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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.”
Since March 11, when Candid last looked at the global philanthropic response to the Russian invasion of Ukraine, human suffering and economic devastation has only increased. Other marginalized groups fare even worse, accounting for less than 1% of Ukraine grant dollars. Ukraine and neighboring countries. Area Served.
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.
New reports have emerged of hacking campaigns linked directly and indirectly to Russia’s war in Ukraine, with the stories shedding more light on an opaque element of the invasion: cyberwarfare. Many experts predicted that Russia would launch significant cyber attacks in Ukraine, shutting down the country’s electrical grid for example.
In an open letter published Friday afternoon, the Vice Prime Minister of Ukraine, Mykhailo Fedorov, called on Apple to stop supplying products and services to Russian users as a response to the country’s ongoing invasion. “I Photo by Pierre Crom/Getty Images.
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.,
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. billion the year before. billion the year before.
Today marks exactly one year since Russia’s illegal, unprovoked, and brutal of Ukraine. This week, a majority of the members of the United Nations reiterated its demand that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine and called for a cessation of hostilities”.
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.
Thomas Duscha, founder and CEO of Berlin-based battery swapping startup Swobbee , was in Poland visiting family in early March when the reach of the Ukraine crisis galvanized him to action. “I In the weeks since Russia began its invasion of Ukraine, more than 2.8 Transporting refugees from Ukraine. refugee agency. Donate here.
The push to fund Ukraine’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. But that hasn’t stopped Australian neobank Zeller from raising AUD$100 million at an AUD$1 billion valuation. Startups/VC.
Akin to how it takes nation-states a little time to get sanctions up and running, tech companies don’t roll out responses to geopolitical changes in a moment. But today we have notes on what tech companies are doing in response to Russia’s invasion of Ukraine. And it just raised capital to keep at it. Startups/VC. I think so.
Because mega-rounds were so popular last year,” wrote Alex Wilhelm in The Exchange, who found that “the later stage a startup is, the more likely it was in Q2 2022 to raise bridge capital.” 5 reasons why Ukraine’s fintech sector is growing despite war. ” Bridge rounds are the late-stage rage.
Supply chain disruption caused by the COVID-19 pandemic and the war in Ukraine is driving increased costs of goods and services, affecting not only the industrial sector (e.g., semiconductors), but also the agriculture industry. Tridge, which posted less than $7.4
Let’s do a proverbial cannonball into the startup pond: Software eats food distribution : Cerve raised $2 million for a wholesaler platform as post-COVID food distribution digitizes. Looking perky : A propos employment benefits, Compt just raised $13 million to make employee perks a bit more personalized.
After a seed round and bootstrapped funding from Gjonbalic, Butler went on to raise $15 million in Series A contributions from The Kraft Group, &vest, Scopus Ventures and Mousse Partners. “Butler expanded its national footprint in 2021, hoping to capitalize on the travel recovery,” Gjonbalic told TechCrunch via email.
In our effort to highlight brilliant changemakers, we sat down with Cylinda Nickel at Compassion Services International to dive deeper into their global fundraising initiatives – particularly their work for Ukraine- and hear about her top fundraising tips. Their goal is to bring hope and help to various nations during times of crisis.
Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. ” The move would not be unprecedented for AEI.
“Rising prices, inflation, war in Ukraine and increased interest rates has made the venture capital space very challenging, especially being a B2C e-commerce business,” Majlund noted. Sky.Garden raised $4 million in a Series A round of funding last year, bringing the total amount it had raised from VCs to $5.2
The latest tech response to Russia’s Ukrainian invasion: Non-Russian tech companies continued their work to isolate the Russian state after its government invaded neighboring Ukraine. Sorenson Ventures raises $150M fund : The Utah-based firm has made it to a second fund, raising a new vehicle that is 50% larger than its last.
A similar trajectory is being seen across the Atlantic, as nations such as Italy , England and the Ukraine join a rapidly expanding list of countries including Germany, France, Israel, Spain, Portugal, Belgium, Denmark, Poland and others who have chosen to supplement their urban transportation networks with modern micromobility alternatives.
According to a study by the National Institute of Mental Health, 72% of startup founders are affected by mental health issues. Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning. UK fintech Banked raises $15M for US expansion. Payzen raises $20M for healthcare buy now, pay later.
Now, with fresh supply chain constraints due to Russia’s war in Ukraine, these automakers are even more keen to have batteries safe and sound on national soil. . Japan’s Terra Drone raised a $70 million Series B led by Mitsui Corporation. Other deals that got my attention…. E-bike manufacturer Ride1Up closed a $6.5
In case you missed it, on July 1, the Wall Street Journal reported that the Swedish buy now, pay later behemoth and upstart bank is reportedly raising $650 million at a $6.5 The Wall Street Journal reported on June 16 that Klarna was considering raising capital at a valuation of around $15 billion. Why, you ask? Why does this matter?
