Web Summit CEO Resigns After Comments on Israel-Hamas Conflict

(Reuters) -Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after comments he made on the Israel-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. “Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups…

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Venture Capital Firm NXTP to Target Brazil, Mexico Tech Startups With $98 Million Fund

MEXICO CITY (Reuters) – Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despite current macroeconomic headwinds, there is an “enormous” opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo. “We’re seeing really low software…

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