If you’ve ever left a job, chances are you left your 401(k) plan along with it. And, if you’re like many Americans and change jobs every few years or so, you could have multiple 401(k) plans spread out at various companies, doing their own thing. Many of us don’t deal with the hassle of trying […]
Shauntel Garvey and Jennifer Carolan liked edtech before the sector was cool, so the duo co-founded Reach Capital in 2015 with a $53 million debut fund. The San Francisco-based venture firm has since put checks into education startups including Newsela, Sketchy, ClassDojo and Outschool, landing six exits so far. Now, after seeing its portfolio accelerate […]
SuperAnnotate, a NoCode computer vision platform, is partnering with OpenCV, a nonprofit organization that has built a large collection of open-source computer vision algorithms. The move means startups and entrepreneurs will be able to build their own AI models and allow cameras to detect objects using machine learning. SuperAnnotate has so far raised $3 million […]
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to […]
Cryptocurrency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour, which lets investors easily buy digital assets through their bank or broker. The move is significant with the news that Tesla has bought $1.5 billion worth of bitcoin, thus massively boosting the mainstream markets for crypto assets. Biggs explored the potential for […]
Monzo, the U.K. challenger bank with just shy of 5 million customers, has recruited a new U.S. CEO to head up its efforts states-side, TechCrunch has learned. Carol Nelson, who previously spent 10 years as CEO of Cascade Bank and prior to that was a longtime senior vice president of Bank of America, will start […]
Spacelift, a startup that automates the management of cloud infrastructure, has raised $6 million in a Series A funding round led by London’s Blossom Capital. Polish fund Inovo Venture Partners and Hoxton Ventures are also investing. The Polish and US-based startup is taking advantage of the opportunity presented by the increasingly complex cloud world, with […]
Since M-Pesa’s mobile money infrastructure came into play in 2007, there has been a proliferation of fintech services ranging from wallets to savings and loans. With this mobile money ecosystem growing in double-digits year-on-year, a lot of data is being created in the process. But this has left some fragmentation, where one person’s information is […]
India may soon have another fintech unicorn. BharatPe said on Thursday it has raised $108 million in a financing round that valued the New Delhi-based financial services startup at $900 million, up from $425 million last year. Coatue Management led the three-year-old startup’s Series D round. Other six existing institutional investors — Ribbit Capital, Insight Partners, […]
Northmill Bank, the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. The injection of cash will be used for continued geographical expansion and to […]
This afternoon Bumble priced its IPO at $43 per share, ahead of its raised IPO range of $37 to $39 per share. Bumble filed to go public in mid-January, and offered up its first price range on February 2. That range, $28 to $30 per share, wound up coming up short. Bumble raised its price […]
Facebook tries to get less political, Oracle’s TikTok acquisition may not be happening and Twitter says Donald Trump is banned forever. This is your Daily Crunch for February 10, 2021. The big story: Facebook tests a News Feed with less politics Facebook announced today that it’s testing changes to the News Feed that would downrank […]
Scalarr, a startup that says it uses machine learning to combat ad fraud, is announcing that it has raised $7.5 million in Series A funding. The company was founded by CEO Inna Ushakova and CPO Yuriy Yashunin, who previously led the mobile marketing agency Zenna. Ushakova told me that while at Zenna, they realized that […]
Today, there are a number of website builders aimed at creators who want to point fans to a dedicated landing page from their social media profile. If you’ve spent any time on TikTok or Instagram, you’ve likely come across one of these simplified “link in bio”-style websites — like those hosted by Linktree, for example. […]
The beauty of podcasting is that anyone can do it. It’s a rare medium that’s nearly as easy to make as it is to consume. And as such, no two people do it exactly the same way. There are a wealth of hardware and software solutions open to potential podcasters, so setups run the gamut […]
Deep tech companies have the capability to create new markets with little competition and can replace existing technologies while fundamentally transforming an industry.
Toyota Motor North America said Wednesday it will bring three new electrified vehicles to the U.S. market, as the automaker seeks to win over customers by offering a variety of lower emission and zero-emission cars and SUVs. Two of the new vehicles will be all electric and one will be a plug-in hybrid, the company […]
Since the start of the year, I’ve covered nine M&A deals already, the largest being Citrix buying Wrike for $2.25 billion. But not every deal involves a huge price tag. Today we are going to look at three smaller deals that show there is plenty of activity at the lower-end of the acquisition spectrum. As […]
If you’re wondering why Zynga issued $875 million in convertible notes at the end of 2020, CEO Frank Gibeau said the company was fundraising to build up a “war chest” for more acquisitions. “As you know, we’ve been a consolidator inside of this business for a while, and we’re going to continue to be on […]
