Business

One of the fascinating things about watching an emerging startup ecosystem is that it isn’t just companies that are scaling, the very VC firms that feed them are growing, too. That’s perhaps best embodied by Golden Gate Ventures, a Singapore-based firm founded by three Silicon Valley entrepreneurs in 2011 which is …

The dream of a startup founder can often be summarized by the following well-intentioned, and mostly delusional, quote: “We’ll raise a few rounds and in a few years we’ll IPO on Nasdaq.” But a more likely scenario looks something like this: You invest a few years of hard work to build …

Kenya based Sokowatch aims to shake up the supply chain market for Africa’s informal retailers. The B2B e-commerce company closed a $2 million seed investment led by 4DX Ventures. Others to join the round were Village Global, Lynett Capital, Golden Palm Investments, and Outlierz  Ventures. Sokowatch’s platform connects Africa’s informal retail stores directly to …

    WeWork may be doubling down on Asia, having initially focused its efforts on China, but that isn’t stopping local players from hatching ambitious expansion plans of their own. One of those eying new markets is Hong Kong-based Campfire, which tries to stand out from the crowd with industry-focused …

ScaleFactor, the Techstars alumnus that’s selling accounting and payroll management software as a service, has raised $10 million in a new round of funding as it looks to scale up its sales and marketing efforts. Founded by longtime accountant, Kurt Rathmann, the Austin-based company has created a software service that …

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that the pace of investment isn’t slowing down. Brazil was already the hottest spot for technology …

HTC partnered with Google to launch the Android platform, but it has struggled to remain relevant in the face of ever-increasing competition from the likes of Samsung, Huawei, and Apple. The company has been losing money quarter after quarter for years, but this may be the beginning of the end. …

The sighs of relief are palpable. Uber can keep operating in London. With 3.6 million customers, 45,000 drivers, and a slew of reforms, changes and concessions already made to Transport for London (TfL), most observers expected Uber to win a reprieve – and they did. Uber passed the first of …

When Nigerian logistics startup Kobo360 interviewed for Y-Combinator’s 2018 cohort a question stood out to founder Obi Ozor. “‘What’s holding you back from becoming a Unicorn?’ they asked. My answer was simple: ‘working capital,’” said Ozor. Kobo360 was accepted into YC’s 2018 class and gained some working capital in the form of …

Many ATT mobile subscribers have noticed a small increase in their most recent bill. The carrier has more than doubled the “Administrative fee” from $0.76 to $1.99. That may be a piddling sum in the grand scheme of things, but remember that ATT has 64.5 million cellular customers. This fee …