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Technology

Real estate platform Casafari raises $15M to allow PE to buy single-family homes at scale – 98bmp

Just a Spotify used VC and PE backing to acquire the assets of the music industry so that we must now all rent our music via subscription, rather than own it for life, so a PropTech startup plans to follow a similar strategy for single-family homes. Casafari, a real estate data platform in Europe based out of Lisbon, Portugal, has raised a $15 million Series A funding round led by […]

todayJuly 7, 2021 1

Technology

Uberall raises $115M, acquires MomentFeed to scale up its location marketing services – 98bmp

Location-based services may have had their day as a salient category for hot apps or innovative tech leveraging the arrival of smartphones, but that’s largely because they are now part of the unspoken fabric of how we interact with digital services every day: we rely on location specific information when we are on search engines, when we are using maps, or weather apps, or taking and posting photos and more. […]

todayJune 15, 2021 2

Technology

Nexford University lands $10.8M pre-Series A to scale its flexible remote learning platform – 98bmp

Two profound problems face the higher education sector globally — affordability and relevance. Whether you live in Africa, Europe, or the U.S., a major reason why people don’t go to university or college or even drop out because they cannot afford tuition fees. On the other hand, relevance shows the huge gap between what traditional universities teach and what global employers actually look for. It’s not a secret that universities […]

todayJune 10, 2021 1

Technology

Kenya’s Lami raises $1.8M to scale API insurance platform across Africa – 98bmp

Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%. Unlike other parts of the world, most African insurance providers neglect the importance of tailored and affordable insurance products to the average African consumer. Lami Technologies, a startup out of Kenya armed with $1.8 […]

todayMay 5, 2021 2

Technology

Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants – 98bmp

The market remains very hot for startups building e-commerce empires by consolidating independent third-party merchants that have gained traction on Amazon’s Marketplace, and in the latest development, Razor Group — a Berlin-based startup buying up promising Amazon sellers and scaling them into bigger, multi-channel businesses — has closed financing of $400 million to scale its own efforts in the space. Around $25 million is coming in the form of equity […]

todayMay 4, 2021 4

Technology

Scale CEO Alex Wang and Accel’s Dan Levine explain why sometimes unconventional VC deals are best – 98bmp

Few companies have done better than Scale at spotting a need in the AI gold rush early on and filling that gap. The startup rightly identified that one of the tasks most important to building effective AI at scale — the laborious exercise of tagging data sets to make them usable in properly training new AI agents — was one that companies focused on that area of tech would also […]

todayApril 12, 2021 2

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