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Often, industries that have great potential to be disrupted are also the most resistant to adopting bleeding-edge technology. While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. With the industry representing about 6.3% of the U.S.
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. The rest were unannounced.
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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
head of Technology and the U.S. No industry is a stranger to litigation, but for the tech sector, it appears intellectual property (IP) and patent disputes, followed by cybersecurity and data protection issues, are among the top legal matters that keep tech company managers up at night. Andrea D'Ambra. Contributor.
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We don’t need to tell you about the layoffs that are defining the tech landscape right now, concentrated particularly in late-stage companies that are struggling to raise extension rounds and grow into existing valuations. The first wave was in preparation and fear; this wave feels like a pullback after a surge. Some nuance.
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European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 Moreover, this also allows Wefox to enter new markets more quickly. This represents a 50% increase on last year’s $3 billion valuation at its Series C round. Image Cfredits: Wefox.
Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The Exchange explores startups, markets and money. In retrospect, investors and observers started to acknowledge that a market in which duediligence often got sidelined wasn’t healthy.
It’s not a huge stretch to say that today, as tech increasingly permeates property development and housing, few except those operating in the sector can truly pinpoint what’s happening in the fast-developing world of proptech. TC: There’s a lot of overlap between construction tech and proptech. And where do they overlap?
TheCut , a technology platform designed to handle back-end operations for barbers, raised $4.5 Omile and Kush Patel created the mobile app that provides information and reviews on barbers for potential customers while also managing appointments, mobile payments and pricing on the back end for barbers. million in new funding.
Boston offers a world of advantages for startup founders Boston’s university-to-startup pipeline defies downturn to grow and diversify Boston has had a thriving tech startup ecosystem for a while, but things can change fast. It seems Boston is faring well, and part of the reason for that appears to be that remote pitching is still a trend.
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Alongside that, the Berlin startup is making an acquisition: it’s buying MomentFeed , a location marketing company based out of Los Angeles, to continue scaling its business. Alongside those, it has built a location-based marketing service that also serves ads for its customers.
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 techtrends,” says Antonio Vázquez, CIO of software company Bizagi.
“Soci became an essential partner to brands for this transformation, which led to an increased need for brands to turn to technology to manage their presence in local digital market channels.” ” Khoury has a colorful background. ” Khoury has a colorful background.
Spotify this morning announced it’s acquiring Dublin, Ireland-based content moderation tech company Kinzen, which had been working in partnership with the streamer since 2020. The hashtag #deletespotify was trending, and high-profile artists like Neil Young and Joni Mitchell pulled their music from the service in protest.
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Since Kojo brought its product to market in early 2020, it has powered the construction of nearly 10,000 projects, including hospitals, schools, stadiums, office buildings and multifamily housing developments. “The truth is construction was considered an unsexy market by people building tech companies for far too long.
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Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. while the rest are spread across Africa, Latin America and Southeast Asia, markets where they deployed more than $6 million last year. About 40% are based in the U.S.,
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