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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 on

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Vroom targets nearly $2B valuation in impending IPO

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Used-car marketplace Vroom continued its march towards going public yesterday with

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OurCrowd launches $100M Pandemic Innovation Fund

OurCrowd, the Israeli crowdfunding venture investment platform, today announced the launch of its Pandemic Innovation Fund, with plans to raise a total of $100 million. The money will be invested in &

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Russia tests Avifavir anti-coronavirus drug

Russia is currently carrying out clinical tests of Avifavir, which may prove to be an efficient treatment for COVID-19, the producer of the drug said in a statement on

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Wasabi announces $30M in debt financing as cloud storage business continues to grow

We may be in the thick of a pandemic with all of the economic fallout that comes from that, but certain aspects of technology don’t change no matter the external factors. Storage is one of them.

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Despite COVID-19, optimism reigns in the Midwest’s startup scene

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Startups in the Midwest are optimistic despite the fact that a fair number of comp

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African countries need ‘startup acts’ more than ever to support innovation

As the fallout from COVID-19 continues to grip Africa’s major economies, the tech ventures in those countries need state support.National legislation that creates clear frameworks and operational supp

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Xona Space Systems raises $1 million to improve satellite-based navigation services

San Mateo-based startup Xona Space Systems has raised a $1 million “pre-seed” round led by 1517, and including participation from Seraphim Capital, Trucks Venture Capital and Stellar Solut

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Chinese online grocery firm Dada files for U.S. IPO

VCG Online grocery firm Dada Nexus Ltd filed for an initial public offering, making it the latest Chinese firm to opt for a U.S. listing after a strong debut by Kingsoft Cloud Holdings.Dada, w

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VC’s largest funds make big bets on vertical B2B marketplaces

During the waning days of the first dot-com boom, some of the biggest names in venture capital invested in marketplaces and directories whose sole function was to consolidate information and foster tr

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Customer journey hijacking prevention tool Namogoo acquires Personali for its behavioural analytics

Namogoo, the Israel-based company that has developed a solution for e-commerce and other online enterprises to prevent “customer journey hijacking,” has acquired behavioural analytics company Personal

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GM, SAIC China sales rebound in April as market recovers

General Motors' sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world's biggest auto market recovers from the coronavirus epidemic.GM's

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Ireland extends COVID-19 lockdown to May 18

Irish Prime Minister Leo Varadkar worked as a doctor for seven years. /Ludovic Marin/AFP Pool/AP Ireland has extended a lockdown imposed to curb the spread of COVID-19 from May 5 to May 18, af

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Digging for dollar signs amid edtech’s current momentum

Edtech was long defined by stodgy sales cycles, sluggish adoption and splashy pitches to K-12 districts with tight budgets, but the COVID-19 pandemic turned that reputation on its head in short order.

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NEA-backed Personal Genome Diagnostics receives FDA clearance for its cancer diagnostic

Personal Genome Diagnostics, the venture-backed developer of a novel diagnostic kit for genomic profiling of different cancers in lab settings, has received clearance f

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Indie.vc founder Bryce Roberts: Profitability is ‘more achievable than a Series A round’

Despite all evidence to the contrary, there’s more to building a startup than raising venture capital.Founders are finding success without overly relying on VC dollars; some are even sharing pro

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Finnish VC Icebreaker launches second fund to continue backing “pre-founders” and pre-seed startups

Icebreaker.vc, the Finnish venture capital firm that backs “pre-founders” and pre-seed to seed-stage startups, has launched a second fund, with a first close of €50 million.That’s al