Tag: economy
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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Three years after raising $450 million, Andreessen is back with a new $750 million life sciences fund
Life sciences is big business in venture capital land and firms are raising big dollars to find the companies that will lead the next healthcare revolution. Chief among them is Andreessen Horowitz, which announced its third life sciences fund with a $750 million final close earlier today. Andreessen went back…
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Remitly launches Passbook, a neobank aimed at immigrants, to expand beyond money transfers
Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a new product that puts paid to that plan: it’s launching Passbook, a new bank…
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Last chance: Only a few tickets left to Winter Party at Galvanize This Friday
This is it, startup fans. It’s your very last chance to scoop up the few remaining tickets to our 3rd Annual Winter Party at Galvanize — the best Silicon startup soiree bar none. If you want to join this fun gathering of 1,000+ likeminded startuppers on February 7, you’d best act…
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With $30 million in fresh funds, The Bouqs plans to plant its flower delivery business in Japan
The Bouqs plans to take a slice of Japan’s $6 billion flower market this year with a $30 million strategic growth round from Japanese enterprise business investor Yamasa. While The Bouqs still must compete with bigger contenders like 1-800-Flowers and FTD in the U.S., it will now have to take…
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Techstars Detroit accelerator is shutting down
Techstars Detroit, the accelerator that has funded 54 startups in the past five years, is shutting down, TechCrunch has learned. In an email to supporters, Techstars Detroit managing director Ted Serbinski said the accelerator was not able to secure enough funding for 2020. “It’s clear the entire automotive mobility industry…
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