Africa’S Top Angel Tomi Davies Eyes Startups And Co-Investors
Budget devices are still the heart of Motorola’s portfolio: Brian Heater
People were already buying fewer handsets well before COVID-19 came into our lives. Now that the pandemic has impacted most of the world, however, those figures have taken an even more sizable dip — with shipments down 12% by the latest count. Budget devices …
YC-backed Tajir raises $1.8M to help mom-and-pop stores source inventory in Pakistan: Manish Singh
A number of high-profile firms and startups have set up logistics networks in India in the last decade as they attempt to digitize neighborhood stores. Bangalore-headquartered startup Udaan, for instance, works directly with brands and sellers to source inven…
PhotoRoom automagically removes background from your photo: Romain Dillet
Meet PhotoRoom, a French startup that has been working on a utility photography mobile app. The concept is extremely simple, which is probably the reason why it has attracted a ton of downloads over the past few months. After selecting a photo, PhotoRoom remo…
Africa’s top angel Tomi Davies eyes startups and co-investors: Jake Bright
When Nigerian angel investor Tomi Davies backed his first company — Strika Entertainment in 2001 — he admits he wasn’t aware of his future role. “I was just helping out friends. I didn’t know it was angel investing. I didn’t know there was a structure to it,”…
Mubadala to invest $1.2 billion in India's Reliance Jio Platforms: Manish Singh
Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a on…
Here's what is driving GM's reported plans to develop a commercial electric van: Kirsten Korosec
GM’s electric offensive to bring at least 20 new EVs to market by 2023 reportedly includes a commercial van. Reuters reported Thursday that the company is developing an electric van for the commercial market code named BV1. The vehicle is expected to start pr…
Ethena raises $2 million in seed funding for smarter anti-harassment software: Natasha Mascarenhas
Corporate harassment training is often defined by mandatory annual workshops, stock photo-ridden curricula and, often, outdated scenarios. Harvard graduates Roxanne Petraeus and Anne Solmssen think there’s a business in doing better than that. The duo co-foun…
FTC fines kids app developer HyperBeard $150K for use of third-party ad trackers: Sarah Perez
The U.S. Federal Trade Commission (FTC) today announced a settlement of $150,000 with HyperBeard, the developer of a collection of children’s mobile games over violations of U.S. Children’s Online Privacy Protection Act Rule (COPPA Rule). The company’s applic…
OTTO Motors raises $29M to fill factories with autonomous delivery robots: Kirsten Korosec
When Clearpath Robotics CEO and co-founder Matthew Rendall looks at the “miles” of roads inside industrial factories, he sees them filled with autonomous vehicles. And in the past five years, the company has inched toward that goal through its industrial divi…
Mercato Partners just launched Savory, a $90 million fund focused on fueling fast-casual restaurant concepts: Connie Loizos
Mercato Partners, a 13-year-old, Salt Lake City, Utah-based investment firm that oversees a growth fund, a secondary investment fund, and a venture fund, has launched yet another fund — this one a $90 million vehicle that the firm says will be used to invest …
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