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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Over the same period, investment dollars in IoT startups fell 57.2% from 2021 to $188.2

Startups 100
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Global VC investment remains muted

Future CFO

Global VC investment dropped for the sixth consecutive quarter in Q2’2023 – falling from US$86.2 In Asia, VC investment fell for the 6th consecutive quarter, reaching only $20.1 The Americas accounted for the largest share of VC investment with $42.9 The Americas accounted for the largest share of VC investment with $42.9

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Today In Data: Are Startups’ Days Numbered?

PYMNTS

Ever since Facebook made its debut 13 years ago, investors have been sinking their teeth into various startups just hopping to have a fraction of the success. According to recent data , investors are becoming pickier and the startup arena is starting to see signs of struggles to survive. tech startup investments. $75

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Chinese Investors’ $1.4B For Indian Startups Prompts Questions

PYMNTS

Venture capitalists in China are putting record levels of money into tech startups in India, raising questions about the ability of the geopolitical rivals to work cooperatively, the Financial Times (FT) reported on Monday (Feb. Indian startups can also be stigmatized for taking funds from Chinese venture capitalists.

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ID Verification Startup IDnow Gets $40M Investment

PYMNTS

ID verification startup IDnow has received a $40 million growth equity investment from private equity group Corsair Capital, according to reports. The segment of ID verification is growing, and other startups in the field, like Onfido and Jumio, have raised large amounts of capital in the last few years.

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Ripple Wants To Invest In Startups That Can Advance XRP

PYMNTS

Ripple , the blockchain payments company, is gearing up to invest in startups and technology firms that create more uses for its cryptocurrency XRP. In order to access the new offering, consumers must have a bank account, phone number or a QR barcode.

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Grab’s Earnings Bouncing Back To Pre-COVID Numbers

PYMNTS

Grab counts Softbank among its biggest investors and has evolved from a ride-hail startup in 2012 to a multi-faceted tech company that was last valued at $14 billion. In June, Singapore’s biggest startup had to lay off 5% of its workforce, about 360 people. Like many multi-billion dollar tech startups, Grab is not yet turning a profit.

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