A global venture capital firm, famous in both the financial and technology scene, 500 startups back a wide range of companies and has managed, thus far, to maintain its exponential presence in the global market. Providing the needed financial support to rising tech startups, 500 Startups fixates on high-level criteria when looking for rising startups […]
Startups
When a country suffers from its worst ever economic crisis, initiatives pour in to bring it out of the brinks of total collapse. Financial assistance, humanitarian aid, and increasing solidarity within the community are typical avenues to alleviate the significant sequels of the crisis. As Lebanon has been going through its darkest years, with an […]
International tech powerhouse Microsoft announced Wednesday new initiatives to speed up the development of 10,000 African startups and quick-track investment in Africa’s startup environment during the next five years. According to the tech giant’s announcement, the new initiatives will be responsible for its recently established Africa Transformation Office (ATO). As such, the Founders Hub […]
In a report released by the Tony Blair Institute for Global Change, Africa could be taking the lead in securing whopping funding exceeding $90 billion by 2030 for tech startups, once policymakers drive growth by trailing essential reforms. The British institute estimated in its report a business-as-usual scenario compared to an enhanced policy-environment scenario by […]
Kenya-based Business to Customer e-commerce company, Copia Global, secured a $50 million funding in a Series C equity round directed by Amsterdam-based Goodwell investments. The financing round admits a variety of investors, including “Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), Koa Labs, Loghtrock, German development finance institution (DEG), and Perivoli Innovations,” according […]
Two early-stage investors riding the modernization wave of the African continent have expressed interest in listing a blank-check company focusing on technology companies in the region. Vishal Agarwal, an investment banker, and Raj Kulasinggam, a corporate lawyer, are seeking out the possibility of pouring investments into Africa, following the success of similar investors in companies […]
China is keeping up with the rapid speed of technological development, and Beijing is aligning its vision to become the world’s biggest economy with heavy investments into its sector’s core technology startups. According to the Wall Street Journal, China is restraining the influence of what once were the leading tech companies in the country, and at some point globally, […]
With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn. The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India. Founded in 2015, […]
The popular South by Southwest cultural event, a virtual gathering this year, has announced the winner of the Pitch Event, as part of the SXSW Online digital event, with innovative recipients ranging from AI to wearable startups. “Now in our 13th year of programming, Pitch continues to showcase the best technology from around the world, […]