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Technology

Founder of EV startup Nikola charged with misleading investors

A federal grand jury charged Trevor Milton, founder and former chairman of EV startup Nikola, with three counts of criminal fraud, Bloomberg reports. He’s accused of lying about “nearly all aspects of the business” to increase stock sales of the electric vehicle startup, according to an indictment unsealed Thursday.Specifically, prosecutors charged him with two counts of securities fraud, including making false statements about the electric truck company, and wire fraud.In a separate complaint […]

todayJuly 31, 2021 2

Technology

One of Nigeria’s high profile angel investors is launching a fund for African startups – 98bmp

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital, a Pan-African venture capital firm he co-founded with Abe Choi, a U.S.-based entrepreneur and investor. Voltron will be deploying capital to roughly 30 […]

todayJuly 26, 2021 2

Technology

Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – 98bmp

Stock in many American companies, like Amazon, Alphabet or Tesla, can host hundreds or thousands of dollars per share. Fractional trading, or buying part of a single share through a brokerage, makes them more accessible—at least to people within the United States. Investors in other countries, however, often have to pay high fees through interactive brokers. Gotrade makes fractional trading of U.S. stocks available to people in 150 countries, and […]

todayJune 25, 2021 2

Technology

Investors say Eindhoven poised to become Netherlands’ No. 2 tech hub – 98bmp

Eindhoven might not immediately spring to mind as a high-tech hub, but the Netherlands city is keen to position itself as a center for deep tech in Europe. The Technical University of Eindhoven, High Tech Campus Eindhoven, and locally based corporates like ASML and Philips have been eyeing initiatives across Europe and applying what they’ve learned to the region’s strategy. Philips launched in Eindhoven in 1891 and played no small […]

todayJune 19, 2021 3

Technology

Investors race to win early-stage startup deals in India – 98bmp

India may be grappling with the second wave of the coronavirus, rising unemployment, and a dwindling economy, but the South Asian nation’s burgeoning startup ecosystem has never had it better. High-profile investors in India have long aggressively chased growth-stage, and late-stage deals, pouring record amounts of capital into the world’s second largest internet market. But in a sign of the growing investor bullishness regarding Indian startups, even early-stage companies that […]

todayJune 3, 2021 2

Technology

6 investors and founders forecast hockey-stick growth for Edinburgh’s startup scene – 98bmp

Scotland is slowly but surely drawing attention in the UK’s startup space. In 2020, Scottish startups collectively raised £345 million, according to Tech Nation, and with nearly 2,500 startups, it has the highest number of budding tech companies outside London. Venture capital fundraises are also consistently on the rise every year. Scotland’s capital Edinburgh boasts a beautiful, hilly landscape, a robust education system and good access to grant funding, public […]

todayMay 29, 2021 2

Technology

Investors help Procore build a decacorn valuation in public debut – 98bmp

Watching construction tech software company Procore go public today after pricing above its range makes the IPO slowdown look like the deceleration that wasn’t. Investors quickly bid up the company’s value in trading, giving Procore a higher valuation than it might have anticipated, along with a boost of confidence for the IPO market in general. Construction tech may not be as glamorous as space travel, but it’s a massive industry […]

todayMay 20, 2021 3

Technology

BukuKas gets $50M from investors including DoorDash’s Gokul Rajaram and TransferWise founder Taavet Hinrikus – 98bmp

BukuKas co-founders Krishnan Menon (left) and Lorenzo Peracchione (right) with a BukuKas user BukuKas, a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. The round included participation from Gokul Rajaram, the DoorDash executive, and Taavet Hinrikus, co-founder and chief executive officer of TransferWise. This news comes just four months after BukuKas announced a $10 million Series A led by Sequoia Capital India. BukuKas will […]

todayMay 18, 2021 2

Technology

Solana, a blockchain platform followed by top crypto investors, says it’s a lot faster than Ethereum – 98bmp

Solana isn’t known yet outside of the crypto community. But insiders think the blockchain platform is interesting for a wide variety of reasons, beginning with its amiable founder, Anatoly Yakovenko, who spent more than a dozen years as an engineer working on wireless protocols at Qualcomm and who says he had a lightbulb moment at a San Francisco cafe several years ago following two coffees and a beer. His big […]

todayMay 15, 2021 2

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