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Finding Founder-Market-Geography Fit

Revolution

One is “tentpole company,” or a category-defining startup that helps put their hometown on the map, both for investors and future generations of founders. Internally, we’ve begun using the term “founder-market-geography fit” to describe this idea. What is Founder-Market-Geography Fit? Let’s get into it.

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Bangladesh transport tech startup Shuttle raises $1.5m

AsiaTechDaily

Register Bangladeshi transport-tech startup Shuttle now has a total of $2.5 million in a recent funding round led by South Asia Tech, a growth-stage VC fund that is focused on logistics and e-commerce startups in the region. The post Bangladesh transport tech startup Shuttle raises $1.5m No account yet?

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Venture Capital Firm Goodwater Secures $1 Billion in New Funding

AsiaTechDaily

Register Venture capital firm Goodwater has concluded its latest funding round, raising $1 billion in capital commitments for its fifth early-stage and third opportunity-style funds. Founded in 2014 by industry veterans Chi-Hua Chien and Eric Kim, Goodwater is the largest venture capital fund focused on consumer tech investments.

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Venture capital will soon be brimming with ghosts

TechCrunch

The tech industry loves generalizations — and don’t worry, I enjoy my fair share too — but as the downturn continues to play out, it’s increasingly important to think about the structural changes that may be forming in the venture capital landscape. Venture firms, unlike unicorns, often don’t have hundreds of employees to cut.

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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Collectively , they have raised over $100 million in venture capital. Google also recently launched Black Founders Fund, a non-dilutive $3 million fund allocated to 50 startups yearly. . Fintech startups and those from Nigeria, Kenya, Egypt and South Africa get looked at the most by venture capitalists.

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

TechCrunch

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. million jobs due to Google’s $1 billion investment in the continent.

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Logistics startup Slync raises $24M, attempts to distance itself from disgraced founder

TechCrunch

He told private bankers that the $20 million, which amounted to 40% of the $50 million Slync raised from angels and venture firms, represented “a distribution from my company” — a distribution that Slync’s board of directors never authorized. Meanwhile, some of Slync’s staff went months without pay.

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