Startups

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 €

Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The Karachi-based startup targets communities across sectors including agriculture, MSMEs, e-commerce, logistics, healthcare and others. It

French biotech company WhiteLab Genomics has raised $10 million in funding for an AI platform designed to aid the discovery and development of genomic therapies. Founded out of Paris in 2019, recent Y Combinator (YC) graduate WhiteLab Genomics provides gene and cell therapy companies with predictiv

GM’s self-driving technology unit Cruise will launch commercial robotaxi services in Austin, Texas and Phoenix — two hot spots for autonomous vehicle development — “in the next 90 days and before the end of 2022,” Cruise CEO and co-founder Kyle Vogt said Monday, The services w

New data from Carta indicates that valuations for very early-stage startups are holding up better than we might have expected in the current slowdown. But while it appears that the price at which investors are willing to put capital into various startup sectors is at times becoming more expensive,

Winter may have arrived early for AI and machine learning startups. After years of rosy projections, growth and investor enthusiasm, a new report from PitchBook shows that VC activity in the AI sector declined precipitously over the past few months. Deal value growth in AI startups was down 27.8% q

The market has taken a massive turn in recent months. The second quarter was the first time deal value fell below $77 billion since the fourth quarter of 2020, and this past quarter has seen the lowest amount recorded for a single quarter since the start of 2021. There’s been a massive drop i

Modulous, a U.K. startup that makes it easier for housing developers, architects and construction firms to configure and design modular homes to address the ongoing housing crisis, has raised £10 million ($11.7 million) in a Series A round of funding. Founded out of London in 2018, Modulous said t

HotelOnline, a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digital marketing enabler in the hospitality industry, has acquired HotelPlus, a software provider with clients in 22 countries. The full terms of the transcation were not disclosed but Er

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I'll take a look at the hottest fintech news of the pr

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. Fridaaaaaay. It was a short week, but it still dragged on a little. We've got some exciting Twitter Live action coming up on September 13, so

Technology innovation often comes in waves, but the restaurant industry saw its surf get bigger and stronger due in part to the pandemic. Startups stepped up across the industry to help restaurants quickly change their operations to keep up with, for many, new areas of their business, like acceptin

The move to remote working is creating tensions between CEOs and CHROs that could culminate in decisions that are not always in the best interest of the business. For tech teams, that disconnect could lead to making quick fixes that ultimately cost the organization more money and individuals more t

Over the past decade, startups migrated north from Silicon Valley to make San Francisco the country's hottest tech hub. The streets of the city were bustling as throngs of — mostly tech — workers walked or caught Ubers to their next meetings.  Then the COVID-19 pandemic hit, and th