Startups

The U.S healthcare system is infamously labyrinthine, with a lengthy claims process that results in frequent errors and high administrative costs. Headquartered in Bangalore and San Francisco, CoverSelf is building a cloud-native platform to improve payment integrity (or the process of making sure

Fazz, the Southeast Asian digital financial services group created by the merger of Payfazz and Xfers, announced today that it has raised a total of $100 million in Series C funding. This includes $75 million in equity and a $25 million debt facility. The equity investment came from returning inves

AC Ventures (ACV), a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). The fund is targeting $250 million and has raised 65% of that capital so far, mostly from limited partners who invested i

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. The incomparable Mike Butcher just celebrated 15 years at technewss. You get less for murder these days, so that's a hell of a milestone, and (as far as we k

Improving the diversity of global genomic data could hasten medical breakthroughs — and that’s the goal of Gen-t, a Brazilian startup working to infuse biotech with genetic data from the country’s population. For Lygia da Veiga Pereira, founder of the company, she said it’s more

Payroll is one area of business that's been ripe for innovation and disruption for a while now. On the surface, it may not look like something that really requires any major changes. After all, it's worked well enough so far: You work your hours and you get paid every fortnight or month. Th

When Fortune reported that Dorm Room Fund, a student-powered investing group, had spun out from First Round Capital with $12.5 million in capital for its newest fund, it was almost an easy feel-good story. Here was a venture capital vehicle bent on providing experience to the next generation of wou

In the new era of remote and hybrid working, companies need to manage people who either relocate or work remotely. For obvious reasons, that has created a huge headache for HR directors. Back in 2014, FlatClub had an apartment rental platform. But a chance encounter encouraged them to pivot in 2017

Maven, co-founded by Udemy's Gagan Biyani and AltMBA's Wes Kao, began in 2020 with a startup idea that perfectly combined two booming sectors: the creator economy and edtech. The startup sold cohort-based classes, led by creators and influencers, to students. The small-group classes were cr

Kafene, a lease-to-own startup aimed at underbanked consumers who don't have access to traditional credit, raised $18 million in a Series B funding round. While there are similarities to the buy now, pay later approach to making purchases, Kafene CEO Neal Desai emphasizes that his company's

Spending on the cloud shows no signs of slowing down. In the first quarter of 2021, corporate cloud services infrastructure investment increased to $41.8 billion, representing 35% year-on-year growth, according to Grand View Research. But while both small- and medium-sized businesses and enterprise

TeraWatt Infrastructure, a company that builds electric vehicle charging infrastructure for fleets, has secured over $1 billion in a Series A round to build out its portfolio of commercial charging centers. The recent injection of capital follows a $100 million seed round from Keyframe Capital and

The transaction is complete. The keys have passed to the new owner. This is what you, your team and investors were aiming for, and your bank accounts have become a lot larger. You're selling your firm to garner liquidity for the team and your investors, to bring products to a larger market thro

While capital infusion into companies took a summer siesta, some venture capital firms continue to see their coffers runneth over. Three years after raising a $500 million fund, European venture capital firm Northzone is back with what partners are calling its “largest fundraise to date” of €