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MoveinSync Targets $50 to $60 Million in Latest Funding Drive for Commute Innovation

AsiaTechDaily

MoveinSync’s Strategic Funding Round This financing round is intended not only for growth but also to provide an opportunity for some of its early investors to partially exit. They aim to secure between $50 to $60 million.

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Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A

TechCrunch

New investors VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale also participated in the financing. The financing — which included $2.5 million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million. .

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

TechCrunch

from 2010 to 2019. According to the report, African developers created 40% more open source repositories on the software engineering marketplace in 2019 than in 2018 — recording a higher growth percentage than any other continent globally. Image Credits: ITU World Telecommunication/IOT indicators database/Endeavor.

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Israel’s startup ecosystem powers ahead, amid a year of change

TechCrunch

At the start of 2020, Israeli startups and technology companies were looking back on a good 2019. In 2019 there was a 30% increase in startup funding and a 102% increase in M&A activity. And in 2019, Bay Area investors put $1.4 In December 2018 that figure was $230 million, in 2019 it was just under $200 million.

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Lightbits Labs lands $42M to speed up server data transfers

TechCrunch

NVMe is the storage access and transport protocol for flash and SSDs. Lightbits, together with Meta, Intel, Cisco, Dell EMC, Micron and others, collaborated on the NVMe/TCP standard that was ratified in November 2019 by the NVM Express consortium.

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Extra Crunch roundup: ‘Nightmare’ security breach, Poshmark’s IPO, crypto boom, more

TechCrunch

How did fashion marketplace Poshmark go from posting regular losses in 2019 to generating net income in 2020? Embedded finance connects services like payment processing with everyday activities like grabbing a coffee before unlocking an e-scooter. @yourprotagonist. Unpacking Poshmark’s IPO filing.

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Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab

TechCrunch

It has acquired Splyt , a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by integrating other services. That in itself was enough to bring on SoftBank as an investor. When it led a $19.5

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