Browsing: backs

The European Bank for Reconstruction and Development (EBRD) is investing US$ 8 million (€ 6.8 million) in Ventures Platform Pan-African Fund II, marking the Bank’s first commitment to a pan-African venture capital fund assessing opportunities in sub-Saharan Africa.

BMW is putting more money behind artificial intelligence, but this time the investment has little to do with autonomous driving, in-car assistants, or manufacturing. BMW i Ventures has invested in CodeRabbit, an AI-powered software review company that just raised $143 million in Series C funding. It’s a particularly relevant investment as companies — including automakers…