ByteDance reorganizes strategic investment team, causes panic

What a roller coaster day for China’s tech industry. TikTok’s parent company ByteDance has dissolved its strategic investment team, sending worrying messages to other internet giants that have expanded aggressively by investing in other companies. At the beginning of this year, ByteDanc

a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

Carry1st, a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). This is a16z's first investment in an Africa-headquartered company (the firm has previously invested in Branch and Zipline, c

Filmhub, backed by $6.8M from a16z and others, helps filmmakers get their work streamed

As the streaming market grows, so has the demand for content. But even though it’s now easier than ever for filmmakers to create, distribution is still often controlled by traditional systems — meaning many filmmakers are still being shut out of Hollywood if they don’t have the ri

Nowsta takes in fresh capital to show some tech love for hourly workforces

Nowsta attracted venture capital for its approach to help employers better engage with their hourly workforces in this increasingly hybrid work environment. The company announced today $41 million in Series B funding in a round led by GreatPoint Ventures that brings the company's total funding

Wrangle secures $2M to automate company workflows

Wrangle raised $2 million in an oversubscribed pre-seed funding to advance its technology that automates workflows, approvals and tickets so that a company can track work and provide call-to-action tasks within chat platforms like Slack. Bloomberg Beta and Eniac Ventures co-led the investment, with

Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

"" data-block="true" data-editor="2s5h7" data-offset-key="asuqs-0-0"> "" data-offset-key="asuqs-0-0"> Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. It's not the same in Africa, where few third-party infrastructure

New privacy bill would put major limits on targeted advertising

A new bill seeks to dramatically reshape the online advertising landscape to the detriment of companies like Facebook, Google and data brokers that leverage deep stores of personal information to make money from targeted ads. The bill, the Banning Surveillance Advertising Act, introduced by Reps. A

Snapchat says it’s getting better at finding illicit drug dealers before users do

Snapchat has faced increasing criticism in recent years as the opioid crisis plays out on social media, often with tragic results. In October, an NBC investigation reported the stories of a number of young people aged 13 to 23 who died after purchasing fentanyl-laced pills on Snapchat. That month,

Roll is a new app letting you subscribe to paywalled creator content

Today marks the launch of the Roll app, which aims to create an easy way for creators to make an extra buck while portraying a potentially more authentic version of themselves to their fans. Already, some creators will charge for access to their Instagram close friends story, a private Snapchat acc

Apple returns to No. 1 as global smartphone shipments grapple with supply chain concerns

Supply chain issues continue to have a major impact on smartphone manufacturers per newly released figures from analyst firm Canalys — global shipments grew only 1% year over year in the final quarter of 2021. The numbers come on the tail of Q3 reports, which saw an overall drop of 6%, citing

Twitter expands misinformation reporting feature to more international markets

Last August, Twitter introduced a new feature in select markets, including the U.S., that invited users to report misinformation they encountered on its platform — including things like election-related or COVID-19 misinformation, for example. Now the company is rolling out the feature to mor

Shopify and China’s JD.com team up to capture cross-border sellers

Two of the world’s largest e-commerce players are joining joined hands. Major Chinese online retailer JD.com has formed a strategic partnership with Ottawa-based Shopify to help global brands tap China’s enormous appetite for imported goods, as well as help Chinese merchants sell overse

Appcues nabs $32.1M for analytics and no-code tools to fix user onboarding

User onboarding has been a longstanding and persistent challenge in the world of apps. Developers grapple with design and technical constraints; publishers and users might have different priorities when it comes to engaging with a service; the content of those services is changing all the time; and

Fairplay closes $35M in equity, debt to provide revenue-based financing to entrepreneurs

Mexican revenue-based investment startup Fairplay secured $35 million in Series A funding to invest in the online marketing campaigns of direct-to-consumer e-commerce brands and marketplace sellers in Latin America. The investment round consists of $15 million in equity, co-led by Dila Capital and