Hey, there ARE Growth funds in Europe - Kennet raises $287M for its largest fund to date

Europe is routinely castigated by tech industry observers for having too little ‘growth capital’ funds, and, compared to the US, that’s true. That said, it is nowhere near non-existent on this front. To wit: Growth equity investor Kennet has just announced it’s raised €266 million for its largest fund to …...Read More

Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making

Intelmatix, a deep tech b2b startup that’s targeting businesses in the MENA (Middle East and North Africa) region wanting help to tap into the power of AI for decision-making, has closed a $20 million Series A funding round – one of the largest such rounds for a regional company of …...Read More

Disinformation may 'go nuclear' rather than 'go viral,' researchers say

We say something “goes viral” because we tend to think of rumors and disinformation spreading the way that an infection spreads. But these days it may be more accurate to say something “goes nuclear,” according to a new paper that models disinfo as a form of fission reaction. As common …...Read More

Boost brand presence in a Side Event at Disrupt 2024

Maximize your brand exposure at TechCrunch Disrupt 2024, one of the tech industry’s most anticipated events! From October 26 to November 1, you can host a Side Event, offering a prime opportunity to connect with top tech innovators and showcase your brand to a wide audience. Don’t miss out — …...Read More

FranShares has a new approach to passive income, letting people invest in franchises for as little as $500

Historically, passive income has been associated with investing in real estate such as rental properties. FranShares is a Chicago-based startup that wants to offer investors another form of passive income: the chance to invest in franchises for as little as $500. For the unacquainted, a franchisor is a party that …...Read More

Moxxie Ventures, led by ex-Twitter media head, raises $95M third fund

The fundraising environment is challenging for emerging managers, defined as VC firms raising their first through third time. But Katie Jacobs Stanton, a former head of media at Twitter who founded Moxxie Ventures in 2019, said that she had a much easier time than she was expecting when raising funds …...Read More

HealthEquity data breach affects 4.3 million people

HealthEquity is notifying 4.3 million people following a March data breach that affects their personal and protected health information. In its data breach notice, filed with Maine’s attorney general, the Utah-based healthcare benefits administrator said that although the compromised data varies by person, it largely consists of sign-up information for …...Read More

Real-time database startup ClickHouse acquires PeerDB to expand its Postgres support

ClickHouse, the open source real-time analytics database startup that was spun out of Yandex in 2021, on Tuesday announced that it has acquired PeerDB, a company that focuses on cost-effective Postgres replication and change data capture. Since its launch, and even before, during its time as a Yandex-backed open-source project, …...Read More

EU calls for help with shaping rules for general purpose AIs

The European Union has kicked off a consultation on rules that will apply to providers of general purpose AI models (GPAIs) — such as Anthropic, Google, Microsoft and OpenAI — under the bloc’s AI Act, its risk-based framework for regulating applications of artificial intelligence. Lawmakers want the Code of Practice …...Read More

Siddhi Capital grabs $135M for Fund II to invest in consumer packaged goods startups

When Siddhi Capital’s Melissa Facchina started working in her family’s juice manufacturing businesses at a young age, she got hooked on how to be an efficient operator. As she grew up, she saw how the food system was changing: More people starting to demand transparency in the supply chain and …...Read More