Startups

A dark cloud is forming on the horizon for startups and investors. Big firms have announced they’re cutting back on investing in startups; Y Combinator is advising founders to extend their runway; and top venture capitalists are preaching that startups have to survive before they can thrive.

Alongside the report in its Q2 2022 letter to shareholders that Netflix lost 970,000 subscribers, Netflix also announced the acquisition of Animal Logic, the Australian animation studio responsible for “Happy Feet,” “The Lego Movie,” “Peter Rabbit” and more. The transaction is expected

South Africa's digital industry is among the fastest-growing segments of its economy. However, the low level of racial inclusion in funding and general financial muscle to compete is a growing concern, which will likely widen inequality in the future if left unaddressed. This is according to a

When you're building a startup and thinking about what it's going to take to raise your first dollars in a slowing capital market, perspective can be very helpful. In this case perspective, like any story worth telling, has two sides — founder and venture. Of course, we'll cover both

Crop One Holdings and Emirates Flight Catering announced this week they opened Emirates Crop One, what they say is “the world's largest vertical farm.” The over 330,000-square-foot facility is located in Dubai, United Arab Emirates near Al Maktoum International Airport at Dubai World Centra

In the world of venture capital, we're always talking about cash. You hear phrases like “cash burn,” “cash runway” and “cash on hand” every day from investors and founders alike. Despite all this talk about cash, early-stage companies rarely scrutinize their

Not every company is struggling in this downturn. Despite a cooling market, corporate spend management startup Ramp reports that it has more than doubled its revenue run rate since the start of the year. The feat would be impressive in normal times, but is particularly so when tech

Munich-based AM Ventures just closed a $100 million fund focusing specifically on the early growth stages of industrial and commercial 3D printing applications. Investing internationally, the firm went from a de facto family office to a multi-LP VC firm. The firm’s portfolio to date spans 18

What if museums were curated and funded by the internet, and allowed pieces to stay close to their cultural roots, displayed in a context that made sense? Native art in native museums, religious artifacts shown in temples, mosques and churches, and so on? That’s the premise of Arkive, which j

What goes on in that gastrointestinal tract of yours? Well, we have a general idea, but evidence is mounting that the gut and the microbes that live there play an important role in a huge variety of health issues. Persephone Biosciences is a biotech startup that — with the help of $15 million and

Opendoor opened the door, so to speak, to the idea of applying technology to the concept of house flipping to both scale the opportunity and make it considerably more efficient. While its share price is being hammered at the moment in a wider downturn for tech stocks overall, it’s a strong en

Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup's undisclosed pre-seed round last year. This financing welcomed participation from fintech giant Visa, Y

Eka Care, a startup that aims to digitize the health records of Indian patients, has raised $15 million in a new financing round as it looks to hire more engineers and bring additional doctors to its platform, which has amassed over 30 million registered users and 5,000 doctors. Hummingbird Venture

The pandemic has triggered more demand for online shopping and fueled many smaller retailers to establish their own online offerings. Japanese commerce enabler AnyMind, which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round o