Funding has long been a challenge for African startups but the tide has started to turn in the last year as the sector heats up and both investors and entrepreneurs start to see some of their long term efforts come to fruition. In the recent past the biggest issue startups from Lagos to Nairobi or [...] The post Venture capital funds are starting to make bigger bets on African startups appeared first on Moguldom.
Let's catch up with the latest innovation news in Texas. --Austin-based LiveOak Venture Partners is one of three organizations that led a $5 million investment in Imandra, an artificial intelligence startup based in London, according to a press release. With the funding, Imandra says it will open a US headquarters in the Texas state capital. [...]
A hospitality startup that provides short-rentals for professionals has closed on a $160 million funding round led by Airbnb. Lyric, which partners with landlords to provide units in multifamily buildings for business travelers, closed on the equity and debt funding round this week, according to TechCrunch. The series B funding round is a huge surge of capital for the company, which had only raised $19 million in previous funding rounds. The platform has gained significant ... [more]
This week a blockchain startup opened its system to the public; a quantum computing company raised big bucks; and Raytheon's cybersecurity business set up shop in Boston. Read on for more. --Blockchain technology startup Algorand has opened a test network to the public for businesses and developers to tinker with and give feedback. The company [...]
The big news in B2B FinTech investment this week came from Airbnb, which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The B2B FinTech space saw its fair share of venture capital, too, with investors targeting spend management, alternative [...]
Serena Williams announced her venture capital firm Serena Ventures this week after investing in 30 companies over the past five years in stealth mode.
Zoom's IPO wowed Wall Street. Behind the $16 billion market cap bonanza: new billionaire Eric Yuan, the immigrant founder whose video conference app just works better.
MADISON, Wis., April 18, 2019-- Imbed Biosciences Inc. (Imbed), a medical device company emerging as a leader in the development of advanced therapies for soft tissue repair, announced today that it has closed $2 million in a Series A Preferred Stock equity financing. The funding will be used to commercialize company's FDA-cleared MicroLyte(r) Ag Antimicrobial Matrix indicated for the management of chronic ulcers, burns, and surgical wounds.
Karl Jacob pitched his startup LoanSnap to Richard Bransonduring a kiteboarding trip and walked away with the billionaire's backing for its $8 million Series A in 2018. Jacob was an early advisor to Facebook, and says his experience working in the early days of social networking reinforced his belief in taking bigger risks and bigger failures. According to Jacob, founders and investors need to be more comfortable with failure and more patient with teams trying to unseat massive entrenched industries. Visit BusinessInsider.com for more stories. Karl Jacob was riding high.
The round values Pilot at $355 million. : Five years after Dropbox acquired their startup Zulip, Waseem Daher, Jeff Arnold and Jessica McKellar have gained traction for their third business together: Pilot. Pilot helps startups and small businesses manage their back office. Chief executive officer Daher admits it may seem a little boring, but the market opportunity is undeniably huge. To tackle the market, Pilot is today announcing a $40 million Series B led by Index Ventures with participation from Stripe, the online payment processing system.