Macron announces €5 billion late-stage investment pledge from institutional investors – TechCrunch

President Emmanuel Macron announced in a speech ahead of France Digitale Day that the French government has convinced institutional investors to invest more heavily in late-stage VC funds and asset managers in one way or another. Institutional investors have committed to investing $5.5 billion (€5 billion). “We’ll have €2 billion that will go in so-called…

Colorcon, which develops colorants, coatings and films for pharmaceutical giants, has a new $50 million fund – TechCrunch

Colorcon, a 58-year-old company that develops, supplies and supports specialty products for the pharmaceutical industry — think food colorants, nutritional coatings, the film on time-release medications — is getting into the business of funding startups. It isn’t bringing aboard any traditional venture investors or taping off a corner of its Harleysville, Pa., offices so a…

Twitch acquires gaming database site IGDB to improve its search and discovery features – TechCrunch

Amazon-owned Twitch has made a small but strategic acquisition designed to improve its search capabilities and better direct viewers to exactly the right content. The company is acquiring IGDB, the Internet Games Database (no relation to Amazon’s IMDb), a website dedicated to combining all the relevant information about games into a comprehensive resource for gamers…

The benefits and challenges of scooter sharing and beyond

Micro-mobility solutions such as scooters, bike shares, and other vehicles have flooded our cities, but many companies face mounting criticism. Rather than profiting from the “build-break-build” ethos, micro-mobility companies are being forced to navigate, sometimes at great cost, complex public and private stakeholder relationships. Striking those ideal collaborations, including between private and public sector organizations,…

This young litigation finance startup just secured $100 million to chase cases it thinks will win – TechCrunch

If you haven’t heard much about litigation finance, that may change soon. The practice dates back decades, though it’s been picking up momentum since 2006, when Credit Suisse Securities founded a litigation risk strategies unit that it later spun off. What is litigation finance? In a nutshell, the idea is to fund plaintiffs and law…