Monthly Archives: October 2022

V3 Ventures launches to put €100M into startups in health, beauty and food

Verlinvest, a family-backed, “evergreen”, growth fund investor, that has previously funded a few well-known consumer brands like Oatly, Vita Coco, Tony’s Chocolonely, Who Gives A Crap, Pedego, Chewy.com, Hint & others, is getting into the venture game. After putting around €50m into VC initiatives globally, it’s now embarking on being the kick-starter LP in a…

Kenzz, an Egyptian e-commerce platform for the mass market, grabs $3.5M seed funding

Kenzz, an e-commerce platform bringing shopping to the mass market in Egypt and MENA, is announcing that it has raised $3.5 million in seed funding. U.S.-based and MENA-focused venture capital firm Outliers Ventures led the round. Some of the participating investors include HOF Capital, Foundation Ventures, and Samurai Incubate. The company, founded this February by…

Fat flightless parrot left out of New Zealand’s Bird of the Year vote because it’s too popular

Voting for New Zealand’s Bird of the Year opened this week, as conservation organisation Forest & Bird kicked off its annual quest to find Aotearoa‘s favourite avian. However, this year there is a notable absence on the ballot. The country’s beloved kākāpō has been barred from this year’s competition, allegedly due to concerns the two-time…

A 25-year-old built a ‘tiny hotel’ in Texas that’s generated $500,000 in bookings this year. Check out the $3.1 million property.

At left, Isaac French. At right, Lakeside South, one of the seven tiny-house cabins. Right: Corey O’Connell Isaac French grew up working in his dad’s construction business and always loved design. He moved to Waco, Texas, in 2020 and wanted to take advantage of the hot real-estate market there. French bought a small plot of…

Tech giant Tencent was China’s most valuable company for 6 years. In September, it finally lost the title — to a liquor company.

China’s Tencent saw its market value fall below that of liquor maker Kweichow Moutai’s in late September. Budrul Chukrut/SOPA Images/LightRocket via Getty Images Chinese tech giant Tencent’s value has dropped to the worth of a local Chinese liquor giant. Kweichow Moutai overtook what was once China’s most valued company in September. It’s a further sign…