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☆ Spain's startup scene has gone from a desert crossing to a $4 billion burgeoning industry. Now, it plans to cut red tape to birth a new batch of unicorns.
▼ + stars: | 2022-10-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spanish startups lured a record $4.1 billion from investors in 2021, according to PitchBook. The government hopes its new Startup Law will help birth an array of new unicorns. In 2016, Lucas Carné sold his fashion marketplace startup Privalia for around 500 million euros (around $495 million) in a landmark deal for the Spanish tech ecosystem. Privalia's sale to its enlarged French counterpart Ventee-Privee – since rebranded as VeePee – illustrated just how far the Spanish startup scene had changed in the space of 10 years. Spanish startups secured a record $4.1 billion in 2021 – more than double that of 2020 –, according to PitchBook data.

☆ Why impact investing needs to be 'decolonized' to help the people most affected by climate change and inequity
▼ + stars: | 2022-06-30 | by ( Durreen Shahnaz | ) www.businessinsider.com time to read: +7 min

Kazi Awal/InsiderImpact investing doesn't always help the people impacted most by inequity and climate change, according to Durreen Shahnaz, founder and CEO of Impact Investment Exchange. As the founder and CEO of Impact Investment Exchange, I've seen how much actual impact impact investing can have — and how it can reinforce old, problematic norms. McGlashen's involvement in both the scandal and the world of impact investing is not merely a coincidence. This means that impact investing in Asia, Africa, and Latin America is coming from the Global North and with it, the power of how impact investing should go. While companies like IIX are all about the Global South investing in each other, we are the minority.

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