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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. At the time, I didn’t even know that raising venture capital was a possibility.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory. Valar Ventures led the investment, which brings Neo’s total funding to $234.7

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TomoCredit raises $7M to help the cash rich and credit poor

TechCrunch

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. Backstage Capital founder Arlan Hamilton is one of the investors TomoCredit won over. “I Kim, who immigrated to the U.S.

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Immi takes in $3.8M to cook up plant-based instant ramen

TechCrunch

“My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”. Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. billion of value in the U.S.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds. They started Marco in 2019 and now have offices in New York, Dallas and across Latin America. How tech can build more resilient supply chains.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. After emerging from stealth in 2019, Sima.ai After emerging from stealth in 2019, Sima.ai It brings Sima.ia’s total capital raised to $150 million.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. GreatPoint Ventures and August Capital, among other existing investors, are participating in the Series B round as well. “We