Tag Archives: raised million

All Raise, a nonprofit to increase diversity in tech, has a new CEO – TechCrunch

All Raise, a non-profit organization which focuses on increasing diversity within venture capital deals and decision makers, named Mandela Schumacher-Hodge Dixon as the company’s new CEO. The appointment comes five months after Pam Kostka resigned as head of the nonprofit to join the world of startups. Dixon has spent more …

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How the war in Ukraine is affecting many financial industries

Powell: Fed to proceed cautiously with rate hike amid Ukraine dispute Federal Reserve Chairman Jerome Powell said Wednesday that the central bank still plans to raise interest rates despite the “very uncertain” economic effects of the war in Ukraine. “Ultimately we will continue, but we will proceed with caution as …

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Matrix World Raises $5.5M in Angel Funding, at a $50M Valuation

Today, Matrix World announced an exciting milestone: it has raised $5.5 million in angel funding led by Tess Ventures, Everest Ventures Group, Com2Us Group and Y2Z Ventures. A total of 17 companies participated in the angel investor round. These partnerships will help expand the Matrix World network and the funding …

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Startup Offers Payday Reimbursed Loans | PaymentsSource

A former Citigroup executive has raised about $9 million in a new round of seed funding for Paywallet, which extends installment loans to cash-strapped borrowers whose repayments come directly from their paychecks . Jacksonville, Florida-based Paywallet has piloted the concept for the past two years and plans to officially launch …

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Silicon Savannah: How the tech jobs revolution imploded

The premise of Silicon Savannah in Nairobi was simple and promising. [Courtesy] When the phrase Silicon Savannah was coined, there was great optimism that Nairobi was about to experience a technological revolution that would attract high-value companies and, in turn, spur job creation. It was 2010. Airtel Kenya, then Zain, …

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Grocery Delivery Robots, Holographic Lectures and Record Blockchain Funding: It’s Your Week in Tech

Local startups have not been hit with funding during the pandemic, new research shows. The Bay Area garnered more than 4,000 startup investments last year, by far the most of any major tech hub, new research from Telstra Ventures shows. The San Francisco venture capital firm behind Box, DocuSign and …

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A Roundup of LA Startup Funding News

Raises is dot.LA’s weekly article that highlights venture capital funding news in the Southern California tech and startup ecosystem. Please send fundraising news to Molly Wright (molly@dot.la). Capital risk San Diego-based biotechnology company Endeavor BioMedicines raised $101 million in Series B funding led by Ally Bridge Group and Avidity Partners. …

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Parsyl Raises $25M in Series B Funding

Denver-based Parsyl raised $25 million in Series B funding to expand its cargo insurance and risk management solutions. The company uses data to identify and manage risk, while reducing the waste of critical assets. According to a statement, its technology is currently monitoring the vaccines of nearly 200 million people. …

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Raleigh Finmark fintech raises $6.5M from AmEx Ventures

Rami Essaid, CEO of Raleigh-based startup Finmark. Submitted RALEIGH Listen to our daily briefing: Finmark, a Raleigh-based fintech startup, has raised a $6.5 million seed round from a group of investors that includes the venture capital arm of American Express, Bessemer Venture Partners and the fund IDEA of Durham. Founded …

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Massachusetts biopharma companies raised a record $13.7 billion in venture capital last year

Massachusetts drugmakers continued to bring in huge amounts of venture capital last year, setting a record for funds raised, according to the industry trade group. Homegrown biopharma companies attracted $13.7 billion in 2021, up 70% from a year earlier, the Massachusetts Biotechnology Council said in a report Wednesday. The group …

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Malaysian start-up B2B Marketplace raises $7 million to help digitize businesses

Dropee CEO Lennise Ng. Courtesy of Dropee Dropee, a Malaysia-based B2B e-commerce marketplace, raised $7m in Series A funding led by return investor Vynn Capital, a Kuala Lumpur-based venture capital firm, to help digitize small businesses. companies. Besides Vynn Capital – which backed Carsome, Malaysia’s first unicorn tech startup – …

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Spyke Games Raises Record $55M Social Mobile Gaming Round from Leading Global Gaming Partners VC Griffin Gaming

ISTANBUL & LOS ANGELES–(BUSINESS WIRE)–Spyke Games, a social and mobile casual games company, has closed $55 million in a funding round led by renowned venture capital firm Griffin Gaming Partners (GGP). Spyke Games’ co-founding team has an unparalleled track record of creating some of the world’s best mobile casual games …

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The DMV region raised $5 billion in venture capital in 2021

Editor’s note: These figures may vary slightly, as some transactions are only taken into account several weeks after the publication of the quarterly venture capital reports. The results are in: with the official numbers to back it up, we can now confirm that the DMV has had an absolutely bonkers …

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Upfront Ventures raises funds for a new fund

Santa Monica-based venture capital firm Upfront Ventures has raised $ 176.5 million for a new fund, according to a filing with the Securities and Exchange Commission. According to the deposit, at least part of the capital raised for the new fund, called Upfront Continuation Fund I, came from a limited …

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AIMMO pockets $ 12 million from Series A to advance data labeling technology – TechCrunch

Most artificial intelligence models are driven by supervised learning, which means humans have to label the raw data. Data labeling is an essential part of the automation of the artificial intelligence and machine learning model, but at the same time, it can be a long and tedious job. A Korean …

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Trends in Capital Formation: SEC OASB Annual Report | Mayer Brown Free Writings + Perspectives

[co-authors: Carlos Juarez, Marc Leong] The SEC’s Office of the Advocate for Small Business Capital Formation (“OASB”) recently released its Annual report 2021 (the “Report”), which reviews the capital raising activities of a variety of businesses, from startups and emerging companies to small public enterprises. The OASB, in collaboration with the …

