United Kingdom-based tech startups with women founders or co-founders are gaining more investment. Such startups raised £3.6 billion (about $4.3 billion) in 2022, up from £2.9 billion (about $3.4 billion) in 2021, according to data from Dealroom analyzed for the Department for Science, Innovation and...
In today’s economic environment, reaching profitability is considered a badge of honor. And that means FinTechs and startups that have yet to achieve that holy grail of profitable growth continue to face mounting pressure to do so. But according to Lucile Cornet, partner at global...
Sequoia Capital has reportedly stopped funding the crime-tracking app Citizen amid a startup financing drought. According to a Saturday (Feb. 25) Financial Times (FT) report, Sequoia had been one of Citizen’s earliest and largest backers, leading a $12 million Series A round in 2017 and...
FinTech firms are increasingly focusing on profitability, turning away from the growth-at-all-costs strategy many have long pursued. According to some investors, this strategic pivot from growth in favor of profits is necessary to win back cautious investors who are more focused on unit economics now and...
Despite growing investor concerns and a dip in valuations of many global firms, French startups continued to raise millions in venture capital (VC) funding last year. According to data from the government-backed initiative La French Tech, local startups, including eight newly minted unicorns, raised a...
Startup Wise Guys has raised 25 million euros (about $27 million) to invest in startups. The Estonia-based global accelerator fund for B2B startups said in a post on LinkedIn that it is looking to invest in 200 founders over the next two years, and it is focusing on...
Adyen is inviting applications for its first North American accelerator event. The financial technology platform said in a Wednesday (Feb. 15) press release that this edition of the Adyen Accelerator program is designed for startups that are focused on social impact initiatives in the United...
Total funding invested into African tech startups hit $6.5 billion in 2022. That’s according to a report published by venture capital (VC) firm Partech this week, which also showed that African firms largely escaped the global VC funding drought in 2022, with startup investment —...
Media startup Semafor is reportedly seeking to buy out investor Sam Bankman-Fried. The effort, reported Wednesday (Jan. 18) by the New York Times, adds Semafor to a growing list of organizations and people that have tried to separate themselves from Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX....
