Black and Latinx startup founders have raised only 2.6% of all venture capital funding in the U.S. this year, according to a report by business information database Crunchbase. In total, these entrepreneurs collected $2.3 billion, up from about $1 billion in 2014 but down from a peak of $4 billion in 2018. Black and Latinx founders have historically struggled to raise capital in Silicon...
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Fast-Delivery Startups Getir and Flink Held Merger Talks
Turkey-based fast-delivery firm Getir had preliminary talks late last year about merging with Flink, the Germany-based startup, in a sign that consolidation in the fast-delivery sector may have another round to go. Merging with Flink would strengthen Getir in Germany, where it expanded through last year’s acquisition of Gorillas. Flink came away from the discussions uninterested in...
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