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The B2B food distribution company financed $6.25 million of the funding in debt and $23.75 million in equity, classified as a Series B round. IFC, TLcom Capital and Creadev joined Goldman on the VC side.Twiga will use the funds to set up a distribution center in Nairobi and deepen its conversion to offering supply chain services for both agricultural and FMCG products.The Nairobi-based company will invest in expanding into more cities in Kenya, including Mombasa. Twiga is also targeting Pan-African expansion by third quarter 2020. We ;re working on French West Africa& 8230;we see significant opportunity in those markets, Twiga CEO Peter Njonjo told TechCrunch. The company will name the new country or countries in the following year, he added.Goldman Sachs confi [url=https://www.adidassamba.us]samba adv[/url] rmed to TechCrunch its lead on Twiga Serie [url=https://www.adidassamba.us]adidas samba womens[/url] s B f [url=https://www.salomonschuhe.com.de]salomon xt[/url] unding. The U.S.-based finance firm has backed several African startups, including e-commerce venture Jumia and South African fintech startup Jumo.Twiga&

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The ideas, all aimed at shoring up its cash position and extending its runway in tough market conditions, were laid out in an internal memo first reported by Bloomberg and also viewed by TechCrunch. The internal memo, which was intended for the board ahead of its August 3 meeting, was mistakenly sent to all Aurora employees, which today num [url=https://www.nikeairjordan.es]nike jordan[/url] bers around 1,600 people.Following the Bloomberg report, Aurora shares jumped as much as 27%. Shares closed up 15.17% to $2.43.Aurora has a cash runway that will allow it to continue operations through mid-2024, according to its second-quarter letter to sharehold [url=https://www.adidasoriginal.it]adidas originals donna[/url] ers and noted in the memo. However, Aurora is still a pre-revenue company. And the memo written by co-founder and CEO Chris Urmson acknowledged a two-fo [url=https://www.nikeairjordan.es]jordan4[/url] ld problem: a challenging financial market that makes it difficult to raise additional capital and shifting timelines by its OEM partners that delays revenue.Aurora, which has prioritized commercializing self-driving trucks, has Atmi PayPal Co-Founders Peter Thiel and Max Levchin on the Death of Innovation
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