AI-powered manufacturing, navigating through the VC job titles, Sam Backman's prison sentencing, and many more...
What's Up Tech? #176
Welcome to our 176th newsletter. It was written with 🖤 by Martim Perestrelo, Ghita Benjelloun Benkacem, Justine Pelisson and our dear partner Sharpstone.
Fundraisings from last week with FundGard, Global Screening Services, Robovision and Orano
News from last week with Novo Nordisk’s acquisition of Cardior Pharmaceuticals and Sam Backman-Fried’s sentencing
Our content of the month by Sharpstone on navigating through the various job titles
Internships & Job offers of the week
Enjoy the read! 🌞
💻 FundGuard raised $100M to revolutionize investment operations (🇮🇱)
Israeli startup FundGuard, a cloud-native, AI-powered, multi-asset class investment accounting platform, just closed a $100 million Series C financing round to continue its investment in product innovation and onboarding of existing and new customers. 🤗
Founded in 2018, FundGuard is transforming investment operations by leveraging cloud-native technology and AI capabilities to modernize and streamline investment accounting operations and workflows. 🤙
💼 Global Screening Services raised $47M to strengthen financial compliance (🇬🇧)
London regtech Global Screening Services (GSS), a regulatory compliance platform that helps financial institutions meet their global sanctions obligations, raised $47M to help banks screen global sanctions. 🌐
Banks need to control the flow of money around the globe and identify who is sending money to whom. Several banks have been charged hefty fines for poor or insufficient money-laundering controls in place. GSS sells a sanctions-screening platform to help banks and other financial institutions comply with these regulations. 🧐
London Regtech GSS Raises $47M to Help Banks Screen for Global Sanctions
🤖 Robovision secured $42M to fuel AI-driven industrial automation revolution (🇧🇪)
Belgium-based Robovision, renowned for its AI-powered computer vision platform, raises $42 million in its latest funding round. Robovision provides an AI-powered computer vision platform that offers an end-to-end, no-code solution for machinery manufacturers and production lines. 🏭
The investment will propel global expansion, R&D, and U.S. market penetration, heralding a new era in industrial automation. 💡
Robovision Raises $42M to Accelerate AI-Powered Industrial Automation
☢️ Nuclear energy giant committed €50M to its new corporate venture capital arm (🇫🇷)
Orano, a French nuclear energy giant, is committing €50m to its new CVC arm, to back early-stage industrial startups. 💰
The CVC will back about 20 pre-seed to Series A companies in France and Europe, with tickets ranging from €100k-€3m. The fund will be deployed over five years, with a third of the capital kept for follow-ons. 🥳
Nuclear Energy Giant Orano to back European Industrial Startups with new €50m CVC
💊 Novo Nordisk expands cardio business with $1.1 billion deal
Novo Nordisk, a global healthcare company headquartered in Denmark specialized in diabetes care, is expanding into cardiovascular treatments through the acquisition of Cardior Pharmaceuticals. The deal includes CDR132L, a promising compound for heart failure, showcasing Novo's commitment to diverse health solutions. 🩺
Novo Nordisk Strikes Deal Worth up to $1.1 bln to Expand Cardio Business
🔒 Crypto mogul sentenced: Sam Bankman-Fried faces 25 years behind bars
Sam Bankman-Fried, once a crypto tycoon, now faces a 25-year sentence for perpetrating a massive fraud that shook the cryptocurrency world. Despite his fall from grace, he showed little remorse, and his future prospects appear bleak. 🚨
Fallen Crypto Mogul Sam Bankman-Fried Sentenced to 25 years in Prison
Our content of the month is brought to you by our partner Sharpstone. Massive thanks to Clément Dunyach for having written the piece below as well as to Marie Aristide and Charlotte Adam-Allais ! ✍️
🔍 7 job titles within a VC
Navigating through the various job titles, whether it's to successfully raise funds or to apply for an internship at a VC, can be challenging. Here's a concise overview of key roles within VCs in France to better understand this complex ecosystem:
The General Partner is typically the founder of the fund. They make investment decisions and maintain relationships with Limited Partners. 😎
The Managing Partner works closely with the General Partner and also contributes to overseeing the fund's daily activities. They play a crucial role in deal sourcing and manage Due Diligence, as well as negotiating the Term Sheet with entrepreneurs. 🤓
VC analysts are responsible for sourcing potential investment opportunities, conducting market studies, and financial analyses. They work with more senior colleagues in evaluating startups and drafting investment memos necessary for the final decision.✍️
Investment Managers take on significant responsibility in sourcing opportunities, Due Diligence, and portfolio management. They lead the evaluation process and term sheet negotiation.👨💻
The Operating Partner is an expert in a specific domain and collaborates with portfolio startups to provide strategic advice and operational support. 🔍
The Finance and Administration team manages the fund's financial operations, including budgeting, accounting, and compliance.💰
The Legal Counsel provides legal advice on regulatory matters related to investment, contracts, and legal compliance. ⚖️
Interested in reading the full article (in 🇫🇷)? Find it right here!
Internships
VC Analyst - FDJ Ventures (Paris)
VC Analyst - ZEISS Ventures (Munich)
Jobs
Venture Capital Associate - Newion (Amsterdam)
Investment Analyst Capital Associate - Channel 4 Ventures (London)
Venture Capital Associate - Advanced Blockchain AG (Zug)
👉 If you’d like to discover more offers, you can check our job board just here or fill this form to submit a new one.
You can also read more about baby vc on our website and follow our updates on LinkedIn, or directly reach out to us at hello@baby-vc.co! 🤝
Have a wonderful week and see you next Tuesday!
The whole baby vc crew 🖤