Hone Capital, a Silicon Valley firm, is being probed by the FBI

Quick Summary:

According to the FT, the FBI is now poking around nine-year-old Hone Capital, a Palo Alto, Ca.-based venture firm funded by a Chinese private equity firm, to determine whether some of its capital came from the Chinese government — and if it shared sensitive startup data with Beijing.

Biotech & Health EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.

Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and laid off about 20% of its employees.

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Article Details

Author / Journalist: Connie Loizos

Category: Technology

Markets: United StatesChinaIndia

Topics: TC Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 06:26:52 (4 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22703882

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