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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Google sets up $50M fund to invest in African startups. We are focusing on investments where we believe that Google could add value,” the managing director said in October.

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How VC Fundraising Favors White Men

This is going to be BIG.

This will be the post where I dangerously attempt to walk the minefield of a white male VC opining on the topic. 4) The diverse background of the founder is not the main reason why most diverse founders get turned down for investment. That pitch has never excited any VC in the history of VC funding. Ducks head.]

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Stronghold launches $100M venture arm to invest in underrepresented founders and fintech

TechCrunch

The startup, founded in 2017, partnered with IBM to create a blockchain-based stablecoin for instant payment processing. million in funding to date through its 2017 seed round, which was led by Freestyle Capital’s Dave Samuel and featured participation from a host of angel investors in venture and fintech. It has raised $3.3

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Silicon Valley’s share of US VC funding falls to lowest level in more than a decade

TechCrunch

VC investment, according to “Beyond Silicon Valley,” a new report co-produced by venture firm Revolution and PitchBook. VC dollars have gone to Bay Area startups. Since launching the platform in 2014, Case and his teams have invested in 194 companies across 89 cities. But that was a long time ago.

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Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products

TechCrunch

Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 The investment, which, according to the company, was agreed on and structured in 2020, follows the $6.3 million raised in November 2020 and led by Toyota Tsusho investment fund Mobility 54. million in a Series A extension round.

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Microcredentials for the effective VC or private equity investor

David Teten VC

Historically VC has been an apprenticeship business. VC ASSOCIATIONS. Revenue Based Financing Network Group. VCs who care. ACCELERATORS FOR EMERGING VCs. VentureForward (NVCA), includes list of all VC organizations focused on diversity. International Climate Finance Accelerator – based in Luxembourg.

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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

TechCrunch

This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.