Posts in Category


Google has announced that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. The undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in “tech-led initiatives”, which includes a $50 million Africa Investment Fund targeted at early- and growth-stage startups on the continent. SafeBoda has rarely spoken publicly of any of its funding rounds since its inception in 2017. Still, people who know the company’s dealings say it has raised over $20 million, according to TechCrunch.

According to government figures, Nigeria has been recording massive growth in its information technology sector, but only one-fifth of IT workers are women. Now aid groups are trying to help women and girls enter the IT world by teaching them about blockchain technology and cryptocurrencies. And despite the lack of gender diversity on investment boards in the country, the funding gap, or even an unconscious bias that has frequently been reported – many female African tech entrepreneurs continue to impact the industry remarkably. For example, a report by The Women

The Olympic star partnered with Cerebral — the leading online mental health provider — as its Chief Impact Officer (CIO) in October 2021, and now it’s been valued at more than $4 billion. InnovationMap reports that the San Francisco-based company has raised $300 million in venture capital — taking its value to $4.8 billion. The Series C round led by SoftBank Vision Fund 2 and fellow investors including Prysm Capital, Access Industries, WestCap Group, and ARTIS Ventures ended on December 8. The startup focuses on providing regular assessments, video or phone appointments with patients’ prescribers,

US rapper Meek Mill has announced that he will be donating $500,000 worth of Christmas gifts to Philadelphia families in need – joining him in his quest to give back to the community is Philadelphia 76ers partner Michael Rubin, New England Patriots owner Robert Kraft, and Roc Nation. The event is reportedly taking place on December 19. “We stepping BIGGER than ever this year for the youth of the city!” he wrote via Instagram before the official announcement. Holiday gifts for families will include MacBook Air laptops, Amazon Fire HD tablets, bikes and helmets,

A migrant rights group has condemned a US tech startup’s video pitch that shows a stun gun-armed drone attacking a migrant crossing the US-Mexico border. At the same time, Twitter users called the scenario depicted “atrocious”. CEO Blake Resnick recently appeared on Fox Business News to celebrate a venture capital coup: $25 million from Silicon Valley A-listers like Sam Altman and ex-LinkedIn CEO Jeff Weiner’s Next Play Venture. He told Fox Business’s Stuart Varney that Brinc’s quadcopter drones are helping police defuse dangerous hostage situations on a near-daily basis. The

1 12 13 14 15 16 28 Page 14 of 28