Tag: TC
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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LG and ZTE withdraw from MWC due to coronavirus-related concerns
LG Electronics and ZTE said they have cancelled plans to participate in MWC later this month in Barcelona, Spain, because of coronavirus-related concerns. In a statement on its site, LG said it will skip MWC, the world’s largest mobile trade show, and launch this year’s releases at separate events “in…
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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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Generate Capital raises $1 billion for renewable energy infrastructure development
The floodgates are open once again for capital investing in renewable energy projects and technology. Generate Capital, the renewable energy infrastructure investor, has raised more than $1 billion for new projects from a group of investors focused on infrastructure — including AustralianSuper, QIC, Railways Pension, among others. The new financing…
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Layoffs hit another Softbank co as $3.2B Flexport cuts 50
Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+), Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow…
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As a top manager leaves amid fundraising woes, SoftBank’s vision looks dimmer — and schadenfreude abounds
Every once in a while, an organization implodes so fantastically that it’s hard in retrospect to understand why another outcome once seemed possible. With every passing day, SoftBank — which shook up the investing world with the largest investment fund ever pooled, then seemed to use its capital as a…
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