Project A Ventures closes its fourth fund, hitting $375M, the largest to date

Project A Ventures launched 10 years ago in Berlin when a handful of a ex-Rocket Internet players decided they'd try their own hand at this startup stuff. Since then they've done pretty well, investing early in some of the biggest European tech companies, such as Trade Republic, Kry, sennde

Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly

The construction industry in Kenya is so big that it is among the few globally that expanded amidst the COVID lockdowns of 2020. And it is not showing any signs of slowdown with the country's data agency — the Kenya National Bureau of Statistics — projecting it to grow at an average

Bill Gates on economic turbulence, crypto and whether we can still avoid climate disaster

At this year's technewss Sessions: Climate 2022, Bill Gates joined me on stage in a far-ranging conversation that included an updated assessment of our progress on mitigating climate change since the publication of his 2021 book “How to Avoid a Climate Disaster.” I drew an analogy

DCVC, Playground Global and FoundersX Ventures will discuss automation investments at TC Sessions: Robotics

If any tech sector has managed to withstand the recent slowdown of investor funding, it's robotics. In 2021, VCs plowed more than $17 billion into robotics startups — nearly triple what was invested in 2020. The pandemic — combined with labor shortages — fueled that spike. And, although a

TestGorilla scores $70M for skills tests aiming to replace the recruitment resume dump

Sending in a resume is the main way a person hopes to get noticed for a job. But a startup out of Amsterdam called TestGorilla is today announcing $70 million in funding for a very different kind of approach: It has built an assessment platform that can be used to screen for a wide range of job cat

Yahoo appoints six new board members, including Jessica Alba

Yahoo announced six new members of its board of directors today, about a year after the internet brand was acquired by private equity firm Apollo for $5 billion [Disclosure: technewss is part of Yahoo]. The new appointees include Jessica Alba, actress and founder of The Honest Company; Aryeh Bourk

Apple’s big week was not without its flaws

Hi, friends! Welcome back to Week In Review, the newsletter where we recap some of the top stories to cross technewss dot com this week. The most read story this week was . . . well, everything that came out of Apple’s annual Worldwide Developer Conference. Apple tends to dominate the news c

As startup layoffs continue, some perspective

Welcome to Startups Weekly, a fresh human-first take on this week's startup news and trends. To get this in your inbox, subscribe here. Per Layoffs.fyi, a layoff tracker, over 16,000 tech workers lost their jobs in May, and June is off to a similarly brutal start. technewss's senior report

If you must conduct layoffs, don't be a jerk

Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we're thinking about how these difficult conversations could be a bit less awful if we learned to prioriti

Records show ICE uses LexisNexis to check millions, far more than previously thought

Immigration and Customs Enforcement (ICE) has been using LexisNexis since it parted ways with its previous data broker partner back in 2021. But far from using the platform strictly for checking for those with “serious criminal backgrounds,” the agency is performing searches in the mill

Russian tech giant Yandex removes national borders from Maps app

The reconfiguring of Russia’s digital landscape in the wake of Putin’s decision to invade Ukraine continues to play out at a macro and micro level. Here’s a development on the latter front: Local tech giant Yandex has quietly removed national borders from its maps product. Users o

Google and Meta closing ads in Russia helped Putin, argues Navalny

Jailed Kremlin critic, Alexey Navalny, has hit out at adtech giants Meta and Google for shutting off advertising inside Russia following the country’s invasion of Ukraine which he argues has been a huge boon to Putin’s regime by making it harder for the opposition to get out anti-war me

Meta’s Workplace supersizes its user base with McDonald’s deal

Workplace was originally conceived and built by Meta to be an enterprise version of its flagship Facebook app, and today it’s announcing a new customer that speaks to that ambition of mass-market uptake. The company has inked a deal with McDonald’s, the fast food giant, for its employee

Meta says Kenyan court has no jurisdiction to determine case against it, wants it thrown out

American social media giant Meta is seeking to have a case filed against it in Kenya dropped saying that the East African country has no jurisdiction to determine it. The application follows a lawsuit filed by Daniel Motaung last month against Meta and Sama, its main subcontractor for content moder