Category: Venture

Bfree, a Nigerian startup enabling lenders recover debt ethically, gets $3M backing

Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recovery processes after its founders witnessed the use and adverse effects of aggressive retrieval techniques, such as incessant calling and debt-shaming, by predatory digital lenders. After its launch in 2020, the startup introduced a number of scalable debt […] © 2024 TechCrunch. All rights reserved. For personal use…

Why VCs are investing in startups that help other startups shut down

In one of the VC world’s greatest ironies, investors have lately been clamoring to back startups that are helping other startups shut down. So whether a VC-backed startup is succeeding or shuttering, investors themselves are finding ways to make returns for their limited partners while also helping founders move on more quickly. And with an […] © 2024 TechCrunch. All rights reserved. For personal use…

COTU Ventures launches $54M fund for pre-seed and seed startups in MENA

Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed stages. With a final close achieved last year, COTU Ventures, which identifies and backs founders from the inception to post-product launch, invests between $500,000 to […] © 2024 TechCrunch. All rights reserved. For personal use…

With liquidity rare, VCs may get creative to return investor cash

Welcome to the very last issue of The Exchange! With TechCrunch+ sunsetting this month, The Exchange column and its newsletter are also coming to an end. Thank you for reading, emailing, tweeting, and hanging out with us for so many years. P.S. A special thanks from myself to Anna, who was nothing short of a […] © 2024 TechCrunch. All rights reserved. For personal use…

Equity Shot: All about the Reddit IPO!

 Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Weekend team, we have something both short and sweet for you: A dig into the Reddit IPO filing that came out just after we recorded our […] © 2024 TechCrunch. All rights reserved. For personal use…

As Techstars retools, some former staffers say it lost focus on what made it successful

Well-known accelerator group Techstars announced a slew of changes to its operations this week, including the shuttering of some of its city-based programs.  Criticism from former members of its decisions lit social media channels who argued that the famed startup accelerator has lost focus on the very thing that historically made it so successful. © 2024 TechCrunch. All rights reserved. For personal use only. Go…

Techstars CEO defends changes, says physical presence in a city is not necessary for investment

Earlier this week, accelerator group Techstars announced changes to its operations. But what was planned internally to be an exciting new chapter for the organization ended up being somewhat of a PR nightmare.  Techstars found itself facing criticism for some of its decisions and execution after announcing it would shut down its Boulder and Seattle […] © 2024 TechCrunch. All rights reserved. For personal use…

Clumio raises $75M to automate cloud data backup and recovery

Clumio, a data backup and recovery provider for companies using the public cloud, has raised $75 million in a Series D round of funding. The raise comes as the Santa Clara, California-based company claimed a four-fold increase in annual recurring revenue (ARR) last year, driven by new customers such as Atlassian which is now using […] © 2024 TechCrunch. All rights reserved. For personal use…

Zola wants to bring the wedding industry into the 21st century

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Shan-Lyn Ma, the co-founder and CEO of Zola, an online platform for wedding planning and gift registries. Ma talked about why she decided to launch the business after trying to buy a gift for a […] © 2024 TechCrunch. All rights reserved. For personal use…

Partech closes its second Africa fund at $300M+ to invest from seed to Series C

Partech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close. At that size, Partech Africa, which originally targeted €230 million before its fundraising efforts started, solidifies its position as the largest fund dedicated to African startups.  Amidst a backdrop of global VCs […] © 2024 TechCrunch. All rights reserved. For personal use…

State of venture investments in India, according to Lightspeed

Over 150 investors, including Singapore’s sovereign fund Temasek and Malaysia’s Khazanah, gathered at Mumbai’s five-star Trident Oberoi hotel on a recent Friday for venture firm Lightspeed India Partners’ “Lift Off” summit. The two-day event aims to spark partnerships by enabling “in a short window, many views, ideas and investments to be shared between nC2 connections […] © 2024 TechCrunch. All rights reserved. For personal use…

Miruku grabs more capital as its plant-based dairy tech reaches proof of concept

The company made advancements in its proprietary dairy seed system to leverage interactions between recombinant dairy casein and native plant proteins, with or without improved fatty acid profiles. © 2024 TechCrunch. All rights reserved. For personal use only. Go to Source

PayPal Ventures’ first AI investment, a credit-based dating app and Robinhood’s good week

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at a new finance-based dating app, Robinhood’s earnings results and the startup in which PayPal Ventures made its first investment. Let’s dive in! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. […] © 2024 TechCrunch. All rights reserved. For personal use…

A peek inside Alphabet’s $7 billion growth-stage investing arm, CapitalG

Almost a year ago, Alphabet’s growth stage venture arm, CapitalG, named partner Laela Sturdy as its new head, just as the unit’s founder, David Lawee, stepped down. Few were surprised Sturdy was promoted to the post. She joined Google in 2007 in a marketing role, was pulled into a number of departments in the following […] © 2024 TechCrunch. All rights reserved. For personal use…

Spacegoods shakes up functional beverage industry with mushroom-based powders

The London-based wellness brand is tapping into functional mushrooms and nootropics to create a line of powder blends that it touts enhances energy, relaxation, mood and general well-being. © 2024 TechCrunch. All rights reserved. For personal use only. Go to Source

Roam raises $24M to scale electric vehicle production in Kenya

Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S International Development Finance Corporation (DFC), to scale the production of electric motorcycles and buses. Equator, an Africa-focused climate tech VC fund, led the round, which also had the participation […] © 2024 TechCrunch. All rights reserved. For personal use…

Foundry Group is shutting down and won’t raise another fund

Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its last on […] © 2024 TechCrunch. All rights reserved. For personal use…

Homebrew targets $50M for new fund

Venture capital firm Homebrew is targeting $50 million for a new fund, according to a new filing with the U.S. Securities and Exchange Commission. The filing comes as a bit of a surprise considering that Homebrew nearly two years ago said it was pursuing a more stage-agnostic evergreen model that would be funded solely by […] © 2024 TechCrunch. All rights reserved. For personal use…

Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services

Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the masses through the rollout of a B2B health and […] © 2024 TechCrunch. All rights reserved. For personal use…

Peak XV takes startups on a Silicon Valley trip in AI push

Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Valley this week to meet several industry titans, the latest in the venture firm’s broadening offerings and networking flex. About 60 founders, many backed by […] © 2024 TechCrunch. All rights reserved. For personal use…

Newsbreakforum