Moteefe, the e-commerce platform for on-demand production of merchandise has raised $5 million in Series A funding. Leading the round is Gresham House, and Force Over Mass Capital. It brings total funding to date to $12.5 million, and will be used to expand into new geographies including Australia and LATAM. The U.K. company also plans
Month: February 2020
Huawei has filed two patent infringement lawsuits against Verizon Communications in U.S. District Court. The Chinese telecommunications equipment giant wants Verizon to compensate it for the use of technology it says are covered by 12 Huawei patents, including ones related to networking, security and video communications. Before the lawsuits were filed, Huawei claims it negotiated
Funko Pops. You’ve probably noticed them at your local GameStop, Hot Topic or spread out all over your co-worker’s desk. These lil’ vinyl figurines and their big ol’ heads have taken over retail shelves in the last few years. You can now find a Funko Pop! (or thirty) for just about every fandom; there are
In part two of a survey that asks top VCs about exciting opportunities in open source and dev tools, we dig into responses from 10 leading open-source-focused investors at firms that span early to growth stage across software-specific firms, corporate venture arms and prominent generalist firms. In the conclusion to our survey, we’ll hear from:
There is a major change ahead for LinkedIn, the social network for the working world, now with 675 million members. Jeff Weiner, who has been leading the company as CEO for the past 11 years, is stepping down on June 1, 2020. His new role will be executive chairman. Ryan Roslansky, who is currently head
In earnings reported this week, Alphabet announced that Google Cloud generated a robust $2.61 billion for the quarter, a number that includes revenue from both Google Cloud Platform and G Suite. That puts the division on a nice little run rate of $10.44 billion. It feels like a lot until you consider that Microsoft had a
Antler is a ‘company builder’ which emerged a couple of years ago, running startup generator programs and investing from an early-stage, bringing together a heady mix of technologists, product builders, and operators together with its own technology stack. Now, plenty of ‘company builders’ have come and gone. It’s a bit like Apocalypse Now: everyone goes
Snapchat’s developer platform is blowing up as a gateway to teen social app users. Hoop is the latest Snap Kit blockbuster, rocketing to #2 on the overall App Store charts this month with its Tinder -esque swiping interface for discovering people and asking to message with them over Snapchat. Within a week of going viral,
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Casper, the well-known D2C mattress company, has lowered its IPO price range in a new S-1/A filing made public this morning. The repricing leads to a lower expected valuation for the former startup and a
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Spotify is buying The Ringer to boost its sports podcast content Spotify is doubling down on its podcast strategy with a
Founders – it’s time to shoot for the stars. For the first time ever, TechCrunch is hosting a brand new event TC Sessions: Space on June 25th in Los Angeles. But that’s not all, because on June 24th TechCrunch will host a Pitch Night exclusively for early stage space startups. Yep, that’s right. On top
The growing ubiquity of open source software has been a big theme in the evolution of enterprise IT. But behind that facade of popularity lies another kind of truth: companies may be interested in using more open-source technology, but since there is a learning curve with taking on an source project, not all of them
Following Tier Mobility’s $60 million Series B late last year, the e-scooter rentals startup has been busy bolstering its C-suite. The Berlin-based company is announcing that Moritz Werner has joined as chief commercial officer (CCO), and Roger Hassan has joined as chief operational officer (CCO). Werner will be responsible for revenue related activities across all
Instamojo, a Bangalore-based startup that helps merchants and small businesses accept digital payments, establish presence and sell on the web, has acquired Times Internet-owned Gurgaon-based startup GetMeAShop. The deal is worth $5 million and includes Times Internet making an investment in Instamojo, Sampad Swain, co-founder and chief executive of the Bangalore-based startup, told TechCrunch in
Shareholders have repeatedly tried to oust Facebook’s chairman Mark Zuckerberg. The board has repeatedly rejected that demand. Outside investors are unlikely to get much help with that push from Facebook’s newest board member: Dropbox co-founder and CEO Drew Houston. The addition of Houston is the first since the departure of Dr. Susan Desmond-Hellmann from the
