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

TechCrunch

As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is investing up to $10 million in Brown Venture Group. billion with BIPOC and diverse businesses by 2025.

ventures 101
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Pangyo Techno Valley Game Companies Target Middle East Investment Opportunities

AsiaTechDaily

Register The Korean Ministry of Culture, Sports and Tourism (headed by Minister Park Bo-gyun) conducted an investment briefing on July 24, focused on attracting investment from the UAE sovereign wealth fund for content industries, including games , dramas, and webtoons.

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Vietnam-based Anfin makes stock investing accessible

TechCrunch

million pre-Series A led by angel investor Clement Benoit, the founder of Stuart and Not So Dark, and Y Combinator. The funding will be used on Anfin’s product development, especially its social investment features, including one that lets users host and join live audio rooms.

investing 101
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TechCrunch: Where top VCs are investing in construction robotics

Dream It

These changes will create opportunities for founders across the entire stack of computer-aided design tools for architects, Geographic Information Systems (GIS), Building Information Modeling (BIM) tools, and finally integration with 3-D environmental models to understand and design the lifetime impact of the buildings.

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Ample’s founder explains what it takes to scale EV battery swapping

TechCrunch

Billions of dollars have gone into developing batteries that can handle fast charges as well as chargers that can top up a vehicle in as little as 20 minutes. Beijing is throwing its weight behind a few companies advancing the technology as part of its broader plan to ensure 25% of all cars sold are electric by 2025.

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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.

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ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence

AsiaTechDaily

Register Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new private investment fund in Hong Kong. The fund, known as Cool River Venture, will primarily focus on investing in technology-related industries. With a net worth of approximately US$42.3