Techstars-backed Nigerian edtech Klas raises $1M for global scaling of online teaching platform
Nigerian online teaching platform Klas has raised $1 million in pre-seed funding led by Ingressive Capital, with participation from Techstars, HoaQ Capital, and several angel investors. Founded in 2022 by Nathan Nwachuku and Lekan Adejumo, Klas enables users to create and sell ebooks, courses, and live classes. The platform offers
Read moreCRED to acquire mutual fund startup Kuvera in wealth management push
Indian fintech startup CRED has reached an agreement to buy mutual fund and stock investment platform Kuvera as part of an expansion into wealth management. The $6.4 billion Bengaluru-headquartered startup said it was attracted by Kuvera’s experienced team and expertise in enabling customers to invest directly in mutual funds and
Read moreUXLink Partners with OKX Wallet to Boost Web3 Wallets
UXLink, a visionary in the realm of Real Web3 Social Hub & Live Social Infrastructure, proudly announces the introduction of innovative features for managing Web3 assets. This significant advancement offers its 2.5 million users a unified and convenient platform for analyzing and managing their Web3 assets efficiently. With the integration
Read moreAI isn’t putting tech workers out of jobs, the stock price is
On today’s home team episode: a new study confirms that AI isn’t putting us out of business, why tech layoffs have been good for share prices, and the programming students learning to code with Copilot.
Read moreOpen Source ‘headless commerce’ builder Saleor closes $8M round led by Target Global and Zalando
Saleor — a Poland and U.S.-based startup that develops an open-source headless’ e-commerce platform that developers then use to build online shops — has pulled in an $8 million Seed-extension round led by Target Global (the investors which have previously backed the likes of Revolut and Auto1), and e-commerce giant
Read moreColossyan uses GenAI to create corporate training videos
Most people don’t watch corporate training videos — or, in cases where the training’s mandatory, don’t give them their full attention. According to a recent poll from Kaltura, the video tech provider, 75% of staffers admit to skimming through training videos, watching them without sound or listening to them while
Read moreChina’s generative video race heats up
On Monday, Tencent, the Chinese internet giant known for its video gaming empire and chat app WeChat, unveiled a new version of its open source video generation model DynamiCrafter on GitHub. It’s a reminder that some of China’s largest tech firms have been quietly ramping up efforts to make a
Read moreYamaha Motor fuels River’s ambitious electric SUV two-wheeler rollout in India
River, an Indian startup manufacturing electric two-wheelers, has raised $40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to increase R&D spending and expand the market presence of its first electric ‘SUV’ two-wheeler in India. The all-equity Series B round also saw
Read moreEarly-stage UK VC Episode 1 closes $95M third fund
Early stage European venture capital (VC) firm Episode 1 has closed its third fund at £76 million ($95 million), as the London-based investor turns to in-house “data-driven deal sourcing tools” to find the next big thing. Founded in 2013, Episode 1 has a handful of exits to its name from
Read moreLynk forges ahead with public market debut despite SPAC’s dwindling reserves
Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies confirmed the deal on Monday after announcing a non-binding LOI with Rodriguez’s special purpose acquisition company (SPAC), Slam Corp, in December.
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