Monthly Archives: May 2023

SoftBank last week rebranded its Opportunity Fund to Open Opportunity Fund with the intent of opening the fund to other LPs and organizations to back minority entrepreneurs and startups. It also launched a second fund with a $150 million target. … Continue reading →

Apple today announced a multi-billion dollar deal with Broadcom to build some wireless components in the United States. Under the terms of the agreement, Broadcom will design and build 5G components, including FBAR filters, in its America-based facilities. In a … Continue reading →

Relationships are complicated — however, thanks to some fintech companies, mingling the finances of these modern couples can be easy. Plenty, a one-year-old company that helps couples discuss, manage and invest their money together, is the latest to launch its … Continue reading →

Former Apple engineer Neil Jhaveri has been working on an email app for Mac called Mimestream. It is now out of beta after a long test phase of more than two years. The app uses Gmail’s API — and that’s … Continue reading →

Meta has finally found a willing buyer for Giphy, the animated GIF search engine it acquired for $400 million three years ago. Shutterstock announced today that it has entered into an agreement with Meta to buy Giphy in a transaction … Continue reading →

Photoshop is getting an infusion of generative AI today with the addition of a number of Firefly-based features that will allow users to extend images beyond their borders with Firefly-generated backgrounds, use generative AI to add objects to images and … Continue reading →

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited … Continue reading →

South African digital banking platform TymeBank has raised $77.8 million in a pre-Series C round led by African-focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital. TymeBank expects to close its Series C round later … Continue reading →

Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for … Continue reading →