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

TechCrunch

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.

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Modular closes $30 million seed round to simplify the process of developing AI systems

TechCrunch

But if you ask the co-founders of Modular , a startup emerging from stealth today, the software used to develop it is “monolithic,” fractured into silos piled with layers of complexity. AI has transformative potential. Modular aims to change that.

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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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Malaysian startup HOMA2U eecures $875K in pre-Series A funding

AsiaTechDaily

The funds will be used to fuel HOMA2U’s regional expansion plans, accelerate product development, and expand its market capitalization value, while promoting a circular economy within the renovation and interior design industry. This marks Quest Ventures Asia Fund II’s second investment in HOMA2U.

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The Proptech Startups Using VR & AR to Reshape Real Estate

Dream It

According to Goldman Sachs , virtual and augmented reality (AR) will become an $80 billion market by 2025, and $2.6 According to the founders, properties using the VirtualAPT content have seen over 300 percent increase for new building lease-ups. billion will be specifically for real estate. The medium is extremely powerful.

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Natives Rising wins backing to help Native Americans into tech and startups

TechCrunch

The grant was from the Reboot Representation Tech Coalition , a group of 21 tech companies which aims to double the number of Black, Latina, and Native American women receiving computing degrees by 2025, by making philanthropic investments in relevant programs.