Collab Capital closes $50 million debut fund to back Black founders

A decade before investing outside of San Francisco and New York became trendy, entrepreneurs Jewel Burks, Justin Dawkins and Barry Givens were betting on Atlanta. Each experienced firsthand the biases that disproportionately hurts Black founders — while also being living proof of the wave of

Glovo splurges $208M on three Delivery Hero brands in the Balkans

The high-stakes game of chess (or, well, consolidation chicken) that is on-demand food delivery rolls on today with a little more territorial swapping in Europe: Barcelona-based Glovo has agreed to buy three of Berlin-based Delivery Hero’s food delivery brands in Central and Eastern Europe &#

Yalo raises $50M to build ‘c-commerce’ services for chat apps like WhatsApp

Facebook has long been working on raising WhatsApp’s profile as a channel for businesses to interact with (and sell to) their customers. Today, a startup that has built a suite of tools for retailers and others to build and run those services over WhatsApp and other messaging platforms is ann

Visa takes a swipe in fintech, builds new online marketplace

The relationships between banks and fintechs are multi-faceted. In some cases, they partner. In many cases, they compete. In other cases, one acquires or invests in the other. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintec

India asks social media firms if they have complied with new regulations

India has asked social media firms to provide an update on whether they have complied with its new IT rules “as soon as possible” and “preferably today” even as the new regulations are being legally challenged by WhatsApp. In a letter to “significant social media inte

Indonesian crypto exchange Pintu gets $6M Series A led by Pantera, Intudo and Coinbase Ventures

Along with the stock market, cryptocurrency is also seeing an uptick among retail investors in Indonesia. Pintu, a platform focused on first-time cryptocurrency buyers, announced today it has raised a $6 million Series A, led by Pantera Capital, Intudo Ventures and Coinbase Ventures. Other particip

Tesla will store Chinese user data locally, following Apple’s suit

The handling of user data in China has become a delicate matter for foreign tech companies operating in the country. Apple’s move to store the data of its Chinese customers in servers managed by a Chinese state-owned cloud service has stoked controversy in the West over the years. A recent Ne

UK’s Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform

With more people than ever before going online to pay for things and pay each other, startups that are building the infrastructure that enables these actions continue to get a lot of attention. In the latest development, Paysend, a fintech that has built a mobile-based payments platform — whi

With new partner Colin Hanna, and Shikha Ahluwalia as associate, Balderton puts down roots in Berlin

As of now, one fo the U.K.'s biggest and most active tech VCs has a new partner. Principal Colin Hanna has spearheaded several of Balderton's deals in the past couple of years and has now been appointed a partner. But there's a twist to this plot. He will be officially based in Berlin (

Matera raises another $43 million to turn residential building management into SaaS

French startup Matera has announced that is has raised a new $43 million (€35 million) Series B funding round led by Mubadala Capital. Bpifrance, Burda Principal Investments as well as existing investors Index Ventures and Samaipata. The company is building a vertical SaaS for residential propert

WhatsApp sues Indian government over new regulations

WhatsApp has sued the Indian government challenging new regulations that could allow authorities to make people's private messages “traceable,” and conduct mass surveillance. The Facebook-owned instant messaging service, which identifies India as its biggest market by users, said it filed t

US removes Xiaomi’s designation as a Communist Chinese military company

Xiaomi, one of China’s high-profile tech firms that fell in the crosshairs of the Trump administration, has been removed from a U.S. government blacklist that designated it as a Communist Chinese military company. The U.S. District Court for the District of Columbia has vacated the Department

Tiger Global leads $30 million investment in Indian Twitter rival Koo

Investors are backing Koo, an Indian alternative to Twitter, with large size checks at a time when tension is brewing between the American social network and New Delhi. The Indian startup said on Wednesday it has raised $30 million in a financing round led by Tiger Global Management. Mirae Asset, I

Emotion-detection software startup Affectiva acquired for $73.5M

Smart Eye, the publicly traded Swedish company that supplies driver monitoring systems for a dozen automakers, has acquired emotion-detection software startup Affectiva for $73.5 million in a cash-and-stock deal. Affectiva, which spun out of the MIT Media Lab in 2009, has developed software that ca