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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

“Most of the companies we have seen have an AI component to support the discovery or development processes,” Francisco Dopazo, a general partner at Humboldt Fund told TechCrunch recently. When evaluating ‘AI for drug discovery companies,’ I view AI as a tool,” Shaq Vayda, principal at Lux Capital, told TechCrunch.

Biotech 242
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Nerdy, a tutoring marketplace startup, is going public via SPAC

TechCrunch

Edtech startup Nerdy , which owns the popular tutoring business Varsity Tutors, is seeking to become a public company through a special purpose acquisition vehicle, otherwise known as a SPAC. Nerdy will merge with TPG Pace Tech Opportunities (NYSE: PACE), a publicly traded SPAC since 2015. Teachers are leaving schools.

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Why Nigeria leads the way in YC’s participation in Africa

TechCrunch

Many of those companies are Nigerian, and when we look at venture capital data, we can see why. In 2019, startups based in Nigeria attracted $747 million, or 37% of Africa’s total VC investment. YC W22 batch nets 24 African startups, including 18 from Nigeria. Y Combinator is paying attention.

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

Posting audited financials can prove detrimental for a private African company for several reasons ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well. million VC-backed company, Carbon was founded by Chijioke Dozie and Ngozi Dozie in 2012. billion (~$241.35

Banking 291
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Coinbase files to go public in a key listing for the cryptocurrency category

TechCrunch

The company’s public debut has been hotly anticipated thanks to recent activity amongst bitcoin and other blockchain-based assets, the company’s controversial political positions , and its spiking valuation on private exchanges. Coinbase’s financials show a company that grew rapidly from 2019 to 2020.

.Net 270
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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Just like last year’s batches, about half of the companies in the W22 batch (where YC’s Standard Deal comes to full effect for the first time) are based outside of the United States. Robert Nyangate is the company’s CTO. Founded in : 2019. As usual, the U.S. has the most representation. Unlike the U.S.

.Net 228
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Tetrate, the company born out of Istio’s open-source app networking project, raises $40 million

TechCrunch

Tetrate , the company commercializing an open-source networking project that allows for easier data sharing across different applications, has raised $40 million. Container security acquisitions increase as companies accelerate shift to cloud. “As Founded in 2018, Tetrate formally launched in 2019 with a $12.5 Tetrate nets $12.5