Technology is already becoming a major economic driver for the whole of Africa, far more than anyone realises. While Jumia gets headlines, the relative impact of African tech VC is already equivalent to European tech funding only five years ago.
One in four tech startups in London has lost out on investment because of Brexit, according to research released today by Tech London Advocates, the private sector network of more than 7,000 tech leaders and investors.
If you’re hoping to create a unicorn on a budget, look to the European technology sector for inspiration. Despite the well-documented increase in available funding for tech companies across the continent, startups are reaching unicorn status with much lower totals of venture capital than U.S. rivals. In fact, this level of “capital efficiency” is one major attraction for international investors weary of the “burn rate” of many U.S. companies aspiring to valuations of $1 billion+.
As Lyft ($LYFT) started trading on the Nasdaq Friday, Victor Basta, the managing partner of boutique merchant bank Magister Advisors, says the company is being undervalued. That, he says, is why the stock initially surged 20%.
In this guest post Victor Basta, managing director of boutique investment bank Magister Advisors and a specialist in the technology sector, examines the surge in private equity-backed late-stage technology funding, and the implications for the sector.
You start a business, work incredibly hard and build a business of real quality. A few years in, you get a call from a senior exec at a large company who wants to buy your business. It’s exciting but your life savings are at stake.
In this guest post Victor Basta, managing director of boutique investment bank Magister Advisors and a specialist in the technology sector, argues that we'll see fintech valuations fall steeply across the board this year.
Tech investors are increasingly including “#MeToo” clauses in deals with start-ups, forcing entrepreneurs to disclose complaints about sexual harassment in the workplace, as more women speak out about sexism in the industry.
Britain’s largest technology company had an inauspicious start to the year: after it published its first-half results last week, shares in Micro Focus dropped by a fifth.
A record number of unicorn financings—venture-backed companies valued at $1 billion or more—helped drive U.S. venture funding to a total of $84.2 billion in 8,035 companies (through 8,076 deals) in 2017, according to Venture Monitor data.