Venture

Ten years ago today, Cowboy Ventures’ Aileen Lee penned a column for technewss that brought the term “unicorn” into the world. Defined at the time as “U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors,”

Employers are increasingly offering perks and benefits to satisfy and retain employees, and it's widely known that helping with financial wellness is near the top of the list. Rising interest rates and inflation are putting a strain on people, and companies, for example Amazon and Delta, are de

“Chief Meme Officer” was once Turner Novak’s tongue-in-cheek job title, and his 161,300 X followers probably know why. Yet, he has it clear: “If you think about raising a venture fund and you need to raise $50 million, somebody’s not going to say: ‘Wow, that’s a gr

Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech. The secretive energy startup once claimed to power “most of the world's top electric OEMs,” though as far as we can tell it never dis

Nex Cubed, the venture accelerator that launched a $40 million fund to target founders from Historically Black Colleges and Universities (HBCUs), announced today a venture scouting partnership with the nonprofit HBCUvc to help train the next generation of Black venture capitalists. HBCUvc offers fe

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korea Investment Partners Southeast Asia, KIPSEA has a Singapore-based team and just announced its first fund close of $60

Shares of Truecaller dropped as low as 35%, $35.95 to $24.47, before recovering slightly Friday after the Switzerland-headquartered firm, known for its eponymous caller ID app, reported lower than estimated revenue. Truecaller, listed in Stockholm, reported a revenue of SEK 399 million ($35.88 mill

African startup funding has seen a significant decline of more than 50% over the past three quarters compared to the previous year, as reported by The Big Deal. To date, startups on the continent have secured funding in the range of $2.5 billion to $3.4 billion, based on data from The Big Deal and

Flourish Ventures, an early-stage venture firm investing exclusively in fintech companies in the U.S. and in emerging markets, has secured $350 million in fresh capital, technewss is the first to report. The new raise brings the four-year-old firm’s total assets under management to $850 mill

It's been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to

California passed a bill earlier this month that requires venture firms operating in the state to report the diversity breakdown of their investments. The news of its passing spread quickly through the startup world, and immediate reactions to it have been split. There are those in favor of the bil

Finerio Connect, a Mexico City-based fintech startup, raised $6.5 million in new funding to continue development on its open finance platform providing access to personalized financial products and services. Nick Grassi and José Luis López, both co-CEOs, started the company in 2018 with the visio

Reliance is nearing a deal to acquire Disney’s India business, according to a report, as Mukesh Ambani’s oil-to-telecom empire eyes broadening digital and television assets. Disney values its India business at about $10 billion, whereas Reliance views the assets at between $7 billion to

Venture capital data is backward-looking, a trailing indicator at best. technewss+'s reporting on third-quarter venture capital activity is therefore a lengthy, if earnest look in the rearview mirror. Here's what happened. The Exchange explores startups, markets and money.