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AI shopping assistant and shopping network Karma announced that it has raised $25 million in Series A funding led by Target Global followed by MoreTech Ventures, with participation from existing investors including NFX and Altair Capital. The company now employs nearly 60 people across Tel Aviv, Minsk, Belarus and the U.S.,
What size is your staff, where are the offices located, and has the company ever raised funding? The company is based in Cyprus with development centers in Belarus, Israel and China. Funding is still “friends and family” We never did an institutional round of financing. Viber is quite global.
Skich co-founder and CEO Sergey Budkovski , originally from Belarus, was previously head of biz dev at Minsk-based design and development firm 69pixels before founding the startup. Now based in Poland, the four-person team reports Skich has undergone its MVP phase on the App Store and has raised some pre-seed funding.
Apple Maps is back to noting that Crimea is not part of Russia in most of the world; Microsoft is halting sales in the country ; Airbnb is suspending operations in Russia and the co-belligerent Belarus. The corporate venture world is not the only place where we’re seeing more funds pop up. In response? Russia blocked Facebook.
With plans to raise a $25 million fund and more than $15 million already invested, PsyMed Ventures focuses on early-stage startups developing psychedelic therapeutics. This follows its move of stopping shipments to customers in Russia and Belarus.
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. There’s a map for that. Additional figures provided to TechCrunch from Data.ai Snap Map businesses. Other cutbacks.
In addition, the oppressive regime in nearby Belarus has provided an influx of significant tech companies, such as Wargaming, as well as the associated talent. However, one said: “The ecosystem still lacks local funding for the late Series A and beyond rounds.”. Local and with small funds, mostly subsidized by government and EU.
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