Seedlegals closes $4M Series A, led by Index Ventures, to automate startup fundraisings

When SeedLegals launched in 2017 in the UK, I’d say many of us thought “why has that not been done before?”. After all, two things have happened which make this an obvious idea for a startup: startup funding rounds are now so common that there is no reason large amounts of automation could be done. […]

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InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty

Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — […]

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Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital. The payments company also persuaded 500 Startups and Liquid 2 Ventures—co-founded by Joe Montana—to join the round. Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what […]

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Africa Roundup: Jumia files for IPO, OneFi acquires Amplify, FlexClub expands in Mexico

Less than a decade ago IPOs, acquisitions, and global expansion by African startups were more possibility than reality. March saw all three from the continent’s tech scene. Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange, per SEC documents and confirmation from chief executive Sacha Poignonnec. In an updated filing, […]

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Online catering marketplace ezCater gets another $150M at a $1.25B valuation

Lightspeed Venture Partners and GIC have co-led the investment in ezCater only 10 months after its $100 million Series D.

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Late-blooming startups can still thrive

Joanna Glasner Contributor More posts by this contributor Corporate bio VCs are backing more rounds and making bigger bets Front-door tech is hot, and it’s not just Amazon who wants in It seems like startup news is full of overnight success stories and sudden failures, like the scooter rental company that went from zero to […]

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Mobile delivers high exit multiples despite broader market slowdown

 In the world of mobile apps, numbers come in two sizes: big and bigger. More than one billion people use Facebook’s mobile app every day. But what about the financial side of the mobile business; specifically, venture investment and returns? By looking at the numbers behind two different ends of the startup life cycle, a reasonable understanding of the mobile market today can be had. Read More

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China’s JD partners with accelerator program Plug and Play to reach US startups

 E-commerce giant JD.com, the closest rival to Alibaba in China, is broadening its presence in Silicon Valley after it announced a collaboration with accelerator firm Plug and Play to seek out and work with promising U.S. startups. The e-commerce giant said it will share technologies, including AI, cloud and smart supply chain tech, with the program generally and work together to launch a… Read More

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Petuum secures $93M Series B to push AI into the mainstream

 With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital.
Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… Read More

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