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SoftBank’s Vision Fund backs online car marketplace Auto1

SoftBank’s Vision Fund – the largest ever focused on tech backing Auto1, a Berlin-based online marketplace for buying and selling cars. It is investing €460m in the five-year-old startup, one of the most highly valued in Europe at €2.9bn with the fresh investment and already backed by Baillie Gifford, DST Global and Princevile Global. SoftBank’s… Read More »

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Google Acquires UK startup Redux that turns screens into speakers

Alphabet, the umbrella corporation of Google, Inc. etc., has quietly acquired a UK-based startup called Redux, reports Bloomberg. Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones or tablets into speakers or provide haptic feedback. According to filings, Google took control of the startup back… Read More »

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Storage startup Closetbox raises $7.3 million Series A round

Startup Closetbox recently raised a $7.3 million Series A round, bringing its total amount of funding to $19.8 million. Closetbox, of course, has competitors like fellow startups MakeSpace and Omni, as well as larger companies like Pods and Public Storage. Closetbox offers “full-service storage,” which means it has professional movers come to your house to… Read More »

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The first Africa dedicated event at CES

  The Consumer Electronics Show (www.CES.tech) is the world’s biggest tech show focusing on innovation with over 170,000 expected visitors held each year in Las Vegas, USA. Africa Tech Now, the first Africa dedicated event at CES, aims to showcase the African innovation ecosystem, positioning Africa as a major actor in digital transformation. Gainde2000 (www.gainde2000.com)… Read More »

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E-commerce startup citiesocial raises $2.75M led by Alibaba

Citiesocial, a Taipei-based startup that helps emerging brands break into Asia’s e-commerce market, has raised $2.75 million led by Alibaba Taiwan Entrepreneurs Fund, a non-profit backed by Alibaba Group to support local startups. CDIB Capital and returning investor Cherubic Ventures also participated. The capital will be used to expand citiesocial into China, South Korea and… Read More »

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Online graphic design startup Canva is now worth $1 billion

Canva is Australia’s first unicorn of 2018, after raising $40 million (AUD$50.9 million) to push the design startup’s value over $1 billion. According to CEO and co-founder Melanie Perkins, Canva took on additional capital in this investment funding round. Sequoia Capital has teamed up with long-time Canva investors, Blackbird Ventures and Felicis Ventures, in backing the… Read More »

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new Chinese-backed car startup Byton set to challenge Tesla

On Sunday at CES, new Chinese-backed car startup Byton unveiled its first drivable prototype—an electric crossover with a screen for a dashboard that’s set to launch in late 2019. Byton says the car will be available near the end of 2019 with the 49-inch “shared-experience” display, touchscreen steering wheel, Amazon’s Alexa, and Level 3 autonomy…. Read More »

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Startup Health lands $19.3 million

StartUp Health, a digital health group that supports, connects and finances startups, just landed $19.3 million from Ping An Global Voyager Fund, GuideWell, Masimo Corporation, and a consortium of partners through its Transformer Fund II.  “This [funding] is a really good opportunity to focus on health innovation globally—not just looking at the hubs here in… Read More »

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