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Experience marketplace Pollen lays off 69 North America staff, furloughs 34 in UK

Experience marketplace Pollen lays off 69 North America staff, furloughs 34 in UK

by admin | May 19, 2020 | News

As the coronavirus pandemic continues, throwing countries into lockdown and recession, two of the hardest-hit sectors have been travel and events. And startups operating in the space that have recently raised significant funding aren’t immune to the crisis. Pollen,...
70% of Indian startups will run out of money in less than 3 months

70% of Indian startups will run out of money in less than 3 months

by admin | May 19, 2020 | News

More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than...
TikTok parent ByteDance leads $6M round in financial AI startup Lingxi

TikTok parent ByteDance leads $6M round in financial AI startup Lingxi

by admin | May 19, 2020 | News

TikTok’s parent company ByteDance has added Lingxi, a Beijing-based startup that applies machine intelligence to financial services such as debt collection and insurance sales, to its ever-expanding portfolio of investments. The AI startup has raised a $6.2 million...
African countries need ‘startup acts’ more than ever to support innovation

African countries need ‘startup acts’ more than ever to support innovation

by admin | May 19, 2020 | News

Adedana Ashebir Contributor Share on Twitter Adedana Ashebir is regional manager for Africa for Village Capital, which has supported more than 100 entrepreneurs and 15 entrepreneur support organizations in Sub-Saharan Africa since 2012. As the fallout from COVID-19...
Former Andreessen Horowitz partner Benedict Evans joins EF as Venture Partner

Former Andreessen Horowitz partner Benedict Evans joins EF as Venture Partner

by admin | May 19, 2020 | News

Entrepreneur First (EF), the London-headquartered “talent investor” that backs individuals pre-team and pre-idea to enable them to found startups, has appointed former Andreessen Horowitz partner Benedict Evans as a Venture Partner. A well-respected analyst with a...
Arculus raises €16M to upgrade assembly lines with its ‘modular production platform’

Arculus raises €16M to upgrade assembly lines with its ‘modular production platform’

by admin | May 19, 2020 | News

Arculus, the Ingolstadt, Germany-based startup that has developed a “modular production platform” to bring assembly lines into the 21st century, has raised €16 million in Series A investment. Leading the round is European venture firm Atomico, with participation from...
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