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China appears to be pursuing a calculated effort to recruit recently laid-off U.S. federal agencies, including the Centers for Disease Control and Prevention (CDC) and the National Institutes of Health (NIH), following funding reductions by the Department of Government Efficiency (DOGE). Additionally, former U.S.
are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.
Globally, the venture capital world is afire , pushing record sums into upstart technology companies. But apart from China, most key startup countries and regions are seeing strong investor interest. billion in disclosed funding between January and June 2021, and with a $1.03 But the capital is not flowing evenly. ”
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. Dino Ying, VSPN CEO. Image via VSPN.
Fund at First Pitch (FAFP) isnt just another pitch sessionits a high-speed, high-impact opportunity to land funding in record time. At BEYOND Expo 2025, were bringing together game-changing startups and top-tier global investors for an electrifying pitching experience where every second counts.
As the social conscience of globalization, the nonprofit sector needs to contemplate future challenges and adjust their programs accordingly – and to inspire the next generation to tackle these challenges, nonprofits need to also understand how Gen Z uses technology. of the global population, and by 2050, that number will rise to almost 22%.
EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5
Increasing geopolitical tensions have raised concerns that countries such as Russia, China, and North Korea could target subsea cables during a military crisis. Such a thing is not unprecedented; Yemeni Houthi rebels were suspected of damaging underwater Red Sea cables responsible for 17% of global internet traffic in February.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. China is becoming a superpower in the tech industry. Despite geopolitical tensions and recent amendments in CFIUS, it is hard to ignore China.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.
The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang , which announced toda y (link in Chinese) that it has raised a $1.6 billion Series E+ from investors including Alibaba Group.
Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region , Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine unicorns along the way. And Kaszek has been at the heart of it all.
The crypto market is showing no signs of slowing down as funds and investors alike continue to deploy massive amounts of capital into the ecosystem. Today’s evidence of the trend: Dragonfly Capital, a crypto-centered investment firm, closed its third venture fund for $650 million, the firm’s managing partner, Haseeb Qureshi, told TechCrunch.
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund, and existing investors. With close to $1.5
Prior to the global pandemic, suppliers were extending net terms of 30 days to pay, but at that scale, it is hard to build up credit for small businesses, Murata told TechCrunch. Then with the global pandemic, the pace at which business-to-business payment was moving online was accelerating,” Murata told TechCrunch. trillion by 2028.
As China pushes for leadership in robotics, this launch strengthens its position in the global humanoid robotics race. This year, UBTECH announced the establishment of the Humanoid Robot Research Fund with an initial RMB 10 million ($1.38
You can count on one hand the number of funds bigger than Tiger Global. billion for its Private Investment Partners 14 fund. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights.
Coral Capital , a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). we also allocated a significant portion of our latest fund for follow-on investment,” Riney said. LINE Ventures merges with YJ Capital, launches $271M fund.
The startup, which has now raised $35 million in funding, added UBS as a client in May, giving the banking giant’s research analysts and institutional investor clients access to Lynk’s database and tools. As part of the funding, Lynk will broaden its collaboration with UBS Group. This brings the round’s new total to $29 million.
That helped them notice the industry’s strong reliance on China. The Chinese component manufacturers are not cooperating because the ecosystem in China around EVs is fundamentally different from how it is in India. Tiger Global co-led the pre-Series A round of $5.2 Now they secured some much-needed fuel to expand.
Nreal , the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday that it has raised $15 million from Korean sunglasses brand Gentle Monster ’s parent company, IICOMBINED. It only debuted in China, where it’s based, in August. the company said.
Tiger Global is one of the most prolific investors in India and is a backer of over a third of all unicorn startups in the country. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5 In Flipkart alone, Tiger Global has invested over $1 billion. billion valuation.
