FJ Labs

Congratulation to Passionfruit that has closed a $9m USD Series A funding round to scale their platform for independent work! Total funds (incl. Seed round) raised now stand at $13.3m. The investment round has been led by Seaya with participation from all major Seed investors (firstminute Capital, Playfair Capital, Cornerstone, FJ Labs and Portfolio Ventures)

Today, we’re announcing a $65M strategic round in equity and debt from J.P. Morgan, Notable Capital and others, bringing our total funding to $252M! We believe our long-term thinking and emphasis on both “fin” and “tech” has been imperative to execute precisely above the chaos, close major partnerships, and onboard new customers. While we are very “tech” – pushing boundaries in AI and shipping velocity, headquartered in San Francisco, and backed by the best technologists in Silicon Valley (Sam Altman, Y Combinator, founders of OpenAI, DoorDash, Plaid, Dropbox, Unity, etc.) – partnering deeply with the largest bank in the world, J.P. Morgan, to gain expertise in compliance, risk, and distribution is a necessity to transition the $125T B2B economy online. By combining J.P. Morgan’s fortress balance sheet and depth of client relationships with Slope’s strengths in technology, underwriting and credit risk monitoring – we are a well-positioned partner to serve the world’s largest enterprises. We are hitting an exciting inflection point and hiring across all roles! If you or someone you know are interested in joining us, check out our roles here: https://lnkd.in/dx5wS3_i Announcement on X: https://lnkd.in/deJu3gra Note from our CEO: https://lnkd.in/dYCe59ur TechCrunch coverage: https://lnkd.in/gjduHbwQ Press release: https://lnkd.in/dmtWxR76

At Beyond Summit 2024 by Allocate, FJ Labs Partner Jeff Weinstein shared with us why the power of brand matters in #VentureCapital--for them is about delivering expertise in all things #marketplaces and velocity of execution!

If you read just one business book this summer, here is my recommendation: The Venture Mindset by a Stanford professor Ilya Strebulaev and an ex Amazon/McKinsey executive Alex Dang. Amazing insights for founders and investors alike, destined to become a business classic! https://lnkd.in/eA-EbaAQ

https://lnkd.in/gSnSw2kr

I'm thrilled (along with many of our customers) that we delivered this suite of capabilities ahead of schedule. This is just scratching the surface of where we are going. Buckle up--things are starting to get very interesting... #AI-Powered TPRM

We are excited to share that Midas has raised $8.75 million in a funding round led by Framework Ventures, BlockTower Capital and HV Capital. At Midas, we have developed a trailblazing asset tokenization protocol that tracks short-dated U.S. Treasury Bills. Midas’ products will allow a variety of new DeFi use cases during periods of normalized interest rates, encouraging users to stay on-chain for the long term. Our flagship product, the mTBILL, was developed to provide an innovative solution for the large segment of stablecoin holders who currently do not earn yield. We look forward to continuing to bring investors innovative products to keep capital, particularly stable capital, on-chain through yield-bearing tokens while still harnessing the full suite of relevant DeFi applications. Excited to partner with Thomas Klocanas at BlockTower Capital, Roy Learner & Josh Litchman at Framework Ventures, Barbod Namini & Susie Meier at HV Capital, Mike Dudas & Carl Vogel at 6MV, Marguerite de Tavernost at Cathay Capital x Ledger Fund, Shan Aggarwal at Coinbase Ventures, Regan Bozman & Pierre Chuzeville at Lattice, Quynh Ho at GSR, Jared Hutchings at PEER VC, Georgios Vlachos at Axelar Foundation, Ed Roman at Hack VC, Felipe Montealegre at Theia, as well as Waikit L., Jacek Czarnecki, Alex Bertomeu-Gilles and Ignacio García León. For more information, please feel free to take a look at Axios’ coverage: https://lnkd.in/eYV5FFgN / the full release here: https://midas.app/blog #Tokenization #DeFi #Blockchain #stablecoin

📣 Big News! ThisThat has raised from not just one, but FOUR unicorn founders 🦄🦄🦄🦄 Why? Advertising has evolved. Market research hasn’t. And at ThisThat we've set out to and are committed to evolving market research. ✨ To supercharge our growth and impact, we've teamed up with FOUR unicorn founders and a stellar lineup of believers, including Daniel Dippold, 10x Founders, FJ Labs and Super Angels. ⭐️ ThisThat is just getting started to make a colossal impact, and mark our words – it's only the beginning of something monumental! Joining the movement are: Paul H. Müller, Fabrice Grinda, Ralf Reichert, Vital Laptenok, Daniel W. Dippold, EWOR, 10x Founders, FJ Labs, Andrej Henkler, Felix Haas, Rupert Schaefer, Robert Wuttke, Quinten Selhorst, Joachim Drees, Hubertus Bessau 🚀🚀🚀✨ #ThisThat #Marketing #Advertising #MarketResearch #Investment #Disruption #Innovation

🚀 Today Photoroom is announcing the next generation of AI photo-editing features. 🚀 We’re dropping 5 new AI features, including a text-to-image model, generative fill, and our new-and-improved AI backgrounds, plus launching the world’s first foundation model trained specifically for product photography. 🖼️ AI Images: Use AI to generate high-quality images from scratch. Create anything you can imagine, at the click of a button. 💗 AI Expand: Use generative AI to realistically expand the scene around your image. 🎑 AI Backgrounds: Generate stunningly realistic AI backgrounds for product photos. ⏳ AI Fill: Take total control of your AI images, by customizing an item or area of the picture. 🔄 Auto-rotate: Correct your camera angle with AI for more professional results. 🔎 AI Upscale: Get better quality images by enhancing the resolution of your images. If our 6x feature drop wasn’t enough, we also just closed our series B funding round, to the tune of $43 million 🎤 Link to Forbes' write-up in the comments. #Photoroom #generativeAI #AI #productphotography #ecommerce