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SXSW 2022: Building the Sustainable Startups of the Future

Revolution

As the imperative to tackle climate change mounts and more consumers seek brands that align with their environmental values, major companies have sustainability firmly on their radar. Another waste-reducing initiative: using the residual liquid from cooking chickpeas (known as aquafaba ) to make more flavorful and sustainable garlic dressing.

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SG’s Equatorial Space bags $1.5m in Seed funding

AsiaTechDaily

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. The round was also joined by SEEDS Capital and Masik Enterprises. The funding will be used to develop Equatorial Space Systems’s Dorado commercial-sounding rocket family.

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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There TC: Was it worth it for you to get a charter as a company? And if so, why?

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. As a data-driven company, we contribute to making the logistics industry fit for a sustainable future; ensuring transparency, flexibility and efficiency in the distribution of goods.

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Indonesia’s Qoala scores $7.5m in responsAbility-led funding round

AsiaTechDaily

Harshet Lunani, Qoala’s Founder and CEO, said the recent funding would enable the firm to further simplify insurance ownership by advancing its product offerings and experience, strengthening its position for sustainable growth in the region. The post Indonesia’s Qoala scores $7.5m

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The 4 Questions Startups Should Ask Themselves about Building with Generative AI

Tomasz Tunguz

Market : how to compete with incumbents? Usage & distribution, like in classical SaaS, are likely the most sustainable & repeatable. In the cloud, AWS, Azure, & GCP have created about as much market cap as all the top 100 B2B & B2C publics built on cloud (Netflix, ServiceNow, AirBnb, etc).

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Digital freight forwarder Forto raises another $50M in round led by Inven Capital

TechCrunch

Not only do customers get incredible insights into their supply chain, they can also make smarter, sustainable decisions.”. “Forto has proven to be essential in a sector which is under increasing pressure amidst a global pandemic and is dominated by fragmented, non-digital incumbents,” added Michiel Kotting, partner at Northzone.

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