Fluent Ventures News Today

In 2020, Kauffman Fellows (KF), a prominent venture education program renowned for its extensive and well-established network of VCs, made a concerted effort to enhance the diversity within its board. The program, a well-established resource for startup founders and the venture capital sector, expressed the importance of using this strategy to sustain diversity growth within its fellowship cohort, where a group of fellows actively participate in the nomination and evaluation process for prospec...

Innovation has globalized. Over 100 cities have spawned a unicorn. And they are leading to real exits. Yet, Silicon Valley has not adapted to this new reality.

Nigeria’s digital currency is reportedly struggling. Yesterday, the International Monetary Fund (IMF) revealed that 98.5% of e-naira wallets have not been used even once, two years after their launch. More in #TCDaily.

Clara, the leading end-to-end spend management solution for companies in Latin America, today announced that it has closed $60M USD ​ in an equity financing round led by GGV Capital. In addition, GGV Managing Partner Hans Tung will join the company’s Board of Directors.

Clara is working with 10,000 companies and reports an annual run rate of 5 million credit card transactions, equivalent to $1 billion.

Mexican corporate credit card provider Clara said on Wednesday it has raised $60 million in an equity round led by GGV Capital, securing the investment as funds in the region begin to dry up. ... | April 26, 2023