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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


Shikho, an edtech startup focused on Bangladesh’s students, gets $1.3M seed – 98bmp

In Bangladesh, students often rely on after school learning centers for study help or test preparation, but many of the best ones are concentrated in major cities. Edtech startup Shikho was created to make supplementary education more accessible and affordable. The company announced today it has closed a $1.3 million seed round co-led by returning investor LearnStart (the seed fund of edtech investment firm Learn Capital) and Anchorless Bangladesh.  The […]

todayJuly 28, 2021 3


Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup – 98bmp

Hello and welcome back to 98bmp’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this week’s roundup, I’m including a conversation I had with Prophesee, a French vision technology startup, […]

todayJuly 25, 2021 3


Hear Startup Alley companies pitch expert VC judges on the next episode of Extra Crunch Live – 98bmp

We know how much you love a good startup pitch-off. Who doesn’t? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at your next pitch meeting with a VC. With all that in mind, we’re introducing a special summer edition of Extra Crunch […]

todayJuly 24, 2021 1


This startup replaces your live-streaming production crew with AI

LiveControl is an interesting company. Its mission is to take the incredibly complex and ridiculously expensive world of video production and distill it to a format that just about anyone can use and afford.And, because it’s 2021, that means it’s an AI startup.We love startups here at Neural, but the vast majority of pitches we get come from crappy companies pushing pie-in-the-sky misrepresentations of what predictive algorithms and computer vision […]

todayJuly 23, 2021 2


What’s it like to be a startup founder in Barcelona?

Barcelona is an iconic city, known for its lively culture and creativity. However, in the last 20 years, the city has also become one of the world’s most attractive startup ecosystems. Barcelona is frequently ranked among Europe’s top five startup hubs and successful companies such as Travelperk, Typeform, and Glovo were founded in the city.But what explains Barcelona’s popularity among entrepreneurs and what is it like to be a founder […]

todayJuly 22, 2021 2


Gourmey is a cell-based poultry startup working on lab-grown foie gras – 98bmp

Meet Gourmey, a new French startup that recently raised a $10 million founding round in equity and debt. The startup is working on meat grown in laboratories from animal cells. In particular, the company is focusing on poultry and aims to convince chefs that they should use the company’s products in their restaurants. “We’ve been raising animals for 20,000 years,” co-founder and CEO Nicolas Morin-Forest told me. “We grow cells, […]

todayJuly 14, 2021 3


Why did file sharing drive so much startup innovation? – 98bmp

One of the great things about editing all of our deep-dive EC-1 startup profiles is that you start to notice patterns across successful companies. While origin stories and trajectories can vary widely, the best companies seem to come from similar places and are conceived around very peculiar themes. To wit, one common theme that came from our recent profiles of Expensify and NS1 is the centrality of file sharing (or, […]

todayJuly 13, 2021 1


Kurly, the Korean grocery startup, raises $200M on a $2.2B valuation after shifting IPO plans away from the NYSE – 98bmp

Online grocery startups around the world continue to pull in major investment, underscoring how much they have all grown especially in the last year of pandemic living. In the latest development, Kurly — a startup in South Korea that provides next-day grocery delivery services across the country — has closed $200 million in funding, a Series F valuing the company at $2.2 billion, the company confirmed. This means the company’s […]

todayJuly 9, 2021 3