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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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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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Cansativa Group grabs capital as Germany readies for recreational cannabis market

TechCrunch

Snoop Dogg, rocked the stage at Sunday’s Super Bowl, and now his Casa Verde Capital team is pumping new funds into Frankfurt-based Cansativa Group , touted as the “largest medical cannabis distributor” in Germany. billion in value by 2025. Calvin Broadus, a.k.a. to the table,” Sons said.

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Cooky raises $4.5m led by Nextrans and Do Ventures

AsiaTechDaily

In a statement, Cooky said the fresh funds came from Korea-based investment firm Nextrans and local venture capital firm Do Ventures. “We by 2025, according to Cooky’s estimates. led by Nextrans and Do Ventures first appeared on AsiaTechDaily - Asia's Leading Tech and Startup Media Platform.

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4DX Ventures and Flutterwave back Francophone Africa’s CinetPay in $2.4M round

TechCrunch

Pan-African venture capital fund 4DX Ventures and unicorn Flutterwave are the investors in the round, and it signifies two particular markers for the pair. “Our vision is to be the first payment aggregator in Francophone Africa by 2025. million in seed funding.

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

TechCrunch

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. The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.

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Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs

TechCrunch

The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. And like in the United States and elsewhere, customers in LatAm expect that when they submit an order online, it arrives at their homes accurately and quickly.

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