Israel seeks backing for tech startups in Davos
DAVOS, Switzerland (Reuters) – An Israeli agency came to Davos with a message for the business community, its CEO told Reuters: Israel’s start-ups are open for investment. Dror Bin, who runs the…
One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT
One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT Will Kessler on October 31, 2023 The once-booming start-up WeWork will file for bankruptcy as early as next week as the…
Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year.…
LatAm startups lay off staff, expect more IPOs next year – report
NEW YORK (Reuters) – Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture capital funding fell sharply in the region, according to “Latin America Digital…
US space startups’ latest struggles marked by layoffs, shake-ups
By Joey Roulette WASHINGTON (Reuters) – U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. While more established players like Elon…
Stellantis invests 100 million euros in startups, mobility fund
By Joseph White DETROIT (Reuters) – The venture capital arm of automaker Stellantis said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and…
Former SoftBank chief launches fund focused on LatAm startups
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund,…
Germany bids to rebuild Berlin’s buzz for startups
By Maria Martinez BERLIN (Reuters) – Rising rents, less venture capital and a shortage of talent are taking the shine off Berlin as a hub for startups. “The one single thing more…
Electric Vehicle Startups Keep Bleeding Cash
Electric Vehicle Startups Keep Bleeding Cash John Hugh DeMastri on May 8, 2023 American electric vehicle startup companies are burning through cash ahead of their first quarter earnings reports this week, as…
Australia regulator seeks risk reports from banks on startups, crypto -report
SYDNEY (Reuters) – Australia’s prudential regulator has started asking the country’s banks to declare their exposure to startups and crypto-focused ventures following the collapse of Silicon Valley Bank, according to the Australian…
Canada should support startups after SVB collapse, says lobby group
TORONTO (Reuters) – A lobby group for Canada’s venture capital and private equity funds is asking Prime Minister Justin Trudeau’s government to provide emergency financing to help startups hit by the collapse…
Latin American tech startups scramble after SVB collapse
By Kylie Madry MEXICO CITY (Reuters) – Tech startups in Latin America are struggling to find banking alternatives after the sudden crash of Silicon Valley Bank (SVB), one of the few banks…
Electric Vehicle Startups Running Out Of Juice As Demand Lags, Production Stalls
Electric Vehicle Startups Running Out Of Juice As Demand Lags, Production Stalls John Hugh DeMastri on March 6, 2023 Electric vehicle startups are increasingly strapped for cash and have little margin for…
Analysis-Tesla’s price cuts promise more pain for money-losing U.S. EV startups
By Akash Sriram (Reuters) – A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing U.S. startups like Rivian Automotive Inc and…
Space startups funding halved in 2022 as investors shift to safer bets
By Akash Sriram and Shreyaa Narayanan (Reuters) – Investments in space startups more than halved to $21.9 billion in 2022 as their venture-capital backers sought safer avenues in the face of a…
Space tech startups fall out of VC orbit
By Akash Sriram (Reuters) – Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm…
Big Tech’s hiring freeze unlocks rich talent pool for U.S. startups
By Eva Mathews and Tiyashi Datta (Reuters) – Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their…
Funds flock to Southeast Asian startups as China loses sheen
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that are chasing bigger returns and turning away…
Brazil startups expected to reduce cash burn as available capital shrinks – survey
By Tatiana Bautzer SAO PAULO (Reuters) – Founders of Brazilian unicorns, startups valued above $1 billion, believe most startups will adjust their businesses to reduce cash burn amid a drop in venture…
China EV startups say May sales up, post-lockdown output constrained
(Reuters) – China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from the disruption of COVID-19 lockdowns in…
Investors cut valuations of Latam startups -Creditas founder
By Tatiana Bautzer NEW YORK – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment of higher interest rates, said Sergio Furio,…
African startups drew record $5.2 billion in venture capital last year – industry group
JOHANNESBURG – African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data…
Carrefour launches fund to invest in digital retail startups
PARIS – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a global plan to step up e-commerce expansion…
Chinese startups’ SPAC listings gather pace as tougher offshore IPO rules loom
By Selena Li and Samuel Shen HONG KONG – Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing’s tighter scrutiny has…
Stella Activates $71M in Funding for Women-led Startups, Launches National Oxytocin Tour
SAN DIEGO, March 4, 2022 — Stella, a San Diego-based organization that equips, champions and funds women-led startups, has reached a momentous milestone by helping to connect women-led startups with $71 million in…
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