Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Our beloved Danny was back, joining Natasha and Alex and Grace and Chris to chat through yet another incredibly busy week. As a window into our process, every week we tell one another that the next week we’ll cut the show down to
Month: August 2021
Manish Maheshwari, the head of Twitter India, has taken a new role at the company and is relocating to the U.S., the latest in a series of developments for the American social giant after a tense stand off with New Delhi this year. Maheshwari is moving on from the high-profile position, a role he assumed
Houston-based ThirdAI, a company building tools to speed up deep learning technology without the need for specialized hardware like graphics processing units, brought in $6 million in seed funding. Neotribe Ventures, Cervin Ventures and Firebolt Ventures co-led the investment, which will be used to hire additional employees and invest in computing resources, Anshumali Shrivastava, Third
Automation will displace 85 million jobs while simultaneously creating 97 million new jobs by 2025, according to the World Economic Forum. Although that sounds like good news, the hard reality is that millions of people will have to retrain in the jobs of the future. A number of startups are addressing these problems of employee
Food delivery apps offer convenience for customers, but a host of headaches for restaurants, like commissions as high as 40% and very few tools to build customer loyalty. Based in Singapore, Tablevibe wants to help restaurants reduce their reliance on third-party delivery apps and help them get more direct orders and returning customers. The startup
Just five months after raising a $100 million Series A, TaxBit announced today it has raised $130 million in a Series B round of funding. The latest financing officially makes the Salt Lake City, Utah-based provider of crypto tax and accounting software a unicorn, with a valuation of $1.33 billion. It also brings the startup’s
Earlier this year, Reddit raised $250 million, bringing the 16-year-old site up to around $800 million in total funding. Today, it announced plans for an even more massive windfall, with a Series F led by Fidelity. The company confirmed with TechCrunch that it has raised $410 million thus far, with plans to raise up to
Talkdesk, a provider of cloud-based contact center software, announced $230 million in new Series D funding that more than triples the company’s valuation to $10 billion, Talkdesk founder CEO Tiago Paiva confirmed to TechCrunch. New investors Whale Rock Capital Management, TI Platform Management and Alpha Square Group came on board for this round and were
With two giants calling the shots and collecting whatever tolls they see fit, mobile software makers have long complained that app stores take an unfair cut of the cash that should be flowing directly to developers. Hearing those concerns, a group of senators introduced a new bill this week that, if passed, would greatly diminish
Jeff Ton Contributor Jeff Ton is the founder of Ton Enterprises and strategic IT adviser to InterVision, a leading strategic service provider and premier consulting partner in the Amazon Web Services (AWS) Partner Network (APN). Operating in the cloud is soon going to be a reality for many businesses whether they like it or not.
Scott Lenet Contributor More posts by this contributor Is there a creed in venture capital? “Darth Ventures” and the efficacy of Sith management techniques I’m frequently asked by journalists whether I think venture capital valuations are too high in the current environment. Because the average venture capital fund returns only 1.3x committed capital over the
Several users from Zambia have taken to Twitter informing the general public that WhatsApp has been restricted in the country amidst ongoing general elections today. The president and parliamentary elections culminate in a face-off between current President Edgar Lungu and opposition Hakainde Hichilema. Internet monitoring organization Netblocks further corroborated these reports, adding that multiple internet
Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the numbers are continuing to improve under the current leadership, Box took the
Medal.tv, a short-form video clipping service and social network for gamers, is entering the live streaming market with the acquisition of Rawa.tv, a Twitch rival based in Dubai, which had raised around $1 million to date. The seven-figure, all cash deal will see two of Rawa’s founders, Raya Dadah and Phil Jammal, now joining Medal
We lied when we said that The Exchange was done covering 2021 venture capital performance. Yesterday, we dug into preliminary Q3 data for the Chinese startup market. This morning, we’re looking back at just what startups in New York City managed in the first half of the year. Some startups, at least. We paged through
