Twelve Below aims to lead or co-lead pre-seed and seed financings with the goal of earning a 10% to 15% ownership stake in the core investments from the fund.
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European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc. The Commission hasn’t named the companies involved but the move follows unannounced EU inspections back in July 2022 — which were reported to have taken place at the offices of Spain’s Glovo and German’s […]
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India’s Enforcement Directorate, its anti-money laundering agency, has found that Byju’s violated the nation’s foreign exchange law to the tune of $1.08 billion, a person familiar with the matter told TechCrunch. The findings, which ED plans to make public as early as Tuesday, follows the agency searching the premises of Byju’s and its founder Byju […]
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A Google executive said during a testimony in the Epic vs Google trial that a deal with Spotify allows the audio company to bypass Play Store fees, as reported by The Verge. Don Harrison, Google’s head of partnership, said that Spotify pays no fees when it processes its own payments and pays a measly 4% […]
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French startup Indy has recently closed a new funding round of $44 million (€40 million) with BlackFin Capital Partners leading the round. Indy started as an automated accounting platform for freelancers and other self-employed people. But the company has been slowly iterating on its product to become an all-in-one platform for freelancers, from accounting to […]
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Elon Musk’s X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims that major companies had ads appear next to antisemitic content. But the suit appears to confirm the very thing it claims is defamatory. Media Matters last Thursday published an article with screenshots showing ads from IBM, Apple, Oracle […]
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