Venture

Although Africa’s venture capital totals remained afloat in the first quarter, some investors and tech stakeholders think there's still a good chance the continent will join the rest of the world in a slowdown. Experts told technewss that most recently announced deals were finalized mont

Lara Lemann and Monica Saggioro of Sao Paulo–based MAYA Capital take a regional approach to investing, and their strategy is paying off. The investors raised $40 million for their first fund after starting the firm in 2018 and have now closed on $100 million in capital commitments for MAYA's

Mottu, a São Paulo-based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. The company, which aims to give independent couriers a way to work for logistics and food delivery apps, also secured $10 million in debt financing. Most, if not all, the workers ha

On the face of it, the cybersecurity sector is doing just fine. Demand for cybersecurity products remains high as cyberattacks continue to blight both public and private-sector businesses, and investor enthusiasm for all things cyber-related remains strong. But while many expect the cybersecurity i

Ever hear a great idea that's so obvious — like wheels on luggage, for example — that you can't help but wonder why someone didn't think of it sooner? Welcome to Audience Choice at technewss Disrupt. Today, we're launching Audience Choice voting and inviting you — our Tec

"attachment_2344177" aria-describedby="" style="width: 1024px">Image Credits: Coalition In 2020, Thrive Capital asked a cohort of folks — including Glossier VP of Communications Ashley Mayer, Cityblock Health co-founder Toyin Ajayi, Umbrella co-founder Lindsay Ullman and Tribe AI co-founder Ja

It would be foolhardy to describe any tech sector as immune from the recent slowdown in venture funding. Yet robotics is doing better than most, with startups reaping more than $5 billion in the first five months of 2022. You don't have to dig much further to discover that logistics and fulfill

The auto industry is banking on electric vehicles to slash planet-cooking emissions, but EVs are still too expensive to knock gas-guzzlers out of the game. For now, at least. Sure, EV sales are up, maintenance costs are low and gas prices are high, making combustion engines look all the worse. But

Sara Brand and Kerry Rupp of Austin, Texas-based True Wealth Ventures defy many trends in the venture capital world. The investors, who raised $19.1 million for their first fund in 2018, have just closed on $35 million in new capital for their firm’s second fund. In an ecosystem where women m

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 prev

If SoftBank investors were already feeling shaken by the conglomerate’s poor performance this year, a news release out of the company tonight isn’t exactly going to assuage their concerns. The big news? French businessman Michel Combes, who was appointed as CEO of SoftBank Group Interna

Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 billion in capital commitments. The fund, which closed last week, would be notable in any market. It’s a lot of money. But

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. Good afternoon, you fine humans! We hope you had a lovely weekend. Christine is off on a well-deserved holiday, and I'm going to be working on some special pr

Bill Gates joined us at technewss Sessions: Climate 2022 last week to discuss his priorities in terms of investment projects and technological breakthroughs needed to effectively address climate change. Gates provided an updated picture of where we're at compared to the context in which he wro