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GLOBAL NEWS

Launching a $95 million venture capital fund to support the African tech sector is Egypts Flat6Labs.

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East Africa will be the three key investment regions that the Africa Seed Fund ASF will concentrate on. For the next five years, it will invest in more than 160 earlystage tech startups with a focus on markets that hasten digital inclusion and fields that help solve social and environmental problems. The fund has the potential to produce more than $700 million in income, 14,000 new employment, and support more than 1,200 founders, 20% of whom will be women. Under the Africa Seed Fund, Flat6Labs is investing in preseed to preseries A stage businesses with tickets costing between $150,000 and $500,000. Read More..

B2B Tech News | 7 months ago      

After SVBs demise, tech startups in Latin America scramble.

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced an emergency plan that will allow SVB depositors to access their money, but startups are still without a longterm strategy. But, it might not arrive in time for employees midmonth payments. Roddo, a Mexican rental property startup, was able to transfer its money from SVB to cash accounts with U.S. financial tech companies. Yet, South American companies claim that local banks in the region lack the requisite resources, whereas Chinese businesses are turning to larger American banks or Chinese lenders. Banks in Mexico lack the expertise, resources, and institutional power to promote startups. Read More..

B2B Tech News | 7 months ago      

The first ITSM data center in Australia is announced by SolarWinds.

For users of SolarWinds Service Desk, the secure observability and IT management software company SolarWinds has opened its first IT service managemen

For users of SolarWinds Service Desk, the secure observability and IT management software company SolarWinds has opened its first IT service management ITSM data centre in Australia. The Sydney data centre was created to enable customers of SolarWinds show compliance with data sovereignty standards while also enhancing performance and speed. It will improve SolarWinds software as a service SaaSdelivered offering and expand client availability to not only Australian customers but also businesses throughout the AsiaPacific and Japan APJ region. It is part of the companys regional growth in APJ. The forthcoming 24th itSMF National Service Management Conference will also feature participation from SolarWinds. Read More..

B2B Tech News | 7 months ago      

New fund from MENA VC Flat6Labs to support East and West African startups

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA regio

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA region. After 11 years, Egypts seedstage accelerator is expanding into East and West Africa with a $95 million Africa Seed Fund investment vehicle. The fund will invest in startups in fintech, health tech, logistics, mobility, clean tech, agtech, retail, and ecommerce. Flat6Labs will invest between $150,000 and $400,000, with additional investments up to $500,000, to ensure ongoing support. Flat6Labs seed programme will accept 10 to 15 startups every six months, with the goal of supporting up to 170 startups over the next five years. Read More..

B2B Tech News | 7 months ago      

One Impression, an Indian influencer marketing platform, receives $10 million from Krafton.

The South Korean gaming company Krafton led a $10 million funding round for One Impression, an Indian influencer marketing platform. The Gurugrambased

The South Korean gaming company Krafton led a $10 million funding round for One Impression, an Indian influencer marketing platform. The Gurugrambased startup is developing an Amazonstyle platform to assist brands in quickly locating relevant influencers for their marketing campaigns. It has over 7 million content creators on the platform, including microones from villages and tier2 and tier3 towns, as well as large celebrities and Bollywood actors. One Impression works directly with content creators, agencies, and agents to provide brands with a variety of influencers that meet their needs. The company also provides fullstack solutions ranging from discovery, pricing, and payments to compliance, government contracts, delivery, and performance tracking. It is also developing tools to assist creators in monetizing their content and unlocking opportunities. Read More..

B2B Tech News | 7 months ago      

The North American market for rapid prototyping materials is likely to expand quickly in the near future.

InsightAce Analytic Pvt. Ltd. announces the publication of a market analysis report titled Global Rapid Prototyping Materials Market Size, Share, and

InsightAce Analytic Pvt. Ltd. announces the publication of a market analysis report titled Global Rapid Prototyping Materials Market Size, Share, and Trends Analysis Report By Type Polymer, Metals & Alloys, Ceramics, Form Filament, Ink, And Powder, Function Conceptual Model, Functional Prototype, and EndUse Aerospace & Defense, Healthcare, Manufacturing & Construction, Consumer Goods & Electronics, Transportation, and Others. The market is expected to exceed USD 8.23 billion by 2031, growing at a 31.40% CAGR during the forecast period. Rapid prototyping is the process of quickly creating physical components and models by utilising additive manufacturing to create tangible components. Its benefits include shorter design and development times, lower overall product development and functionality testing costs, and risk elimination. The market is expected to grow due to rising demand. Read More..

B2B Tech News | 7 months ago      

Medwing, a marketplace for healthcare workforce recruitment in Europe, raises $47 million.

Medwing, a European startup developing a healthcare recruitment marketplace, has raised €44 million $47 million in a Series C round of funding. It a

Medwing, a European startup developing a healthcare recruitment marketplace, has raised €44 million $47 million in a Series C round of funding. It aims to serve the German and British healthcare industries with a platform that connects hospitals and clinics with nurses and elderly carers. There are 5,500 registered medical employers and 500,000 healthcare professionals, according to the website. Medwing is a healthcare job board that focuses on both permanent and temporary positions. Read More..

B2B Tech News | 7 months ago      

DDR reports an increase in revenue of 25% to AU$3.1 billion.

Dicker Data, Australias tech stock and valueadded distributor of hardware, software, cloud, access, control, and surveillance, has reported a 25% incr

Dicker Data, Australias tech stock and valueadded distributor of hardware, software, cloud, access, control, and surveillance, has reported a 25% increase in revenue to AU$3.1 billion for the fiscal year ending March 31, 2019, driven by continued uncertainty, rising interest rates, inflation, and other uncontrollable factors. Revenue in Australia increased by AU$397.3 million, while revenue in New Zealand increased by AU$222.6 million. Across ANZ, software recurring and subscription revenues increased 42.5% to AU$743.9 million. Much of FY22 was spent consolidating the customer and vendor relationships gained through the acquisition of the Exeed and Hills businesses. Read More..

B2B Tech News | 7 months ago