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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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Batteries have become VC and PE’s most electric investment opportunity

TechCrunch

For the better part of a decade, VC firms and growth equity funds have plowed nearly $42 billion into battery technology startups across almost 1,700 deals, according to an analysis by PitchBook and TechCrunch. Venture capital firms aren’t unusual in the battery world. So what changed? Let’s dig in. The macro changes.

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. million jobs due to Google’s $1 billion investment in the continent.

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The grocery industry’s shopping list: Inventory management, frictionless checkout, computer vision

TechCrunch

And venture capital is here for it. Bagging capital and expanding footprints. Grocery tech is attracting VC activity for a few reasons: For one, grocery retail is such a large market — a $1 trillion industry that is poised to grow 3% each year for the next eight years, according to Grandview Research.

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Black Founders Matter presses VCs to pledge commitment to diversity

TechCrunch

The fund announced today the formation of the 25 by 25 Pledge , which encourages venture capitalists to commit to investing a quarter of their funds into BIPOC women founders by the year 2025. “This is about changing the power dynamics in venture capital,” Michel told TechCrunch.

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Hypd raises $4m to empower content creators in India

AsiaTechDaily

Register Hypd , the Indian tech platform that enables content creators to monetize their influence, has successfully raised $4 million in a pre-series A funding round led by Orios Venture Partners. Existing investors Sauce VC and Better Capital also participated, doubling down on their previous investments.

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PitchBook’s new tool uses AI to predict which startups will successfully exit

TechCrunch

The venture capital and private equity database today launched VC Exit Predictor, a tool trained on PitchBook data to attempt to suss out a startup’s growth prospects. “To ensure accuracy, predictions are made for venture-backed companies that have received at least two rounds of venture financing deals.”

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