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Groww, an investment app for millennials in India, raises $21.4M

Groww, an investment app for millennials in India, raises $21.4M

Of the 1.3 billion people who live in India, more than 100 million of whom are using digital payment apps each day, only about 20 million today invest in mutual funds and stocks. An Indian startup that is betting on changing that figure by courting millennials has just received a big backing. Groww, a Bangalore-based…
A $100 Million Investment to Reshape the Economics of the Web

A $100 Million Investment to Reshape the Economics of the Web

Coil, Mozilla, and Creative Commons have launched Grant for the Web, an ambitious initiative to empower individual creators and galvanize an alternative business model for online contentIndependent creators on today’s web face a number of challenges, from omnipotent platforms, to opaque recommendation algorithms, to an underlying business model that rewards clicks, not quality.So today, Coil, Mozilla…
New investment firm wants to change the way we fund early stage companies — from New Hampshire

New investment firm wants to change the way we fund early stage companies —...

The three founders of York IE have a vision about how to change the way early stage startups get funding. They have experience shattering norms, having built a successful startup, Dyn, in Manchester, New Hampshire, which is not exactly a hot-bed of startup activity. The founders want to take that same spirit and apply it…
YC is doubling down on these investment theses in its most recent batch

YC is doubling down on these investment theses in its most recent batch

Kate Clark @kateclarktweets / 8 hours Nearly 200 startups have just graduated from the prestigious San Francisco startup accelerator Y Combinator. The flock of companies are now free to proceed company-building with a fresh $150,000 check and three-months full of tips and tricks from industry experts. As usual, we sent several reporters to YC’s latest…
Investment managers don’t understand how to rate funds managed by black people

Investment managers don’t understand how to rate funds managed by black people

In the black — When funds are run by black people, quality differences are rated as smaller. John Timmer - Aug 13, 2019 7:02 pm UTC Science has struggled to increase the diversity of the research community, trying to ensure that everyone has an equal opportunity to contribute to humanity's advances. But science's struggles are…
Minimum investment for EB-5 investor green card expected to more than double

Minimum investment for EB-5 investor green card expected to more than double

While not a startup visa, the EB-5 investor green card offers many entrepreneurs a path to a green card by investing money and creating jobs in the U.S. Under the EB-5 program, an entrepreneur’s family is also eligible for green cards. Imminent regulatory changes to the EB-5 program are expected to make obtaining an EB-5…
KKR leads $300M investment in phishing training company KnowBe4

KKR leads $300M investment in phishing training company KnowBe4

You might not have known about KnowBe4 before, but you should now because this morning, the company announced a massive $300 million investment led by private equity firm KKR. The deal is based on a $1 billion valuation. Existing investors Elephant and TenEleven Ventures also participated in the round. The massive influx of cash comes…
Luxembourg to get €100M investment from Chinese payments startup Pingpong

Luxembourg to get €100M investment from Chinese payments startup Pingpong

For financial services firms looking to enter Europe, Luxembourg has historically been a popular anchoring point for its political and economic stability as well as a favorable regulatory environment. Another bucketload of capital is coming to the country after Chinese fintech startup Pingpong announced to invest more than €100 million ($113 million) in Luxembourg in…

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Scientist Behind The Navy’s “UFO Patents” Has Now Filed One For...

The latest in a series of bizarre Navy patents isn't just for a revolutionary reactor that could power cities, but also potentially a craft.USPTOThe War Zone has been reporting on a set of bizarre patents assigned to the U.S. Navy that describe radical new technologies that could absolutely revolutionize the aerospace field, and frankly, the…

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