SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC firm Novastar Ventures’ future funds. Following the deal, SBI Holdings will take a minority stake in Novastar and get a non-executive seat in its […]
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Ten years ago, Pear VC, then a tiny new venture firm, operated out of a nondescript office in Palo Alto that was enlivened by bright, computer-themed art. Last week, the outfit – which closed its largest fund to date last spring – quietly inked a deal to sublease 30,000 square feet of “Class A” office […]
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Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Peterson sent to staff Wednesday. Flexport will restore Convoy’s trucking logistics services for customers in the coming weeks, reads the memo, shared by Freight Waves. Peterson said Flexport won’t acquire the business or […]
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Getting enough people to pay attention to you and to your thesis can help beyond raising money.
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Grants are the lifeblood of many organizations. But procuring them often turns out to be a time-consuming, labor-intensive process. Writing a proposal can take hundreds of hours, require the services of a specialized grant writer and cost thousands of dollars — narrowing the pool of potential applicants. Sean Carroll, the former chief of staff and […]
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Security researchers say they have observed what they believe is a takedown of the notorious Mozi botnet that infiltrated more than a million Internet of Things devices worldwide. In research shared with TechCrunch ahead of publication on Tuesday, researchers at cybersecurity company ESET say that they witnessed the “sudden demise” of Mozi during an investigation […]
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YouTube is now cracking down on ad-blocker usage globally, by showing warnings about breaking the platform’s terms of service. In some cases, the company is preventing users from viewing more videos unless they disable ad blocks. The video streaming platform started experimenting in June where it showed a message to users saying that the video […]
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Every year, Temasek teams up with Bain & Company on the e-Conomy SEA report. It covers Southeast Asia’s digital economy and is published by Google. This year’s report, published today, underscores what many startups and investors already know—the region’s funding landscape is currently challenging to navigate. On the bright side, there’s still plenty of “dry […]
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