Category: business incubators
Silicon Valley restructuring veteran says his firm is winding down up to 3 startups a day
‘It doesn’t matter what size they are; when they come to us, they’re all broke’ Connie Loizos @Cookie / 8 hours Marty Pichinson gets called a lot of things: Silicon Valley’s undertaker, its terminator, a grave digger. These aren’t meant as slights; Pichinson is the founder of Sherwood Partners, a…
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Refurbished electronics startup Refurbed raises $17M round, led by Evli Growth Partners
Renewed phones, laptops and tablets can be as much as 40% cheaper than their brand new cousins, working equally as well and, because they have been saved from the scrapheap, are therefore a great deal more environmentally friendly. Players in this space includeBack Market (raised €48M), Swappa (US) and Amazon…
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These specialized Africa VC funds are welcoming co-investors
For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one major IPO and a handful of exits — but there could be greater returns for investors…
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African crowdsolving startup Zindi scales 10,000 data scientists
Cape Town based startup Zindi has registered 10,000 data-scientists on its platform that uses AI and machine learning to crowdsolve complex problems in Africa. Founded in 2018, the early-stage venture allows companies, NGOs or government institutions to host online competitions around data-oriented challenges. Zindi opens the contests to the African…
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TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group — with offices in London, Lagos, and Nairobi — is looking for tech enabled, revenue driven ventures in Africa from seed-stage…
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The case for cooperative tech startups
When Uber and Lyft went public, it wasn’t the drivers who got rich — it was the executives, investors and some early employees. In an era when it has become clear that tech executives and investors are frequently the only ones who’ll reap rewards for a company’s success, cooperative startups…
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