Month: November 2021

Elon Musk asked on Twitter whether he should sell 10% of his stake in Tesla Inc., and a majority of his social media followers said they’d support such a sale. Su Keenan reports on “Bloomberg Daybreak: Australia.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg
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Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa’s largest digital payments network MFS Africa joins the fray. The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. Private equity fund AfricInvest FIVE co-led the Series
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Kenyan edtech startup Craydel, a platform for comparing colleges, course options and tuition fees, has secured $1 million in a pre-seed round that will go toward improving its search and recommendation technology and enhancing its online resources.  The round was led by Enza Capital, a private venture fund that invests in early-stage tech startups across
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Meet Amenitiz, a Barcelona-based startup that describes its products as the operating system for independent hoteliers, B&Bs and cottages. In more technical terms, Amenitiz has been building a vertical software-as-a-service product that combines everything you need to run a hotel. The company just raised a $7.5 million (€6.5 million) seed round led by Point Nine.
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The unprecedented rush of venture capital into startups is having an interesting knock-on effect: “Venture capital investors are racing to pay more to buy smaller pieces of startups that are less profitable than before,” writes Alex Wilhelm, who studied Silicon Valley Bank’s State of the Markets Report Q4 2021. Full TechCrunch+ articles are only available
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Discord is already the de facto home for NFT communities, but the company could be planning to deepen those connections in a big way. On Monday, Discord founder and CEO Jason Citron tweeted a screenshot depicting Discord integrated with popular crypto wallet service MetaMask and WalletConnect, an open protocol that many mobile crypto wallets are
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On-demand delivery giant DoorDash announced Tuesday it was acquiring food delivery company Wolt in an all-stock deal valued at €7 billion, or $8.1 billion. Talking about the acquisition, Tony Xu, co-founder and CEO of DoorDash said in a statement that the move “will accelerate our product development, bring greater focus to each of our markets
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Content publishing platform Medium is acquiring a small startup called Projector. As part of the deal, the entire Projector team is joining Medium with Projector’s co-founder and CEO Trevor O’Brien becoming Medium’s Chief Product Officer. If you’re not familiar with Projector, the company has been building a browser-based graphic design tool. In just a few
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Sweetgreen, a fast-casual restaurant chain that attracted ample venture capital during its life as a private company, set early terms for its IPO this morning. The well-known salad-slinger expects to sell stock in its public market debut at a range of $23 to $25 per share. Inclusive of shares reserved for its underwriting banks, Sweetgreen is
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Two weeks ago, 50 iconic founders and investors shared their insights on how the world can tackle the planetary “Code Red” with over 2,000 participants at the inaugural SOSV Climate Tech Summit. Here are key takeaways from over 16 hours of programming. It’s not clean tech 2.0 Is it another clean tech bubble? While the
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The biggest players in the Earth observation industry use imaging satellites to deliver intelligence and analytics, but startup HawkEye 360 is taking a different tack. The company monitors radio frequency (RF) signals, like those emitted by marine radios or emergency beacons, on the premise that invisible electromagnetic spectrum is as ripe for information as the
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Doug Petkanics Contributor Doug Petkanics is the CEO of Livepeer, an open video infrastructure for livestreaming. From imbalanced creator economics and poor security, to centralized control and disgruntled communities — Web 2.0’s flaws have been on full display these past couple of months. First, former Facebook product manager Frances Haugen testified to Congress last month
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