Category: investment
Google buys $4.5 billion stake in India’s biggest mobile network
Google is the latest big name to buy a stake in India’s largest mobile network, the company announced today. The search giant is buying a 7.7 percent stake in Jio Platforms worth $4.5 billion, a sum that is coming from Google’s recently-announced $10… Source
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Africa Roundup: DHL invests in MallforAfrica, Zipline launches in US, Novastar raises $200M
Events in May offered support to the thesis that Africa can incubate tech with global application. Two startups that developed their business models on the continent — MallforAfrica and Zipline — were tapped by international interests. DHL acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew…
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Bipartisan Senate bill aims to invest $100 billion in technology R&D
A group of bipartisan, bicameral politicians have drafted a bill that would “dramatically” increase investment in tech research and development. The Endless Frontiers Act would commit $100 billion over five years toward research in artificial intelli… Source
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With an ex-Uber exec as its new CEO, digital mental health service Mindstrong raises $100 million
Daniel Graf has had a long career in the tech industry. From founding his own startup in the mid-2000s to working at Google, then Twitter, and finally Uber, the tech business has made him extremely wealthy. But after leaving Uber, he wasn’t necessarily interested in working at another business… At…
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Alternative assets are becoming mainstream
Anthony Zhang Contributor Anthony is co-founder and CEO of Vinovest, a platform for investing in fine wine. He has previously founded and sold two companies (EnvoyNow & Know Your VC), and is also a Thiel Fellow. The way we invest is changing. Technology makes investing easy and more accessible than…
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Novastar Ventures becomes $200M African VC fund after $108M raise
African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total capital to $200 million. With the additional resources,…
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