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On Sunday, Epic Games released a new season of Fortnite and, with it, a promise that for two weeks, all of its proceeds from the game would go towards humanitarian relief for Ukraine. One day later, the developer revealed that it has already raised $36 million as part of the effort. A huge bundle of nearly 1,000 games on Itch.io
A new season of Fortnite is launching today, and developer Epic will be donating all of its proceeds from the first two weeks to Ukraine-related humanitarian efforts. As part of the effort, Microsoft will also be “committing their net proceeds for Fortnite during this time, so that we can get more aid to the people of Ukraine.”
The Ukraine crisis has resulted in civilian casualties, injuries, and severe damage to civilian infrastructure. As the people of Ukraine oppose the invasion, many are forced to flee their homes and take up residence in shelters or in foreign countries as refugees. American University in Bulgaria. Doctors Without Borders. Global Impact.
The decision comes as Ukraine has received cryptocurrency donations worth tens of millions of dollars from individuals and groups hoping to help the country’s war effort against Russia. Ukraine has legalized the crypto sector — @ZelenskyyUa signed a law. It is an important step towards the development of the VA market in Ukraine.
As so many have said — far more eloquently than me — the invasion of Ukraine is a story that impacts all of us, whether we’re on the ground there or not. And it’s hard to celebrate a funding round when scary times are the moment. Honorable mentions: Alloy Automation raises $20M to scale its e-commerce automation tech.
Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. and Catherine T. MacArthur Foundation.
The dampened outlook for startup funding at the start of 2022 thanks to the pandemic’s lingering uncertainties has only worsened following a global market downturn and the war in Ukraine. Here are five things green founders should remember when seeking VC funding at this moment. When it rains, it pours.
When Russia invaded her home country of Ukraine, U.K.-based based tech entrepreneur Irra Ariella Khi , co-founder of Zamna , set up a fundraising page to directly support people inside Ukraine. Khi’s father (aged 70) and godmother (aged 82) are both in Ukraine, as are her stepsister and her children. It’s now matched £2.25
Fortnite players have so far raised $50 million to help support relief organizations working in war-torn Ukraine, gaming giant Epic Games said on Wednesday.
On February 24, Russia launched an invasion of neighboring Ukraine after months of a military build-up on its borders. News outlets in Ukraine are also reporting outages caused by cyberattacks, which the Ukrainian government says it has “unambiguously linked” to Moscow. Its payments processor, Paddle , is based in the U.K.,
The company paid the money on January 19, which the FAS says will go directly to the Russian budget at a time when the government is raisingfunds to support the war in Ukraine. The FAS imposed a fine of almost 1.2 billion roubles (around $13.65 million) on Apple in January. Read Entire Article
Much of it was on YouTube and was related to the country’s invasion and subsequent war with Ukraine. Also, a bunch of new funds announced again today. Jacquelyn reports that Tribe Capital raised $25 million to launch a crypto incubator program. AM Ventures raised $100 million for industrial 3D printing , writes Haje.
million equity funding from Dutch impact investor Oikocredit in its second close of the pre-series A round. The new funding brings the total amount raised in the round to $14.4 debt funding. Ghanaian agtech Farmerline to use new funding to strengthen its infrastructure, help farmers create wealth.
In the rest of this newsletter, we’ll talk about All Raise’s new CEO, funds to back other funds and Ukraine. Fintech and Ukraine. The startup story within the war in Ukraine continues to evolve, with companies in the financial services sector having an especially crucial role and set of decisions to make.
It’s now raised a $5 million Series A round led by Genesis Investments, with participation from TMT Investments, TerraVC and existing investors Flashpoint and Misha Lyalin. The Ukraine-based startup will now enter new markets and strengthen its positions in Poland, Russia, Spain and Latin America. There are approximately 1.5
Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. he new backer include Ukrainian VC Vesna.Capital , Angel One Fund (a Ukrainian fund), Imaguru Ventures , and angels Murat Abdrakhmanov (an investor in Udemy), Adrian J.
But with new funds lured in by their startups’ talent pool, global mindset, and capital efficiency, this could be starting to change. Want it in your inbox every Saturday? Sign up here. Central and Eastern Europe have had less venture capital at their disposal than their GDP or population could warrant. Let’s explore.
VCs in developed markets have been warning of a funding winter — with the pace and size of investments in startups slowing down considerably in the wake of other declines in the market — and that has been playing out even more in emerging markets like Kenya, too. The e-commerce boom is still afoot in Africa, Jumia’s earnings indicate.
NFTs have been sold to raise money for the Ukrainian people and military. Stand with the people of Ukraine. BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14 — Ukraine / ??????? Ukraine) February 26, 2022. Now accepting cryptocurrency donations.
VOCHI , a Belarus-based startup behind a clever computer vision-based video editing app used by online creators, has raised an additional $2.4 million round led by Ukraine-based Genesis Investments last year. Vochi, the ‘computer vision’-based video editing and effects app, raises $1.5M Image Credits: VOCHI.
The following: Crunchbase raised $50 million! Yes, our former employer has raised a new, large round that had us all thinking about its health, our history thereof, and our love for its news team and other parts of the company we remember fondly. OK, don’t fear: The long shots are still getting venture funding.
