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Thats why tech leaders need solutions now, not months from now. Thats an eternity in tech terms ; by the time a deal is signed, market conditions may have changed, new competitors emerged, or the solution itself evolved. See also: How AI is empowering tech leaders and transforming procurement. )
We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.” Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.
Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Another publication stated the founders had not been reporting to the board, its representatives and shareholders during on-site in-person duediligence for a potential merger. .
One of the earliest in the space, Nigerian B2B e-commerce platform TradeDepot , raised a combined $110 million in debt and equity. Due to the pandemic, Akinin’s construction company embarked on a COVID relief program to donate food supplies in Namibia. Then, he stumbled on the country’s B2B e-commerce retail opportunity. “We
Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns. The startup has secured $4.2 million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8
Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. It’s an absolutely different environment from Q4 of last year,” he said, “not just in terms of the level of diligence but also, in the access to capital. And in his view, and mine quite frankly, that’s not a bad thing.
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.
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.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
Today marks the beginning of the next payments revolution, making existing B2B payment processes obsolete, and redefining what billing, collections and payments should look like in the modern world. But these challenges can be eliminated using technology.
Accord launches B2B sales platform with $6M seed. The company’s target market is technology startups, but Ross Rich said Accord is now attracting interest from medical device companies and others where there is no software that bridges the gap between external parties. Before COVID, you could go onsite, but now you can’t do that.
Today, Bosch announced that it would be acquiring Five.ai , the autonomous driving startup that started with big ambitions to build and operate its own fleet of robotaxis but ultimately pivoted to focusing on technology development as a B2B play. Scale matters in building automated driving technology.
The data shows that they developed their skills at tech giants, elite universities and even military organizations. From employees to entrepreneurs One quarter of unicorn founders previously worked in scientific research or technology development. Tech giants serve as particularly effective training grounds.
However, it appears that even though VCs are proceeding more cautiously than before and taking their time with duediligence, they are still investing. Spoiler alert: B2B payments and infrastructure remain on fire and most investors expect to see more flat and down rounds this year. How many will not manage the task in 2023?
Terraa , a Moroccan B2Btech-enabled food distribution platform, has raised $1.5 Morocco is our priority at the moment, and we are building the playbook in terms of operations, building our tech and expanding in cities. They work out of habits, and don’t use any best practices in terms of operations or technology.
Artificial Intelligence (AI) is revolutionizing B2B e-commerce, enabling capabilities such as personalized product recommendations, dynamic pricing, and predictive analytics. As AI adoption grows, B2B companies must address data quality issues to leverage AI’s benefits fully.
. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”
A new company is looking to do for B2B hardware sales what a growing number of companies have been doing in the consumer sphere, by making it easier for businesses to pay for equipment in instalments through rentals and subscriptions. million in funding to do something similar for B2B transactions. Access over ownership.
Duediligence was a big topic in 2022 for a variety of reasons. But duediligence doesn’t just apply to investors pouring money into startups, or companies acquiring other companies. We do this by automating the review of a business’s online and offline footprint,” Hakimian told TechCrunch in an interview. “We
Sarah writes that the social media giant is seeing a spike in one-star reviews, which include calling for its removal. Go on, another handful for ya: They just want to stay involvo : Frederic reports that Volvo Cars Tech Fund invests in driver monitoring startup CorrActions. Big Tech Inc. You can sign up here. Kirsten has more.
Melalite Ayenew is the firm’s tech partner. “Our process is very hands-on; by working with the co-founders over several months, we get the opportunity to help shape the business models and perform extensive duediligence before investing,” Nielsen said to TechCrunch. ”
When young (or youngish) people think of age-tech, they may picture mostly clinical solutions—telemedicine platforms, for instance. Goalsetter raises $15 million to go B2B with children’s financial literacy app. Growing older, however, doesn’t just have a physical component.
But APIs do more than support next-generation technologies — they already serve a foundational purpose within most enterprises. As enablers for the integration of data and business services across platforms, APIs are very aligned with current tech trends,” says Antonio Vázquez, CIO of software company Bizagi.
Oracle CX Unity CDP now has industry accelerators for high tech, industrial manufacturing, professional services, telecommunications, utilities, financial services, travel, and retail,” Rachelson added. Due to this combination, enterprises can offer their customers an assisted buying experience, the vice president explained.
