Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial [...]
Category: funding
Facetune maker Lightricks raises $130 million ahead of M&A plans
Facetune developer Lightricks, which operates over a dozen subscription-based photo and video editing apps across iOS and Android, now has $130 million in new funding to further grow its business. The company’s newly announced Series [...]
FloBiz raises $31 million to scale its neobank for small businesses in India
FloBiz, an Indian startup that is building a neobank for small- and medium-sized businesses in the South Asian market, said on Monday it has raised $31 million in a new financing round as it works to broaden its product offerings.
Sequoia Capital India and Think Investments co-led the 18-month-old [...]
1 change that can fix the VC funding crisis for women founders
Claire Diaz-Ortiz is a venture capitalist and author of nine books that have been translated into 11 languages. Her next book is on women founders and funders. An early employee at Twitter, Wired once called her “The Woman Who Got the Pope on Twitter.”
More posts by this contributor
- The rise of the winged pink unicorn
- Latin America takes the global lead in VC directed to female co-founders
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p id=”speakable-summary”>The venture capital industry as we know it is broken. At least for women, that is.
In terms of funding to women founders, 2020 was among the worst years on record. On a global level, only 9% of all funds deployed to technology startups went to founding teams [...]
Tiger Global-led $100M investment makes Apna India’s fastest unicorn
A 22-month-old startup that is helping millions of blue- and gray-collar workers in India learn new skills and find jobs has become the youngest firm to join the coveted unicorn status in the world’s second-largest internet market.
Apna announced on Thursday that it [...]
Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology
The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge [...]
India’s Groww in talks to raise funds at a $3 billion valuation
Groww, an Indian startup that is helping millennials invest in mutual funds and stocks, is in advanced stages of talks to raise a new financing round at a $3 billion valuation, according to six people familiar with the matter.
The Bangalore-based startup is negotiating to close a $250 million round, [...]
Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company
GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the grocery supply chain
When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns [...]
MarginEdge, a restaurant management software company, raises $18M
MarginEdge announced Monday it raised $18 million in Series B funding to give restaurant operators a real-time view into their costs.
Co-founder and CEO Bo Davis founded the company with Roy Phillips and Brian Mills in 2015. Both Davis and Phillips are veterans of the restaurant industry: Davis was [...]