Eric Schmidt backing Firstminute’s new European venture capital fund

Eric Schmidt, chairman of Alphabet Inc.

David Paul Morris | Bloomberg | Getty Images

LONDON — Eric Schmidt, the former CEO of Google, is one of several tech executives backing a new early-stage European venture capital fund.

The tech billionaire — who has a net worth of $20 billion, according to the Bloomberg Billionaire Index — has invested an undisclosed amount into a $111 million fund that was announced Monday by London-headquartered VC firm Firstminute Capital.

Firstminute was founded in 2017 by co-founder Brent Hoberman and former Goldman Sachs analyst Spencer Crawley. It launched with a $60 million fund I (that grew to become $100 million) and this second fund brings total assets under management up to $211 million.

RTI Capital Partners is the second fund’s main investor, but Chinese tech giant Tencent, venture firm Atomico, and private equity firm Vitruvian have also invested.

The founders of big data

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Bitcoin Latinum Launches To be World’s Largest Insured Cryptocurrency with Backing From Titans of Industry

PALO ALTO, Calif.–(BUSINESS WIRE)–November 24, 2020–

Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM [verifiable by LTNM].

This press release features multimedia. View the full release here:

Bitcoin Latinum (Photo: Business Wire)

Bitcoin Latinum (Photo: Business Wire)

Bitcoin Latinum is now available for pre-sale on and will be available on exchanges in 2021.

Bitcoin Latinum is an enhanced Bitcoin fork. The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. Bitcoin Latinum taps into the new wave of crypto DeFi – decentralized finance – for its role in independent digital transactions. According to Nasdaq, the total DeFi related cryptocurrency market recently passed $14 billion, up from $1 billion in February

Read More Emerges from Stealth with $6M in Backing from YL Ventures, CrowdStrike’s George Kurtz and Lineup of Cybersecurity Leaders


Startup dramatically simplifies the process of building authorization and cuts down development time with industry’s first OPA-powered authorization policy management platform


TEL AVIV, Israel & SUNNYVALE, Calif.–(BUSINESS WIRE)–November 18, 2020–, a startup revolutionizing authorization policy management, today announced $6 million in seed funding led by YL Ventures with participation from cybersecurity luminary George Kurtz, CEO and Co-founder of CrowdStrike. Founded by industry veterans Amit Kanfer (CEO) and Dekel Braunstein (CTO), is offering a new approach to authorization, providing developers with the building blocks they need to quickly generate and manage best-practice authorization controls across enterprise applications at scale.

This press release features multimedia. View the full release here: co-founders Amit Kanfer, CEO (rt.); Dekel Braunstein, CTO (Photo: Business Wire)

Joining this seed round are Michael Sutton, former CISO of Zscaler; Sounil Yu, former Chief Security Scientist at Bank of America; Dan Amiga, former CTO and Co-founder

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Singapore gov’t fund joins $930M venture backing West Philly life-science projects

Real estate trust Ventas Inc. has formed a joint venture with a Singapore sovereign wealth fund to finish developing $930 million in research and lab space, including projects on West Philadelphia’s uCity Square complex and with Drexel University, as the life-science sector proves resilient to a downturn in other property types.


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The newly formed venture between Ventas and Singapore’s GIC Pte. Ltd. will own 1.4-million square feet of lab-and-research space across four projects under development in Philadelphia, Pittsburgh and Phoenix, Az., Ventas said in a release Friday.

“We are pleased to establish this partnership … and look forward to scaling our venture together,” Lee Kok Sun, GIC’s real-estate-investment chief, said in the release. “We are confident that the life sciences sector will continue to flourish, driven by the growing and aging global population, as well as increased public and private funding.”

The deal comes as Philadelphia finds itself

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Text to speech, automation and AI: How Google is backing Middle East news providers

Google has awarded just under $2m to 21 projects in the Middle East, Turkey and Africa, following the first Google News Initiative (GNI) Innovation Challenge in the region.

The move is part of a wider series of regional innovation challenges, and a global commitment from Google News to give $300m “to help journalism thrive in the digital age”.

What is Google looking for?

A key focus for funding is “to support projects that drive digital innovation and develop new business models”. Specifically in the Middle East, proposals were asked to focus on projects that “increase reader engagement and/or explore new business models to build a stronger future for journalism”.

SEE: Managing AI and ML in the enterprise 2020: Tech leaders increase project development and implementation (TechRepublic Premium)

Engagement was defined as a key metric, given that “engaged users are … more likely to convert to paid subscribers”, while the focus

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The most active VCs in digital health backing startups in Q3

  • Private investment in healthcare startups remained strong in the third quarter of 2020, according to a new CB Insights report out Monday.
  • Private investors across the world invested $21.8 billion in healthcare startups, smashing the previous record of $18.1 billion set just the previous quarter.
  • Digital health startups remained the most popular investment within healthcare in the quarter, according to the report, and saw an all-time-high $8.4 billion in private investment.
  • General Catalyst, GV, Khosla Ventures, Flare Capital Partners, and Section 32 were the five most active venture firms in digital health this quarter, according to the report.
  • For more stories like this, sign up here for Business Insider’s daily healthcare newsletter.

Digital health startups are benefiting from a private investment windfall as the coronavirus pandemic continues to upend the healthcare industry.

According to a new report from CB Insights, venture firms poured a record-breaking $21.8 billion into healthcare startups

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