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Hey, readers! We’ve returned with a fresh batch of tech news stories. Put on your headphones and jam out while you stay updated on what’s going on in the world. Don’t forget: A standing desk is really just a dancing desk! (We might have had one too many coffees today.) – Christine & Haje
The TechGround Top 3
- Get your woof on: With pet ownership up since the pandemic, veterinarians are being stretched to their limits. Here comes Romania-based Digitail, a company that automates the administrative work for veterinarians so they can focus on our four-legged friends. Mike reports that the company closed on $11 million in new funding to scale its operations in the U.S. and Canada.
- Your move: Amanda writes that proposed changes to Dungeons & Dragons’ Open Gaming License threatens an entire cohort of D&D content creators, and they are fighting to protect their livelihoods.
- SBF starts a Substack: In an effort to explain his side of the FTX debacle, Sam Bankman-Fried took to Substack to say, “I didn’t steal funds, and I certainly didn’t stash billions away.” Mary Ann has more.
Startups and VC
China’s outlook for venture capital is suddenly improving as the country moves away from its stringent COVID-19 policies, which have caused immense disruption and kept borders closed for three years. The pandemic has been a rollercoaster for VCs; Tony Wu, partner at $4.5 billion AUM Northern Light Venture Capital, sees 2022 as “the toughest” of his 15 years investing in Chinese startups.
Check out these headlines for your latest news update:
Why Africa had no unicorns last year despite record fundraising haul
Photo courtesy of Getty Images.
Unicorns are becoming scarce in Africa’s startup ecosystem, according to Tage Kene-Okafor.
Funding in the region saw a slight increase in 2022, yet no unicorns appeared that year—contrasting with five spotted in 2021.
What was the unusual occurrence in Africa in 2022?
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Big Tech Inc.
Natasha L. warns ad-funded programs to beware: Meta’s ads have been found unlawful in the EU. She points out that “just because Facebook has long profited from Europeans’ data through illegal ads doesn’t mean other ad-funded platforms can expect leniency from regulators – enforcement is finally here.”
Here are five more for you:
