RockFlow 投研团队第一时间对这个数万字的系列报告进行了深度编译与逻辑重塑。我们剥离了繁杂的术语，为你精炼出决定未来十年投资格局的五大核心 叙事。Enjoy AI 基础设施与 Agent：从"交互工具"进化为"自主生命体" 划重点： 1）AI 正在从"数字助理"进化为"自主执行集群"。2026 年将见证 AI 从"对话工具"向"多智能体系统（Multi-Agent）"的跨越。a16z 预言屏幕时代 即将终结，Agent 原生基建将重定义云端速度，开启企业运营杠杆的历史性飞跃。 2）科技正在溢出屏幕，"比特"开始全面接管"原子"。电气化、材料科学与 AI 融合而成的"电子工业堆栈"将成为物理世界运行的底层逻辑。通过 软件定义制造与 AI 自动化，美国有望迎来工厂复兴的黄金时代。 3）SaaS 正经历从"被动记录"到"主动推理"的范式转移，个性化服务将实现从"为所有人优化"到"为每个人定制"的飞跃。加密货币将化身为互联 网的基础结算层，稳定币与 RWA 将重构金融底层；而预防性医疗将开启长效变现的新蓝海。 在美股市场，预见趋势的能力往往决定了 Alpha 的成色。作为硅谷风投界的"定海神针"，a16z（An ...

Core Viewpoint - Hargreave Hale AIM VCT plc reported its financial results for the year ending September 30, 2025, highlighting a marginal loss in NAV and share price total returns, while also announcing a proposed final dividend and a special dividend for shareholders [2][5][22]. Financial Highlights - The net asset value (NAV) per share decreased to 36.46 pence from 40.55 pence, resulting in a NAV total return of -0.22% for the year [6][16]. - The market capitalization fell from £142.34 million to £127.41 million, with the share price dropping from 39.00 pence to 34.40 pence, reflecting a share price total return of -1.54% [6][18]. - Dividends paid per share remained constant at 4.00 pence, with a final dividend of 1 penny proposed and a special dividend of 2 pence approved by the Board [5][21][22]. Investment Activity - The Company invested £4.8 million in seven qualifying companies during the year, with 98.98% of its VCT tax value invested in qualifying investments as of September 30, 2025 [7][19]. - The fair value of qualifying investments was reported at £73.0 million, representing 54.1% of NAV, while non-qualifying investments included £8.4 million in equities and £21.1 million in short-dated investment-grade corporate bonds [19]. Market Context - The Investment Association reported sustained outflows from UK equities for four consecutive years, with fiscal policy changes negatively impacting sectors like leisure and hospitality [9]. - The London Stock Exchange experienced a thirty-year low for initial public offerings, prompting the Company to become more active in private capital markets [11]. Performance Overview - The Company reported a marginal loss across the year, but noted a positive return of +9.36% in the second half of the financial year, marking the first period of improved performance after four years of decline [13]. - The earnings per share total return was a loss of -0.14 pence, with revenue income decreasing by 14% to £2.5 million due to reduced allocations to high-yielding non-qualifying equity investments [17]. Shareholder Engagement - The Company is committed to maintaining shareholder engagement, providing updates and opportunities for interaction through its website and planned events [50][55]. - Shareholders are encouraged to participate in the upcoming AGM scheduled for February 5, 2026, where key resolutions will be proposed [49]. Future Outlook - The Company anticipates a positive impact from upcoming legislative changes that will increase thresholds for VCT capital deployment, although concerns remain regarding reduced income tax relief for investors [69][70]. - The Investment Manager reported an improvement in deal flow post-period end, with £2.9 million invested across two qualifying investments [71].

Photo by BeInCrypto Venture capital is the lifeblood of the startup world in Web3 and crypto. Entrepreneurs need to raise money for projects in order to hire talented people, pay operating costs, and perform marketing for scaling a business. VCs, of course, are more than happy to do this, as they get a chunk of the long-term payoff - if there ever is one, of course. Most startups fail, and the business is highly predicated on unicorns to drive venture funds. The crypto market is unique, to be sure, with ...

