article thumbnail

Despite the downturn, CVC gains traction in Brazil’s startup ecosystem

TechCrunch

Despite the challenging fundraising environment of 2022, we saw more big corporations launching their corporate venture arms in Brazil last year than during the boom years of 2020 and 2021. This has resulted in a dynamic where the majority of the successful and mature startups in Brazil are fintechs.

article thumbnail

After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

TechCrunch

In fact, even some of the excesses of 2021 were eclipsed when the number of investments on the continent rose higher in 2022 than they had a year earlier, boosted by early-stage firms flocking to fund startups in the wake of landmark exits of homegrown companies like Jumia and Paystack. For global venture capital, 2021 was an outlier.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Zealand’s startup ecosystem poised to grow more ‘tall poppies’

TechCrunch

For a very long time, startups in New Zealand had been crying out for capital,” said Imche Fourie, co-founder and CEO of Outset Ventures, a deep tech incubator in Auckland that invests in seed and pre-seed science and engineering companies. billion, from Q1 2020 to Q4 2021. In 2020, VC investments totaled NZD $127.2

article thumbnail

AHG Lab Secures $4M in Funding to Boost Philippine Startups

AsiaTechDaily

million in its seed round in 2021, with support from Philippine’s venture capital investor Foxmont Capital Partners. The Philippines-based AHG Lab intends to utilize the raised funds to develop further the more than ten startups it is currently nurturing under its wing. AHG Lab had previously secured $1.1

article thumbnail

Co-Creation Hub’s edtech accelerator puts $15M towards African startups

TechCrunch

Over the years, mobile and internet penetration and smartphone access have increased; according to GSMA Intelligence’s report, mobile phone subscribers accounted for 46% of Sub-Saharan Africa’s population, while smartphone adoption was 64% in 2021.

article thumbnail

The startup landscape has shifted dramatically: Accelerators must adapt or fade away

TechCrunch

growth from 2020 to 2021. The number of accelerators has more than doubled since 2014 , while the number of accelerator-backed startups in the U.S. has nearly quadrupled in the same time period (investments from 2005 to 2015 and total investments through 2021 ). building companies in-house) or incubator (e.g.,

article thumbnail

K-Startup Grand Challenge: The South Korea accelerator program that is ‘a gateway’ to doing business in Asia

AsiaTechDaily

In July 2021, the United Nations Conference on Trade and Development (UNCTAD) upgraded Korea’s status to a developed economy. The country strives to create a balance between industrial conglomerates and the startup ecosystem. The top 10 teams got monetary awards worth $10,000 to $120,000 on the demo day of KSGC 2021.