If you’ve ever sold a house, you know what a pain it is to go through the process of listing, showing and negotiating the sale of your home. It’s so much of a pain that many people put it off as long as possible because they don’t want to deal with it. The result is
TikTok today becomes the latest tech company to roll out increased protections for minors on its platform in the wake of increased regulatory scrutiny. The company says it will introduce a series of product changes for teen users aged 13 to 17, aimed at making their TikTok experience more private, safer and less addictive. TikTok’s
Mobile field service startup Youreka Labs Inc. raised an $8 million Series A round of funding co-led by Boulder Ventures and Grotech Ventures, with participation from Salesforce Ventures. The Maryland-based company also officially announced its CEO — Bill Karpovich joined to lead the company after previously holding executive roles with General Motors and IBM Cloud
With the pandemic digitizing every aspect of our lives, the Creator Economy has taken off like never before, with some estimates saying it’s now a $100Bn+ market. And yet, managing your professional life as a model, actor, writer or designer remains a mish-mash of emails, manual booking processes, and dreaded PDFs. Creatives face late payments,
Aforza, developing cloud and mobile apps for consumer goods companies, announced a $22 million Series A round led by DN Capital. The London-based company’s technology is built on the Salesforce and Google Cloud platforms so that consumer goods companies can digitally transform product distribution and customer engagement to combat issues like unprofitable promotions and declining
Orbital manufacturing startup Varda Space Industries is moving fast. Only a few weeks after announcing a $42 million Series A, Varda has signed a deal with launch company Rocket Lab for three Photon spacecraft to support the startup’s initial missions. The first spacecraft will be delivered in the first quarter of 2023, with the second
AppWorks, the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. AppWorks Fund III’s limited partners include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai Group, Wistron, Cathay Pacific, Phison Electronics and Taiwan’s National Development Fund. Many of these
Twitter has locked the account of Indian National Congress, the South Asian nation’s largest opposition party, for violating its rules days after the American social network temporarily suspended profiles of several of the party’s senior leaders. The Indian National Congress wrote about the Twitter episode on Facebook Thursday. “When our leaders were put in jails,
Will Clem knows all too well about restaurant workers not showing up for a shift. At least one person would have car trouble or need to stay home with sick children, and it became a common occurrence on the weekends for the co-founder of Memphis Meats and owner of Baby Jacks BBQ in Memphis. Needing
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Which immigration options allow
Sydney, Australia-based Fable Food is the latest plant-based food startup to announce funding. The company, which uses mushrooms in its meat alternatives, has raised $6.5 million AUD (about $4.8 million USD) in a seed round led by Blackbird Ventures, the Australian venture capital firm whose portfolio also includes Canva, Culture Amp and SafetyCulture. Other participants
Twitter today is introducing a revamped version of its website, which the company says will make the site more accessible, less cluttered and easier to use. Among the changes, the site is implementing Twitter’s new font, “Chirp,” and it’s changing various elements to become more high-contrast, among other things. Soon, it will roll out new
Cart.com, a Houston-based company providing end-to-end e-commerce services, brought in its third funding round this year, this time a $98 million Series B round to bring its total funding to $143 million. Oak HC/FT led the new round of funding and was joined by PayPal Ventures, Clearco, G9 Ventures, Mercury Fund, Valedor Partners and Arsenal
Small and medium-sized construction businesses in Europe and the US tend not to be run on digital platforms, leaving a $1.6 trillion industry relatively untouched. publicly-listed Procore (NYSE: PCOR) is the go-to platform for large general contractors, but newer startups are going for this SMB construction market such as Sitemax, Sitemate, Fieldlens and Fieldwire. Now,
Google has now taken another step toward the public release of the latest version of the Android operating system, Android 12. The company today released the fourth beta of Android 12, whose most notable new feature is that it has achieved the Platform Stability milestone — meaning the changes impacting Android app developers are now
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