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$2m Backblaze partial exit and 120% revaluation. Next generation tech investment accelerating
TMT continues to extend its record of highly profitable cash exits. In a portfolio update released today, TMT announced an agreement with a third party to dispose of approximately 9% of its interest in Backblaze for $2m.
22 Aug 19
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Investors hungry for Food Tech
The spotlight on food technology has perhaps grown more as a result of changing consumer trends, and environmental necessity than from investor appetite for something new. According to Robbins Research, livestock account for 18% of greenhouse gas (GHG) emissions, which is higher than the portion of GHG emissions created by transportation. Livestock also produce 35% of the world’s methane, which has more than 20 times the Global Warming Potential of carbon dioxide, and generate 65% of the world’s nitrous oxide, which has 23 times the GWP of carbon dioxide. The irrigation of feed crops also accounts for nearly 8% of the world’s human water use. Hence the need for plant-based alternatives to traditional protein sources, which are produced far more sustainably than traditional meats.
16 Aug 19
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