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Asana, a well-known workplace productivity company, announced yesterday it has filed privately to go public. The San Francisco-based company is well-funded, having raised more than $200 million; well-known, due in part to its tech-famous founding
Early stage European VC firm, Blossom Capital, is fresh from closing a $185M fund— a big jump up on its prior close. The firm makes just a handful of investments per year, mostly at the Series A stage, working very closely with founders in its portfolio — a strategy it refers to as “high conviction”
U.S. consumers aren’t adopting voice-based shopping as quickly as expected, according to a new report today from eMarketer. While consumers have been happy to bring smart speakers into their home, they continue to use them more often for simple commands — like playing music or getting information, for example — not for making purchases. However,
LG Electronics and ZTE said they have cancelled plans to participate in MWC later this month in Barcelona, Spain, because of coronavirus-related concerns. In a statement on its site, LG said it will skip MWC, the world’s largest mobile trade show, and launch this year’s releases at separate events “in the near future” instead. “With
Everyone wants to lend to small businesses, as the fintech boom continues to bring constituent players closer together in feature-terms. Thinking broadly, the rising focus on small-business lending amongst B2B fintech and finservices companies feels directionally similar to the rise of consumer-oriented fintech startups adding banking-like features last year. This week, several stories underscored the
Homie has made an impression among younger, first-time home buyers in the Utah and Arizona markets for cutting out the traditional closing costs, 6% real estate commissions and arduous paperwork associated with traditional home sales. It now plans to explore opening up in three new markets and will begin a Vegas launch in March with
Twitter today is announcing the official version of its “deepfake” and manipulated media policy, which largely involves labeling tweets and warning users of manipulated, deceptively altered or fabricated media — not, in most cases, removing them. Tweets containing manipulated or synthetic media will only be removed if they’re likely to cause harm, the company says.
Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+), Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow their burn rate and reduce
Dan Jones, the former General Partner at Global Founders Capital (the venture arm of Rocket Internet) and previously an investor with Fidelity, is thought to be nearing the first close of a new early-stage venture capital fund. Dubbed “Jigsaw,” the VC firm appears to be co-founded with Dan Smith, who previously ran Anthemis Exponential and
The cameras on our phones are getting good enough that it’s becoming hard to justify having a dedicated picture-taking device. Fujifilm’s X100 series has always made one of the strongest cases for it, however, and the latest iteration makes it more convincing than ever. I reviewed the original X100 back in 2011, and the series
Snapchat still isn’t profitable nearly two years after its IPO. In Q4 2019, Snap lost $241 million on 560.8 million in revenue that’s up 44% year-over-year and an EPS of $0.03. That comes from adding 8 million daily users to reach a total of 218, up 3.8% this quarter from 210 million and 17% year-over-year.
Couchbase, the popular NoSQL database, today announced the launch of Couchbase Cloud, a fully managed database-as-a-service (DBaaS) offering for enterprises. Once the service is generally available later this summer, users will be able to spin it up on AWS and Microsoft Azure, with support for Google Cloud coming a bit later this year. This, the
Infor announced today that Koch Industries has bought the company in a deal sources peg at close to $13 billion. Infor, which makes large-scale cloud ERP software, has been around since 2002 and counts Koch as both a customer and an investor, so the deal makes sense on that level. Koch was lead investor last
A UK government advisory body on AI and data ethics has recommended tighter controls on how platform giants can use ad targeting and content personalization. Concerns about the largely unregulated eyeball-grabbing targeting tactics of online platforms — be it via serving ‘personalized content’ or ‘microtargeted ads’ to individuals or groups of users — include the
Extra Crunch is excited to announce a new community perk from automated subscription billing startup Chargebee. Starting today, annual and two-year members of Extra Crunch can receive free subscription invoicing until $100,000 in revenue is reached. You must be new to Chargebee to claim this offer. Chargebee helps you succeed with subscription billing. Chargebee replaces