The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. But he doesn’t see them as direct competitors, pointing out that Vartana’s model hinges on delivering financing to buyers and targeting late-stage tech companies.
Previously, he was a B2B SaaS sales leader at both InVision and HubSpot. Companies are hitting a considerable inflection point when it comes to how they assemble and manage their software tech stack. That said, few parts of your tech stack will have as much exposure as your software license renewals. Share on Twitter.
Launching a B2B product within a B2C company presents distinct challenges as you attempt to strike a balance between successfully establishing a new product and maintaining your original business. No one claims it’s easy, but it is doable once you understand what’s necessary for a successful B2B expansion.
Costanoa’s focus today is applied AI and AI infrastructure, and B2B fintech. The firm incubated Vannevar Labs in 2019, before defense tech and AI were as popular as they are today. Combine those technologies, and you start to get some very interesting and complex outputs, Sands said.
Today’s news is from Alerzo , a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. Alerzo owns and operates its full-stack tech-driven supply chain and logistics to process these orders. Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain. The company is announcing a $10.5
As reported by Life Insurance International: “Level has created a tech-driven underwriting process for early-stage fintech startups that is claimed to have brought new efficiency and speed to the debt-raising process. He told me: “The question I have is who will capitalize on this bear market to scoop up valuable technology or talent.
This shows up for everyone who does large B2B or corporate deals; if you’re negotiating with someone bigger than you, it’s likely that their in-house legal team has capital-T thoughts about your contracts, and that you won’t be able to use your lovingly crafted boilerplate contracts the way you had hoped.
Smart legacy insurance companies are looking for insurtechs that have great technology, but not enough customers or premium volume to get the most value out of the technology. The legacy insurance companies will look to leverage technology that they wished they had created, across premiums that they already know how to sell.
Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Subscribe to access all of our investor surveys, company profiles and other inside tech coverage for startups everywhere. Tech investors must make sure that Israel is part of their portfolio.
We at OTS solutions apply this philosophy and due to our focus and dedication, TopDevelopers.co, in a press release of the top IoT app development companies have listed us as a leading service provider. is one of the renowned and reputed online review and research mediums for B2B IT Firms. TopDevelopers.co TopDevelopers.co
Many tech workers have never experienced a job market like this one. Last year, 1,044 tech companies let go of 159,786 employees, according to Layoffs.fyi. I surveyed six seed- and early-stage investors to get their tactical advice for laid-off tech workers who are thinking about starting up. “IP is important to us.
The ability to purchase something at the point of discovery from digital content exists, but checkout technology company Bolt has the opportunity to give that its “one-click” treatment. It announced Monday that it made its first acquisition in Tipser , a Swedish-based technology company enabling direct checkout on any digital surface.
AlterPacks is tackling both issues with technology that turns food waste into takeout boxes and other containers. Its go-to-market strategy is a B2B model and includes working with distribution partners that sell supplies to F&B businesses like restaurants and hotels. AlterPacks containers have been on the market since December.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. The company could have built out these services but acquiring Meddy presented a better option due its expansion play. Helium Health.
A bit of light duediligence to see if what’s on the slide matches up. On paper, CEO and founder Sean Halter is a good bet. He claims to have decades of experience and appears to have deep market understanding. Those are all useful. So what does a VC do next?
“If you think about quant investing in venture, there’s a lot of understanding around the metrics that drive SaaS startup success, particularly B2B startup SaaS,” he said. Then the layoffs came as a response to hiring freezes from tech startups waiting out the economic downturn.
As a partner in a fund of funds, I attend a lot of annual meetings, talk with a lot of venture fund general partners and review a lot of investor decks. While not nearly as bad as marketing tech, we are seeing a huge inflation in the number of cybersecurity and fintech companies as well.
In a short span of 28 years, IndiaMART has emerged as Indias chosen B2B marketplace and has increased ease of business while simultaneously creating a connected marketplace for all buyers and suppliers across the country. With business steadily humongous, and data demands massive, technology needs to rise to the challenge.
Realizing emerging opportunities, Xetova , a Kenyan startup, is deploying technologies that make information on market opportunities accessible to traders. That finding made me curious about B2B trade, large supply chains and how entrepreneurs in Africa access large procurement opportunities.
The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. “So it’s still too hard to build B2C products from multiple markets in Africa that target a large enough total addressable market (TAM) due to the fragmented nature of the continent.
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