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Technology

Revenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies – 98bmp

Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and chief executive officer Jeffrey Liu refers to as “growth capital as a product.”  While revenue-based […]

todayAugust 17, 2021 4

Technology

How one founder identified a gap in education working as a teacher and built a startup to fix it – 98bmp

Amanda DoAmaral was an educator herself before she decided to found a tech company aimed at improving the education system. That’s a surprisingly rare credential for a startup founder in this area to possess — despite the obvious benefits of real, first-hand experience. Her company, Fiveable, focuses on modernizing (including a remote-first approach) a key and often overlooked part of education for students: Building an active community of peers to […]

todayAugust 16, 2021 4

Technology

Mushroom-based meat alternative startup Fable Food raises $6.5M AUD, will launch in the US – 98bmp

Sydney, Australia-based Fable Food is the latest plant-based food startup to announce funding. The company, which uses mushrooms in its meat alternatives, has raised $6.5 million AUD (about $4.8 million USD) in a seed round led by Blackbird Ventures, the Australian venture capital firm whose portfolio also includes Canva, Culture Amp and SafetyCulture. Other participants included agriculture and food tech venture firm AgFunder, sustainability-focused Aera VC and Better Bite Ventures, […]

todayAugust 12, 2021 1

Technology

Singapore’s logistics tech startup Parcel Perform raises $20 million – 98bmp

Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round as it scales its business in several parts of the world. Cambridge Capital led the logistics tech startup’s Series A financing round, while SoftBank Ventures Asia and existing investors including Wavemaker Partners and Investible participated in it. The SaaS startup helps improve the […]

todayAugust 11, 2021 1

Technology

Pave gets Y Combinator to back better startup compensation tools, again – 98bmp

Pave, a San Francisco-based startup that helps companies benchmark, plan and communicate compensation to their employees, has raised a $46 million Series B. YC Continuity led the round, which also saw participation from Andreessen Horowitz and Bessemer Venture Partners. The round comes eight months after Pave closed a $16 million Series A round. Today’s financing puts Pave’s valuation at $400 million, up from $75 million one year ago. Pave launched […]

todayAugust 11, 2021 1

Technology

Car-sharing startup Turo has filed confidentially for an IPO – 98bmp

Turo, the peer-to-peer car-sharing startup, has initiated the confidential process of filing for an initial public offering with the U.S. Securities Exchange Commission. The number of shares to be offered in the IPO and the price range have not yet been determined, the company said in a statement. Turo declined to provide additional information to 98bmp. The eleven-year-old Turo’s marketplace is analogous to Airbnb, letting car owners post an ad […]

todayAugust 9, 2021 3

Technology

John Deere buys autonomous tractor startup Bear Flag Robotics – 98bmp

In the world of robotic startups, acquisition is often as good an outcome as any. And when it comes to robotic tractor startups, you could do worse than being acquired by John Deere. The agricultural technology giant announced today that it’s set to acquire Bear Flag Robotics for $250 million. The Bay Area-based firm, which specializes in autonomous farming heavy machinery, was founded in 2017. They first crossed our radar […]

todayAugust 5, 2021 2

Technology

Early Affirm employees raise $70M for SentiLink, an identity verification startup – 98bmp

SentiLink, an identity verification technology startup, has raised $70 million in a Series B funding round led by Craft Ventures. Felicis Ventures, Andreessen Horowitz (a16z) and NYCA also participated in the financing, which brings the company’s total raised to $85 million since its 2017 inception. The company declined to reveal at what valuation the money was raised, saying only it was “at a very high multiple” of its 2019 $15 […]

todayAugust 5, 2021 1

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

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