Venture capital

OKX Ventures Leads Strategic Investment Round for BeWater, a Web3 Venture Studio and Global Developer Platform

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OKX Ventures Leads Strategic Investment Round for BeWater, a Web3 Venture Studio and Global Developer Platform

SINGAPORE, Jan. 12, 2024 /PRNewswire/ — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced that it has led an investment round in BeWater. BeWater is a Web3 venture studio and global developer platform that facilitates the development of open-innovation campaigns and events, including hackathons, in just 10 … Read more

Tesla raising factory worker pay in U.S., as UAW aims to organize

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Tesla raising factory worker pay in U.S., as UAW aims to organize

An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more

Saudi Arabia leads MENA region in venture investment in 2023

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Saudi Arabia leads MENA region in venture investment in 2023

For the first time in a new historical achievement, the Kingdom of Saudi Arabia (KSA) topped across Middle East and North Africa (MENA) region in terms of the amount of Venture Capital (VC) funding in 2023. This is according to Dubai-based MAGNiTT, which specializes in issuing data on venture investment in emerging companies in the … Read more

Global fintech investment plunges 51% in 2023 but UAE defies slowdown

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Global fintech investment plunges 51% in 2023 but UAE defies slowdown

Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to … Read more

SCOPE launches $45 mn VC fund for fintech, gaming startups

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SCOPE launches mn VC fund for fintech, gaming startups

New Delhi: SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors. SCOPE’s VC arm will operate as an independent entity to identifying, nurturing, and accelerating groundbreaking startups that demonstrate exceptional promise and disruptive potential. The VC arm will actively scout for startups … Read more

Coinbase secures crypto license in France, expanding further in Europe

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Coinbase secures crypto license in France, expanding further in Europe

POLAND – 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Cryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way … Read more

How Small Business Owners Can Level Up Their Negotiation Tactics With Venture Capitalists

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How Small Business Owners Can Level Up Their Negotiation Tactics With Venture Capitalists

Opinions expressed by Entrepreneur contributors are their own. When small business owners are looking to secure investment from venture capitalists (VCs), they have to understand the accurate valuation of their business before they enter into negotiations. Otherwise, they end up asking for too much, and investors won’t buy in, or they give away too much … Read more

OpenAI rival Anthropic in talks to raise $750 million funding round

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OpenAI rival Anthropic in talks to raise 0 million funding round

Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more

Venture capital firms expect fundraising in Southeast Asia to pick up in 2024

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Venture capital firms expect fundraising in Southeast Asia to pick up in 2024

Smart farm and Automatic robot mechanical arm harvesting vegetables Vithun Khamsong | Moment | Getty Images Venture capital firms in Southeast Asia expect fundraising to pick up in 2024, but tech firms need to demonstrate “clear” and “viable” paths to profitability. Global macro headwinds such as inflation and high cost of capital have plunged deployment … Read more

75-year-old tech mogul betting $1 billion of his fortune on AI future

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75-year-old tech mogul betting billion of his fortune on AI future

Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology. SAIGroup Billionaire Silicon Valley technology leader Romesh Wadhwani recently celebrated his 75th birthday with 100 friends, reminiscing about many career milestones and only wishing he were 20 years younger in a new, fast-moving … Read more