Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain

December 15, 2022

Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, has raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors. Founded in January this year, Suplyd’s B2B platform brings efficiency in the supply chain operations for businesses in the food service industry […]

Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain by Annie Njanja originally published on TechCrunch

Musk sells $3.5B worth of Tesla stock as investors voice concern over Twitter involvement

December 15, 2022

Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month. Musk hasn’t provided a reason publicly for the share sell […]

Musk sells $3.5B worth of Tesla stock as investors voice concern over Twitter involvement by Rebecca Bellan originally published on TechCrunch

Mews books $185M for its SaaS-based hotel management platform

December 15, 2022

The Covid-19 pandemic grounded travel and tourism to a halt, but as those sectors pick up speed again, so too are the more promising startups in them raising money to keep up. Today, a startup called Mews — which provides a cloud-based hotel property management platform with tools covering reservations, payments, and more — announced […]

Mews books $185M for its SaaS-based hotel management platform by Ingrid Lunden originally published on TechCrunch

Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A

December 15, 2022

Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on […]

Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A by Kate Park originally published on TechCrunch

OECD adopts declaration on trusted government access to private sector data

December 15, 2022

A notable development for the fraught issue of cross-border data flows from the Organisation for Economic Co-operation and Development (OECD) Wednesday: After two years of closed-door discussions, the intergovernmental organization has adopted a declaration on government access to data held by private sector entities. The declaration, which has been adopted by the 38 OECD countries […]

OECD adopts declaration on trusted government access to private sector data by Natasha Lomas originally published on TechCrunch

Parsing LastPass’ data breach notice

December 14, 2022

Two weeks ago, the password manager giant LastPass disclosed its systems were compromised for a second time this year. Back in August, LastPass found that an employee’s work account was compromised to gain unauthorized access to the company’s development environment, which stores some of LastPass’ source code. LastPass CEO Karim Toubba said the hacker’s activity […]

Parsing LastPass’ data breach notice by Zack Whittaker originally published on TechCrunch

Frustration and anger after SPV platform Assure dumps users at the curb ahead of holidays

December 14, 2022

Over the last decade or so, the once-clubby world of startup investing has been cracked wide open by a number of innovations, including special purpose vehicles (SPVs), which are essentially pop-up venture funds that come together quickly with monies from all kinds of accredited investors — from institutions to VCs to dentists — to nab […]

Frustration and anger after SPV platform Assure dumps users at the curb ahead of holidays by Connie Loizos originally published on TechCrunch

Apple’s Emergency SOS via satellite prompts rescue after car goes off a cliff north of LA

December 14, 2022

Apple’s new “Emergency SOS” service that lets off-grid iPhone users call for help via satellite has led to what may very well be its first successful rescue operation, certainly the first to be documented live. As related by the Montrose Search & Rescue Team, which conducted the operation, two people were in a vehicle driving […]

Apple’s Emergency SOS via satellite prompts rescue after car goes off a cliff north of LA by Devin Coldewey originally published on TechCrunch