Tag: money
NEA, venture capital’s quiet giant, closes on $3.6 billion
With its new fund, NEA will continue its strategy of investing across stages in technology and healthcare deals, with a focus, the firm says, on early stage deals and some growth investments. “We are deeply grateful to our limited partners for their commitment to NEA and their confidence in our…
Read MoreInsurance AI startup Synthesized raises $2.8M from IQ Capital and Mundi Ventures
The insurance industry depends on data to support a number of functions the average person in the street is usually completely unaware of such as “informed risk selection”, underwriting and claims management. Like many industries, it would like to automate much of this but it’s just not that simple. Synthesized…
Read MoreVisa partners with Paga on payments and fintech for Africa and abroad
Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico. The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills…
Read MoreDid African startups raise $496M, $1B or $2B in 2019?
Five years ago, it was hard to come by any numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case for three venture funding studies for Africa that turned up varied results. The numbers and variance Investment stats released by…
Read MoreCould lessons from the challenger bank revolution kick-start innovation on the climate crisis?
Now that the world is swimming in data we may be able to address the climate and environmental risks to the planet. But while there is plenty of capital to invest in things like ClimateTech, a lot of the data that’s needed to tackle this big issue is badly applied,…
Read MoreSouth African fintech startup Jumo raises second $50M+ VC round
South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed. Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets. This week’s…
Read MoreRecent Posts
- ‘The Entire History of You’: How a lone developer created free app that records everything you do on your PC — and allows you to rewind and search for anything in a weird homage to an episode of Black Mirror
- Quordle today – hints and answers for Monday, May 13 (game #840)
- NYT Strands today — hints, answers and spangram for Monday, May 13 (game #71)
- Microsoft launches generative AI model designed exclusively for US intelligence services — air-gapped system for spies aims to avoid potential security leaks
- Solar Storms are disrupting farmer GPS systems during critical planting time
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