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How African startups raised venture capital in 2022

TechCrunch

Earlier this month, we reported that investors’ sentiments surrounding venture capital activity going into this were more reserved than upbeat. Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. There was reason to believe so. Briter Bridges recorded $5.2

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Ocho wants to rethink (and rebrand) personal finance for business owners

TechCrunch

Personal finance is hard – and that’s a tale as old, and difficult to disrupt, as time. And while Nagpal agrees that there’s no “north star” company that has shown how to tackle finance literacy at scale, he’s hoping that Ocho’s 10-person team may just have a not-so-boring wedge that changes that. Image Credits: Ocho.

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Why Early Valuations Might Surge in 2022

Tomasz Tunguz

This question sits atop most founders' lips and boardroom agendas. Instead of late-stage opportunities, they’ll be focusing on early-stage venture in 2022. Across Series A to Series E rounds in the US, hedge funds participated in 63% of startup financings worth more than $200B in 2021. A paltry 1.3% But by how much?

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Cloverleaf Secures $7.3 Million Series A Extension Led by Advantage Capital

American Entrepreneurship

The investment was led by Advantage Capital with participation from Conductive Ventures, Origin Ventures, ScOp Venture Capital, JobsOhio, Cintrifuse Capital and 1809 Capital. The company has tripled its revenue since its previous funding round in June 2022 and is expecting continued revenue growth with this new capital.

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What can Black VCs and founders expect in H2 2022?

TechCrunch

Black founders raised 1.3% So far this year, Black founders have raised a smaller 1.2% The past few months have seen private market investors reduce their investment pace as a possible recession looms, but that 1% figure has barely budged, meaning economic rain or shine, it’s always a challenging time to be a Black founder.

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Alloy, Synctera and Unit discuss the future of embedded finance at TC Disrupt

TechCrunch

Banking-as-a-service (BaaS), embedded finance and open banking are among the hottest topics in fintech today. In a session called “Making Money Move with Embedded Finance,” our panel will talk about how a new breed of finance infrastructure companies have the potential to turn any company into a fintech company. The promise?

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TechCrunch+ roundup: Cell-cultured meat, alternative financing, avoiding tech debt

TechCrunch

“It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.

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