Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020. Kredivo is operated by S…

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Remove that ‘exit strategy’ slide from your pitch deck

A lot of pitch decks I review have a slide that really shouldn't be there: the exit strategy slide. As an early-stage startup, it's downright nonsensical, and it shouldn't be part of your deck at all.

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WeWork India exposed visitors’ personal information and selfies

Visitor names, email addresses, phone numbers, and selfies were exposed to the internet.

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Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out

Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region’s origins in Cold War defense spending. While the courage and perseverance required to fight in an overseas battlefield (or the office bureaucracy on base) would seem a perfect fit for the travails of t…

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Hamburger-flipping robotics company Miso introduces an automated beverage dispenser

How do you follow up a burger-flipping robot? If you’re Miso Robotics (which you likely are, if you’ve created a burger-flipping robot), the answer is simple: beverages. The robotics startup continues to focus on the fast food service industry with the planned launch of an automated beverage-dispen…

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Apple’s App Store to face scrutiny in Germany as FCO opens ‘market power’ proceeding

Germany’s competition authority, the FCO, has completed its Big Tech GAFA “bingo” card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the i…

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What does Red Hat’s sale to IBM tell us about Couchbase’s valuation?

Couchbase could double its valuation provided that investors are more interested in its faster-than-Red-Hat growth than they are worried about its history of cash consumption and growing net losses.

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Vienna’s GoStudent raises $244M at a $1.7B valuation for its online tutor marketplace

Online teaching came into the spotlight for many students and parents in the last year, and today one of the companies that saw a big lift during that rush of activity is announcing a big round of funding to carry it into what has emerged as a more permanent change of habits for many learners. [&he…

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Sneaker community startup SoleSavy raises $12.5 million Series A to build an end-to-end sneakersphere

Collectibles boomed during the pandemic and while NFT outfits like NBA Top Shot exploded as consumers flirted with newer efforts, the sneaker world grew even more mature with enthusiasts digging deeper into communities dedicated to the hobby/passion/obsession/alternative asset class. Vancouver&#821…

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Ban biometric surveillance in public to safeguard rights, urge EU bodies

There have been further calls from EU institutions to outlaw biometric surveillance in public. In a joint opinion published today, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) Wojciech Wiewiórowski have called for draft EU regulations on the use of ar…

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Uber to become the sole owner of grocery delivery startup Cornershop

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29 …

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