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Africa Roundup: Partech Ventures launches $70M fund, TPG Growth acquires TRACE, Rensource raises $3.5M

Last month we characterized 2017 as the year Sub-Saharan Africa’s startup scene found its stride. 2018 looks to be the year of numerous VC investments. TPG acquires TRACE January got the funding party started. U.S.-based private equity firm TPG Growth acquired a majority stake (of an undisclosed value) in entertainment company TRACE. TRACE is a global multimedia

A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that shaped

Latin America’s Groupon Mafia

Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor: The founders of PayPal and its employees have produced many highly successful companies over the years. In fact, PayPal’s founding team often is referred to as the “PayPal Mafia”

Financial technology startups emerged as serious challengers to financial services in 2017

Dana Stalder is a general partner at Matrix Partners and writes at forentrepreneurs.com. More posts by this contributor: All the attention in financial services this year has gone to the newest kids on the block: cryptocurrencies. With bitcoin now eclipsing $15,000 and Coinbase adding more than 300,000 users in one week

Don Katz dishes on Audible.com storytelling with ‘Invisible Man,’ Ralph Ellison

Jordan French Contributor Jordan French is the founder of the marketing firm Notability Partners and the chief marketing officer of BeeHex. More posts by this contributor: Though lots of moving parts have to be corralled together in order to found, expand and manage a business as large as Audible.com, founder Donald Katz

Africa Roundup: Lori Systems wins BFX Africa, Andela raises $40M, Jumia lends to SMEs, Safaricom launches incubator

Logistics transportation company Lori Systems won best of show at TechCrunch’s Startup Battlefield Africa after gaining majority votes of the event’s 15 judges. The Kenyan-based venture pitched its platform to optimize all points of the cargo delivery supply chain ― from the trucks, to the suppliers, to invoicing and costs.

These are the US startups that Russian investors are backing

A taxi-hailing app. A transplant device developer. An online mortgage provider. Those businesses may have little in common, but one shared thread is that U.S. startups in these sectors have all secured large funding rounds led by Russia-based investors. They’re not alone. Over the past seven years, Russia-based strategic and venture investors

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