Startups

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to achieve a final close nine months from now.   The firm, founded by Eliot Pence and Aubrey Hruby, w

The Boring Company, Tesla CEO Elon Musk’s project to build underground highways to alleviate traffic congestion, has raised a $675 million Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partn

Ordinary Folk, a Singapore-based telehealth startup dedicated to men and women's health issues, has raised $5 million in pre-Series A funding from Monk's Hill Ventures. The funding will be used for hiring and expand into Hong Kong while scaling in Singapore. Founded in 2020 by Sean Low, the

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Happy 20th of April, 2022, which has no particular significance and we are not making any jokes. It's been a strange news day, but never fear, we have some gre

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says

Amazon Web Services (AWS) today launched a new program, AWS Impact Accelerator, that will give up to $30 million to early-stage startups led by Black, Latino, LGBTQIA+ and women founders. The Amazon company claims that the three-year initiative will help recipients build successful businesses while

Bach, a group travel app for planning bachelorette trips, has announced $8 million in seed funding led by Corazon Capital. The app, which is available on both the Google Play Store and the iOS App Store, is designed to help users plan a group trip with their friends from start to finish. Mike Petra

A banking app built for online creators, Creative Juice announced its $50 million fund to underwrite creator businesses. YouTubers and other social media stars can apply for upfront cash to grow their businesses in exchange for a cut of their revenue over a certain period of time, usually between s

Plastic foam like Styrofoam is a ubiquitous, harmful and nearly immortal single-use material that is long overdue for a good, green replacement — and Cruz Foam is here to supply it. The startup creates a durable yet backyard-compostable packing foam out of shrimp shells produced (and discarded) b

It's been a wd few years for the home fitness industry. Few consumer technologies were better positioned to ride the pandemic to new heights. There's been some leveling off of late, of course. Perth-based startup Vitruvian has made a name for itself in the Australian market. The company'

As consumers' interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investment globally, increasing 92% from 2020. A South Korean startup called CellMEAT, which develops cel

"attachment_2303150" aria-describedby="" style="width: 1024px">Everstage founders Vivek Suriyamoorthy and Siva Rajamani For sales reps, commission plans are often complicated and lack transparency, leading to accounting errors and frustration. Everstage, a sales commission platform, solves that, let

Flutterwave CEO Olugbenga Agboola has, for the first time, addressed financial and personal misconduct claims leveled against him and the company this month, according to an email to employees obtained by technewss. “I'm writing today because I want you to know how concerned I am about the i

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and welcome to this 109th day of 2022 – April 19 – which celebrates, among other things, National Garlic Day (nice try, Big Allium) and Bicycle Day, the