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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. GET IN TOUCH.
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. While the situation is still ongoing, it’s clear that it’s already a tech story.
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.
Priyanka Srinivas is the co-founder and CEO of Live Green Co , a Chilean food tech startup that uses artificial intelligence to suggest plant-based alternatives for meat and artificial additives in food. Here are five things green founders should remember when seeking VC funding at this moment. More posts by this contributor.
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
Emmy Gengler is the CEO of Softjourn , a global technology services provider with offices in California, Ukraine and Poland. “The calls and texts started early, asking for power supplies and tools for fixing engines,” said Katia Ryzha, who lives and works in Ivano-Frankivsk, a small city in Western Ukraine.
But it just didn’t feel right for us to sit and chit chat about funding rounds and executive shuffles when Russia is busy invading a democracy under false pretenses. TechCrunch has some notes on the situation for the tech world in Ukraine, which is worth a read. That’s it from us.
Despite continuing talk about a possible recession , slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. Consider the following: NEA revealed that it closed its two newest funds adding up to $6.2 Is venture funding already back? Even non-U.S.
Mark Boggett is the CEO and co-founder of the Seraphim Space Manager LLP , the world's first listed fund focused on space tech. Despite the economic uncertainty, we believe new records will be established in spacetech as giant commercial projects get funded. Mark Boggett. Contributor. Cell phone connectivity from space.
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. Resourceful Humans: On TechCrunch+, Kyle reports that investors remain bullish on HR tech as the Great Resignation slows. Big Tech Inc. million seed investment.
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.,
As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begins once a company hits growth stage, it’s worth addressing an elephant in the room that comes around often in the tech versus media debate. Fintech and Ukraine. Some big tech apps remain.
Russia is invading Ukraine as we write, and global markets are in freefall. Last week, this column took a look at the European technology market’s deep tech expertise. The Exchange started its look at European deep tech with a report from Angular Ventures. Writing about Europe is hard today.
Stand with the people of Ukraine. BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14 — Ukraine / ??????? Ukraine) February 26, 2022. In tech-savvy Ukraine, crypto has emerged as a quick and easy way to handle this money. Bitcoin, Ethereum and USDT.
In 2017, when the billionaire hedge fund manager “Stevie” Cohen decided to build out a venture practice — Point72 Ventures — he poached Gwak, and Gwak has remained active since, including leading a 50-person team that has invested more than $1 billion into roughly 130 companies on Cohen’s behalf. Is that true inside Point72?
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. But Europe’s situation is perhaps more curious; after all, it is the closest to Russia and its war on Ukraine. was up in the first quarter of 2022, CB Insights and Crunchbase data show. Data overview.
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.
On Tuesday, tech and communications regulator Roskomnadzor threatened to block Wikipedia over the Russian-language page covering Russia’s invasion of Ukraine, claiming it contained “false messages” about war casualties and the effects of economic sanctions, among other things.
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). million jobs. Have laptop – will freelance.
I remember the dread I felt as a startup worker during downturns when I read about mass layoffs at tech firms that had previously been considered ascendant. And it was presaged by falling public markets that, we presume, allowed some private companies to conserve cash in anticipation of, say, a more conservative funding market.”
You may not have heard of Amadeus, but if you’ve taken a trip, you’ve probably interacted with its tech stack. “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.
How tech is responding to Russia’s invasion of Ukraine : The technology world is a global industry, which means that when geopolitical conflicts arise, it impacts the world that TechCrunch covers directly. We have notes up on cyberattacks and companies in Ukraine. Big Tech Inc. Now, to work. The TechCrunch Top 3.
To be clear, Ecosia is also continuing to fund tree-planting with search ads profits (an activity it’s best known for) — but the Berlin-based search engine told us it’s now making an “ongoing commitment” to green energy investment as a result of the energy crunch triggered by Russia’s invasion of Ukraine. .
The new law, which Variety reports has not yet fully gone into effect, requires large streamers to carry 20 Russian broadcast channels, including state-funded Channel One. Following Russia’s attack on Ukraine , tech companies are being pressured to answer for how they’ll continue to operate their businesses in the country.