Xiaohongshu, a Chinese social platform that is increasingly seen as a real-time search engine favored by younger generations, has received financial injections from venture capital firm DST Global in a recent sale of existing shares to current and new investors. Financial Times ]
The startup plans to use the Series C, which brings its total raised to $170 million to date, to expedite its global expansion, make acquisitions and increase its headcount, Charlie Sanghoon Shin, co-founder and CEO of Greenlabs, told TechCrunch. Farmers Business Network just raked in a whopping $110 million in Series D funding.
In China in particular, cross-border e-commerce represents a significant potential revenue stream for businesses of all sizes. We’re seeing really strong innovation come out of China, whether it’s in software, gaming, all sorts of digital assets, or physical assets that Chinese businesses are looking to trade internationally.
The List joins the social commerce movement with a new app connecting consumers with global luxury brands and retailers to offer a personalized discovery and shopping experience. million in seed funding backed by a group including American Designer and Rachel Zoe, who is both an investor and advisor to the New York-based company.
Funds: Natasha’s coverage of fund-of-funds fit into news that SoftBank is turning one if its funds into an evergreen vehicle , and Alex chatted through the numbers about Series A, B and C rounds in the United States. Funds are maturing, experimenting and evolving into interesting vehicles.
The latest funding brings its total raised to approximately $761 million and values the company at $3.3 Its previous backers include DST Global, Sequoia Capital China, Hillhouse Capital, Aspex Management, MiraeAsset Venture Investment, and Korea-based strategic investors CJ Logistics and SK Networks. . billion. .
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
A Santa Monica-based direct-to-consumers (D2C) outdoor furniture startup company, Outer , announced today its $50 million Series B funding to help more people around the globe to bring their lives back outside. Existing investors, including Sequoia Capital China, Mucker Capital, Mantis VC and Reimagined Ventures, also joined in the round.
The company, which is best known for its electric Smartscooters and swappable battery infrastructure, announced today it will list on Nasdaq through a merger with Poema Global , a SPAC affiliated with Princeville Capital. Gogoro’s SPAC deal comes a few months after it announced major partnerships in China and India.
Soon after graduating, they co-founded Reshape, a venture capital fund with $100 million of assets under management. This latest round adds to $7 million the company raised in seed funding earlier this year. The new funding will go toward retail expansion, vendor partners and technology development.
The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million. The fresh capital was led by an undisclosed global fintech fund with participation from existing investors East Ventures, GGV Capital, eWTP and Emtek. .
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. John Brisco, co-founder and chief executive officer of Coherent, told TechCrunch that the startup has worked with more than 30 insurers in 10 global markets during 2020.
The G2 financing was led by DST Global, with participation from CITICPE, GIC, Temasek, TBP, DCP, Ocean Link, Greenwoods and Danhe Capital. Its goal then was to fund and bring more AI into its products, and improve its user experience. In the two years since, Yuanfudao has doubled its total users to 400 million students across China.
Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization and HR. Funding and activity were centered in a couple of markets and there were just a few growing companies gaining interest. Rhys Spence.
Following a record-breaking second quarter, venture capitalists around the world stayed busy in Q3, investing astronomical sums into global startups. In the coming weeks, TechCrunch will explore the global Q3 venture capital market’s results in detail, by business genre (fintech, edtech, etc.) Lots to come, but this is the first look.
The aggressive push into new markets is fueled by the $750 million Series A funding round Zeekr raised in February, which shot the automaker’s post-money valuation up to $13 billion. The funds from Zeekr’s Series A were dedicated to technology research and market expansion.
Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures. The platform currently has about 20 product categories and will use its funding to expand into more.
For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. and headed home to start Zilliz in China. Like many Chinese entrepreneurs these days, Xie named his startup in English to mark the firm’s vision to be “global from day one.”
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. What’s a record year of funding without some unicorns? From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. billion and $2.8
The result of the government fusillade against some of the best-known companies in China was falling share prices. After we checked in on the same question this Monday , SoftBank provided a partial answer, noting yesterday that it is pausing investments in China. That will slow, at least in China. Edtech got hit. Ride-hailing?
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