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UK-based software testing startup Virtuoso has raised a $13.3 million Series A round led by Paladin Capital. The round was joined by Mubadala Capital as well as existing UK investors Crane Venture Partners, Forward Partners, and Downing Ventures.  Virtuoso says its SaaS software testing platform, which launched in 2019, uses machine learning and Robotic Process
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The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as quality concerns; as fake and substandard products flood the market. Yet, these issues facing the supply chain are fixable. Chibuzo Opara and Adham Yehia, being all too familiar with the problems of poor pharmaceutical supply
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Kilo, a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In Vietnam, micro, small and medium enterprises are the backbone of the retail economy — serving 80% of all purchases,” CEO and founder of Kilo Kartick Narayan said. Kilo’s
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The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. A Seoul-based proptech startup called Rsquare built a data-driven platform to digitize the process, enabling tenants to compare multiple properties and find an office.
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The last 20 months of living in the midst of Covid-19, with all its unexpected developments, have been a challenge for many organizations when it comes to planning for the future. But that has also presented an opportunity for tech: build tools to make planning and forecasting, even in the midst of a pandemic, easier
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Joe Hellerstein Contributor Joe Hellerstein is co-founder and chief strategy officer of Trifacta and the Jim Gray Chair of Computer Science at UC Berkeley. In February 2010, The Economist published a report called “Data, data everywhere.” Little did we know then just how simple the data landscape actually was. That is, comparatively speaking, when you
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Daniel Cossío Contributor Latin American farms and fields produce a lot of food, but 47 million people still remain hungry. The region accounts for about a quarter of global exports in agricultural and fisheries products, including fruits and vegetables, salmon, maize, sugar and coffee. The agricultural sector is crucial for Latin American livelihoods, contributing to
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Oxygen, a startup that is bringing digital banking services to freelancers and micro- and small-sized businesses, is in talks to raise a new round at a valuation of over $500 million, two sources familiar with the matter told me. The San Francisco-headquartered firm is in advanced stages of talks to raise about $70 million, the
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Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines! This is our Friday show, a roundup of the week’s biggest and most fascinating stories from startups, venture capital and technology. Natasha and Alex along with Grace and Chris had to cut
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Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa have invested $3.4 million (€3 million) in electric motorcycle startup Zembo to help it grow its business. Zembo, a French startup with operations in Uganda was founded in 2018 and sells electric motorcycles through
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The global venture capital market is increasingly active, but few locales are seeing the sort of investment acceleration that African startups are enjoying this year. New data indicates that African startups have already outraised all known prior years, meaning 2021 is sure to be a record. But, more importantly, the pace at which African startups
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Back when most commerce took place on the local high street, shoppers who exchanged personally identifiable information with merchants received something in return. Shops kept track of customers’ hat, shoe and dress sizes, along with their birthdays, anniversaries and personal preferences. In return, buyers got a first look at new products and service that anticipated
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Nestled in Rivian’s S-1 IPO filings was a note that there the EV company’s “cornerstone investors” had “indicated an interest” in buying up to $5 billion worth of its stock at its IPO price. One of those parties was Amazon, and the American e-commerce giant appears to have pulled the trigger Friday afternoon on its
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Husband-and-wife co-founders Daniel and Brenna Stitzel are developing a way for foodies to monetize their culinary creations and closed on a round of $1.5 million in pre-seed funding to officially launch Foody. The investment was led by Serena Ventures, with Goodwater Capital and a group of angel investors joining, including Patreon’s Jack Conte, former Postmates
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