Sidewalk Labs spins out urban data-gathering tool Replica into a company – gpgmail

[ad_1] Replica, the data-gathering tool created within Sidewalk Labs that maps the movement of people in cities, is now a company. The newly formed company, which is headed by Nick Bowden, also announced Thursday it has raised $11 million in a Series A funding round from investors Innovation Endeavors, Firebrand Ventures and Revolution’s Rise of […]

Nigerian online-only bank startup Kuda raises $1.6M – gpgmail

[ad_1] Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech startups. “Kuda […]

Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago – gpgmail

[ad_1] Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees in the region over the next three years, most of which will be dedicated to Uber […]

SF based African fintech startup Chipper Cash expands to Nigeria – gpgmail

[ad_1] The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria. The San Francisco based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partnership with PayStack—the payment gateway company. Paystack CEO Shola Akinlade confirmed the collaboration. Chipper Cash will establishe a […]

Urbvan raises $9 million for its private shuttle service in Mexico – gpgmail

[ad_1] As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan, a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing. Co-founded by Joao Matos Albino and Renato Picard, Urbvan is taking the reins from startups like the now-defunct Chariot and tailoring the […]

Bestmile raises $16.5 million to manage human and AI-driven fleets – gpgmail

[ad_1] Bestmile, a transportation software startup, has raised $16.5 million in a Series B round led by Blue Lagoon Capital and TransLink Capital. Existing investors Road Ventures, Partech, Groupe ADP, Airbus Ventures, Serena and others also participated in the round. The company, which launched in 2014, has raised $31 million to date. Bestmile has developed […]

Instacart CFO Ravi Gupta to exit for Sequoia Capital – gpgmail

[ad_1] Instacart‘s chief financial officer and chief operating officer, Ravi Gupta, will exit the on-demand grocery delivery company at the end of the year to “return to his investing roots,” the company told gpgmail this morning. The executive will join Sequoia Capital as a partner on the growth team beginning in January. The company’s vice […]

Ready, Set, Raise — the Y Combinator for female founders — announces second cohort – gpgmail

[ad_1] About one-fourth of the startups in Y Combinator’s summer batch had a female founder. Not the most disappointing statistic if you consider this: Companies with at least one female founder have raised only about 11% of venture capital funding in the U.S. in 2019, according to PitchBook. Companies with female founders exclusively have raised […]

SAP covers hot topics at gpgmail’s Sept. 5 Enterprise show in SF – gpgmail

[ad_1] You can’t talk enterprise software without talking SAP, one of the giants in a $500 billion industry. And not only will SAP’s CEO Bill McDermott share insights at TC Sessions: Enterprise 2019 on September 5, but the company will also sponsor two breakout sessions. The editors will sit down with McDermott and talk about […]

Y Combinator graduate PredictLeads helps VCs hunt for unicorns – gpgmail

[ad_1] The Slovenian founders behind PredictLeads, another recent Y Combinator graduate, applied to the prestigious accelerator five times before they were admitted. Their business, which helps venture capital firms and sales teams identify high growth companies, i.e. potential investments and potential customers, had come a long way since it was founded in 2016. And earlier […]