Russia’s invasion of Ukraine changed that, however. The increasingly isolated nation is now facing international sanctions, and “PEs are investing in the close management of compliance programs, policies and procedures at each of their portfolio companies,” writes Snežana Gebauer, a partner with StoneTurn.
This growth was likely spurred on by the conflict in Ukraine and devastating natural disasters that impacted Turkey and Syria. This can mean applying for funding from local foundations or casting a wider net and looking for foundational support from organizations that give according to state, region, nationally, or internationally.
based founders, 35 were white American; four were white immigrant/first generation, from France, Ukraine, Russia and Iran; and four were Indian immigrant/first generation. We reviewed CB Insights’ global list of “40 of the Best VC Bets of all Time.” All of the 40 companies’ 92 founders were male. Of the 43 U.S.-based
Soon celebrities and main stream media joined in the fun as it continues to sweep the nation. But according to news reports , it has increased awareness and dollars raised for ALS research. It sounds counter intuitive to ask people to donate $100 to ALS or make this goofy video and share on social. The association reports $15.6
This is news Natasha was following for a month now, and she reports the sale was fallout from Russia’s invasion of Ukraine, which resulted in many companies reassessing their media assets. He wrote about how Synthesis AI raised $17 million to create synthetic data to improve computer vision and how payroll provider Symmetrical.ai
supporting Ukraine in the Russian invasion. As Russian attacks on Ukraine have intensified, the U.S. At the end of the day, OT security is a national security issue. As new types of attacks arise, security vendors respond with new tools in what has become a cat-and-mouse game.
Evolving elephants to unicorns : Annie reports that Kenya’s tourism-focused startup studio Purple Elephant Ventures raises $1 million pre-seed funding to bring some modernization to the industry. Convective Capital is a new VC firm looking to back them, and it raised $35 million to do so, Becca reports. Carly has more.
Amazon suspends Prime Video in Russia : Adding to our ever-growing list of companies that are pausing or ending business in Russia after the nation’s government launched an invasion of neighboring Ukraine, Amazon is suspending Prime Video in the country. Guide, which just raised $8 million, is building for job candidates instead.
CompuMentor in due course turned into TechSoup when it became a national nonprofit, and TechSoup Global in 2008 after it had become an international organization. He was born and raised in New York City. After that he was a freelance journalist, writing for The New York Times , The Nation , Harper's Weekly , Mother Jones , Redbook.
The 2020 High-Tech Human Capital Report from the Israel Innovation Authority and Start-Up Nation Central found that 60% of tech firms were having trouble finding workers and that there were currently 13,000 unfilled tech job openings in the country. But it is not enough for the demands created by the burgeoning tech sector.
In November 2021, Party Round, a startup that aims to help automate seed-stage fundraising, used its own platform to raise $7 million. and China, and Russia’s invasion of Ukraine are just a few contributing factors, not to mention soaring demand for cryptocurrency mining. Image Credits: Party Round (opens in a new window).
million pounds of food out of landfills since 2023, the company was able to raise its Zero Hunger goal to 15 million pounds donated by 2030and it also slashed over $150,000 in annual recycling and landfill fees. Dubbed Project PowerUp , the initiative sought a technological solution to restore stability to Ukraines embattled grid.
President Donald Trump promised tariffs that would raise U.S. It has set even higher levies for about 60 nations that it says are the worst” offenders. sanctions for example, Russia due to its invasion of Ukraine , as well as Iran, North Korea, Cuba, Belarus and Venezuela will not face the new, 10% global base tariff.
To date, the Global Fund partnership has raised and invested more than $50 billion to fight these devastating diseases, saving more than 40 million lives and reducing the combined death rate from the three diseases by more than half. Every three years, the fund is replenished by the 193 member nations of the UN.
The year started with atypically high inflation rates and featured several significant weather-related disasters, ongoing crises in the Middle East and Ukraine and an acrimoniously contested, highly polarizing and wildly expensive election season. million raised through 17,696 digital transactions last year. raised during 2022.
He has weighed in on elections in Germany on behalf of a far-right party, sparred with the government of his native South Africa, and called for the removal of the president of Ukraine , not to mention the two-month siege he has waged against Americas federal bureaucracy. But one country tends to get a pass from the worlds richest man.
A lot of people may not like John Bolton, but John Bolton’s got an ideological point of view on national security issues. So there’s an honesty to his point of view that isn’t simply about raising money off the internet on that topic. For instance, I had John Bolton on the daily show [ MTP Daily ] today.
President Trump’s campaign has been using Joe Biden’s supposed links to Ukraine as the basis for repeated political attacks. The decision to limit the spread of two investigative articles, particularly those written by a national outlet, was unusual, playing into long-standing conservative concerns about bias and social media censorship.
The confluence of events has national security and cyber experts warning of heightened cyberthreats and a growing digital arms race as countries look to defend themselves. The confluence of events has national security and cyber experts warning of heightened cyberthreats and a growing digital arms race as countries look to defend themselves.
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