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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Malaysia’s Tech Vision: Startup Convention Announced

AsiaTechDaily

Rafizi emphasized that the development of startup companies holds great importance in speeding up Malaysia’s economic transition toward technology and digital-based industries. The move aims to create a conducive environment for technopreneurs and supports the broader vision of strengthening the venture capital ecosystem.

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Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. million in total venture capital. With Galileo, which today emerged from stealth with $5.1

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

Rebag , which buys, sells and trades luxury items like handbags and accessories, raised a $33 million Series E round following a year of technology development and category expansion. Gorra intends to use the new capital to continue technology development on those tools, to add to Rebag’s workforce of 150 people and expand its marketing.

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The future of batteries needs more than venture capital

TechCrunch

billion) to build its Dunkirk gigafactory, which is set to be operational by 2025. French battery maker Verkor secured more than €2 billion (around $2.1

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AppHarvest is now APPH: Rise of the Rest’s First Publicly Traded Company

Revolution

rang the opening bell on the NASDAQ stock exchange, signifying the start of their new chapter in life as a public traded company after successfully completing a merger with Novus Capital Corporation. Having the opportunity to learn from the founders you back is by far one of the most rewarding parts of being a venture capital investor.

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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

TechCrunch

As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is investing up to $10 million in Brown Venture Group. billion with BIPOC and diverse businesses by 2025. Black and Latin communities were the recipients of just 2.6%

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