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Australia’s Avarni raises $3m to speed up decarbonization efforts

AsiaTechDaily

Register Australian carbon management startup Avarni raised $3 million to streamline the future of carbon management in a funding round led by deep tech venture firm Main Sequence. Yammine said that to date, climate risk is one of the biggest concerns for executives, boards and shareholders and this problem is not going away anytime soon.

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Should Founders Still Raise in an Economic Downturn?

Dream It

If the investors don’t seem to be on board at the end of your pitch, ask them what milestones they would like to see you achieve to get them to write you a check in the future. In general, companies can expect to come out of accelerators at half the valuation they would otherwise have in favorable economic environments.

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

This is Part 2 of a two-part examination of the state of the startup capital market during the past two years. From an investor’s perspective, 2022 witnessed a sudden market reversal from an extreme equity seller’s market to an equity buyer’s market, causing dislocations throughout angel, VC, and startup ecosystems.

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OkHi gets $1.5M seed extension to scale its smart address verification service across Africa

TechCrunch

But the challenge of address verification has a broader impact on the socio-economic environment. According to a survey conducted by OkHi, a smart addressing startup on hundreds of Nigerians, 78% stated they were required to prove their address to get a job. Bolaji Balogun, CEO of Chapel Hill Denham, will join OkHi’s board.

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The Station: Restructuring ripples and the next investor darling of the EV era

TechCrunch

The Michigan-based autonomous ride-hail and shuttle startup raised $111 million in a Series C round that it says will help it get to driver-out operations in 2023. Lightship , a new all-electric RV startup steered by Tesla alumni, raised $23 million in a Series A led by Victoria Beasley of Prelude Ventures. Autonomous vehicles.

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Pigment raises another $65M to build the modern business planning platform

TechCrunch

French startup Pigment has raised a new round of funding less than a year after raising a $73 million Series B round. While Pigment isn’t disclosing the valuation of the startup, it is going up following today’s deal. Because there was an opportunity and because the current economic environment doesn’t look great.

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Rivian delivers on Q2 revenue, expects loss to widen another $700M

TechCrunch

The company also announced the addition of former Bosch and Daimler exec Harald Kroeger to its board. Demand for the EV firm’s SUVs and trucks also kept climbing; its backlog of preorders hit 98,000 at the end of June, Rivian told investors. That slump came in May, when Ford dumped millions of Rivian shares. per share, or up 4%.