Tag: venture capital
Meet Justos, the new Brazilian insurtech that just got backing from the CEOs of 7 unicorns
Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to…
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Middle East and Africa will reap benefits from Nuwa Capital’s newest fund
Nuwa Capital, a venture capital firm based in Dubai and Riyadh, announced the first close of its $100 million NVFI fund in February. The close was three-quarters of the target and was done in less than a year following the firm’s launch in February 2020. According to the firm, the…
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Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth…
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Dismantling the myths around raising your first check
As startups and venture capital grow in tandem, fundraising has gone from a formal affair on Sand Hill Road to a process that can happen anywhere from Twitter to Zoom. While fundraising may no longer require a trip to California, it might depend on whether you got an invite to…
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Darryl Finkton Jr. closes $200M to go from asset management to poverty eradication
Darryl Finkton Jr. is a man on a mission. He believes there’s enough money in the world to help put an end to poverty. But only if it’s distributed differently than it is today. Earlier this year, the investor left a career in asset management to launch a $1 billion…
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OpenAI’s $100M startup fund will make ‘big early bets’ with Microsoft as partner
OpenAI is launching a $100 million startup fund, which it calls the OpenAI Startup Fund, though which it and its partners will invest in early-stage AI companies tackling major problems (and productivity). Among those partners and investors in the fund is Microsoft, at whose Build conference OpenAI founder Sam Altman…
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