Milwaukee based Artificial Intelligence and machine learning technology startup Socialeads has closed a round of seed funding for an amount of $750,000. The funding round was led by The Winnebago Seed Fund with additional investment coming from Northwestern Mutual’s Cream City Venture Capital, BrightStar Wisconsin Foundation and Cream City Venture Capital. Socialeads’ AI platform is enabling financial… Read More »
Singapore-based venture capital (VC) firm Qualgro today announced that it has completed the first close of its US$100 Million second fund, with 60 per cent of the fund already committed. The new fund followed its US$50 million first fund, which has invested in 19 companies over the last three years. It includes large listed corporates, financial institutions,… Read More »
Rwanda and Uganda are emerging favourite destinations in Africa for investment in information and communications technology. However, the leading investor destinations in the ICT sector in sub Saharan Africa — Kenya, Nigeria and South Africa — have recorded a decline in investment flows. According to new data, East Africa attracted $200 million in technology-based investments… Read More »
GAIA Bespoke, a one-stop destination for women’s tailor-made Western wear, today made an announcement for its recent round of funding from Angel Investor Sanjib Jha, Lead Advisor at SIDBI/World Bank and former founding CEO of IntelleGrow. With Sanjib Jha as an Investor and Strategic Advisor, the brand will strengthen its operations followed by planned expansion to other cities. Founded by Gayatri Thampi,… Read More »
Dating and networking app Bumble has just announced the launch of the Bumble Fund, a new pot of money focused on early stage investments specifically aimed at helping diverse, female entrepreneurs raise capital for their businesses. Last year, female founders received just $1.9 billion of the total $85 billion invested by venture capitalists — that’s… Read More »
One-year-old Nigerian venture capital firm Microtraction has announced a new round of investments in two Nigerian fintech strartups – Allpro and Wallet.ng. Launched in July of last year, early-stage investment platform Microtraction invests up to US$65,000 in startups at the very earliest stage of their development. The fund recently announced its first two investments, having funded in Nigerian fintech startups CowryWise and Bitkoin Africa (both of… Read More »
Computer processing giant Intel has acquired Vertex.AI, a startup that had a mission of making it possible to develop “deep learning for every platform”, building a deep learning engine called PlaidML to do this. Terms of the deal have not been disclosed but Intel has provided the following statement, confirming the deal and that the whole team —… Read More »
To demonstrate his love for Apple, a sixteen-year-old Australian managed to hack the tech giant, where he stole some 90GB of secure files and accessed customer accounts in the process. All that information was stored in a folder aptly named “hacky hack hack.” The teen’s defense lawyer said the kid was a huge fan of… Read More »
SAP, the German-based enterprise software giant, has unveiled the New York-based cohort from its SAP.io Foundry accelerator programs focused on women-led technology companies. The first program was launched in San Francisco in July 2017, and while the company has launched additional accelerator programs in Berlin and Tel Aviv (with plans for a Paris accelerator in the fall),… Read More »
US-based fintech Mines, founded by a Nigerian team to build digital credit products for underserved populations, has raised $13-million in a Series-A round. The round was led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments and the Bank of Industry. Founded in 2014, Mines provides… Read More »
