Tage Kene-Okafor / TechCrunch: Sources: Lagos-based Sabi, which provides a marketplace, inventory management tools, and more to Africa’s SMEs, raised a $38M Series B at a $300M valuation  —  Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy … Lees verder op Tech Meme

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) … Lees verder op Tech Meme

Cory Weinberg / The Information: Source: Instacart had ad revenue of about $740M in 2022, up 30% from 2021; nearly 30% of Instacart’s 2022 revenue came from selling ads  —  Instacart has become an advertising powerhouse.  —  The grocery-delivery firm’s ad revenue totaled about $740 million last year, up 30% from 2021, according to a person familiar with the matter. Lees verder op Tech Meme

The Guardian: The UK plans to invest up to £1B over the next decade in its semiconductor industry; the US had pledged $52B and the EU €43B for their respective chip sectors  —  While the US and EU announce bigger programmes, one British startup says the government’s investment figure is less than the cost of one basic plant Lees verder op Tech Meme

Financial Times: Sources: media agency GroupM tells clients it no longer considers Twitter “high risk”, a designation given in November, days after Linda Yaccarino’s appointment  —  WPP-owned GroupM removed designation of platform after appointment of Linda Yaccarino Lees verder op Tech Meme