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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

TechCrunch

Minnesota-based Brown Venture Group is a three-year-old venture capital firm that has pledged to exclusively back Black, Latino and Indigenous technology startups in “emerging technologies.” billion with BIPOC and diverse businesses by 2025. Black and Latin communities were the recipients of just 2.6%

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Allocate banks $5M to open up venture capital fund access

TechCrunch

The world of venture capital investing is a relatively small one, and relationship-based to boot. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate. Enter Allocate.

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Mage aims to be the ‘Stripe for AI;’ raises $6.3M for developer tools to build AI into apps

TechCrunch

Mage , developing an artificial intelligence tool for product developers to build and integrate AI into apps, brought in $6.3 Founder Tommy Dang started the company at the end of 2020 after working together to build internal low-code tools at Airbnb. million in seed funding led by Gradient Ventures. Mage dashboard.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

Rebag , which buys, sells and trades luxury items like handbags and accessories, raised a $33 million Series E round following a year of technology development and category expansion. Charles Gorra, founder and CEO of Rebag, declined to talk about valuation, but did say it was “a steep evolution from the last time.”

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Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs

TechCrunch

The e-commerce market in Latin America has been gaining traction over the past two years and is poised to double in size and be valued at more than $100 billion by 2025. Co-founders Allison Campbell and Sebastian Monroy started the company in 2018 and say Zubale means “jump on board or rise up” in Spanish.

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Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI

TechCrunch

100 million, diversified : MassMutual launches $100 million fund to invest in diverse founders , Dominic-Madori reports. million to help developers securely connect software services , Kyle reports. TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. Finance, meet regulation.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

million from investors over the last few months, part of which includes a recently concluded $2 million seed round that was led by the Africa-focused venture capital firm 4DX Ventures. Other investors in the seed round were To.org, Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, and Future Africa. million pre-seed round.

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