A branch of my family tree is from the Ukraine. I’m giving my support as well as sharing my teaching and technology skills with Women’s Rights organizations in Ukraine. I’m giving my support as well as sharing my teaching and technology skills with Women’s Rights organizations in Ukraine.
The COVID-19 pandemic taught the world how to work from home, but Russia’s war in Ukraine has taught the employees at Delfast, a Ukrainian e-bike startup, how to work from bomb shelters, while on the move and under threat of violence. . How are you managing your team through this crisis? What’s changed?
Come Back Alive’s page said that funds would be used to train soldiers, as well as provide technical equipment, according to Patreon’s blog post. Our statement on the suspension of Come Back Alive, and the situation in Ukraine [link] — Patreon (@Patreon) February 25, 2022.
million Series A round that brings the company’s total raised to $24.63 Translink Capital led the Series A, with participation from NEC Orchestrating Future Fund, BGV, Sierra Ventures, Morado Ventures and Xplorer Capital. EverestLabs raises $16.1M With sights set on a global expansion, EverestLabs today closed a $16.1
Xreal announced in January 2024 it had raised an additional $60 million in funding for further development of its AR glasses. Varjo and partner Dogfight Boss also announced in August that their headset-based F-16 simulator had been deployed to help Ukraine train fighter pilots in its war with Russia. In the U.S.,
The company has raised a $20M A round, including $5 million in non-dilutive funding, which should put the first two thermal infrared satellites into orbit. The funding builds the company’s $15 million seed from 2021. But those datasets are relatively infrequently updated and usually somewhat low resolution.
We’ve got acquisitions, funding rounds, the end of products, and more. The push to fundUkraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. TechCrunch has notes on how Ukraine is using the coin more generally and from a military perspective. PST, subscribe here. Startups/VC. The answer?
Oda , one of the bigger players in online grocery delivery in Europe with operations in its home market of Norway as well as Finland and Germany, today announced that it had raised 1.5 Oda’s funding underscores some of the major challenges underfoot for the online grocery sector at the moment. billion, or $353 million.
Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. Covid-19 expanded the attack surface and [even] the Russian invasion of Ukraine has expanded that great deal.”
“Gogoro will use the fresh funds from its IPO to continue to expand in Taiwan as it branches outward to larger markets like China, India and Indonesia,” writes transportation reporter Rebecca Bellan. Dear Sophie, We’re a startup that currently has an employee, who is originally from Ukraine, working for us on an H-1B visa.
The company announced today it has raised $5.7 This brings Seafair’s total funding to about $7 million. Seafair was launched late last year by Agapitos Diakogiannis, who was born and raised in Greece, and its current clients include one of the world’s top 100 shipping companies.
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional car ownership models like leasing or financing. In the U.S.,
In short, it appears that a host of startups raised new capital last year when valuations – and therefore revenue multiples – were hot. In a changed world, how will those companies manage to raise more cash and avoid a downround at the same time? And yet Beam’s latest raise attests to the very opposite. Startups/VC.
In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). The competition was intended for software developers from Russia and Ukraine. Russia and Ukraine have been sort of anchors for oDesk on the technical side,” Cooper explained.
It’s also teasing a Series B round coming next year — which it anticipates being one of 2023’s largest B rounds in Europe in the alternative proteins industry (for some context, another European startup, Planted, raised a $72M Series B round earlier this fall ). Heura’s plant-based ‘chicken’ hits UK shops.
Rhys Spence Contributor Share on Twitter Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund. Despite these cuts, which have been always slower to implement than communicate, inflation has been rampant across Europe and beyond, partially due to supply chain issues linked to the situation in Ukraine.
Driven by inflation, the war in Ukraine and other economic headwinds, recessionary fears have put a squeeze on sources of funding that were previously easily attainable. It’s a fact that startups, regardless of industry, face more hurdles today than they did a year ago. The consequence?
World leaders, local communities, civil society, health organizations and the private sector all came together to create the Global Fund as a way to pool their resources, expertise and reach in service of that goal. Every three years, the fund is replenished by the 193 member nations of the UN. Read RED and The Global Fund Story.
Getir, an Indian instant-delivery company, just raised a $768 million Series E, pushing its valuation to nearly $12 billion. But in the country’s huge middle, startups are being built and funded at record pace. Optimism is one such company, and it just raised a $150 million Series B at a valuation north of $1 billion.
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion ). billion, based on a 1.5x multiple on GMV of €3.5
One of the most critical and well-known international crises today is happening in Ukraine. Over 14 million people, primarily women and children, have fled to other countries or locations inside Ukraine and are currently unsheltered. Supporting the Global Community to Create a Lasting Impact. At CARE, impact measurement is critical.
But projects get abandoned and picked up by others who plant backdoors or malware, or, as seen recently since Russia’s invasion of Ukraine, a rise in “protestware,” in which open source software developers alter their code to wipe the contents of Russian computers in protest of the Kremlin’s incursion. .
Seed-stage funding in Q1 2022 was flat from the previous quarter, but compared to a year ago, it was up 45%. Right now, Stinnes says VC firms are prioritizing “the high-growth B- and C-stage companies that raised substantial cash and operate at high burn rates.” Raising the right amount of capital after a correction.
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