In recent years, there has been a proliferation of business intelligence tools that aim to help companies make critical business decisions based on data analytics. There’s a catch. As data adoption increases at most companies, they are left with growing administration problems, said Logan Havern, co-founder and CEO of Datalogz. “The sprawl that inevitably comes […]
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For a VC firm, the second fund is a make-or-break moment. With the initial fund, you raise money based on an investment thesis because you don’t have any track record, any return on investment to prove that you’re a capable investor. It’s a different story when it’s time to raise the second fund. And Singular, […]
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Five months after its launch in July, Meta’s social network Threads is now finally available to people living in the European Union. In a post on Threads, Mark Zuckerberg announced that Meta is opening up Threads to more countries in Europe. However, at the time of writing the app wasn’t available on the App Store […]
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Proton Mail finally has a native desktop app, rolling out now in beta for some users on Windows and MacOS. The encrypted email service has, of course, been available to desktop users since its inception nearly a decade ago — first through the web, and latterly via a “bridge” that opened access to Proton Mail accounts […]
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Instagram introduced its generative AI-powered background editing tool to U.S.-based users Wednesday. Meta’s lead for generative AI Ahmad Al-Dahle posted on Threads saying that the tool will let users change the background to their images through prompts for Stories. When users will tap on the background editor icon on an image they will get ready […]
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Qogita – a two-sided ecommerce wholesale marketplace aimed at retailers largely in the health and beauty sectors – has raised €80 million ($86 million) in a Series B round led by London’s Dawn Capital and Accel. The company plans to use the cash to expand into more categories. Also participating were previous investors Bessemer Venture Partners […]
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The investment arm of the UK retail bank M&G has led a funding of $340 million into Udaan, a business-to-business e-commerce startup, in one of the largest financing rounds secured by an Indian startup in 2023. The Bengaluru-headquartered startup, which helps merchants in smaller Indian cities and towns secure inventories from major brands as well […]
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Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current operational landscape and prevailing macroeconomic conditions in the seven markets, including Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. As a result, Jumia will cease […]
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Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors include Palm Drive Capital, angel investor Jonathan Shipman, founder of EVP and Twitch founding member, and executives from delivery platform Wolt. In 2021, co-founder and CEO Diana […]
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Elon Musk’s X, the social media platform formerly known as Twitter, is facing a new privacy complaint in Europe related to its ad targeting tools. The complaint, which is being lodged with the Dutch data protection authority by privacy rights not-for-profit noyb, accuses X of failing to enforce its own its advertising guidelines. While X’s T&Cs […]
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