ENTREPRENEURSHIP – Successful start-up in Morocco may seem impossible, but by launching “Ways to Cap” , Niama El Bassunie has proven that with perseverance (and some failures), the dream of every entrepreneur is not out of achievement.
Jack Altman and Eric Koslow were working on software to track team goals a year ago when the cofounders of startup Lattice realized they were missing out. Corporate America had fallen out of love with performance reviews, but it didn’t like the alternatives, either.
“Employees hated performance reviews, so [companies] said let’s throw them away,” says Altman, Lattice’s CEO. “And they switched to continuous feedback, and it turned out a lot of employees didn’t like that, too.”
Self-driving trucking startup Embark has raised $15 million in Series A financing, the company announced on Tuesday. Embark first broke cover back in February, when it revealed trucks equipped with its neural net-based deep learning approach to autonomous trucking. The startup’s also revealing a team-up with heavy equipment manufacturer Peterbilt today, which will help it roll out its new group of test trucks.
Open Listings, the YC-backed startup that lets buyers purchase homes and get a 50% refund on whatever fee their real estate agent would normally make, has raised $6.5M in Series A funding led by Matrix Partners. Initialized Capital and Arena ventures also participated as new investors.
As a platform that addresses the business-to- business buying and selling of merchandise across Africa, Morocco-born WaystoCap is aiming to solve the fragmented situation in a market that is still in the process of going digital. Besides being an online marketplace for products, founder and CEO Niama El Bassunie asserts that WaystoCap is also an “ecosystem offering services such as insurance to suppliers, financing to buyers and logistics management to remove inefficiencies.”