Venture

Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (UAE), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation. The new funding follows the $1 million pre-seed backin

Black Girls Code filed a lawsuit Monday alleging its founder Kimberly Bryant, who was ousted from her role as a board member and chief executive earlier this month, has “hijacked” the nonprofit’s website. The heart of the complaint, which was filed with the U.S District Court for the Nort

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, Crunch Bunch! Have you remembered to drink water today? You can't live off coffee and Red Bull alone. Look after yourself, you good-loo

Late-stage rounds seem to be hitting the gym this year. A new report from Carta — a dataset that technewss got a preview of earlier in August — indicates that late-stage rounds are seeing their heft rapidly shrink as 2022 continues. The cap table management company sits

When Marc Andreessen announced that he was sinking $350 million of a16z investors’ money into a new venture by WeWork co-founder and former CEO Adam Neumann, plenty of jaws dropped. For one, there was the massive sum and equally massive valuation for a company that, as of today, owns a few th

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I'll take a look at the hottest fintech news of the pr

Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community Limited. The fund doesn't have a set target at the moment, the founding partners told TechCrun

Fundamentum Partnership, a venture firm co-founded by Nandan Nilekani and Sanjeev Aggarwal, has raised $227 million for its second fund as the high-profile tech industry veterans double down on backing startups in the South Asian region. The fund plans to deploy the capital by investing in four to

Sunstone, a higher education startup that collaborates with academic institutions to help upskill their students for employability, has raised $35 million in a new financing round as it looks to expand to more Indian cities. Sunstone founders said Friday WestBridge Capital led the startup's Ser

Of all the stories passed on through history, the tales of life unending have persisted in the human imagination without much change. The details differ, but nearly every civilization right from the time of the Egyptians has in some form or the other sought to delay death. While we're still far

Longevity-focused startups have been proliferating in recent years as we become more focused on our health. However, it's not just about apps to get you in the gym. Longevity startups can range from biotech-oriented disease prevention to organ regeneration. The Aging Analytics Agency estimates

Andreessen Horowitz (a16z) seems determined to keep the capital flowing to controversial WeWork founder Adam Neumann. The storied venture firm wrote its largest individual check ever, at $350 million, to Flow, Neumann’s new residential real estate company focused on rentals, the New York Time

Atlanta’s venture ecosystem is looking pretty peachy. In H1 2022, Atlanta companies raised $1.6 billion in funding, according to a recent PitchBook report. If the second half of the year is the same, it places the city on track to nearly hit the $3.7 billion in capital it raised last year. An

In retrospect, edtech's spotlight feels like a fever dream. In the early innings of the pandemic, top companies turned into unicorns seemingly overnight as Zoom school became an actual reality for millions across the world, and a frenzy of check-writing seized investors. Then, we slowly saw the