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Showing posts from August, 2021

Syndicate, a decentralized investing platform that wants to make it easier for users to create DAOs, raises $20M Series A led by Andreessen Horowitz (Dan Primack/Axios)

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Dan Primack / Axios : Syndicate, a decentralized investing platform that wants to make it easier for users to create DAOs, raises $20M Series A led by Andreessen Horowitz   —  Syndicate, a decentralized investing platform, raised $20 million in Series A funding led by Andreessen Horowitz. from Techmeme https://ift.tt/3jvkEb9

Olsam raises $165M to buy up and scale consumer and B2B Amazon Marketplace sellers

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On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. Olsam , a roll-up play that is buying up both consumer and B2B merchants selling on Amazon by way of Amazon’s FBA fulfillment program , has closed $165 million — a combination of equity and debt that it will be using to fuel its M&A strategy, as well as continue building out its tech platform and to hire more talent. Apeiron Investment Group — an investment firm started by German entrepreneur Christian Angermayer — led the Series A equity round, with Elevat3 Capital (another Angermayer firm that has a strategic partnership with Founders Fund and Peter Thiel) also participating. North Wall Capital was behind the debt portion of the deal. We have asked and Olsam is only disclosing the full amount raised, not the amount that was rais

Tribe and Arkam back Jar app to help millions in India start their savings journey

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Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or stocks, for instance. In recent years, a handful of startups have made it easier for users — especially the millennials — to invest , but the figure has largely remained stagnant. Now, an Indian startup believes that it has found the solution to tackle this challenge — and is already seeing good early traction. Nishchay AG , former director of mobility startup Bounce, and Misbah Ashraf , co-founder of MarsPlay (sold to Foxy), founded Jar earlier this year. The startup’s eponymous six-month-old Android app enables users to start their savings journey for as little as 1 Indian rupee. Users on Jar can invest in multiple ways and get started within seconds. The app works with Paytm (PhonePe support is in the works) to set up a recurring payment. (The startup is the first to use UPI 2.0’

Here are all the companies from Y Combinator’s Summer 2021 Demo Day, Part 1

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Today Y Combinator kicked off the Demo Day cycle for its Summer 2021 cohort. The collection of early-stage startups on day one-of-two alone numbered in the hundreds, meaning that we had to assemble a team here at TechCrunch just to cover it all. But before we get into notes on each company that presented, a few notes on the cohort itself. Per Y Combinator leadership, the 377 (!) startups in this cohort have founders from 47 different countries, and 37% of the founders in this cohort were from underrepresented groups (which YC’s Michael Seibel says the accelerator defines as Black, Latinx or female.) The international breakdown of the batch parallels that of this past winter. Nearly 50% of YC startups are based outside of the United States, with India, U.K. and Mexico making up the largest part of that percentage. What follows is a list of the 180+ companies in the order that they pitched, and our notes on each pitch. TechCrunch will follow up this post with a list of our favorites.