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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

But in 2019, various policymakers across different parts of the continent signed the African Continental Free Trade Area (AfCFTA) Agreement — a framework for Africa to be a single market for trade and services — to make intra-trade less painful (side note: the agreement is yet to make any significant impact.).

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SoftBank sinks $200M into Andela, propels company into unicorn territory

TechCrunch

Andela , a fully remote company that helps tech companies build remote engineering teams (initially from Africa but now a global market), is currently valued at $1.5 Its last valuation of $700 million came when the company raised a $100 million Series D in 2019.

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WeTravel books $27M to build fintech and more for bespoke group travel

TechCrunch

The company provides payments and other tools to some 3,000 companies, working out to 500,000 customers using its platform. So in 2019, WeTravel’s three founders relocated back across the pond to The Netherlands. Transaction volumes have grown 300% and revenues currently sitting at 3x the level it was pre-COVID.

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Microsoft’s latest OpenAI investment opens way to new enterprise services

CIO

And as an investor it can expect some return on its capital, although this will be limited by OpenAI’s status as a capped-profit company governed by a nonprofit. In July 2019 it became OpenAI’s exclusive cloud provider and invested $1 billion in the company to support its quest to create “artificial general intelligence.”

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‘How can you understand life if you don’t look at it live?’ — Eikon Therapeutics rakes in $518M

TechCrunch

That innovation has formed the basis of a startup that’s been raking in funding since its founding in 2019. Eikon Therapeutics, co-founded by Betzig, is a biopharmaceutical company with plans to use super-resolution fluorescence microscopy, the data collected by these high-powered microscopes and a host of other tools to develop new drugs. .

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Dear Sophie: Which immigration options allow me to launch my own startup?

TechCrunch

Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.

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TechCrunch+ roundup: Construction tech survey, founder-CEO friction, diversify your cap table

TechCrunch

Technical founders often recruit a CEO who can fill in gaps in their business experience, but if they cannot build a strong partnership, everyone suffers. “In the best case, a strong partnership can pioneer new models and build a lasting and impactful company,” says Schireson. Senior Editor, TechCrunch+. yourprotagonist.