Browsing: exits

Three and a half years of freight recession did two things to the truck financing market at once. It shredded the credit profiles of the carriers who most needed to borrow. It also pushed a large share of the lenders who would have lent to them out of the sector. Both are now rationing the…

Washington, D.C.-based defense startup Covenant just emerged from stealth mode with the grand opening of a missile factory in Grand Prairie and $250 million in venture capital.

Sandhya Devanathan, Meta’s vice president for India and Southeast Asia, is leaving the company after more than a decade, marking the departure of one of the social media giant’s senior regional business leaders.

Bata India is moving a larger share of its marketing budget to digital, putting nearly half its video spends on connected television and using artificial intelligence to produce most of its recent advertising, as the footwear major overhauls its marketing playbook for younger consumers.

Exits MENA has signed an agreement with the existing local management of Avanz Capital Egypt (ACE) to acquire the Egyptian private equity and asset management firm, strengthening its push to build a broader investment platform across Egypt and the Middle East and North Africa.

The Saudi VC firm has partially exited Egyptian logistics startup Bosta, generating a net multiple of nearly 3x on its investment.

New York City-based behavioral health technology company Ease Health has just emerged from stealth with $41 million in fresh capital from its Series A round.

In a seismic shift for the AI industry, Jeff Dean, the legendary architect behind Google’s core AI infrastructure, is leaving the company to launch Discovery Loop, a new startup targeting AI-powered breakthroughs across drug discovery and chip design. The departure of one of tech’s most influential engineers – who built the systems underpinning Google Search,…