“Unveiling Silence: A Cutting-Edge Climate Tech VC Fund With $35 Million”

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Silence wants to shake things up when it comes to climate tech investment. This new angel-style VC firm has already raised $35 million and plans to make dozens of small investments in climate startups to help them apply the tech startup playbook. He also founded Merlin, an hourly jobs marketplace in the U.S.With Silence, Borja wants to apply his experience to climate investment. A silent partnerSince the first close of the fund in June 2022, Silence has already invested in 22 different companies. So we told them ‘we’ll be your lead,’” Borja said.

“Fidelity Reduces Meesho’s Valuation to $3.5 Billion, Citing Meta’s Backing”

Meesho India
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $3.5 billion, adjusted for outstanding shares. Fidelity had marked down the valuation of Meesho to $4.1 billion at the end of October. That sale valued Meesho at $3.5 billion, a factor that may have contributed to Fidelity’s assessment. In a statement to TechCrunch, a Meesho spokesperson said: “Funds attribute value to their portfolio investments, considering various factors such as the valuation of comparable companies. Based on Fidelity filings, the number of shares held and the current number of total outstanding fully diluted shares, the valuation is assessed at $3.5 billion.

Amazon Hit with $35 Million Fine from French Watchdog for Warehouse Employee Monitoring Tactics

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France’s data privacy watchdog, the CNIL, has fined Amazon’s logistics subsidiary in France €32 million, or $35 million at today’s exchange rate. Again, it’s worth pointing out that the CNIL is listing some data processing wrongdoings. This isn’t a labor case, it’s a data processing case about illegitimate and excessive monitoring of the warehouse workers. “As implemented, the processing is considered to be excessively intrusive.”According to the French regulator, Amazon uses this performance data to assess the overall performance of its warehouse workers on a weekly basis. The company’s first argument is that Amazon isn’t the only company in the logistics industry using a connected warehouse management system.