Friday, March 14, 2025

Venture firm 3one4 Capital returns entire first fund capital to sponsors

3one4 Capital fully returned its first fund’s capital, with unrealised returns set for 4x gains. The 2016 fund backed startups like Darwinbox and Licious. The firm has exited multiple investments and anticipates IPOs from key portfolio companies.

from Tech-Economic Times https://ift.tt/yej4TKU

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...