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Since InMotion Ventures , the independent investment and incubation initiative set up by Jaguar Land Rover , launched in 2016 the firm has focused on backing companies across the mobility space broadly. As the mobility market moves to embrace electrification, InMotion wants to make sure its portfolio is in the mix.
Pursuit has raised $10 million in funding for a promising and potentially self-sustaining new model for training up new tech workers in which learners only pay when they land a real position. “It means we’ll be able to help a thousand people over the next few years, and it makes us financially self-sustaining.
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
While Flutterwave has been rumoured to acquire some startups in the past, this is its first public announcement of any acquisition since launching in 2016 to tackle Africa’s payments problems. With Flutterwave, we now have a way to drive both value for creators and revenue to sustain the business.
What were seeing is in line with much of the research, including what IDC has published in relation to the costs about compute, cooling and sustainability. With this tool, genAI allows customers to ask questions like, Help me reduce the physical footprint by 30% or How do I drive my go-to-market timeline to three months shorter?
capital markets by storm led, in part, by startups focused on the electrification of mobility. Sustainability is at the core of everything we do, and we work hard to lower our emissions across the board. trucking market alone. Autonomous trucking startup Einride eyes US market with $25 million in new funding.
Businesses have long understood that simplifying and centralizing operations can reduce costs, break down silos, and foster collaboration and sustainability. Market shifts, mergers, geopolitical events, and the pandemic have further driven IT to deploy point solutions, increasing complexity.
Wallapop has confirmed that the funding is coming at a valuation of €690 million ($840 million) — a significant jump on the $570 million valuations sources close to the company gave us in 2016. By 2016, Wallapop was merging with a rival, LetGo , as part of a bigger strategy to crack the U.S. market (with more capital in tow).
Darabi co-founded TMV (formerly Trail Mix Ventures) in 2016 and has built a portfolio that is majority women- and minority-owned, including employee wellness platform Bravely, holistic healthcare company Parsley Health and waste reduction upstart Ridwell. TMV is often the first institutional check a company might raise.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. Dino Ying, VSPN CEO. Image via VSPN.
IROKO , a Nigerian-based media company, could file to go public in the next 12 months on the London Stock Exchange (LSE) Alternative Investment Market. But amid pandemic-induced lockdown fears, consumer discretionary spending reduced in Nigeria and other African markets. Africa can list more gazelles at home than unicorn IPOs abroad.
The auto refinance market in the United States is $40 billion. MotoRefi has raised $60 million since its inception in 2016. Bennett believes the company is now in self-sustaining position. Goldman Sach’s VP of venture capital and growth equity Jade Mandel has joined MotoRefi’s board.
Egyptian proptech startup Nawy , which began life in 2016 as an AI-driven property, listing has grown to offer brokerage services, supporting the closing of property deals. Nawy is now set to introduce in its catalog a mortgage service for pre-owned property, to serve a market that is predominantly shunned by traditional lenders.
Their company, Cambridge Glycoscience could claim a huge slice of a market worth at least a $100 billion market, they said. “Sugar is a massive consumer of water and in contrast, there’s big sustainability pitch for what we do. That’s made form a sustainable source but also biodegradable.”
In October 2022, after completing the acquisition of Twitter, Elon Musk asked his team to work toward bringing Vine back to market. It’s likely that the team at Twitter could define and ship a perfectly designed app and not even make a dent in TikTok’s market share. If they did data streaming at all, it was likely built in-house.
Since the 2016 presidential election in the U.S., Allbirds , for example, launched in a few sustainable materials using a pro-sustainability process to manufacture comfortable shoes, quickly reaching revenues of $100 million and valuation of $1.7 billion in an industry fraught with sustainability and human rights concerns.
Kenya-based agritech Apollo Agriculture , which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. The agritech is scouting for growth opportunities in East and West Africa. “We
A conversation that I’ve been having over the last week is that startups are finally investing in community in a meaningful way, dedicating actual budgets to community instead of simply stealing a few dollars away from the sales and marketing team. Market map of community tools. Image Credits: Commsor. Seen on EC.
While countless companies are developing alternative and more sustainable ways for humans to get their protein fixes such as through lab-grown meat , others are tackling the underlying problem from a different angle by exploring new ways of fostering the traditional meat and fish populace through insect protein. Growth industry.
Olive founder Nate Faust, who previously co-founded Jet.com and then sold the company to Walmart in 2016, told TechCrunch he saw where consumer behavior was shifting: more of a “buy, buy, purge,” behavior, where people buy until their closets bulge and then they get rid of clothes so they can buy more.
Ellen DeGeneres, Portia de Rossi, Shaun White and Shawn Mendes are the new backers, who came in through a strategic round of funding alongside PLUS Capital to bring the Seattle-based company’s total funding to $60 million since the company’s inception in 2016. This includes a $12 million Series A from 2020.
Burrow participated in the Y Combinator accelerator in 2016 with an initial aim of building sofas that, by virtue of being modular, were easier to move and adapt to a variety of living spaces. “The goal is to match the largest customer needs with the biggest market opportunities,” Kuhl said.
