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Swap, which uses AI to help DTC, e-commerce brands with inventory management, raised a $40M Series B led by Iconiq Growth and plans an international expansion (Julia Hornstein/Business Insider)

Julia Hornstein / Business Insider : Swap, which uses AI to help DTC, e-commerce brands with inventory management, raised a $40M Series B...

2 March 2025

Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024 (Damilare Dosunmu/Rest of World)

Damilare Dosunmu / Rest of World:
Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024  —  The withdrawal leaves a gap in support for early-stage startups, as Africa's tech funding has been declining since 2022.

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