Startups had a rough 2023, with the value of venture investments hitting a four-year low. As Bloomberg News reported Thursday (Jan. 4), investors spent the last year funneling money into artificial intelligence (AI) firms, though other tech companies struggled. The report, citing data from PitchBook,...
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech investors are scaling back their goals even as tech stocks rebound in part because of...
Flat6Labs has launched a new $95 million seed fund focused on early-stage tech startups in Africa. The Africa Seed Fund (ASF) will be headquartered in Egypt and will focus on North Africa, West Africa and East Africa, Flat6Labs said in a Tuesday (March 14) press release. “Africa...
Private equity funds are seeking new ways to close deals as debt financing becomes scarce. That’s according to a Thursday (Dec. 22) report from Reuters, which notes a 40.4% decline in worldwide buyout activity, caused by a lack of debt financing, which was itself due...
December 19, 2019
Insurance may not be the most flashy or exciting of industries, but its continued reliance on paper and inefficient underwriting processes makes the market a prime target for technology disruptors. It’s no surprise, then, that the InsurTech arena has ballooned in recent years. As all aspects of individuals’ lives migrate online, from payments to dating, […]
February 18, 2024
Amazon’s recent cancellation of its iRobot deal reportedly has European startups worried. In a recent Financial Times (FT) opinion piece, Javier Espinoza writes that entrepreneurs are concerned that if regulatory pressure keeps one of the world’s largest companies from buying the Roomba maker, it might mean other Big Tech companies will stop buying smaller ones. As PYMNTS reported, Amazon […]
January 04, 2024
Startups had a rough 2023, with the value of venture investments hitting a four-year low. As Bloomberg News reported Thursday (Jan. 4), investors spent the last year funneling money into...
July 16, 2023
Venture capital (VC) outfits are reportedly shrinking their megafunds after years of building them up. As The Wall Street Journal (WSJ) reported Sunday (July 16), these cuts illustrate the way tech...
March 14, 2023
Flat6Labs has launched a new $95 million seed fund focused on early-stage tech startups in Africa. The Africa Seed Fund (ASF) will be headquartered in Egypt and will focus on North...