Pylon , an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. Part of the seed investment will allow Pylon to expand to other countries in emerging markets, including Southeast Asia, Latin America and Africa. government. Here’s how it works.
Darabi founded TMV, formerly Trail Mix Ventures, in 2016, and has built a portfolio that is majority women and minority-owned, including employee wellness platform Bravely, holistic healthcare company Parsley Health and waste reduction upstart Ridwell. TMV is often the first institutional check that a company might raise.
Ayeni has a similar function at Helios Digital Ventures: to spot and back disruptive startups in frontier markets, particularly in Africa and the Middle East. . What we’re trying to do from a strategy perspective is to say what sectors are large enough from an addressable market point of view and affect or impact the mass market.”.
But unlike its rivals, the startup focuses far less on marketing and isn’t raising a new round every few months. As long as you are able to innovate for students and deliver value, nothing can prevent you from creating a long-term sustainable company. So our orientation has always been long-term,” he said. “As
Jigsaw has some 150,000+ registered users across those two markets at this point, with 50,000 in the U.S. “It exists as you say to encourage more meaningful/sustained interactions and to help users look beyond the looks.” in November last year. in November last year. users in the next six months. .
Other fungicides on the market today require seven days before re-entry and pre-harvest, Uknes explained. We want to feed the world responsibly, and these products have the ability to substitute for synthetic chemicals and provide growers a way to protect their crops, especially as consumers want natural, sustainable tools,” he added.
representing the latest in a line of European market expansions. “With this initial deployment, we’re looking forward to better understanding the potential role electric trucks can play in our transport operations,” Archana Jagannathan, PepsiCo UK’s head of sustainability, said in a statement. Its first U.K.
Micromax Informatics once had a firm grip on the local mobile phone market in India, for a time passing stalwarts like Samsung, icons like Apple and many more to be the biggest handset maker of them all. It wasn’t enough, though, and by 2016, Taneja was out. ” Micromax was challenged also due to a state-level move.
The influence of logistical operations on products leads to various problems for operators, from inconsistent pricing, which stems from a fragmented supply and demand market, to paper documentation and little or no access to financing. For comparison, it’s 6% in the U.S.
Founded in 2016, Roami sprung from King-Geovanis’s belief that travelers should not be forced to choose between two flawed options: cramped and expensive hotel rooms or inconsistent and unpredictable vacation rentals. .” ” Bold words for a company backed by $29 million taking on Airbnb and its $81 billion market cap.
The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5 billion in the South Asian market since inception, TechCrunch reported last year. “We have seen incremental profit margins on market leaders be fabulous. A slide from Tiger Global’s presentation.
Insurtech companies have been among the biggest victims of the public market selloff, especially those that went public in 2021. “I do not believe the insurtech market to be dead, because it is still a multi-billion-dollar market,” Hélène Falchier, partner at Portage Ventures, told TechCrunch.
Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. Physically, the Chinese market also differs greatly from much of the developed West.
In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. The goal is to grow that number by 5% to 10% by the end of the year, Hoag says, barring unforeseen market turbulence.
Affirm also raised more than $400 million in earlier equity rounds, and a $100 million debt line in late 2016. Our first-read take is that Affirm is coming out of the private markets as a healthier business than the average unicorn. What to make of the filing?
Since 2016, we have reduced all our emissions by 51%, and in our primary markets, 100% of the electricity we consume comes from renewable sources. Our genuine commitment to sustainability enables us to address those requirements effectively and directly across industries.”
After announcing 17,000 reservations last November for the Lucid Air, the company’s luxury sedan that boasts a long range and the largest shudders “frunk” on the market, customer reservations topped 25,000 as of Monday, reflecting potential sales of more than $2.4 Reservations and capacity. billion investment in 2018.
A former editor-in-chief at The Next Web, Bryant has “run a newsletter in some form since 2016,” he said. “For something like this that is providing business value, there’s a lot to be said for a paid subscription model … and it provides a sustainable way of running the newsletter.” Diversified deal flow.
Abundant Robotics (2016-2021). While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business,” he wrote. Total raised: $12 million. Image Credits: Abundant. It even got some Y Combinator startups on board.
As part of Microsoft’s development team, Sun created Bing Predicts, the inference engine that provides the “favored to win” forecasts beneath search results for sporting fixtures and attempted to predict the 2016 US presidential election winner. Spoiler alert: it failed.)
After the sale, Conlon and Broe say that they saw a gap in the market to address cargo theft in a more innovative way, harnessing data, telemetry and software. ” So in 2016, Conlon and Broe co-launched Overhaul , which provides visibility software that attempts to anticipate and mitigate freight shipping delays.
Founded by CEO Basha Rubin and CPO Mirra Levitt (who met while classmates at Yale Law School), Priori launched as a legal marketplace for small and medium businesses before finding its current model in 2016. to help lawyers market themselves. Lawmatics raises $2.5M
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