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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

We believe this consistency in leadership and intuition for where the markets were going in the heady days of 2019–2021 helped us to stay sane in a world that momentarily seemed to have lost its mind and since we have new capital to deploy in the years ahead perhaps I can offer some insights into where we think value will be derived.

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Dreamit Ventures Announces Spring 2020 Cohort, Kicks Off Its First Fully Virtual Program

Dream It

The venture fund launched a completely virtual program with a focus on helping 13 Urbantech, Healthtech, and Securetech startups with business development, customer growth, and capital raising in a time of economic uncertainty. During the best of times, building startups is not easy. View Dreamit’s full portfolio here.

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Chegg Donates $50K to Stevens Institute of Technology, Fueling Student Innovation

American Entrepreneurship

Empowering Student Entrepreneurship The $50,000 donation from Chegg will be instrumental in supporting student-led startups, providing funding for materials, supplies, and essential technological resources. We are grateful to Chegg for enabling more students to build their dreams. iSTEM students are unconventional geniuses.

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Japanese e-commerce enabler AnyMind raises funding in equity, debt for acquisitions

TechCrunch

Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. The startup did not disclose its valuation. Mizuho Bank provided the debt facility.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

In 2018, Carbon , a Nigerian fintech startup, made its financials public for the first time. Although typical for foreign private startups, it’s almost an anomaly in Africa. While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow.

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The Tech Issue that Matters Most in NYC

This is going to be BIG.

The headlines in the tech and startup world have not been good over the last couple of years. link] — Charlie O'Donnell (@ceonyc) February 18, 2019. As it turns out, the “move fast in break things” culture was itself pretty broken—full of discrimination and harassment. I hope we can take a different path in New York City.

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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

Nigerian mobility tech startup Metro Africa Xpress Inc. ( The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Chinedu Azodoh is the startup’s other co-founder.