MoveinSync, an Indian startup offering mobility solutions to blue-chip companies for workplace commute, is engaging with investors to raise a growth round, according to people familiar with the deliberations. The 14-year-old startup is engaging with investors to raise about $50–$60 million, part of which is to offer partial exit to some early backers, the people … Read more
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts. The founders of Gravel want to change that by making it easier to find workers and other … Read more
Yesterday in Helsinki, this editor interviewed four of the six general partners at Benchmark, the nearly 30-year-old, Silicon Valley firm that’s known for some notable bets (Uber, Dropbox), paying each general partner exactly the same way, and for continuing to raise similar-size funds over its many years rather than balloon in size. We were speaking … Read more
Biotech and AI startup Cradle is finding success with its generative approach to protein design, landing big customers and a hefty $24 million of new investment. The company exited stealth a little over a year ago, just as the hype around large language models was really heating up. Many AI companies in biotech train models … Read more
Comment on this storyCommentAdd to your saved storiesSave KYIV — Defense Secretary Lloyd Austin arrived in Kyiv on Monday offering reassurance to Ukrainian leaders on behalf of the Biden administration that American aid will continue despite mounting opposition by Republicans in Congress and battlefield setbacks against Russian troops. It is Austin’s second visit to Ukraine … Read more
EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors. The Singapore-based startup has launched an artificial intelligence-powered study now, pay later (SNPL) lending platform … Read more
NAIROBI, Kenya — Kenya’s government said Thursday that its police officers will not be deployed to Haiti until all conditions on training and funding are met in line with last month’s approval from the U.N Security Council to give the eastern African country command of a multinational mission to combat violent gangs in the troubled … Read more
Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fund amid a surge in the country’s online shopping activity. The Canadian pension fund has acquired a stake in the Pune-headquartered startup at about $1.4 … Read more
A tougher fundraising environment reveals which companies and sectors investors have real conviction in, and which areas aren’t attractive outside of a bull market. AI startups dominated dealmaking this year, but there is another sector that VCs have stayed committed to: defense tech. We saw the latest example of this trend just this week. On … Read more
LONDON — The United States on Friday expanded its effort to cut off funding for Hamas, announcing a second round of sanctions against people and organizations linked to the group since it launched an attack on Israel that killed more than 1,400 people. Read More: The Families of Israelis Held Hostage by Hamas Speak Out … Read more