“There comes a point where we need to stop just pulling people out of the river. We need to go upstream and find out why they’re falling in.” • Desmond Tutu Presto News We are proud to announce new investments in Genster ( forbes.cz ) and Sens ( forbes.cz ) Genster is an online personal styling service for men, with personalised shopping experience and clothes delivery. Sens produces healthy and sustainable food products using cricket flour from their own farm, which is the biggest cricket farm in the world. Congratulations to Genster founders Michaela and Ryan and Sens founders Daniel and Radek, we look forward to cooperating on these investments with you as well as angel investor Vojta Roček, Reflex Capital and UP21. Deals Berlin-based scoutbee raises €54.1 million to expand its AI-driven supplier discovery suite ( eu-startups.com ) Aims to help the right purchasers and the right suppliers connect, anywhere in the world, by delivering procurement teams a sm

“When you think back on your life and you look back over the course of your lifetime, you're not gonna think,"I wish I spent more time on the internet. I wish I spent more time at work or sleeping," It's gonna be,"I wish I spent more time with the people I love." • Vishal Khandelwal Deals Visa buys fintech Plaid for $5.3 billion ( Visapresentation on the rationale ) + What Visa can build with Plaid ( statechery.com ) Plaid is a financial data network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. This is basically same thing for apps that Visa does for cards. Currently solves problems of old systems in banks in a non-perfect way. Valuation of 35-50x revenue. In addition Plaid has 3% market share in current $3.1 billion market, whose total size is currently less than purchase price. Quibi raises $400 million to make more bite-sized shows ( latimes.com ) + Bob L

“When you think back on your life and you look back over the course of your lifetime, you're not gonna think,"I wish I spent more time on the internet. I wish I spent more time at work or sleeping," It's gonna be,"I wish I spent more time with the people I love." • Gary Lewandowski Presto News Vilnius-based GoRamp lands €120K to grow its real-time logistics platform from StartupWiseGuys, Presto Ventures and an angel investor ( startups-eu.com ) We are happy to announce our investment in GoRamp, startup offering a real-time logistics platform for manufacturing and retailing companies that connects all supply chain members. The startup calculates the added value of its product by three key indicators 70-4-20: up to 70% automated human manual tasks, up to 4 times faster information exchange across the logistics chain and up to 20% reduced logistics costs. Explanation: Our smallest investment so far that might start a new strategy of investing sma