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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. New York-based Endeavor is a global community of “high-impact” founders across almost 40 underserved markets in Africa, Asia, Europe, Latin America and the Middle East. and China.

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TechCrunch: Where top VCs are investing in construction robotics

Dream It

AI has also begun to play a bigger role in the construction supply chain, production scheduling, labor management, insurance and financing, risk assessment etc. According to UN forecasts, the number of people living in cities is expected to double by 2050, growing from 3.5 billion today to more than 7 billion.

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YC’s latest batch cuts African startup presence by more than half

TechCrunch

One reason it attracts the most VC dollars is how expensive building a fintech product can be when factors such as integration, compliance and licensing are considered. According to reports, Africa will be home to the second most vehicle owners in the world by 2050, at 400 million vehicles, spending over $1,000 annually on vehicle parts.

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REEF Technology raises $700M from SoftBank and others to remake parking lots

TechCrunch

SoftBank and Mubadala are joining private equity and financial investment giants Oaktree, UBS Asset Management and the European venture capital firm Target Global in providing the cash for the massive equity financing. Not that dream is subsidized by VC.” As REEF acknowledges, cities are the future.

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Mistaking performance for competence

TechCrunch

” Here is what they told me: Peter Barrett, Playground Global: Why the venture community decided to call in an airstrike on their portfolio companies is quite beyond me. Kelly Chen, DCVC: Robotics startups have an additional layer to their banking relationship, typically tying equipment financing and other debt structures to banking.