Cabify, the Madrid-based Uber rival, says it’s raised $110M in new funding
It’s 2023, and we’re years past the peak of monster fundraising for on-demand transportation and delivery startups locked in highly competitive races with each other to dominate urban consumer mobility. But with many of the biggest and most tenacious players still in the market, those rounds have not disappeared altogether. Today, Cabify — the Madrid-based platform that competes against Uber in Spain and Latin America — is announcing that it has picked up $110 million in funding — money that it
How an outsider’s freedom can make a successful startup founder
Building a startup in a sector you’ve never worked in might seem a risky move, but it can actually provide a competitive advantage. That’s certainly proven true for Vivino. Founded in 2010 in Copenhagen, the scaleup has raised $221 million in funding, and become the world’s most downloaded wine app and largest online wine marketplace, with a community of 50 million users. This success came despite an unconventional background. Vivino’s cofounders didn’t come from a place with a rich history of w
Techstars-backed Fez Delivery gets funding to scale its last-mile logistics platform
Fez Delivery, a Lagos-based last-mile logistics startup with hubs across Nigeria, has raised $1 million led by pan-African investor Ventures Platform with participation from Voltron Capital, Acasia Ventures and other angel investors.
Founder and CEO Seun Alley, in a statement, said the company plans to use the seed investment to deepen its work in Nigeria (which has a $10 billion transport and logistics market) while it considers expansion — from Q4 2023 — into other African markets, including
Sequoia Capital India, GFC back 1-click payment checkout startup Nimbbl in $3.5m funding
Nimbbl, an Indian startup seeking to improve conversions for merchants with its 1-click payment checkout solution, has raised $3.5 million in seed and pre-Series A rounds from Sequoia Capital India, Global Founders Capital (GFC), financial services platform Groww and a list of angel investors, the startup said Tuesday.
The Mumbai-headquartered startup offers a 1-click checkout solution with a list of payment methods including various Buy Now Pay Later (BNPL) options and Indian government-backed
When life gives you carbon, make Carbonaide
Concrete. Ubiquitous. A mainstay of the construction industry — over 10 billion cubic meters of concrete are used every year. And also responsible for up to 8% of CO2 emissions — one ton of ordinary Portland cement creates somewhere between 800 and 900 kilograms of CO2 emissions. Finnish startup Carbonaide has just raised €1.8 million (~$1.9 million at today’s exchange rate) in seed funding to knock down concrete’s carbon emissions but not the construction industry.
“Our goal at Carbonaide is to
Elon Musk says Twitter will only show verified accounts on its algorithmic timeline
This is a new chapter of Elon Musk and his strange Twitter decisions. This time, the social network’s CEO has declared that Twitter will only show verified accounts on the algorithmic “For You” timeline starting April 15.
In a tweet, Musk justified the move by saying this is the “only realistic way to address advanced AI bot swarms taking over.” While the Tesla CEO suggested that the move to prohibit non-verified accounts from recommendations was to tackle bots, he mentioned that “verified” bots
‘High conviction, low volume’: Playfair launches $70M pre-seed fund for European startups
Early-stage investments inherently have a higher risk of failing, but these risks also come with potentially higher rewards — getting in at the ground floor of a startup’s journey gives VCs more negotiation clout. This is particularly true at the very early pre-seed stage, where companies might barely have a functioning product to shout about. And this is something that London-based generalist VC firm Playfair Capital knows all about, given its focus on backing super young startups that have yet
Disney cuts metaverse division as part of broader restructuring
Walt Disney Co. has eliminated its metaverse division as part of staff cuts that promise to reduce head count by around 7,000 across the company over the next two months, reports The Wall Street Journal.
CEO Bob Iger said Monday that those layoffs would begin this week. Disney’s next-generation storytelling and consumer experiences unit, the small division that was developing metaverse strategies, looks like it’s one of the first to go.
The metaverse division is headed by Mike White, who was pro
Allegations of assault and drink spiking surface after GDC 2023
Multiple people were reportedly harassed, assaulted, or drugged during the Game Developers Conference, prompting a wide discussion.Read More
Tesla brings back European referral program as end of Q1 nears
Tesla is bringing back its referral program to Europe, a strategy that taps into the brand loyalty of customers as it seeks to preserve market share and boost sales before the first quarter of 2023 closes.
The referral program follows Tesla’s move to reduce prices in a variety of markets, including Europe, China and North America.
Starting Tuesday in Europe, new Tesla buyers can receive 100 so-called “Loot Box Credits” when referred by a current Tesla owner, who will get 2,000 credits for the re
Twitter celebs balk at paying Elon Musk for blue check mark
William Shatner, Monica Lewinsky and other prolific Twitter commentators — some household names, others little-known ...
Elon Musk: Twitter says parts of source code leaked online
Parts of the source code which underpins multi-billionaire Elon Musk's social media platform have been leaked online, Twitter ...
Grimes Reveals New Name of Daughter with Elon Musk, Shares Rare Photo of the 15-Month-Old
Grimes and Elon Musk welcomed a daughter in Dec. 2021 Grimes is sharing a new update on her little girl. The singer and mom ...
Grimes Reveals Her Daughter With Elon Musk Has a New Name
Grimes says her daughter with Elon Musk, Exa, has a new name. Last week Grimes shared a picture of the 1-year-old and replied ...
Elon Musk and Grimes’ daughter is now named Y to signify curiosity
Elon Musk and Grimes have given a new moniker to the 15-month-old they had originally named Exa Dark Sideræl. Grimes revealed ...
Elon Musk Sends a Message to Warren Buffett
The serial entrepreneur says the legendary investor would have realized a huge profit if he had invested in Tesla in 2008.
William Shatner is mad he may have to pay to keep his blue Twitter checkmark. Elon Musk says too bad
Elon Musk and William Shatner clashed on Twitter over the weekend after the Star Trek actor complained about being forced to ...
Elon Musk Warns a New Financial Crisis Is Knocking at the Door
Commercial real estate debt and mortgages are a 'serious' threat to the economy, warns the serial entrepreneur and ...
Grimes changes her and Elon Musk’s daughter Exa’s name to symbol for ‘curiosity’
The singer tweeted that the 1-year-old goes by “Y now, or ‘Why?’ or just ‘?'” ...
Twitter's Value Has Plummeted Since Elon Musk Took Over, Elon Musk Says
But advertising revenue, which comprises the bulk of Twitter’s earnings, plummeted after Musk took over, thanks to a series ...