VC

Digital Medical Tech Raises £1.2m funding

Digital Medical Tech (DMT), a solution provider for hospital management and asset tracking, recently raised $1.5 million in seed capital.  St. Louis, Mo.-based DMTI Capital Partners provided the funding which will be used to launch a nationwide engagement program for targeting healthcare providers and potential partnerships. Digital Medical Tech, which enables health systems to proactively […]

Indonesia most active venture capital firms

JAKARTA, Aug 21 (Reuters) – Jakarta-based venture capital firm East Ventures said on Wednesday it raised $75 million for its sixth fund, backed by prominent Asian businessmen, to invest in early-stage startups in Southeast Asia’s largest economy. The list of investors included Facebook co-founder Eduardo Saverin, family offices of Alibaba Group’s co-founder Eddie Wu, Chief […]

The FinTech bubble: Euphoria surrounds $1 billion Swiss ‘unicorn’ but there is no profit

The million dollar, or perhaps in this particular context, billion dollar question is, how can the new FinTech challengers become highly capitalized entities that are able to gain huge venture capital investment when there is no track record and no sign of profit? In the financial technology sector, today’s massively high profile new startups which […]