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Belgiums Gorilla raises €6 million to fuel growth in its energy data management

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC firm Beringea and the governmentrun innovation fund PMV in Belgium. Additional funding is provided by VLAIO, the Flemish regions economic growth organisation. With the help of Gorillas cloud software, energy utilities can instantly communicate information about energy usage trends by gathering vast amounts of data from EVs, smart metres, and IoT devices. The operational personnel of the energy company can then receive this information, giving them a greater understanding of the dynamics of the energy market locally and assisting them in developing new pricing strategies. Read More..

B2B Tech News | 2 years ago          

IMF chief flags inflation and slowing China as risk for Asia

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic s

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic slowdown as threats to Asias economic outlook and urged policymakers to strengthen their shockabsorbing capacities. Masatsugu Asakawa, president of the Asian Development Bank, also advised Asian policymakers to watch out for any indications of sudden capital outflows brought on by the continuous increases in US interest rates. The Association of Southeast Asian Nations ASEAN nations, according to Georgieva, are a bright spot in the global economy. Growth in these economies is anticipated to be 5% this year and to moderate somewhat in 2023. But she cautioned that concerns including the consequences from Russias war in Ukraine, a tightening of the global financial system, and a slowdown in Chinas growth dominated the picture and made it exceptionally unpredictable. Read More..

B2B Tech News | 2 years ago          

Florida withdraws $2 billion from BlackRock in largest antiESG divestment

Floridas chief financial officer announced on Thursday that his department would withdraw $2 billion worth of its assets from BlackRock Inc BLK.N, mar

Floridas chief financial officer announced on Thursday that his department would withdraw $2 billion worth of its assets from BlackRock Inc BLK.N, marking the largest such divestiture by a state hostile to the asset managers environmental, social, and corporate governance ESG principles. The $8 trillion in assets managed by BlackRock wont be significantly affected by the action, but the corporation was outraged and said that politics was put before of investor interests. Read More..

B2B Tech News | 2 years ago          

India seizes African healthcare opportunities

Kenya is one of the generic medication marketplaces with one of the largest supplydemand gaps in the world. Indiamade generic medications can be purch

Kenya is one of the generic medication marketplaces with one of the largest supplydemand gaps in the world. Indiamade generic medications can be purchased for a fifth of the cost of their branded counterparts, making them a popular option in less developed nations. Kenya receives imports of drugs and healthcare supplies from all around the world. There are about 300 employees working for it across nine production locations in Cameroon, Namibia, Botswana, and Côte dIvoire. Sinhue Noronha, the companys founder, expects that his business will aid in addressing some of the issues in African healthcare. These include low quality, dependency on imports, affordability, and accessibility. Read More..

B2B Tech News | 2 years ago          

ACCC gives green light to Compare the Market Operator to acquire iSelect

The Australian Competition & Consumer Commission ACCC will not object to Innovation Holdings Australia IHA, which now holds about a 26% share in iSele

The Australian Competition & Consumer Commission ACCC will not object to Innovation Holdings Australia IHA, which now holds about a 26% share in iSelect, buying the comparison website for $72 million. According to the ACCC, it was doubtful that the takeover would significantly diminish competition in the market. The insurance and utility comparison service will be sold by iSelect for 30 cents per share, representing an 87.5% premium over the previous days closing price. Previously, the ACCC looked into a partial acquisition that would have allowed IHA to hold up to 35% of the shares of iSelect. Read More..

B2B Tech News | 2 years ago          

Carousell laid off 10% of its workforce

Carousells CEO and cofounder, Quek Siu Rui, announced that the company will let go of 110 workers, or around 10% of its whole workforce, in order to a

Carousells CEO and cofounder, Quek Siu Rui, announced that the company will let go of 110 workers, or around 10% of its whole workforce, in order to achieve profitability. Quek admitted in a memo to staff that he had been over enthusiastic on the firms impacts speed in relation to its growth in investments. He claimed that while the businesss costs and hiring efforts immediately soared, returns took longer than expected. For each year of service, Carousell will pay affected employees one months income, up to a maximum of three months pay. Read More..

B2B Tech News | 2 years ago          

Tech startups avoid Singapore and Hong Kong for US SPACs

Startups in Singapore and Hong Kong are avoiding their native stock exchanges in order to combine with USbased SPACs special purpose acquisition firms

Startups in Singapore and Hong Kong are avoiding their native stock exchanges in order to combine with USbased SPACs special purpose acquisition firms. Spacs offer potential businesses a different route to going public. They raise money through an IPO and then buy or combine with an existing company. The first nine months of this year have seen the announcement of at least 28 Spac acquisitions, totaling $23.4 billion. No Spacs from the Singapore or Hong Kong exchanges were however implicated in any of them. Numerous Spac transactions favoured brash newcomers in the tech industry. Read More..

B2B Tech News | 2 years ago          

The watchdog of the competition smells the takeover of CochlearOticon

The proposed $170 million acquisition of Oticon Medical has caused preliminary competition concerns, according to the Australian Competition and Consu

The proposed $170 million acquisition of Oticon Medical has caused preliminary competition concerns, according to the Australian Competition and Consumer Commission ACCC. The businesses are two of a select few in the world that produce and provide equipment used to treat more severe hearing loss. The watchdog is worried that the proposed acquisition would significantly reduce competition in markets that are already very crowded. Read More..

B2B Tech News | 2 years ago          



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