Category: United States
Goldman backed ventures Jumia and Twiga partner on produce in Kenya
Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. In 2019, Jumia became the first VC funded tech company in Africa to list on a major exchange, the NYSE. Based in Nairobi, Twiga raised a $30 million…
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Hackers publish ExecuPharm internal data after ransomware attack
U.S. pharmaceutical giant ExecuPharm has become the latest victim of data-stealing ransomware. ExecuPharm said in a letter to the Vermont attorney general’s office that it was hit by a ransomware attack on March 13, and warned that Social Security numbers, financial information, driver’s licenses and passport numbers, and other sensitive…
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Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps
A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment startups and established financial institutions. Okra has raised $1 million in pre-seed funding from TLcom Capital —…
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Tesla’s newest board member has a long stance against short selling
Tesla has added Hiromichi Mizuno as a new member to its board of directors and audit committee — the former chief investment officer of Japan’s $1.5 trillion pension fund and a longtime opponent of common market practices like short selling. With Mizuno’s appointment the Tesla board now has 10 members,…
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Polestar’s first all-electric vehicle will start at $59,900 in the U.S.
Polestar, the electric performance brand spun out of Volvo, said the base price of its first all-electric vehicle will be $59,900 in the United States, lower than originally targeted. The 2021 Polestar 2, an electric performance fastback, is the first EV to come out of a brand that was relaunched three…
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Digging into Europe’s Q1 venture results
Q1 was alright. Q2 and Q3 are going to suffer. Alex Wilhelm 7 hours Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking a look at a bit of data on the European venture capital scene…
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