Apparently not, if venture capital activity on the continent is any indication Alex Wilhelm Anna Heim 14 hours Did no one tell European venture capitalists and startup founders that we’re supposed to be on the cusp of a global recession? With startups and VCs all heralding the doom of investment activity across the world, you’d think a…
Apparently not, if venture capital activity on the continent is any indication Alex Wilhelm Anna Heim 7 hours Did no one tell European venture capitalists and startup founders that we’re supposed to be on the cusp of a global recession? With startups and VCs all heralding the doom of investment activity across the world, you’d think a…
Spinn’s journey started in 2016 with a crowdfunding campaign. It’s come a long way since that time, raising $40 million in freshly brewed venture capital about a year ago, and more recently announced that its machine received a software update that enables it to make cold brew. As a heat wave nestles in across the…
Conversational commerce isn’t exactly a new phenomenon, with countless companies using live chats, messaging apps, chatbots, voice assistants and more to encourage consumers to part with their cash. As part of that broader movement, the mighty WhatsApp, a dominant force in the messaging world, has been pushing deeper into the business arena with myriad tools…
In today’s earnings call, Netflix confirmed the reports that have been circulating since last week that it is renegotiating deals to allow the streamer to put content on its cheaper advertising-supported plan, the arrival of which on the platform has been moved to early 2023. “The vast majority of what people watch on Netflix we…
South Africa’s digital industry is among the fastest-growing segments of its economy. However, the low level of racial inclusion in funding and general financial muscle to compete is a growing concern, which will likely widen inequality in the future if left unaddressed. This is according to a provisional report by the country’s competition regulator, the…
Rolls-Royce and Hyundai are partnering to develop a fuel-cell electric propulsion system for advanced air mobility. The collaboration, announced Tuesday at the Farnborough Airshow in the U.K., will combine Rolls-Royce’s aviation expertise with Hyundai’s hydrogen fuel cell technology. Together, the automakers aim to deliver a joint fuel-cell electric aircraft demonstration by 2025. Aerospace could be…
Eka Care, a startup that aims to digitize the health records of Indian patients, has raised $15 million in a new financing round as it looks to hire more engineers and bring additional doctors to its platform, which has amassed over 30 million registered users and 5,000 doctors. Hummingbird Ventures led Eka Care’s Series A…
Gbike, a South Korea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. Gbike CEO Walter Yoon told TechCrunch that the deal, which is its first acquisition, will be completed in early August. The financial terms of…
Some of digital health’s best-capitalized startups are struggling. A string of healthcare unicorns have announced layoffs over the past few weeks, including Ro, Cerebral, Forward and Calibrate. While these companies are all targeting different corners of the healthcare world — from direct-to-consumer healthcare to virtual mental health support — the layoffs show a similar response…
