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Element Ventures pulls in $130M to double-down on the fintech enterprise trend

5 years 2 months ago
With the rise of Open Banking, PSD2 Regulation, insurtech and the whole, general fintech boom, tech investors have realized there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management and infrastructure providers, you realize there is […]

Singapore-based Nektar.ai gets $6M to help B2B sales team collaborate more effectively

5 years 2 months ago
Organizing information about prospective deals is a challenging task for B2B sales teams, since salespeople usually rely on multiple tools (email, Zoom, WhatsApp, etc.) to talk with buyer committees. It becomes even more unwieldy when sales teams work remotely. Nektar.ai is a B2B sales productivity startup that wants to help sales teams by reducing the […]

Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise

5 years 2 months ago
Indian online learning platform Unacademy has raised $440 million in a new financing round as investors double down on the South Asian market and elsewhere following a widening series of regulatory crackdowns in China that wiped hundreds of billions of dollars last month. Temasek led the Bangalore-based startup’s new financing round — Series H — […]

Square to buy ‘buy now, pay later’ giant Afterpay in $29B deal

5 years 2 months ago
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The purchase price is based on the closing price of Square common stock on July 30, which was $247.26. The transaction is expected to close in […]

Unicorns are ready for a haircut

5 years 2 months ago
The digitization of your haircut may not have been on your 2020 bucket list, but 2021 has an even more surprising line item: Tech-powered barbershops are now a business proposition valued at nearly a billion dollars. Squire is a back-end barbershop management tool for independent businesses. I first covered it in the early months of […]

5 lessons from Duolingo’s bellwether edtech IPO of the year

5 years 2 months ago
Duolingo landed onto the public markets this week, rallying excitement and attention for the edtech sector and its founder cohort. The language learning business’ stock price soared when it began to trade, even after the unicorn raised its IPO price range, and priced above the raised interval. Duolingo’s IPO proves that public market investors can […]

China roundup: Keep down internet upstarts, cultivate hard tech

5 years 2 months ago
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The tech industry in China has had quite a turbulent week. The government is upending its $100 billion private education sector, wiping billions from the […]

This Week in Apps: Instagram restricts teens’ accounts, Elon Musk criticizes App Store fees, Google Play’s new policies

5 years 2 months ago
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. […]

TuSimple’s self-driving truck network takes shape with Ryder partnership

5 years 2 months ago
TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder’s fleet maintenance facilities will act as terminals for TuSimple’s freight network. TuSimple’s so-called AFN, or […]

Pittsburgh Google contractors ratify deal with HCL

5 years 2 months ago
Nearly two years ago, contractors for Google’s Pittsburgh operations voted to join the United Steelworkers union in a bid to secure more labor rights representation. It was an early example of a building union movement for tech workers across the spectrum. But as other hard-fought battles have been waged among blue and white collar workers […]

Argo AI can now offer the public rides in its autonomous vehicles in California

5 years 2 months ago
Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has landed a permit in California that will allow the company to give people free rides in its self-driving vehicles on the state’s public roads. The California Public Utilities Commission issued the so-called Drivered AV pilot permit earlier this month, according to the […]
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