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London and SF have become Impact Tech hubs, with 280% increase in VC in 5 years

TechCrunch LA

New research has found that San Francisco and London have become two of the world’s leading hubs for VC investment into tech solutions that address one or more of the 17 UN’s Sustainable Development Goals (SDG), more commonly referred to as “Impact Tech” They are followed by Paris, Berlin, Stockholm, Shanghai and Beijing.

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

The group occupies some familiar spaces for past investments, with a focus on niche social communities, mobile media tools and augmented reality. Snap investment Hardworkers. Yellow investment SketchAR. Earlier Yellow bets skewed more toward content investments as Snapchat was scaling Discover. ”

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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. It has now made more than 2.5

Invest 233
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Investors based in San Francisco? That’s so 2019

TechCrunch LA

If the wealthy are no longer a quick drive from San Francisco, are they more open to doing remote investments? Matchstick Ventures’ Natty Zola said most investors fall into two buckets: A crowd that only invests in their backyard, and those who are explicitly all-in on certain geographies outside their home base.

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Startups Weekly: VCs are drunk on beverage startups

TechCrunch LA

Haus, like any good consumer startup in 2019, is shipped directly to your door. — Kate Clark (@KateClarkTweets) May 21, 2019. I almost skipped IPO corner this week because no big-name companies dropped or amended their S-1s or completed a highly anticipated IPO, as has been the case basically every week of 2019.

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Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024

TechCrunch LA

Urban Movement Labs, launched in November 2019, is a public-private partnership involving local government and companies to develop, test and deploy transportation technologies. Archer Aviation reached an agreement in early February to merge with special purpose acquisition company Atlas Crest Investment Corp.,

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Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt’s next act

TechCrunch LA

For Watt, the studio model represents the next iteration of startup investing. Rather than invest in companies and management teams that are unknown quantities, Watt thinks the studio will be able to create discrete companies much faster in the same way that companies today iterate on new products and services. ”

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