It’s exciting times for growth-stage investment in Africa as Norrsken22, a Pan-African venture capital firm, achieves the final close of its debut fund, raising a total of $205 million, surpassing its initial target. This also highlights a keen interest from institutional investors in supporting African startups at an essential phase of their journey. Norrsken22, established … Read more
The Oregon football team got its biggest win of the season Saturday with a dominant 35-6 win over Utah, but head coach Dan Lanning used the end of his postgame news conference to look beyond football. Lanning, in his second season with the Ducks, spent nearly two minutes discussing gun violence in America in the … Read more
Please use Chrome browser for a more accessible video player Despite leading in Austin early on, McLaren’s Lando Norris insists he’s very happy with the team’s results over the weekend at the United States Grand Prix Despite leading in Austin early on, McLaren’s Lando Norris insists he’s very happy with the team’s results over the … Read more
Singapore-based Qosmosys has closed an astonishing $100 million seed round to develop its lunar lander tech. The company did not disclose its investors, nor did a Qosmosys spokesperson respond to TechCrunch’s email. In a press release published to its website, the startup simply said that it practices a “unique and protective funding model.” “The structure … Read more
Satya Nadella, CEO of Microsoft Corp., during the company’s Ignite Spotlight event in Seoul, Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Microsoft has closed its $69 billion acquisition of video game publisher Activision Blizzard, according to a regulatory filing by the company on Friday. It’s Microsoft’s largest deal in its 48-year history … Read more
Section 32, a venture firm founded by ex-Google Ventures CEO Bill Maris, has closed on $525 million in capital commitments across its fifth fund, TechCrunch is first to report. A portion of the capital will go toward early-stage investments, while the remaining will be reserved for follow-on opportunities. The San Diego, California, firm, which now … Read more
The Afghan Embassy says it is closing in New Delhi from Sunday due to a lack of diplomatic support in India and the absence of a recognized government in Kabul ByASHOK SHARMA Associated Press October 1, 2023, 12:45 AM A cyclist pedals past the Afghan Embassy in New Delhi, India, Saturday, Sept. 30, 2023. India’s … Read more
Mercury Fund, an early-stage venture firm, closed on $160 million in capital commitments for its fifth fund, also its largest. In general, it’s been a busy month for venture capital firms announcing new capital commitments. Mercury Fund joins firms, including Mythos Ventures, Connect Ventures, Fuse and Unconventional Ventures, in announcing new funds this month. Blair … Read more
500 International, the enterprise agency and seed accelerator, has closed $143 million in financing for what it claims is its largest Southeast Asia early-stage fund so far. The brand new tranche, 500 Southeast Asia III, or “500 SEA III” for brief, counts a sovereign wealth fund, private and non-private pension funds, a college endowment and … Read more
Area robotics startup Gitai has closed a further $15 million in funding, a bit over three months after saying a $30 million Collection B extension spherical to advance its know-how for the moon. The brand new funding will allow the corporate to extend its California-based headcount and develop its relationships with NASA, business house corporations … Read more