We’ve got acquisitions, funding rounds, the end of products, and more. Epic Games buys Bandcamp : Straight from left field, this deal took the tech world by surprise. The push to fundUkraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. Now, to work! The TechCrunch Top 3. Startups/VC.
The latest from Ukraine: TechCrunch continues to cover the Russian invasion of Ukraine when it lands in our remit. MWC, or Mobile World Congress, is a yearly tech confab that has become, Heater notes, “the smartphone show.” Perhaps this is because tech workers have long been a key customer base of the products.
Global macroeconomic instability, Russia’s invasion of Ukraine, funding shortfalls, supply chain disruptions and many other factors made running a company an extremely challenging experience. Last year was akin to a ride through hell. It sounds like a cliche, but in the midst of difficulty lies opportunity.
After a decade-long bull run, many venture capital funds have found themselves holding overvalued shares of companies whose IPO prospects have been either eliminated or significantly delayed. Higher geopolitical tensions over Ukraine. are morally and financially invested in preventing Russia from successfully annexing parts of Ukraine.
This brings Seafair’s total funding to about $7 million. Maritime intelligence platform Greywing raises seed funding from investors like Flexport. Seafair provides a digitized and more transparent version of traditional agencies (and is licensed to operate as an agency in Ukraine and the Philippines, with more countries planned).
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. tech sector have been laid off this year, according to a Crunchbase News tally. The consequence?
Late-stage tech companies must do right by their employees: Reassess your 409A valuations. Last year was a record 12 months for the tech industry, with immense amounts of money flowing into both early- and late-stage companies as well as an all-time-high number of IPOs. What’s affecting late-stage startup valuations in tech?
in the Bay Area, some in Israel and others spread out across the world, including a few from Ukraine, who he reports are safe in Poland at the moment. The company announced $26 million in funding today. That breaks down to $20 million Series A and the remainder in seed and pre-seed funding received previously.
And today it’s announcing a new €20M bridging funding round, ahead of the expected (beefier) B. It notes that this (pre-) Series B funding includes the issuance of convertible notes which will lead to equity next year in the full Series B round so a bunch of investors are clearly bought into its sales growth pitch.
SPACs are the construct VCs need to fund clean tech. lockdowns and Russia’s war on Ukraine placed further pressure on an already strained global supply chain. Brian Walsh is the head of WIND Ventures , the venture capital arm of Copec. More posts by this contributor. Focusing on a narrow slice of the VC pie.
But one key component of its production — energy; electricity — is facing supply issues of its own in Europe at present, in the wake of Russia’s invasion of Ukraine. Since the Ukraine war started, Europe has been facing an exacerbated supply vs demand issue.
But in the country’s huge middle, startups are being built and funded at record pace. And Chicago, one of the most important American metropolises, is funding more and more underrepresented founders at the seed and angel stages. So, many companies are building tech to make Ethereum scale. Startups and VC. You can sign up here.).
Seed-stage funding in Q1 2022 was flat from the previous quarter, but compared to a year ago, it was up 45%. Since Russia invaded Ukraine on February 24, many startups based in the war zone have found ways to continue operating. Amplify awareness of Ukraine’s vital tech sector. Image Credits: Bryce Durbin/TechCrunch.
Perhaps an exception to this oft-repeated phrase, in my experience, is Entrepreneur First out of London/Europe (but now also in Asia), and even then that entity is slightly closer to a pre-accelerator in the way it assembles talent before it assembles the startups (although it does also fund its startups). Of course, “your mileage may vary.”
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.
Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. Now joining them in this space is Zeely , a Ukrainian startup that came onto the tech radar last during the controversy at Slush last year.
It’s hard to get the exact data on how many startup acceleration programs are being launched every year, but it’s definitely a lot. If you search Google News for something like “new startup accelerator,” it will return hundreds of headlines from all over the world.
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.”
Valuations in 2022 have been falling like a rock as the war in Ukraine rages, inflation skyrockets and the Fed tightens the screws. Almost all tech companies are seeing their valuations decline — the Nasdaq is now more than 31% below its all-time high on November 19, 2021. and internationally. More posts by this contributor.
The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV). Layoffs hit crypto and real estate tech particularly hard this week.
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