One of the investments will be the basis of a new collaboration between JumpStart Inc., the Cleveland-based nonprofit business accelerator, and University Hospital Ventures, the innovation and commercialization arm of University Hospitals.
6 VCs talk the future of Austin’s exploding startup ecosystem
For years now, a growing number of tech companies large and small have either relocated their headquarters to Austin or opened another office or campus in the Texas capital. They’ve been drawn to the city for a number of factors, including its laid-back lifestyle, no state tax, a business-friendly environment and lower cost of living (for now).
The impact on the city’s startup ecosystem is noticeable in the growing number of entrepreneurs (many of whom worked at some of the tech giants who have a big presence in the city) and investors calling Austin home.
iTWire Tuesday, 06 April 2021 11:36 Enboarder raises $6.6 million in funding round
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Global HR technology company Enboarder has closed a $6.6 million (US$5m) series A2 funding round.
The Austin, Texas-based Enboarder says it plans to use the investment to expand its offering to become an “all-encompassing employee experience platform” as well as “strengthen its existing employee onboarding offerings to accommodate remote and blended ways of working”.
The funding round was led by top-tier US VC firm Next Coast Ventures, with existing investors, GreyCroft and Stage 2 Capital, also participating.
Next Coast Ventures co-founder and managing director Tom Ball said: “Enboarder has built a unique technology solution that is upending profoundly antiquated employee processes, while also delivering dramatic efficiency improvements and delightful experiences to customers and their employees.
80-year-old Progressive works to stay in touch with startup businesses
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Tricia Griffith, CEO of Progressive Corp., speaking at the virtual annual meeting of the North Coast Venture Fund.
Progressive Corp., the Mayfield Village-based insurer, may be the largest company in the region and, at 83 years old, one of its great growth stories, with a worldwide market. But, said CEO Tricia Griffith, it s important that the company think young and stay in touch with what s happening at companies in Northeast Ohio and elsewhere that are struggling to get off the ground. That s how I think about startups, she told the virtual attendees at the annual meeting of North Coast Ventures, the 15-year-old Cleveland investment group that helps to finance technology startups, primarily software businesses. I think about the fact that they don t have the legacy systems and they can be really nimble, and that is going to be expected of all (businesses) to be that way, even though we re over
Sandeep Sen Published: 10:30 am Jan 10, 2021
New brand logo of Ncell - an Axiata company.
KATHMANDU, JANUARY 9
A handful of Nepali investors have made fortunes buying and selling Ncell shares using funds which appear to have flowed covertly to them via tax havens from the Malaysian telecom giant, Axiata, and Sweden’s Telia.
Some transactions by Nepali investors appear to challenge Nepal’s laws on foreign exchange controls, taxation, and foreign ownership.
An investigation by the Centre for Investigative Journalism-Nepal and Finance Uncovered, a British journalism organisation, has found that the primary Nepali beneficiaries from these deals appear to be leading businessman Upendra Mahato, his associate Niraj Govinda Shrestha, and businesswoman Bhavana Singh Shrestha, along with her company Sunivera Capital Venture.