Startup

Startups should definitely work with government agencies to help support projects for defense

Startups should definitely work with government agencies to help support projects for defense

In these days of increased tensions and global turmoil I believe that startups can play an important role in our defense as well as national security ecosystem by bringing the modern technology to public institutions, a few of them are shockingly in the midst. Entrepreneurs, as well as active investors within the industry are in …

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Employees and customers express disappointment with the Austin accelerator's unfulfilled promises

Employees and customers express disappointment with the Austin accelerator’s unfulfilled promises

Newchip, an online accelerator that made promises to support startups, has recently filed for bankruptcy and is now grappling with insolvency while facing dissatisfaction from both employees and clients. On May 4, numerous employees staged a walkout, demanding the resignation of founder Andrew Ryan as CEO. According to Ryan’s LinkedIn profile, he started Newchip in …

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Montana recently implemented a ban on TikTok.

Montana recently implemented a ban on TikTok.

Governor Greg Gianforte of Montana has officially enacted the most stringent regulations in the nation against TikTok, the Chinese-owned social media platform. With mounting pressure on TikTok from both Congress and state legislatures across the United States, Montana’s actions significantly intensify these concerns, although the matter of enforcement still remains uncertain. Governor Gianforte declared, “Today, …

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Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy, has raised $38 million in Series B funding at a valuation of $300 million, according to two people familiar with the matter, signaling revived investor interest in a B2B e-commerce market going through some reckoning. Frankfurt-based specialist fintech investor CommerzVentures, Stockholm-based but Africa-focused growth-stage investor Norrsken22, U.S.-based growth-stage funds Fluent Ventures and Proof VC and pan-African early-stage investors CRE Ventures and Jaango are some of the investors in this round, the people said. Sabi declined to comment on the matter. The informal trade sector makes up most of Africa’s $1 trillion retail market. The largely fragmented industry has welcomed innovation from several startups trying to connect informal retailers to manufacturers and large wholesalers via digital platforms like apps and a network of logistics and distribution services over the last couple of years.

Sabi, a B2B e-commerce startup based in Africa, surpasses a valuation of $300 million through recent funding.

Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy, has raised $38 million in Series B funding at a valuation of $300 million, according to two people familiar with the matter, signaling revived investor interest in a B2B e-commerce market going through some reckoning. Frankfurt-based specialist fintech investor CommerzVentures, Stockholm-based …

Sabi, a B2B e-commerce startup based in Africa, surpasses a valuation of $300 million through recent funding. Read More »

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