ShipBlu bags $2.4M for its e-commerce and fulfilment service in Egypt

African e-commerce fulfilment startups backed by Y Combinator seem to be piquing investors’ interest this year for their niche e-commerce play. Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 million in seed funding. The company, founded by Ali Nasser, Ahmed ElKawass, Abdelrahman Hosny in […]

TechCrunch+ roundup: Midwest VC boom, advice for CISOs, Facebook’s next chapter

Healthcare spending accounts for almost 18% of U.S. GDP, so it’s no surprise that digital health is attracting record levels of investment. This year, VCs invested $14.7 billion in healthtech startups

Seven years after raising $542M at a $2B valuation, Magic Leap raises $500M at a $2B valuation

Magic Leap has had one hell of a journey, and to their credit, it seems investors are still addicted to giving them money. The augmented reality startup announced today that they have raised $500 million at a $2 billion valuation from existing investors. The round echoes the terms of an October 2014 raise where Magic […]