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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. ” Badamosi, who returned to Nigeria from the UK in 2015, worked as the general manager for Starta Africa, an online community for African tech entrepreneurs. .”

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.

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HackerOne buys YC-backed PullRequest to add code review to bug-squashing platform

TechCrunch

PullRequest , a five year old startup that came out of Y Combinator in 2017 , helps software developers by providing an external code review team. PullRequest expands that capability by having a group of qualified code reviewers on call, who can detect a bug even before it gets into production. The deal closed last week.

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This startup wants to use technology to help solve Austin’s housing shortage problem

TechCrunch

One result of this continued migration is a steady surge in housing prices due to increased demand and low inventory that dropped to nearly zero earlier this year. CEO Nikki Pechet and Atomic managing partner Jack Abraham founded the company in 2017 after Abraham lost his home to wildfires.

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Backbone nabs $14M for supply chain software inspired by mesh networks

TechCrunch

Vic Patil thinks the solution lies in a “mesh” — specifically what he calls a “supply mesh,” inspired by the way wireless mesh networks function. Backbone today announced that it raised $14 million in seed funding from Nautilus Ventures, 12/12 Ventures, and individual investors to prove out its technology.

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10 fastest growing US tech hubs for IT talent

CIO

Tech salaries are on the rise thanks to a demand for talent across nearly every industry. between 2021 and 2022, reaching an average tech salary of $111,348 per year, according to the 2023 Dice Tech Salary Report. But you don’t have to live in Silicon Valley to earn a high-tech salary. Salaries increased 2.3% Tampa, Fla.

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Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology

TechCrunch

And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. When the pair started the company in 2017, the idea behind Releaf was not concrete yet as the team, based in the U.S.,