South Korean internet giant Kakao — in the middle of multiple investigations over antitrust and securities violations — has appointed a new CEO as it tries to turn the ship around. Shina Chung, who had been running the company’s venture arm, is moving to the top role at the company. Chung will officially step […]
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When it comes to spurring the development of cutting-edge technologies, the Chinese government is rather pragmatic in its policymaking process. In the field of autonomous driving, the country has made some big strides in defining the parameters and limitations for service providers, removing regulatory ambiguity and granting industry players the freedom to test the nascent […]
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Kenyan e-commerce and fintech platform for mass market consumers Copia Global has appointed John Lazar, the ex-CEO of Metaswitch, a Microsoft subsidiary, to its board off the back of $20 million in new funding. Enza Capital, the Pan-African VC firm that Lazar co-founded in 2019, was among the large participants in the Series C extension […]
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TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The platform, which claims to help e-commerce merchants save between 50% and 80% on international shipping costs, said the funding will fuel its expansion in its primary […]
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Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. Ahh, Zurich. The company is making the sky green — literally — with its new fuel, which it calls aerobrew. Sure, it sounds a little like a […]
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French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe. After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer. In September, Pivot started selling its […]
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With two large-scale elections in the U.S. in India next year, Threads aims to introduce a fact-checking checking program to the social network. Instagram head Adam Mosseri said that the social platform currently matches ratings from Facebook or Instagram to similar content. But next year fact-checkers will have tools to review posts. “We currently match […]
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Just a couple of weeks after announcing $22 million in fundraising, Paris-based startup studio Hexa is expanding beyond its studio model to partner with later stage companies that have already found product-market fit. Called Hexa Scale, with this program, the startup studio is looking for B2B companies that already generate some significant recurring revenue (ideally […]
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Aye Finance, an Indian startup that offers its digital lending platform to small firms, has raised $37.18 million in a fresh funding round led by British International Investment, as it looks to continue to help micro enterprises grow their businesses and employees expand their incomes. The Series F round, which takes Aye’s total fundraising to […]
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