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....
Finance company Arc has introduced what it calls a new form of financing for startups. Advance Plus, the company’s “hybrid financing” method announced Wednesday (Jan. 11), is designed to form a bridge between traditional venture debt and revenue-based financing. “Like traditional venture debt, Arc Advance Plus...
Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the macroeconomic impact on business growth and investment so far seems less severe. In fact, while startups in those regions have...
Early-stage direct-to-consumer (D2C) brands that rely on investor funding will have a difficult year ahead. This, as macroeconomic conditions worsen and venture capitalists get more conservative with their investments and expectations. Brands that are producing short-term losses in the hopes of building a business that...
With venture capital becoming scarce, tech startups are seeking new ways to finance themselves. That’s according to a report Wednesday (Dec. 20) by the Financial Times (FT), which noted that companies have resorted to deals like bridge loans, structured equity, convertible notes and participating bonds...
Venture capital funding has dwindled significantly following a banner year in the tech investment space. According to Thomas Cuvelier, partner at Paris-based venture investment firm Alven, the bulk of the blame lies with rising interest rates which have impacted not only later stage VC investing but early-stage...
Building upon its May acquisition of gamified mobile finance app Long Game, Truist has launched an innovation division that it said will function as “a startup within the bank.” The new Truist Foundry’s foundational team joins the bank from Long Game and will work with...
JPMorgan Chase will try and cater to startups with a new platform to connect founders with venture capital, according to Reuters. The platform will be called Capital Connect, and the bank told Reuters that it will focus on serving startups from their early stages. The...
As consumers increasingly look to digital channels to meet their grocery needs, small, specialized players are getting creative in their efforts to gain share from category giants by promising very specific benefits and advantages. But it’s not just customers that are taking note of the...
