Category: TC
Battery Ventures just closed on a whopping $2 billion across two funds, two years after its last fundraise
Battery Ventures, the now 37-year-old investment firm, just closed on two new funds that — at $2 billion in capital commitments — nearly double the record-breaking $1.2 billion that the firm closed on exactly two years ago. It sounds very typical of the broader trend in recent years of firms…
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UK names its pick for social media ‘harms’ watchdog
The UK government has taken the next step in its grand policymaking challenge to tame the worst excesses of social media by regulating a broad range of online harms — naming the existing communications watchdog, Ofcom, as its preferred pick for enforcing rules around ‘harmful speech’ on platforms such as…
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Facebook will pay Reuters to fact-check Deepfakes and more
Eye-witness photos and videos distributed by news wire Reuters already go through an exhaustive media verification process. Now the publisher will bring that expertise to the fight against misinformation on Facebook. Today it launches the new Reuters Fact Check business unit and blog, announcing that it will become one of…
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Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks
Europe has emerged as a key region for hatching and scaling fintech companies, and today one of the bigger hopefuls is announcing a large round of funding, from a mix of strategic investors, to keep growing its business. Fenergo, a startup from Dublin that builds solutions for banks and other…
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European founders look to new markets, aim for profitability
To get a better sense of what lies ahead for the European startup ecosystem, we spoke to several investors and entrepreneurs in the region about their impressions and lessons learned from 2019, along with their predictions for 2020. We asked for blunt responses — and we weren’t disappointed. These responses…
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After VCs spend millions Nigeria restricts ride-hail motorbike taxis
Nigeria’s commercial hub of Lagos has shaken up its transportation order. At the center are the West African country’s motorcycle taxis — referred to locally as okadas — which face newly enforced regulatory restrictions on their movement. That’s creating speedbumps for Nigeria’s two-wheel ride-hail startups, operating in Africa’s most populous…
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