Month: October 2021

Terran Orbital, a leading manufacturer of small satellites, is going public in a merger with special purpose acquisition company (SPAC) Tailwind Two Acquisition Corp. The deal has a post-transaction enterprise value of $1.58 billion and will furnish the company with around $470 million. Of those funds, $345 million will come from Tailwind Two’s contribution, plus
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Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the company, which has now raised $28 million since its October 2018 inception. Endeavor, Tinder co-founder Justin Mateen, partners of DST Global, ONEVC, Global Founders Capital
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“The first thing you notice is just the smell,” chief science officer of Bowery Farming Henry Sztul says excitedly. “It’s got that smell, right?” There’s a kind of visceral sense memory that hits you as you enter Farm Zero, a Proustian moment that overtakes the senses after years of living in a major city. It
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Facebook (aka “Meta”) CEO Mark Zuckerberg today took several thinly veiled shots at Apple and the overall app ecosystem when detailing his plans for the metaverse during today’s keynote speech at the company’s Facebook Connect 2021 event. Specifically, he called out app platforms and their associated fees for “stifling innovation,” while simultaneously justifying Facebook’s plans
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As companies gather ever-growing sets of data, finding issues with that data that could impact the viability of a machine learning model becomes increasingly important. Anomalo is putting machine learning to work to help solve the data viability issue automatically. Today the company announced a $33 million Series A investment led by Norwest Venture Partners
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Wavemaker Impact’s founders: (from left to right) Quentin Vaquette, Doug Parker, Marie Cheong, Paul Santos, and Steve Melhuish Wavemaker Partners doesn’t just want to invest in climate tech and sustainability startups. It also wants to help build them. Today, the Singapore-based firm announced the launch of Wavemaker Impact, a venture builder that identifies potential business
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TikTok announced today it’s expanding its Video Kit offering for developers to include those building apps for the web, desktop, and consoles, in addition to its previous support for mobile platforms. Alongside the news, the company unveiled a host of new third-party apps that would now integrate with TikTok, including Clipchamp, Combo, Grabyo, Kapwing, Mobcrush,
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Food is the very nourishment of life, but it’s also becoming increasingly challenging to grow at scale. A combination of explosive and unsustainable population growth, human-made climate change and depleted sources of clean water is contributing to overcultivation across the world. For its many advocates, vertical farming is a critical piece to solving that puzzle,
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It’s fairly simply: Softwood grows a lot faster – in ‘sustainable’ forests – than hardwood. The latter is often found in bio-diverse old-growth forests like, um, the Amazon. So if you could make softwood behave like hardwood, you’d not only access more sustainable wood for construction, you’d also protect hardwood forests from destruction. Plus, you
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Estonian on-demand transport firm Bolt is set to roll out electric taxi options in South Africa four months after introducing e-bike food delivery services in the country. Bolt’s plan follows the introduction of a ‘green category’ – which lets riders hail an electric or a hybrid vehicle. This comes as the company expands its services
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Chris Legg Contributor Chris Legg serves as a senior managing director at Progress Partners and as a general partner at Progress Ventures, the firm’s venture capital arm. Mergers and acquisitions activity is at an all-time high — global mergers and acquisitions have already broken 2020 levels with about $4.4 trillion worth of deals as of
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Farming is the most fundamental activity of civilization. Efficient, reliable and abundant food allows the great majority of people today to eschew cultivating plants and raising livestock and instead pursue every other activity that makes up an economy. It’s also an enterprise that has seen extensive innovation over the millennia, and farming has never been
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LinkedIn, the Microsoft-owned platform for those connecting with others in their fields of work and those looking for work, has been known best in recruitment for sourcing candidates and advertising job openings for permanent work. Now, to complement that, LinkedIn is opening up a new front in the job market for freelancers. Today it is
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Spain’s on-demand delivery platform Glovo has announced what it’s calling “The Couriers Pledge” — an initiative which commits its business to setting a new — “fairer” — social rights standard for its gigging couriers. The self-defined “standard” covers earnings, safety, communication and support for development opportunities.  Glovo says the commitments will (eventually) apply to couriers
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