Venture Capital
deadmau5 Joins VC Firm As Strategic Advisor As Metaverse Gold Rush Heats Up
deadmau5‘s next gig will ensure the expansion of immersive metaverse technology and cutting-edge music tech. The electronic music luminary has accepted a role as a strategic advisor to Outlier Ventures, which, as Market Insider notes, was among the first venture capital firms dedicated to making crypto-related investments. The company, founded in 2014, also brought on hip-hop icon Snoop Dogg alongside deadmau5. deadmau5 and Snoop will advise and invest through Outlier Ventures’ Base Camp Accelerator, an incubator program that has collectively received over 5,000 applications from startup projects and generated $250 million in capital funding. With a monster year for crypto now in the books in 2021, the program is expected to be bigger than ever in 2022, with the potential to ac...
4 Lessons Private Equity Can Learn After a Huge 2020 for African VC
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Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup
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Nigerian FinTech Kuda Bank Closes $55-Million Series B Funding Round
Image sourced from Tech Crunch. Kuda Bank, a Nigerian fintech startup has raised $55-million in a Series B funding round at a valuation of $500-million. Previously, the company announced it had raised $25-million during a round of Series A funding a little over four months ago. Co-leading this latest round of funding were existing investors Target Global and Valar Ventures – a firm co-founded and backed by PayPal co-founder, Peter Thiel. Joining them were SBI Investment and other previous participants. According to Kuda’s co-founder and CEO, Babs Ogundeyi, the startup aims to build a new take on banking services for “every African on the planet” – in service of these lofty goals, the startup is looking to use the funds raised during this latest round to build on its platform for Nigeria, a...
South African E-Learning Unicorn Raises $200-Million in Series D Round
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The Top African Regions Set to Become Startup and Investment Hubs
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Security Flaw in Health Startup Exposed User Accounts and Medical Information
Sourced from LogBox. LogBox, a South African medical data startup that claims it is an “absolutely secure” way to replace paper forms and documentation in sharing patient data with doctors, has exposed user accounts and sensitive patient data following a lapse in security. Anurag Sen, a security researcher, found an exposed database belonging to the company. The database contained account access tokens for thousands of LogBox users, which if used would grant full access to the accounts and the information therein of users without even needing to input a password. Sen had reported to LogBox that their database has been exposed, but did not hear back. TechCrunch writes that the database has been pulled offline as soon as it reached out. LogBox’ database leak comes just as the country’s new d...
