Tag: Funding
After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt
The venture capital scene in the North African tech ecosystem will be absolutely buzzing right now with the announcement of two large VC funds in the space of two days. Today, Algebra Ventures, an Egyptian VC firm, announced that it has launched its $90 million second fund. Four years ago,…
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Three ways VC firms can construct sustainably diverse portfolios
Leslie Feinzaig Contributor Venture capital has a diversity problem: Data show that Black and Latinx founders received just 2.6% of overall funding in 2020. Women-founded teams received nearly 30% less funding in 2020 than they did in 2019. For decades, a close-knit community of brilliant but like-minded individuals built a…
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Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. This means that the five-year-old Uruguayan company has effectively quadrupled its valuation in a matter of months. Alkeon Capital led the latest round, which…
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Clubhouse will create billions in value and capture none of it
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was a busy week on the IPO front, Danny was buried in getting the Tonal EC-1 out, and Natasha took…
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Holler raises $36M to power ‘conversational media’ in your favorite apps
Holler, described by founder and CEO Travis Montaque as “a conversational media company,” just announced that it’s raised $36 million in Series B funding. You may not know what conversational media is, but there’s a decent chance you’ve used Holler’s technology. For example, if you’ve added a sticker or a…
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Mastercard to invest $100 million in Airtel Africa’s mobile money business
Mastercard will invest $100 million in Airtel Africa’s mobile money business, two firms said today, just two weeks after TPG’s Rise Fund also backed the telecommunications firm’s unit. The London-headquartered firm said it was taking a minority stake in Airtel Africa’s mobile money business. The deal valued Airtel Mobile Commerce…
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