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Nigerian founders-turn-investors are now running syndicate funds

TechCrunch

The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. Syndicate leads are often experienced angel investors or successful startup founders.

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AWS launches new $30M accelerator program aimed at minority founders

TechCrunch

Amazon Web Services (AWS) today launched a new program, AWS Impact Accelerator , that will give up to $30 million to early-stage startups led by Black, Latino, LGBTQIA+ and women founders. From a diversity standpoint, the venture capital financing landscape remains incredibly imbalanced.

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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

When Keto Kitchen had good sales in the first quarter, Meyer went to the bank to ask for expansion financing and recalled the banker asking him what a ghost kitchen was. That told him there was an opportunity for a data-driven financing tool for these types of restaurants. Ghost Financial founder John Meyer.

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LeafLink raises $40M from Founders Fund, others to cultivate its cannabis wholesale market

TechCrunch

LeafLink is today announcing it raised a $40 million Series C financing round, led by Founders Fund with participation from Thrive Capital, Nosara Capital and Lerer Hippeau. This round of financing brings the total amount raised by the company to more than $90 million. “The U.S.

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Daily Crunch: Embedded finance fintech Pezesha raises $11M pre-Series A equity-debt round

TechCrunch

Embed that finance : Pezesha, a Kenyan-based fintech startup, is flush with $11 million in new capital as it seeks to bridge the gap between access to financial products and what is a “$330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses,” Annie reports. Christine and Haje. Startups and VC.

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Revenue-based financing: The next step for private equity and early-stage investment

TechCrunch

Thomas Rush is founder of Bootstrapp and Head of Investment Platform at ConsenSys Mesh. Revenue-based investing ( RBI), also known as revenue-based financing, or revenue-share investing, 1 is a natural next step for the private equity and early-stage venture investment industry. Thomas Rush. Contributor. Share on Twitter.

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Stenn banks $50M on a $900M valuation for a platform to finance SMBs that trade internationally

TechCrunch

Now, a startup that’s built a platform to help provide financing specifically to businesses working within that supply chain is announcing some financing of its own. “Accenture estimates that the demand for finance in this business segment is $3.6 No one else is using technology to facilitate financing [for them].”