天眼查工商信息显示，近日，江城国泰海通神工（武汉）创业投资基金合伙企业（有限合伙）成立，执 行事务合伙人为国泰君安创新投资有限公司，出资额2亿人民币，经营范围为私募股权投资基金管理、 创业投资基金管理服务。合伙人信息显示，该基金由江城产业投资基金（武汉）有限公司、神工股份 （688233）、国泰海通旗下国泰君安创新投资有限公司等共同出资。 ...

20VC x SaaStr is Back! SpaceX’s $1.5 Trillion IPO, Lightspeed’s $9 Billion Mega-Raise, and Why All These Late-Stage Giants Staying Private is “The Greatest Gift to Venture in Our Lifetimes” The latest from the 20VC x SaaStr collaboration with Harry Stebbings, Jason Lemkin, and Rory O’DriscollThe TL;DRWe’re living through the greatest wealth transfer in venture capital history—and it’s happening because the best companies refuse to go public. Lightspeed just raised $9 billion. SpaceX is eyeing a $1.5 trilli ...

MUNICH--(BUSINESS WIRE)--Picus Capital ("Picus†or the "Firm†), a global venture capital firm, today announced the closing of a €150 million preferred equity financing transaction provided by Carlyle AlpInvest, a leading global private markets manager. The transaction provides Picus with significant capital for new investments and supports the continued growth of its existing portfolio of almost 200 companies, including notable investments such as Personio and Enpal. Founded in 2015 as a privat. ...

The VC arms of Google and Nvidia have invested in Swedish vibe coding startup Lovable's $330 million Series B at a $6.6 billion valuation, the company announced on Thursday.The news confirms an earlier story from CNBC, which reported on Tuesday that Lovable had raised at that valuation, trebling its valuation from its previous round in July, and that the investors included U.S. VC firms Accel and Khosla Ventures. CapitalG, one of Google's VC divisions, and Menlo Ventures led the round. Alongside Accel and K ...

| | 更公司 | 查关系 查风险 查老板 | | | | | --- | --- | --- | --- | --- | --- | | | 都在用的商业查询工具 家中小企业发展子基金旗下机构 | 福建福金信科创业投资合伙企业(有限合伙) | × 天眼一下 | 品 应用 - | 商务合作 企业级产 | | 基本信息 7 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | 知识产 | | 工商信息 历史工商信息0 | | | | | | | 企业名称 | 福建福金信科创业投资合伙企业(有限合伙) | | | | | | 执行事务合伙人 2 | 福建省电子信息产业股权投资管 র ব 理有限公司 | 登记状态 ⑦ | 存续 | | 天眼评分 2 | | | 委派代表:王佐(来源于中基协) | 成立日期 | 2025-12-12 | | | | 统一社会信用代码 2 | 91350111MAK3R4M042 | 出资额 | 30000万人民币 | | 实缴资本 | | 工商注册号 | 350111110726577 | 纳税人识别号 2 | 91350111MAK3R4M042 | | 组织机构代码 ⑦ | ...

Core Viewpoint - ThreeD Capital Inc. has disposed of 1,130,000 common shares of Avicanna Inc., reducing its ownership stake by over 2% on a partially diluted basis [1][4]. Group 1: Ownership Details - Prior to the dispositions, ThreeD and the Joint Actor owned 18,276,757 common shares, 1,441,250 common share purchase warrants, and 50,000 stock options, representing approximately 15.5% of all issued and outstanding common shares of Avicanna Inc. [2] - After the dispositions, ThreeD and the Joint Actor now own 17,146,757 common shares, maintaining approximately 14.6% of all issued and outstanding common shares of Avicanna Inc. [3] Group 2: Financial Transactions - The Subject Shares were disposed of for total consideration of $268,667, equating to approximately $0.238 per share [4]. Group 3: Company Profile - ThreeD Capital Inc. is a Canadian-based venture capital firm focused on opportunistic investments in junior resources and disruptive technologies sectors, aiming to invest in early-stage companies globally [5].

弘毅投资 德同资本 赛智伯乐 源星资本 浦东科创集团 水木资本 天堂硅谷 松禾资本 华登国际 之路资本 ...