VC funding

State Regulator Closes Silicon Valley Bank and Appoints FDIC Receiver
State Regulator Closes Silicon Valley Bank and Appoints FDIC Receiver
March 10, 2023  |  Banking

Silicon Valley Bank has been taken over and closed by a state financial regulator. The California Department of Financial Protection and Innovation (DFPI) took possession of the...

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Impel Raises $104M to Help Car Dealers Improve Digital Engagement
Impel Raises $104M to Help Car Dealers Improve Digital Engagement
January 19, 2023  |  Connected Economy

Impel has raised $104 million to grow its digital engagement software for automotive manufacturers, dealers and third-party marketplaces. The company will use the new capital to...

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BNPL Firm Tabby Raises $58M Series C for Expansion
BNPL Firm Tabby Raises $58M Series C for Expansion
January 18, 2023  |  BNPL

Dubai-based FinTech Tabby has raised $58 million in a Series C funding round. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and...

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SYKY Raises $9.5M to Fund Digital Fashion ‘Renaissance’
SYKY Raises $9.5M to Fund Digital Fashion ‘Renaissance’
January 17, 2023  |  Retail

Fashion brand SYKY has raised $9.5 million for its bid to build a blockchain-based luxury platform. “Fashion is on the verge of a renaissance, powered by technology and...

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Cake Ventures Launches $17M Fund Focused on Demographic Change
Cake Ventures Launches $17M Fund Focused on Demographic Change
January 13, 2023  |  Investments

Cake Ventures has announced a $17 million seed and pre-seed fund focused on demographic change. The venture capital firm aims to invest in founders building companies...

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How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?
December 23, 2022  |  Investments

After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the...

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$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
$2.5M in Funding Raised by Nigerian Online Furniture Seller Taeillo
December 21, 2022  |  B2B Payments

Nigerian online furniture store Taeillo now has $2.5 million in funding raised to ramp up production. The Lagos-based investment company Aruwa Capital Management, a female-founded...

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FTX Crypto Investments Reflect Disarray at Failed Exchange
FTX Crypto Investments Reflect Disarray at Failed Exchange
December 20, 2022  |  Cryptocurrency

In contrast to the rest of the imploded FTX crypto group’s black box financials, venture capital (VC) investments of Sam Bankman-Fried (SBF) and his sister...

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EU Tech Sector Sees $400B in Market Cap Wiped Out
EU Tech Sector Sees $400B in Market Cap Wiped Out
December 07, 2022  |  Investments

Europe’s tech sector saw $400 billion in value erased this year. That’s according to a new report by the London-based venture capital (VC) firm Atomico,...

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