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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. But critics contend that AWS Impact Accelerator doesn’t go far enough in supporting historically marginalized entrepreneurs.

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What Happened In 2020

A VC: Musings of a VC in NYC

So today, I will write about 2020 in the context of tech/startups/VC/crypto. One of the big ahas of 2020 was how much time and productivity is wasted on commuting and how much more productive we have all become without it. And they finance the trend that they are directionally correct about. That’s just how things are.

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

That’s the gap that revenue-based financing platforms like GetVantage want to fill. This brings GetVantage’s total raised so far to $40 million, along with a seed round in 2020, the same year it was launched by Bhavik Vasa and Amit Srivastava. For founders without the right network, it’s hard to find investors.

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Accelerating Working Capital

A VC: Musings of a VC in NYC

As Sandy Kemper, founder and CEO of our portfolio company C2FO puts it in this blog post : The greatest financial relief we can give small and mid-sized businesses in this economic crisis is faster payment of their outstanding invoices — liquidity. We also need things like payroll tax deferrals and other relief from the CARES Act.

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Revolut revenue grew by 57% in 2020

TechCrunch

In 2020, the company reported $361 million in revenue (£261 million) — that’s a 57% increase compared to 2019 revenue of $229 million (£166 million). In particular, Q1 2020 was a particularly bad quarter with $76 million (£55 million) in adjusted operating loss. In 2020, total non-adjusted operating loss reached $277 million (£200.6

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Korea’s leading accelerator program, K-Startup Grand Challenge’s alumni startups thriving in Asia

AsiaTechDaily

Register South Korea’s largest accelerator program for foreign startups, K-Startup Grand Challenge (KSGC) , is accepting applications for its 2022 edition. Teknobuilt got an overwhelming response from participation in KSGC 2020. The accelerator program’s positive support system helped the startup expand its business in Asia.

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Getaround tops up $25M debt financing to its $140M Series E

TechCrunch

Silicon Valley peer-to-peer car rental startup Getaround has secured a $25 million loan from Horizon Technology Finance Corporation. The financing announcement comes one month after Getaround raised $140 million from investors, including SoftBank Vision Fund, Menlo Ventures, Reid Hoffman and Mark Pincus’ Reinvent Capital.