Month: December 2021

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. It’s just about Christmas, which means you may be stuck with family at the moment. Regardless of what, if any, holidays you may celebrate, there’s good chance that there are more people around
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Charlie Graham-Brown Contributor Charlie Graham-Brown is the partner and Chief Investments Officer of Seedstars, a Swiss-based group with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. He leads the group’s venture capital fund, Seedstars International, which invests in seed-stage startups across emerging markets. Daniela Moreno Contributor Daniela Moreno is the
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Brazilian construction tech startup Ambar announced it has raised a large Series C round: R$204 million, approximately $36 million at today’s mid-market rate. The round was co-led by Brazil-based Echo Capital and Oria Capital, with participation from TPG Capital, Argonautic Ventures, and others. Ambar was created in 2013 with the ambition to leverage technology to
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Jamie Viggiano Contributor Jamie Viggiano is the chief marketing officer at Fuel Capital, an early-stage venture capital firm investing in consumer, SaaS and infrastructure businesses. More posts by this contributor Carve out a place for your brand with a positioning statement Create target customer personas to develop successful growth strategies It’s not enough to identify
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Automation Anywhere, which is best known for its robotic process automation (RPA) software, plans to expand the platform. This morning, the company announced that it intends to acquire process discovery startup FortressIQ. The companies did not reveal the purchase price. FortressIQ gives Automation Anywhere this missing process discovery component, which enables AI-fueled software to map
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Calibrate Ventures, a four-year-old early-stage venture capital firm backing startups leveraging artificial intelligence and automation, debuted its second fund, a $97 million vehicle that is about 25% higher than its previous fund. With Calibrate Fund II, the firm has $175 million in assets under management, co-founder and managing partner Jason Schoettler told TechCrunch. The firm
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South Korean chipmaker SK Hynix said on Wednesday it has received merger clearance from the Chinese antitrust authority for its $9 billion acquisition of Intel Corp’s NAND and SSD (solid-state drive) business, clearing the final hurdle to completion of securing regulatory approval in eight jurisdictions.  Last October, the U.S. chip giant and SK Hynix reached the
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Amazon is seeking Indian antitrust watchdog’s approval to buy Catamaran Ventures’ stake in Prione, which operates one of the largest sellers on the e-commerce platform, months after the two firms said they won’t renew their joint venture after May next year. The announcement comes as a surprise as Catamaran owns 76% stake in Prione. Amazon
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Ocurate, a startup using artificial intelligence to predict customer lifetime value for e-commerce businesses, took in an oversubscribed seed round of $3.5 million. Backers in the round include 8-Bit Capital, DCF Capital, Data Community Fund, AIX Ventures, Italmobiliare, Streamlined Ventures and some individual strategic angel investors like Adam Metzger and Mazen Al-Jubeir. Tobi Konitzer, founder
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German on-demand delivery giant Delivery Hero is pulling its food delivery service out of Germany again. At the same time it has announced it will exit the Japanese market, by divesting Foodpanda Japan, starting in Q1 next year. In a statement accompanying the pre-Christmas exit news, the company’s CEO and co-founder, Niklas Östberg, said: “Scaling
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Jamie Viggiano Contributor Jamie Viggiano is the chief marketing officer at Fuel Capital, an early-stage venture capital firm investing in consumer, SaaS and infrastructure businesses. More posts by this contributor Create target customer personas to develop successful growth strategies Start building your brand book with a visioning workshop It’s human nature to reflexively categorize and
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Serial fintech entrepreneur Walter Cruttenden founded Acorns with his son, Jeff, in 2012 with the goal of helping low- and middle-income households to invest and save responsibly. The pair wanted to simplify investing for the millions that have trouble getting started or continuing to invest. Then in 2018, Walter went live with a new company
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Enterprise software giant Sage has acquired the remaining stake in Brightpearl, originally a UK-based startup in cloud retail management, for $340m. Brightpearl provides a SaaS-based retail operating system, enabling real-time business insights. Sage previously owned 17% of the Bristol, UK-based startup, which MMC Ventures, a UK Series A investor, backed in 2014. The startup had
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Ampla Technologies, a startup which provides financing to small-to-medium sized consumer-facing businesses, announced today it has raised $40 million in a Series A round of funding co-led by VMG Partners and Forerunner Ventures. Existing backer Core Innovation Capital also put money in the round. In conjunction with the equity investment, Ampla has also secured $250
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European startup and venture capital data company Dealroom has raised a €6 million Series A, it told TechCrunch. The company’s new capital comes nearly two years after it raised €2.75 million in early 2020. Its database competes with a number of rivals in North America, including PitchBook, CB Insights, and my former employer Crunchbase. Beringea
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