It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to…
Added sugars, especially from processed foods and sweetened drinks, may increase the risk of high blood pressure. Excess sugar in your diet can also contribute to weight gain and insulin resistance, which can put extra strain on your heart and blood vessels and increase the risk. Added sugars like table sugar or high-fructose corn syrup…
There’s a generally accepted script in Silicon Valley: Identify a startup idea. Sell a chunk of your company to raise venture capital. Make sales. Raise more venture capital, and make more sales. Repeat until the company goes public, or gets acquired, hopefully for billions either way. But what if you didn’t get on a fundraising…
Open source X and Threads competitor Mastodon will begin experimenting with a new way to raise funds: in-app donations. The organization on Wednesday announced it’s launching a campaign that introduces banners inside its Android and iOS apps, prompting users to make a monetary donation. Initially, the feature will be shown only to those on the…
Diarrha N’Diaye-Mbaye, one of the first among the small number of Black women to raise more than $1 million in venture capital, announced on Thursday the closure of her award-winning beauty startup Ami Colé. Ami Colé creates makeup for those with darker skin colors, as those consumers often struggle to find makeup that matches their…
African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed at aligning resources with what it describes…
Endeavor Catalyst, the co-investment fund affiliated with global entrepreneurial network Endeavor Global, is raising a new $300 million fund, its fifth and largest fund yet, as it looks to deepen its bet on high-growth startups across Africa, Latin America, the Middle East, and Southeast Asia, TechCrunch has learned. The new fund, according to sources, is…
