture recognition software, is featured in this article that talks about Motion Gestures’ approach to disrupt camera-based contactless interaction by using artificial intelligence.*
Links are provided solely as a convenience to readers and they do not imply an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by Hubble Investments or any of its affiliates of the contents on such third-party websites.
Propel(x) in Media
New Podcast Episode – with Swati Chaturvedi
Our co-founder and CEO, Swati Chaturvedi was a guest speaker on alts.co’s podcast recently. She speaks about the inspiration behind founding Propel(x), difference between ‘fiduciary responsibility’ and ‘regulation best interest’, the two levels of due diligence we have at Propel(x), inherent risk of investing in alternative assets and her thoughts on investing in a volatile market.
Listen on Spotify | Listen on YouTube
5 1/2 Questions for Swati Chaturvedi
CJ Cornell, an angel investor and a startups evangelist himself, interviewed Swati in a unique format. His questions are designed a little like a ‘Magic Eight Ball’: A set of questions posed randomly. Plus an additional half question.
What is a private placement under Regulation D or Regulation A of the Securities Act, and how does it work?
In the context of startup investing, a private placement means selling shares to specific investors under a private placement memorandum that is not available to the general public on the open market. It is important to note that private placements have fewer regulatory requirements compared to shares sold to the general public on a stock exchange such as the New York Stock Exchange.
Private placements are common for startups seeking to raise capital in the early stages of their funding cycles. Startups will target accredited investors, investment banks, financial institutions, or other business groups looking to get in on the ground floor.
