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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. Pitchbook estimates that there is about $290 billion of VC “overhang” (money waiting to be deployed into tech startups) in the US alone and that’s up more than 4x in just the past decade.

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Nigerian data and intelligence company Stears raises $3.3M, backed by Mac VC and Serena Ventures

TechCrunch

million seed round led by MaC Venture Capital. Serena Ventures, Omidyar Group’s Luminate Fund, Melo 7 Tech Partners and Cascador (Empowering Economic Growth Foundation) participated. This is compared to the 80% revenue growth between FY 2021 and FY 2020. Five years on, this startup, Stears , is announcing a $3.3

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade. The good news: VC funding in Italy has grown. In 2019, about 300 deals were venture-backed. Will the coronavirus stymie their efforts?

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Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures

TechCrunch

But most of these companies and developers find it difficult to access real-time banking data. based Susa Ventures led this latest tranche of investment. Other investors include TLcom Capital (the sole investor from its $1 million pre-seed round in 2020), newly joined Accenture Ventures and some angel investors.

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European VC firms Amadeus and Apex partner for €80m early-stage ‘deep tech’ fund

TechCrunch

based Amadeus Capital Partners and Austria’s Apex Ventures are pooling their collective venture capital (VC) resources for a new fund specifically targeted at early-stage deep tech startups. billion in 2020, and self-driving startup FiveAI which was acquired by Bosch last year.

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‘AI-powered’ VC firm Vela emerges from stealth with $25M under management

TechCrunch

” Ihlamur decided to focus on the VC space, which he saw as behind in terms of leveraging automation and AI. With the help of several co-founders, he launched Vela Partners , a VC firm that he describes as “AI-powered” and “product-led.” Ultimately our approach marries AI with expert heuristics.”

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How African startups raised investments in 2020

TechCrunch

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. It was expected that these figures would increase in 2020. Investments did pick up, and from July, VC funding on the continent had a bullish run until December.

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