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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Four fintech startups — Cowrywise , Riby , Wallets Africa , and ThankUCash ; a crypto-exchange startup, BuyCoins ; a SaaS platform, Accounteer; an edtech startup, Schoolable ; and healthtech startup, 54gene. 2019 saw the local VC firm invest in six companies.

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As startups accelerate in record Q3, Europe and Asia rack up huge VC results

TechCrunch

The two continents enjoyed more venture capital investment into their local startups than in some time, underscoring that strong VC results the United States saw in the third quarter were not a fluke, but part of a broader trend. The Exchange explores startups, markets and money. Asia: $24 billion. Europe: $9 billion.

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Venture capital undermines human rights

TechCrunch

As of 2019, 81% of all venture capital funds worldwide are clustered in just a handful of countries, primarily in the U.S., Amnesty International recently surveyed the world’s largest venture capital firms and startup accelerators. Despite gains, gender diversity in VC funding struggled in 2020. of all U.S. of all U.S.-based

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Pittsburgh’s AI expertise may give rise to an already growing startup market

TechCrunch

Having local expertise in the category every VC wants to invest in right now doesn’t hurt, either. Startups in the city raised more than $534 million through December 12, 2022, according to PitchBook, which, while not a lot of capital, is better than 2021, when they raised $336 million. You can give it a listen here.).

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5 things you may have missed in Atomico’s 2021 Europe report

TechCrunch

The Exchange explores startups, markets and money. The Exchange has been tracking Europe’s startup acceleration for years now. For reference, that figure was below $10 billion in Q2 2019, Q3 2019, Q4 2019 and Q2 2020. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

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Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America

TechCrunch

Vale do Dendê coordinates with local startups, investors and government agencies to support entrepreneurship and innovation and runs startup acceleration programs specifically focusing on supporting Afro-Brazilian founders. BLCK VC launches educational initiative to bring more Black entrepreneurs into investing ecosystem.

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Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Startups and VC. There is plenty of evidence that things are changing, with countless startups raising large sums of cash to help the construction industry modernize. Meet ouroboros : Becca writes that we’re going to see more startups acquire other startups. More check mark news in the Big Tech section.