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Kindred Ventures just closed its second fund with $100 million in capital commitments

Two years after launching its $ 56 million debut fund, Kindred Ventures, a San Francisco-based pre-seed and seed-stage venture fund founded by Steve Jang and Kanyi Maqubela, has closed its second fund with $ 100 million in capital commitments. Jang is himself a founder who...
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February 2, 2021 albert Tech News No Comment

DCM has already made nearly $1 billion off its $26 million bet on Bill.com

David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $ 1 billion from the $ 26.4 million it invested...
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September 12, 2020 albert Tech News No Comment

Do Ventures launches $50 million fund for Vietnamese startups, backed by Naver, Vertex and other notable LPs

1.-General-Partners-of-Do-Ventures-Dzung-Nguyen-and-Vy-Le
Vy Le and Dzung Nguyen, the founders and general partners of Do Ventures, an investment firm focused on early-stage Vietnamese startups New investment firm Do Ventures announced today the first closing of its fund for Vietnamese startups, which is backed by several of Asia’s most...
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September 8, 2020 albert Tech News No Comment

How to file for a piece of that $117.5 million Yahoo data-breach settlement

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Hey, would you look at that? Yahoo accounts finally have some value — but only if you act quickly.  The deadline is fast approaching to file a claim for a piece of the $ 117,500,000 settlement following multiple hacks of Yahoo’s systems, spanning 2013 to...
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July 17, 2020 albert Tech News No Comment

India’s Reliance Jio Platforms to sell $250 million stake to L Catterton

Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $ 250 million for a 0.39% stake in Jio Platforms, becoming the ninth investor to back the Indian...
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June 13, 2020 albert Tech News No Comment

Indonesian startup Delman raises $1.6 million to help companies clean up data

Delman, a Jakarta-based data management startup, has raised $ 1.6 million in seed funding. The round was led by Intudo Ventures, with participation from Prasetia Dwidharma Ventures and Qlue Performa Indonesia, and will be used to establish a research and development center and hire software...
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May 27, 2020 albert Tech News No Comment

FCC orders Sinclair to pay $48 million fine related to its failed merger with Tribune

Sinclair Broadcast Group has agreed to pay a $ 48 million fine to the Federal Communications Communication to close investigations related to its attempted merger with Tribune Media. The FCC said in its announcement that this is the largest civil penalty paid by a broadcaster...
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May 7, 2020 albert Tech News No Comment

UNESCO updates distance-learning guide for the 776.7 million children worldwide affected by school closures

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As schools around the world close or move classes online to mitigate the spread of COVID-19, many parents and educators are scrambling for ideas. The United Nations Education, Scientific and Cultural Organization (UNESCO) has assembled an online guide with links to distance learning apps and...
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March 17, 2020 albert Tech News No Comment

Japanese vacation rental management startup H2O raises $7 million Series B from investors including Samsung Ventures

Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as it prepares for the Summer Olympics. H2O addresses the market opportunity with a platform that helps vacation rental owners manage their properties. The startup announced today it has raised...
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February 3, 2020 albert Tech News No Comment

Pepper, founded by five Snap alums, has raised $5.6 million to help startups analyze their spend

For years, startups have been encouraged to grow at all costs. That hasn’t always turned out so well, and founders are feeling pressure for the first time in a long time to do a better job of keeping track of their spending — and their...
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December 17, 2019 albert Tech News No Comment
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