A $250 million acquisition of VideoVerse has collapsed amid allegations of fraud and forged signatures. Co-founder Vinayak Shrivastav faces multiple legal cases while investors await deal payouts.
Accel has closed an oversubscribed $550 million India fund within weeks. The U.S. venture firm still retains more than 55% of its previous $650 million India fund for deployment.
Lightspeed Venture Partners hired seed investor Claire Zau to advance its creator-led venture capital strategy. The move comes as venture firms increasingly leverage creators to connect with prospective founders.
Index Ventures has raised $2 billion across three funds following its payout from Wiz. The new raise brings Index's total available investing capital to $3.5 billion.