Africa’s top angel Tomi Davies eyes startups and co-investors

When Nigerian angel investor Tomi Davies backed his first company — Strika Entertainment in 2001 — he admits he wasn’t aware of his future role. “I was just helping out friends. I didn’t know it was angel investing. I didn’t know there was a structure to it,” he said. Seven years later, Davies received a 20x return on his first exit and a decade after that he’s recognized as an architect of early-stage investing across Africa. Davies is President of The African Business Angel Network Read more […]

Apple Working on Adding Keyboard Shortcuts to iPadOS for Changing Brightness

Apple makes some pretty decent keyboards for the iPads which include the Smart Keyboard and the Magic Keyboard with trackpad. However, one of the issues with them is that they lack a dedicated row of function keys. The lack of function keys in itself is not a big deal, but they are mostly used to quickly adjust some common system settings which is not possible on the iPad. However, it looks like Apple is working on adding keyboard shortcuts to adjust common iPad settings like the screen brightness Read more […]

India’s Reliance Jio Platforms to sell $1.2 billion stake to Mubadala

Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2 billion in Reliance Jio Platforms for a 1.85% stake in the firm. The deal valued the Indian telecom operator, which launched in the second half of 2016, at $65 billion. A Read more […]

Here’s what is driving GM’s reported plans to develop a commercial electric van

GM’s electric offensive to bring at least 20 new EVs to market by 2023 reportedly includes a commercial van. Reuters reported Thursday that the company is developing an electric van for the commercial market code named BV1. The vehicle is expected to start production in late 2021 and will use the Ultium battery system that was revealed in March, according to the report. When, and if, GM delivers on that goal in 2021 it will join an increasingly crowded pool. Amazon ordered 100,000 electric Read more […]

Ethena raises $2 million in seed funding for smarter anti-harassment software

Corporate harassment training is often defined by mandatory annual workshops, stock photo-ridden curricula and, often, outdated scenarios. Harvard graduates Roxanne Petraeus and Anne Solmssen think there’s a business in doing better than that. The duo co-founded Ethena, a software-as-a-service startup that sells anti-harassment training software that is more comprehensive and flexible than the status quo. Ethena sends “nudges,” or personalized short-form bits of training content, to Read more […]

FTC fines kids app developer HyperBeard $150K for use of third-party ad trackers

The U.S. Federal Trade Commission (FTC) today announced a settlement of $150,000 with HyperBeard, the developer of a collection of children’s mobile games over violations of U.S. Children’s Online Privacy Protection Act Rule (COPPA Rule). The company’s applications had been downloaded more than 50 million times on a worldwide basis to date, according to data from app intelligence firm Sensor Tower. A complaint filed by the Dept. of Justice on behalf of the FTC alleged that HyperBeard Read more […]

OTTO Motors raises $29M to fill factories with autonomous delivery robots

When Clearpath Robotics CEO and co-founder Matthew Rendall looks at the “miles” of roads inside industrial factories, he sees them filled with autonomous vehicles. And in the past five years, the company has inched toward that goal through its industrial division OTTO Motors. The division, which launched in 2015, has landed a number of customer contracts to bring its autonomous mobile robot platform into factories, including GE, Toyota, Nestlé and Berry Global. OTTO Motors is preparing Read more […]

Mercato Partners just launched Savory, a $90 million fund focused on fueling fast-casual restaurant concepts

Mercato Partners, a 13-year-old, Salt Lake City, Utah-based investment firm that oversees a growth fund, a secondary investment fund, and a venture fund, has launched yet another fund — this one a $90 million vehicle that the firm says will be used to invest in restaurant concepts that are gaining traction. Its timing is interesting, given the devastating impacts of the coronavirus on the restaurant industry. Even so, deeper-pocketed chains have had a much easier time surviving the downtown Read more […]

Signal now has built-in face blurring for photos

Apps like Signal are proving invaluable in these days of unrest, and anything we can do to simplify and secure the way we share sensitive information is welcome. To that end Signal has added the ability to blur faces in photos sent via the app, making it easy to protect someone’s identity without leaving any trace on other, less secure apps. After noting Signal’s support of the protests occurring all over the world right now against police brutality, the company’s founder Moxie Read more […]

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