Drypowder Capital To The Moon

A Mother's Day Launch

Author

Drypowder Capital
May 14, 2023

Welcome to the first edition of Drypowder Capital’s weekly newsletter. Each week, we provide insights on the state of venture capital, bring you the biggest stories from around the world, and share helpful resources you can put to use. Enjoy!

Capital raised this week

Startups

Amino Health Lands $80M

SAN FRANCISCO, CA, Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively.

vcnewsdaily.com/amino-health/venture-capital-funding/zqgdpbqrcg

Exclusive: Crypto media firm Blockworks raises $12M at $135M valuation

It represents a bright spot for crypto media following a brutal year for the industry.

www.axios.com/2023/05/09/crypto-blockworks-raises-12m-135m-valuation

AMP Robotics attracts investment from Microsoft's Climate Innovation Fund

AMP Robotics, a company developing AI-powered robots that sort recyclable materials, has raised $91 million in a corporate equity round.

techcrunch.com/2023/05/11/amp-robotics-attracts-investment-from-microsofts-climate-innovation-fund/?utm_source=bensbites&utm_medium=newsletter&utm_campaign=100-000-tokens-in-single-prompt

Funds

3one4 Capital closes $200 mn early-stage fund - InfotechLead

3one4 Capital, India-based early stage venture capital firm, has closed its fourth early-stage fund (sixth fund overall) at $200 million.

infotechlead.com/tech/3one4-capital-closes-200-mn-early-stage-fund-78223

World’s First Product-Led And AI Powered VC Firm Comes Out Of Stealth - Meet Vela Partners

This article introduces Vela Parters a unique VC fund which just closed its first fund focused on AI/ML that has a unique value proposition.

www.forbes.com/sites/cindygordon/2023/05/11/worlds-first-product-led-and-ai-powered-vc-firm-comes-out-of-stealthmeet-vela-partners/?sh=7dea217555a1

Aaron Rodgers-Founded Firm Raises $150 Million Fund

RX3 Growth Partners, a private-equity firm with an array of boldface names among its backers, just closed its second main fund to invest in consumer brands.

www.wsj.com/articles/aaron-rodgers-founded-firm-raises-150-million-fund-83f65fb1

Global Headlines

There’s a new head honcho at Twitter X.

IBM jumps into the AI discussion, debuting WatsonX.

The EU cracks down on AI.

Peleton recalls more than 2 million bikes.

Mother’s Day spending up $4B this year.

Weekly Resources

Battle Royale: The AI Showdown

This week, Bard and Chat GPT go head to head, picking which tech company is better positioned to win the AI race.

Prompt

Is Google or Microsoft better positioned to take advantage of AI? You have to argue for one company and use less than 100 words.

ChatGPT

Google is better positioned to take advantage of AI. With its extensive data resources, advanced research in machine learning, and dominance in search, Google has a solid foundation for AI-driven innovations. Additionally, Google's investment in AI-centric products like Google Assistant and TensorFlow, along with its acquisitions of DeepMind and Kaggle, further strengthen its AI capabilities and potential for future growth.

Bard

Google is better positioned to take advantage of AI than Microsoft. Google has a stronger track record of innovation in AI, with products like Google Translate, Google Vision, and Google Assistant. Google also has a larger data set to train AI models on, and it is investing heavily in AI research. Microsoft has some strengths in AI, but it is not as well-positioned as Google to take advantage of this technology.

If you haven’t subscribed to the newsletter, sign up for free to help us out!

Already subscribed? Join our network.

Check out our website.

Reply

or to participate.