Impact Africa Network launches From Here, a $25 million VC fund focused on Africa startups
From Here Ventures Impact Africa Network is launching the From Here ventures, a $25 million venture capital fund that will put a local spin on investing in Africa’s startups. Africa has become a hotspot for venture capital as Y Combinator has…
Next Generation Hiring App Pledges $1 Million in Support of Fellow Startups
SAN FRANCISCO, Oct. 6, 2021 /PRNewswire/ — Entrepreneurs and startup founders know the deck is stacked against them. Take limited resources and capital, add a sprinkle of competition, a dash of high fees of traditional recruiting sites, and mix it…
Tesla ordered to pay massive $137 million settlement to Black employee who sued over racism, hostile work environment
A California court has demanded Tesla pay $137 million to a Black man who experienced racial discrimination and harassment while he worked as an elevator operator for the electric vehicle company. Owen Diaz was initially hired for his job at the factory…
N.THING, a South Korean AgriTech startup secures $26 million in fundraising to accelerated growth and expansion worldwide | News
SEOUL, South Korea, Oct. 3, 2021 /PRNewswire/ — Korean AgriTech startup N.Thing, has raised $21 million in series B fundraising that is up from a $5 million in previous series that is secured $26 million in total. This has been runned as an…
Foxconn is buying Lordstown Motors’ Ohio EV factory for $230 million
iPhone assembler Foxconn is buying an automotive factory from struggling EV startup Lordstown Motors for around $230 million, the companies announced late Thursday. Foxconn says it has agreed to build Lordstown Motors’ electric pickup truck at the plant,…
OPPO plans to export 5 million mobile phones from Pakistan every year
The Chinese smartphone manufacturer, OPPO Pakistan has shared that the company plans on exporting around 5 million mobile phones every year. To achieve the set target, the smartphone company has decided to upgrade its assembly plant in Pakistan to a…
Biotech accelerator LaunchBio awarded $2.1 million in federal funding to develop Dallas startups
A project with backing from some of Dallas’s most prominent philanthropic and business leaders will receive an additional funding boost from the federal government. LaunchBio, a startup accelerator at the new Pegasus Park development near Dallas’s…
VC Daily: Expansion Therapeutics Gets $80 Million for RNA-Targeted Drugs
Good day. Biotechnology startup Expansion Therapeutics Inc. has collected $80 million to hunt for oral medicines that make a significant impact on neurodegenerative diseases. Conventionally, medications have targeted disease proteins. Boston-based…
Quantum Computer Software Startup QC Ware Raises $25 Million | Technology News
OAKLAND, Calif (Reuters) – QC Ware, a quantum computer software startup based in Silicon Valley with high profile customers like Goldman Sachs Group, Inc, said on Wednesday it raised $25 million. The funding round was led by Koch Disruptive…
Del Taco building in Fort Oglethorpe sells for $1.7 million and more business news
Del Taco building sells for $1.7 million A Fort Oglethorpe storefront building that is home to Georgia’s most popular Del Taco restaurant recently sold to JLL Capital Markets, a professional services firm that specializes in real estate and…