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Six numbers that defined Crypto’s record year

Gold colored Bitcoin symbol sitting inside 2021 on yellow financial graph background. getty In one year, the crypto market cap has hit $ 3 trillion, the SEC has approved its first bitcoin ETF and the NFT fever has driven digital doodles to millions of dollars, crypto is finally going mainstream. …

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GWT Finishes and Wins First Prize for Silicon Valley’s Leading Water Accelerator

Ellie Barker (Program Manager, Accelerator) of Imagine H2O commented “With unmatched technology and a top-notch team, we are delighted to welcome GWT to our 2021 cohort. The team immediately jumped in and took full advantage of this. that the program had to offer – actively participating in sessions, showcasing their …

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Xen Capital Raises US $ 7.5 Million Series A Led By Headline Asia To Develop Alternative Investment Platform

SINGAPORE, December 5, 2021 / PRNewswire / – Xen Capital announces having raised US $ 7.5 million in a Serie A round led by Big title Asia (formerly known as Infinity Ventures) to evolve its B2B2C alternative investment platform. Xen Capital has created an open architecture client management platform for …

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4 Ways Venture Capital Can Work For The 99% And Be Profitable

Ten years ago this month, we witnessed what could very well be considered one of the most significant events in modern American history: in Zuccotti Park in downtown New York, Police stormed a small makeshift compound, evicting a small crowd of occupiers and putting an end to what has become …

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Venture capital investment in supply chain technology exceeds $ 7 billion for third consecutive quarter

New venture capitalists have entered the technology supply chain space. Larger checks and higher valuations from Tiger Global and Softbank are changing the landscape, but mature startups and incumbents are also increasing their M&A capabilities. Venture capital investments in supply chain tech startups remained robust in the third quarter of …

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Armis exceeds IoT with $ 300 million for “global” asset security

Hear from CIOs, CTOs, and other senior executives and leaders on data and AI strategies at the Future of Work Summit on January 12, 2022. Learn more Armis, which provides a visibility and security platform for all of a company’s assets, including IT and IoT, announced it has raised $ …

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Drive by DraftKings VC fund raises $ 60 million

Drive by DraftKings targeting performance investments; sports and games; media and fan engagement; as well as data analysis and monetization The company’s portfolio currently includes Whoop, Cardless and Just Women’s Sports “All-Star Network” also unveiled to support Drive by DraftKings’ investment strategy Drive by DraftKings, the multi-stage venture capital firm …

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Galaxy Interactive raises another $ 325 million fund for Metaverse and next-gen games

Galaxy Interactive, a next-generation interactive technology-focused venture capital firm, said it has raised $ 325 million for its second fund from 70 different investors. The fund focuses on virtual and augmented reality, artificial intelligence and blockchain-based games. In an October 19 announcement, Galaxy Digital, the majority owner of Galaxy Interactive, …

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Toyota invests in venture capital for a sustainable city

Toyota’s subsidiary, Woven Capital, is investing in the 2150 Climate Technology Sustainability Fund, or simply known as 2150, to help spur the development of sustainable cities. Woven Capital, which has $ 800 million in investment funds, targets growth-stage companies in the areas of mobility, automation, artificial intelligence, data and analytics, …

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Countdown to our rapture with AI – TechCrunch

Welcome to The TechCrunch Exchange, a weekly startup and market newsletter. It is inspired by what day of the week Exchange column digs, but free, and made for your weekend reading. Want it in your inbox every Saturday? Register now here. Happy Saturday everyone. Hope you are well, rested and …

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Cameroon’s Ejara raises $ 2 million to offer crypto and investment services in Francophone Africa – TechCrunch

Africa’s cryptocurrency adoption varies by region. While countries with currently unstable currencies like the naira experience immense use, other regions using the CFA franc have sparse adoption.. A region of more than 200 million inhabitants using the CFA franc, French-speaking Africa is one of the most crypto-friendly markets in Africa. …

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At the forefront of medical innovation

Describe your current job and why you find it rewarding. What is the most difficult? TW: My main job is venture capital, where I invest in biotech companies as a partner at Bios Partners, a venture capital firm focused on life sciences. We examine emerging biotechnology companies that have the …

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BREAKDOWN: Venture capital is pouring into facial recognition

The biometrics industry has seen a huge amount of venture capital investment this year, with facial recognition startups attracting particularly strong interest through early-stage funding rounds. Selfie integration specialist Jumio, for example, announced a $ 150 million funding round in March; and AnyVision recently raised $ 235 million in a …

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Gen Z venture capital fund raises $ 1.6 million

A new computer science graduate from San Diego State University has raised $ 1.6 million – largely through her Twitter account – to invest in startups founded by various under-represented people in the world of technology. ‘business. Paige Finn Doherty, 22, raised the money from angel investors who follow her …

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Emeritus acquires Silicon Valley-based iD Tech for $ 200 million

Emeritus, a global company that makes high-quality education accessible and affordable to individuals, businesses and governments around the world, has announced a definitive agreement to acquire Silicon Valley-based iD Tech for $ 200 million. iD Tech focuses on educating young STEM people. The acquisition, which is made through Emeritus ‘parent …

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Missouri State University’s eFactory program seeks start-ups

Timothy Baynes told the News Leader on Friday that when most people think of the “startup ecosystem” of tech companies, they associate sources of initial investment with places like Boston and Silicon Valley. But Baynes, CEO of a Springfield-based startup dedicated to optimizing the online shopping experience by “intelligent recommendation”, …

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Investors join space race with record funding

Commercial space companies are attracting record levels of funding as investors rush to access the market unleashed by SpaceX of Elon Musk, whose reusable rockets have cut costs to get beyond Earth’s atmosphere. Total venture capital investment in the field increased 95% to $ 8.7 billion in the 12 months …

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