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Posts Tagged ‘world bank’

Waresix hauls in $14.5M to advance its push to digitize logitics in Indonesia

Waresix​, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV ...

Norrsken opens East Africa startup fund and hub in Kigali

Startups in East Africa have a new source for investment and mentorship. Sweden’s Norrsken Foundation—a coworking space and investment fund based in Stockholm—opened its tech fund and entrepreneurship hub in Rwanda today to support ventures across the region. Norrsken’s Kigali center is located on the former École Belge campus and will begin with seed investments of ...

Diving deep into Africa’s blossoming tech scene

Jumia may be the first startup you’ve heard of from Africa. But the e-commerce venture that recently listed on the NYSE is definitely not the first or last word in African tech. The continent has an expansive digital innovation scene, the components of which are intersecting rapidly across Africa’s 54 countries and 1.2 billion people. ...

Getting a seat at the VC table

Monique Villa Contributor Share on Twitter Monique Villa is an investor at Mucker Capital, a seed and “pre-seed” stage fund investing in companies powering a software-enabled world. She is also the Founder of Nashville-based ModernCapital, a community of startup founders and ecosystem partners committed to company building in the Southeast (#BuildInSE). We are witnessing the ...

BlackBuck raises $150 million to digitize freight and logistics across India

India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful logistics startups that is trying to overhaul this system, just raised $150 million in Series D round to further pursue its mission. The new round was led by Goldman Sachs Investment Partners and Accel at a ...

Jungle Ventures hits $175M first close on its third fund for Southeast Asia

Southeast Asia’s startup ecosystem is set to get a massive injection of funds after Jungle Ventures reached a first close of $175 million for its newest fund, TechCrunch has come to learn. Executives at the Singapore-based firm anticipate that the new fund, which is Jungle’s third to date, will reach a final close of $220 ...

Western Union, often disrupted by startups, partners with a startup for digital push in the Philippines

Global money mover Western Union is commonly a target for fintech companies, but the firm is teaming up with a startup to help increase its presence in the world’s third-most lucrative remittance market: the Philippines. Coins, the Manila-based fintech startup that was recently acquired by $10 billion ride-hailing company Go-Jek, said today that it will ...

Investors are pouring money into Latin America’s logistics and shipping businesses

New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping startup, are angling to be the next Convoy and Flexport — at a time when shipping and logistics business in Latin America is booming thanks ...

Contabilizei raises $20 million to ease Brazilians’ tax pain

Online tax filing and accounting service, Contabilizei, has raised $20 million in a new round of financing led by Point72 Ventures, the early stage investment arm associated with hedge fund guru Steven Cohen’s Point72 Asset Management. Smart money in both the venture and private equity space has been long Brazil for a bit, and the new investment ...

Moglix raises $23M to digitize India’s manufacturing supply chain

We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products that’s been making strides — today it announced a $23 million Series C round ahead of a bigger round and impending global ...