Month: December 2021

Blockstream CSO Samson Mow talks with Bloomberg’s Caroline Hyde about his involvement with El Salvador’s plans to construct a “Bitcoin City” and issue the world’s first sovereign Bitcoin bonds. He joins “Bloomberg Technology” from the Conchagua volcano in El Salvador – the energy of which will be used to power the “Bitcoin City.”
0 Comments
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died down. Flink, the Berlin-based startup that sells food and other essentials at supermarket prices and aims to deliver them
0 Comments
Grocery delivery startup Tiggy is a new player in the Canadian quick commerce space, announcing Friday $6.35 million in seed funding to get its dark stores up-and-running to accommodate 15-minute deliveries. E-commerce sales are a $29 billion market in Canada, but food delivery is still nascent. Eugene Bisovka and Razmik Sukyasov co-founded Vancouver-based Tiggy in
0 Comments
While most of the market is focused on building and selling 5G infrastructure, an important piece that is overlooked is the application development on 5G networks, according to Vivek Ladsariya, general partner at SineWave Ventures. That’s what makes him excited to support a company like Shabodi. “Application developers have always wanted to abstract away network
0 Comments
As I wrote earlier this year, Deed‘s mission is a clearcut one: take the employee giving/charity/volunteer program that many big companies have, and make it better. Give it a proper home — one with a modern UI, built-in community management tools, and that hooks into your workflow (read: Slack) so as to not be forgotten.
0 Comments
First Resonance makes software for making hardware. The company’s Ion platform provides an all-in-one option for anyone who has to manage manufacturing lines, supply chains, engineering and design, among other things. Now, with $14M in new funding, the company aims to scale up its presence and make a full-court press on the hardware makers of
0 Comments
Jonathan Metrick Contributor Jonathan Metrick is the chief growth officer at Sagard & Portage Ventures, where he helps build some of the world’s leading fintech companies. More posts by this contributor Use cohort analysis to drive smarter startup growth Simon Lejeune Contributor Simon Lejeune leads user acquisition at Wealthsimple, the largest fintech in Canada. The
0 Comments
A new report from early-stage venture capital firm Work-Bench confirmed what you probably already know: Startups with women founders are getting a mere sliver of the overall funding pie. What’s more, the percentages are far worse in the enterprise, where Work-Bench tends to invest. The numbers, which were based on Work-Bench research along with data from
0 Comments
Tradeshift — the late-stage startup tackling supply chain financing — has announced a $200 million funding round in equity and debt from a combination of existing and new investors, including Koch Industries, the giant industrial conglomerate. Also participating were IDC Ventures, LUN Partners, Private Shares, and Fuel Capital who increased their existing stakes in the
0 Comments
Draper Associates founder Tim Draper says Bitcoin represents “trust and freedom” in the fiat currency world and is a great hedge against inflation. Draper also says he sees cryptocurrencies slowly taking over every industry. He speaks with Bloomberg’s Amanda Lang and Taylor Riggs on “Bloomberg Markets.”
0 Comments
Resolve, which specializes in “buy now, pay later” capabilities for B2B transactions, announced today that it has raised $25 million in equity funding. The investment comes just months after the company secured a combined $60 million asset and equity financing. Insight Partners led its latest round, which also included participation from existing backers Initialized Capital,
0 Comments
Italy’s competition authority announced that it had fined Amazon €1.129 billion, or roughly $1.3 billion at today’s exchange rate. According to the antitrust watchdog, Amazon has abused its dominant market position and pushed third-party sellers to use the company’s logistics service ‘Fulfillment by Amazon’ (FBA). The Italian authority, the Autorità Garante della Concorrenza e del
0 Comments
Two months after its seed round announcement, Singapore-based startup Upmesh has raised a $7.5 million pre-Series A round led by Monk’s Hill Ventures. The new funding brings its total raised so far to $10.5 million.   Upmesh will use the pre-Series A funding to expand its regional presence in Southeast Asia and launch its first Instagram
0 Comments
Digital identity startup Passbase, which offers SDKs for running remote identity checks, has raised $10 million in Series A funding as it dials up attention on crypto compliance — touting tools to help fintechs with rapidly evolving regulatory requirements. The funding is led by Costanoa Ventures, with participation from Lakestar, Eniac Ventures, Cowboy Ventures, and
0 Comments
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. The startup’s trajectory has been steep, as its clientele shot up from two to 50 in just over two
0 Comments