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African logistics startup Lori Systems raises Series A led by Chinese investors

10 days ago   |   By Tech Crunch

African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital.
Other participating investors included Nigeria and U.S. based EchoVC , Flexport CEO Ryan Petersen , and Nigerian founder Iyinoluwa Aboyeji .
Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the round amount at $30 million earlier Friday, but Lori Systems' CEO Josh Sandler would not confirm that. That figure was “something lost in translation” and “a mischaracterization of the raise,” he told TecCrunch...
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Mortgage closing platform Snapdocs raises $25M round

Mortgage closing platform Snapdocs raises $25M round

10 days ago   |   By Inman

The Series B funding round was led by F-Prime Capital with participation from Sequoia Capital, Freestyle Capital and Founders Fund.
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Earth is headed for its second warmest year in recorded history

Earth is headed for its second warmest year in recorded history

Data from the U.S. government sure seems to indicate that the Earth is warming (despite what the current leadership may say). Apparently, the globe just experienced the... Read more ...

The New York state attorney general is investigating WeWork amid layoffs

The New York state attorney general is investigating WeWork amid layoffs

Reuters reported that the New York State Attorney General is investigating WeWork in the latest crisis facing the embattled workspace giant. The company confirmed that it had... Read more ...

Boeing shareholders are suing the board, alleging 'careless' handling of the...

Boeing shareholders are suing the board, alleging 'careless' handling of the 737 Max development and the crisis that followed

Boeing's board members were careless in their oversight of the Boeing 737 Max , leading to a "loss of credibility in the marketplace, a damaged reputation and billions in... Read more ...

The coming fight over who controls digital health data

The coming fight over who controls digital health data

Spending for consumer digital healthcare companies is set to explode in the next few years; the Office of the National Coordinator for Health Information Technology is... Read more ...

'Not on Netflix' and proud of it, Tubi boasts in ads

'Not on Netflix' and proud of it, Tubi boasts in ads

Netflix. Disney+. HBO Max. Apple TV+. For anyone getting tired of all the mounting number of streaming sites charging a monthly fee for shows and movies, a lesser-known service... Read more ...

DOJ to throw out decades-old film business regulations. But what impact will...

DOJ to throw out decades-old film business regulations. But what impact will it have?

The so-called Paramount decrees - the regulations that have governed Hollywood since the heyday of Marilyn Monroe - are taking their final bow. The U.S. Justice Department is... Read more ...

A professor specializing in drug crime used his knowledge to launder $2.5...

A professor specializing in drug crime used his knowledge to launder $2.5 million of dirty Venezuelan money, federal prosecutors claim

Professor Bruce Bagley wrote a textbook on drug trafficking and organized crime. Now federal prosecutors claim he used his knowledge to launder $2.5 million of dirty Venezuelan... Read more ...

7 Data Cleansing Activities Companies Should Perform

7 Data Cleansing Activities Companies Should Perform

Bad data can cost your business dearly. Keeping your data clean is critical . Only 29% of companies believe that their current customer or prospect data is inaccurate in some... Read more ...

T-Mobile CEO John Legere is stepping down in May 2020 amid rumors he's been...

T-Mobile CEO John Legere is stepping down in May 2020 amid rumors he's been talking to WeWork about running the company

T-Mobile CEO John Legere is stepping down in May 2020, the mobile service provider announced on Monday morning. Legere will hand over the reins to COO and president Mike... Read more ...

Lyft soars after agreeing to partnership with Gett, the owner of shuttered...

Lyft soars after agreeing to partnership with Gett, the owner of shuttered rideshare rival Juno

Gett, the ride-hailing company, announced Monday that it would partner with Lyft to expand its network for corporate clients in the US. Shares of Lyft gained as much as 5.32%... Read more ...