Page 32 - Square Peg News Today

Some start-ups have been forced to cut as much as half of their staff as rising interest rates and a worsening outlook make it harder to raise cash.

The tech market has taken a bath globally, but Aussie VC investors have largely kept up the funding in the first half, but they say quieter times are coming.

Stage and screen actor best known for playing Timothy Farthing, the vicar in Dad’s Army

Desty, an Indonesia-based startup building a full stack e-commerce solution for merchants, announced Thursday it has raised a new round of funding led by Square Peg. This is in addition to funds raised from a Pan Asia investor base last year, including East Ventures, Jungle Ventures and 5Y Capital and other prominent angel investors in the region.

Desty plans to leverage its new funding for product optimization, team expansion and user acquisition.

Bernard Arnault, Chairman and Chief Executive Officer of Louis Vuitton Moet Hennessy (LVMH), once the world’s richest man and still among the wealthiest for leading the worlds largest luxury products group, visited Manila before the pandemic and saw its potential as one of the world’s upcoming fashion capitals.

Innovation arm says it is time to prove itself at scale.

Confidential investment decks from Australia’s three leading venture funds show their dependence on Canva, which has question marks hanging over its $40 billion valuation.

Confidential investment decks from Australia’s three leading venture funds show their dependence on Canva, which has question marks hanging over its $40 billion valuation.

Crossover funds that invest in both public and private markets are cutting their valuations of Canva as the tech stock smashing infects venture capital.