According to some estimates, 80% of medical bills contain errors; Avelis Health utilizes AI to help Americans save money on these bills. The startup recently raised $500,000 in a pre-seed funding round led by Y Combinator. Founded in February 2025 by Angel Onuoha and Ahmad Shehu, Avelis Health utilizes AI agents to scan users’ medical bills, identifying common errors and helping Americans save thousands of dollars. Onuoha’s personal experience with a chronic knee injury prompted his decision to build the company. “Over the past decade, I’ve had to fight down
Michael Seibel, one of Silicon Valley’s most influential Black entrepreneurs and investors, announced on Wednesday that he is transitioning to a “partner emeritus” role at Y Combinator (YC) after more than 12 years with the startup accelerator. “This role allows me to continue to do office hours with the 1000+ companies I’ve worked with in the past decade while giving me the free time to explore new adventures,” he shared on X. “It also means that the W25 batch was my last batch funding new YC companies.” Garry Tan, CEO
This article was first published by Lindsey Redd on Medium. Over the past couple of weeks I’ve been meeting with current and hopeful founders who want to become Y Combinator founders. They’re applying to the Winter 2024 batch, and naturally have a ton of questions about our experience applying and being accepted to YC. One of the main questions I get is “What was your interview experience like?” Of course, before there was the interview, there was the application. This is a story in and of itself that I’ll save for
Venture capital (VC) investment in African startups has seen a 33% increase compared to this time last year, according to gathered by The Big Deal. This follows similar reports of funding for African startups hitting new records in the first half of 2022. So far this year, more than 800 investors have contributed to at least one $100K+ startup deals on the continent. Investors have also been far more active than in previous years. For example, 250 firms made at least two investments (45% more than in 2021), and 60 partook
According to Forbes, Tech accelerator program, Y Combinator, has chosen venture capitalist Garry Tan as its fourth leader in its 17-year history. In January, the Y Combinator alum is set to replace the current president, Geoff Ralston, who served in this position since 2011. As a part of his new role, Tan is expected to step down from his role at Initalized Capital, an early stage venture capital firm he founded alongside Reddit cofounder Alexis Ohanian in 2012. “This is a community where people’s dreams, more or less, are fulfilled
