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Venture Funding Remains Elusive For Black Tech Entrepreneurs

Venture capital, from Silicon Valley to New York, remains an industry deeply rooted in its investing and hiring patterns, self-perpetuating funding for a limited number of privileged companies that are overwhelming white, male and Ivy League-educated.
Read by 75% of LPs 11 hours, 26 minutes ago

Palantir Technologies Files To Go Public - The New York Times

The data start-up, which has a valuation of $20 billion, would be the largest Silicon Valley tech listing since Uber made its debut last year.
Read by 53% of LPs July 04, 2020

Startups Weekly: Tech Unicorns Look To Ipos As Lemonade, Accolade Boom - Techcrunch

Hundreds of tech-oriented startups worth a billion or more dollars had envisioned successful public offerings before the pandemic hit. But new tech listings slowed to nearly nothing this spring as companies have tried to adjust to the profound changes sweeping the world. Today, more and more companies are back to their previous plans, with Lemonade [...]
Read by 61% of LPs July 03, 2020

Philippine Tech Newcomer Eyes $726M Ipo - Nikkei Asian Review

MANILA -- Philippine internet service provider ICT Converge Solutions is seeking to raise up to 35.9 billion pesos ($726 million) from an initial public offering, one of the Philippines biggest ever. Hoping to cash in on the surging demand for internet services amid the coronavirus pandemic, the company backed by U.S. private fund Warburg Pincus believes the share sale could help it compete with the PLDT and Globe Telecom duopoly that has dominated the Philippines for decades. ICT Converge's plans for a public debut also come at a time when telecom-related stocks are defying weakness in the broader Manila market.
Read by 69% of LPs July 03, 2020

Tech Briefing: Intel Capital Invests In Jio, Zetwerk Raises $21 Mn & More

Continuing its amazing funding spree since April, Reliance Industries Limited and Jio Platforms have received an investment of INR 1,894.50...
Read by 32% of LPs July 02, 2020

Silicon Valley Elites Go After Tech Reporter, Hacking And Threats Alleged Against 'clubhouse Cabal'

New York Times (NYT) tech reporter Taylor Lorenz said she was attacked by Silicon Valley elites on Clubhouse. Lorenz made the claims on Twitter Thursday morning. "Woke up today to ppl trying to reset my passwords and hack into my accounts, vicious, disgusting threats. Apparently a bunch of VCs, tech ppl etc spent all night [...] The post Silicon Valley Elites Go After Tech Reporter, Hacking And Threats Alleged Against 'Clubhouse Cabal' appeared first on Moguldom.
Read by 67% of LPs July 02, 2020

UK Deep Tech Startups Raise $3.3B, Investors Eye Boom

These are just some of the disparate areas of technology that fall under the bracket of deep tech, a growing area of interest for the UK's venture capital investors.
Read by 58% of LPs July 01, 2020

Anduril Raises $200M To Fund Ambitious Plans To Build A Defense Tech Giant

Palmer Luckey's controversial startup is self-funding its R&D rather than waiting for government contracts, making the confident wager that its artificial intelligence-laced surveillance and counter-drone systems are going to be snapped up by a Pentagon hungry to tap more Silicon Valley tech.
Read by 58% of LPs June 30, 2020

Protaryx Medical Announces $8.3M In Funding For First-class Technology For Left Atrial Access In Transcatheter Cardiac Procedures | Business Wire

BALTIMORE--(BUSINESS WIRE)--Protaryx(tm) Medical, a company committed to reimagining access to the left atrium for transcatheter cardiac procedures, today announced that it has raised $8.3 million in funding to develop the company's first-in-class device for precision transseptal access to the left atrium during structural heart and catheter ablation procedures. The company's funding includes non-dilutive grants and a seed round totaling $3.2 million and the recently closed $5.1M Series A financin.
Read by 53% of LPs June 30, 2020

Sunak Expands PS500M Fund For Uk Startups Hit By Coronavirus | Technology

Chancellor extends Future Fund to include firms that have moved their HQs abroadThe chancellor is expanding a PS500m fund for UK startups hit by the coronavirus crisis, to ensure firms that shifted their headquarters abroad can still access the scheme.The Future Fund will now benefit companies that are seen as British in all but name, having moved their parent company to tap US investors or take advantage of so-called accelerator programmes. Accelerators like US-based Y Combinator often ask firms to set up a US entity in order to access financing, mentorships and expert networks overseas. Continue reading...
Read by 59% of LPs