Browsing: million

U.S. Senators Shelley Moore Capito and Jim Justice were on hand for the check presentation Wednesday. (Photo/Jack Carlson)

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced a $25 million equity investment in Jumia Technologies AG to support the expansion of digital commerce infrastructure across Africa.

Lovable has raised $400 million in Series C funding at a $13.3 billion valuation as the AI software creation company looks to expand its platform for building and operating businesses. Menlo Ventures led the round, with the Scaleup Europe Fund, managed by EQT, co-leading.

Beyang Therapeutics has raised nearly $30 million in an oversubscribed Series A financing round to advance its AI-powered drug discovery platform and clinical pipeline.

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…

African e-commerce company Jumia has secured $50 million in fresh equity from investors led by the World Bank’s International Finance Corporation, giving the loss-making retailer additional financial firepower as it pushes towards its first profitable year.