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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.

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Bloomreach raises $150M on $900M valuation and acquires Exponea

TechCrunch

It also gains 250 net new customers, giving it a total of 750. “We have a common vision and common sort of product direction. […] Both companies are data-driven optimization technologies[…] and both are entrepreneurial product-driven companies,” he said.

eCommerce 258
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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Given Sudan’s very nascent tech ecosystem — Bloom is the country’s second venture-backed startup in over 30 years and YC’s first in the country — it’ll be interesting to see if the startup, with heavyweight founders, can achieve success and open up the Sudanese tech ecosystem. Founded in: 2016.

.Net 228
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Extra Crunch roundup: Lordstown Motors’ woes, how co-CEOs work, Brian Chesky interview

TechCrunch

Expenses were higher than expected, it plans to slash production by about 50%, and the company reported zero revenue and a net loss of $125 million. As I described in Part 2 of this EC-1 , that staffing efficiency is partly due to its culture and who it hires. Oh, it also needs more capital. ” Dogs of Lordstown.

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Virtual HQs race to win over a remote-work-fatigued market

TechCrunch

By drawing on multiplayer gaming culture, the startups are using spatial technology, animations and productivity tools to create a metaverse dedicated to work. Succulents and spatial technology. Both founders, since the age of 15, have spent time building Minecraft servers to sell to gamers, netting each thousands of dollars a month.

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Better.com CEO Vishal Garg returns to work amid controversy regarding his leadership

TechCrunch

After a month-long “ break ,” Better.com CEO Vishal Garg is back at the helm of the mortgage tech company he co-founded in 2016, according to an internal memo that circulated today that has been shared with TechCrunch. You are a bunch of DUMB DOLPHINS and…DUMB DOLPHINS get caught in nets and eaten by sharks. SO STOP IT.