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Intel faces shareholder class-action lawsuit for allegedly concealing foundry business problems

TechSpot

Louis, a Missouri-based pension fund, filed the lawsuit against Intel on behalf of other investors in a San Francisco federal court on Wednesday. The Construction Laborers Pension Trust of Greater St. The proposed class action names Chief Executive Officer Pat Gelsinger and Chief Financial Officer David Zinsner as co-defendants.

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YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed

TechCrunch

Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding. The round was led by 1984 Ventures, an early-stage venture capital firm based in San Francisco.

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AppDirect raises $100M to expand its financing program for tech businesses

TechCrunch

AppDirect, a San Francisco- and Montreal-based platform for buying, selling and managing tech through a network of IT advisors, has raised $100 million from CDPQ to expand its financing program for small- and medium-sized tech businesses. All rights reserved. For personal use only.

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Color raises $167 million funding at $1.5 billion valuation to expand ‘last mile’ of US health infrastructure

TechCrunch

Healthcare startup Color has raised a sizable $167 million in Series D funding round, at a valuation of $1.5 This latest investment into Color was led by General Catalyst, and by funds invested by T. billion post-money, the company announced today. including those related to the “last mile” delivery of COVID-19 vaccines.

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Flippa raises $11M to match online asset and business buyers, sellers

TechCrunch

Flippa , an online marketplace to buy and sell online businesses and digital assets, announced its first venture-backed round, an $11 million Series A, as it sees over 600,000 monthly searches from investors looking to connect with business owners. Our strategy is verification at the source, i.e. data,” Hutchison said.

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A Blueprint to Building a New Model of Community Care

Saleforce Nonprofit

SF New Deal began with a vision of San Francisco as a world class city that provides an abundance of support, opportunity, dignity, respect, and appreciation for small businesses and neighbors in need. SF New Deal launched in March 2020 as a rapid response to the COVID pandemic in San Francisco.

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8VC raises $880M in new fund that aims ‘to fix a broken world’

TechCrunch

Austin-based venture firm 8VC, led by controversial Palantir founder Joe Lonsdale, has raised $880 million in its fifth fund. In 2020, 8VC famously moved its headquarters from San Francisco to Austin, Texas. The fund is believed to be the biggest Texas-based venture fund for startups, according to AustinInno.

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