Mosaic Foods, a plant-based food company, announced Tuesday $6 million in seed funding as it continues to develop more products. The New York-based company came onto the food scene in 2019, co-founded by Matt Davis and Sam McIntire, with its line of frozen veggie bowls that includes recipes like peanut tofu bowl and butternut squash
Month: November 2021
Reddit is shutting down Dubsmash, its short-form TikTok-like video platform, on February 22, 2022. The company says after February, Dubsmash will no longer be available for download in the Apple App Store or Google Play Store. Currently downloaded apps will stop functioning on the same date. The company acquired Dubsmash in December 2020 and had
With capital in abundance, SaaS startups don’t seem to be too worried about how much runway they have remaining. According to OpenView’s annual Financial & Operating Benchmarks report, only 13% of nearly 600 companies surveyed named “burning too much cash” as one of their top three concerns, compared to 30% last year. While 2020 was
Meet Attio, a new CRM for people who are familiar with modern collaboration tools, such as Airtable, Notion and Zapier. The startup wants to create a product that can hold all important information about your customers, suppliers and partners, but that is also flexible so that you can organize, view and manipulate data easily. Attio
Mobiz, a South African startup integrating hyper-personalization into mobile marketing, has raised a pre-Series A round of $ 4 million from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech and Endeavor’s Harvest Fund. The investment comes as the startup is ramping up efforts to expand into the U.S. and double down on marketing, sales and
Kyle Poyar Contributor More posts by this contributor Freemium isn’t a trend — it’s the future of SaaS How to overcome the challenges of switching to usage-based pricing It’s not just your imagination — usage-based pricing (UBP) is seemingly everywhere in 2021. SaaS companies have been ditching traditional subscription pricing in favor of usage-based models
As more of the world shifts to doing everything from their smartphones, the ability to build better iOS and Android apps has to move with it. Bitrise aims to be the go-to company closing the gap between that mobile demand and a company’s ability to get apps out faster while also balancing all of the
As the world quickly transitions into a global village thanks to the rapid penetration of internet networks, it is easy for some people to be left behind owing to the remoteness of their locations. In most parts of Zanzibar, an autonomous island in East Africa, for example, services by terrestrial cable and satellite networks are
Robert Falck used to work at a Russian trucking factory by day, and by night, he built a nightclub guest list startup. He also collects old books, and once guessed that Chinese author Gao Xingjian would win the Nobel Prize in literature. He grew up on a farm, but has degrees in finance, economics and
Startup culture is informal, which is why some workers end up with job titles like “customer delight manager” or “product whisperer.” That might work inside mature companies, but early-stage founders who are presenting themselves to investors must be more specific. In an interview with Natasha Mascarenhas, B2B stealth startup founder Akshaya Dinesh recounted the time
In what looks like bad news for adtech giants like Facebook and Google, MEPs in the European Parliament have voted for tougher restrictions on how Internet users’ data can be combined for ad targeting purposes — backing a series of amendments to draft legislation that’s set to apply to the most powerful platforms on the
Looking for the soundtrack from your favorite Netflix show? Now, it will be easier to find thanks to an expanded partnership between Netflix and Spotify. The streaming music service today introduced a new “Netflix Hub” on its app, which will offer a centralized place for finding the official soundtracks, playlists, and podcasts for top shows
The venture arm of Volvo Cars, an automaker long synonymous with safety, has invested in an optics and imaging startup developing technology that can be integrated into a car’s windshield or windows to deliver images to drivers and passengers. Volvo Cars Tech Fund invested $2 million into optics and imaging developer Spectralics, funds it will
What is a startup? It’s a question so picked over at this point that it feels like the only answer is it depends. That’s fair. In the past, we might have said that once a private-market company earns a $1 billion valuation, it is no longer a startup. But with venture capitalists and crossover investors
Ira Belsky Contributor Ira Belsky is the co-founder and co-CEO at Artlist. You’ve likely heard of the “creator economy” already — it’s no longer a new concept, although some people are more acquainted with what it entails than others. But the creator economy needs creators. It says so right there on the label. Essentially, what
StepZen stepped onto the scene at the end of last year with an $8 million seed round and a vision for unifying APIs. Today that vision came into clearer focus as the company announced two new free GraphQL tools to help simplify API management. StepZen CEO and co-founder Anant Jhingran sees the graph as part
Less than six months after raising a $157 million Series D round, AI-powered transcription and captioning platform Verbit announced today it has closed $250 million in a Series E round that values the company at $2 billion. The latest funding brings its total raised to over $550 million. The new capital was led by Third Point
Earlier this month, Netflix’s new gaming service became globally available across both iOS and Android with a debut lineup that included two “Stranger Things”-themed games and a few more casual gaming titles. In the days since its launch, Netflix has expanded its lineup with two more games, including another casual game “Bowling Ballers,” and now,
If you’ve followed corporate card and spend management startups in the U.S., you might be familiar with Brex and Ramp. Payhawk is also offering an all-in-one financial management solution for businesses, but with a focus on European customers. And the company just raised a $112 million Series B round at a $570 million valuation. Greenoaks
Berlin-based Yababa only started its same-day grocery delivery business this summer, selling products geared towards the tastes of the capital’s sizeable Turkish and Arabic communities shortly afterwards, but in a few short months it’s closed a $15.5 million seed round of funding to fuel planned rapid expansion — both within Germany and across Europe. “Paris,
Facebook’s problems with European privacy law could be about to get a whole lot worse. But ahead of what may soon be a major (and long overdue) regulatory showdown over the legality of its surveillance-based business model, Ireland’s Data Protection Commission (DPC) is facing a Facebook-shaped problem of its own: It’s now the subject of
Alice Deng and Lawrence Murata were working at artificial intelligence companies when they found inspiration from their respective family’s businesses to create Slope, which enables businesses an easy way to offer buy now, pay later services. Prior to the global pandemic, suppliers were extending net terms of 30 days to pay, but at that scale,
French startup Leocare has raised a big Series B funding round led by Eight Roads. Overall, the company has raised $116 million. It’s an equity and debt round, which means that part of this amount is a cash-for-equity transaction, while the rest is a credit line. The company is raising today’s Series B less than
Liz Kofman-Burns Contributor Liz Kofman-Burns, Ph.D., is a recovering academic and co-CEO of Peoplism, a DEIB consulting firm that has helped startups like Betterment, ClassPass and Grammarly achieve measurable results. As a startup founder, you’re likely laser-focused on growth. We get it: You can’t do anything at all if the lights aren’t on. But if
AutoCloud announced a $4 million seed round this morning. The cloud-focused startup’s investment was led by Animo Ventures, with participating checks from Uncorrelated Ventures, B Capital Group and Moxxie Ventures. AutoCloud is the commercial side of the CloudGraph open source project. The hybrid open source (OSS) and commercial combination is an increasingly popular startup method
Most people in Africa wish to utilize various insurance products but are often deterred by the associated high premiums. It is, therefore, not surprising that insurance penetration across the continent remains marginal, with reported premiums per capita being 11 times lower than the world average, according to a McKinsey study. But the market might soon
The dollar is mostly green, but in the hands of Kompas, so are kroner, euros and shekels. The firm has an Amsterdam, Copenhagen and Tel Aviv presence, and now has a $160 million sack of funds to deploy across its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. The
Schwarz Group, an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. It may seem like a strange partnership, as Schwarz is best known as the owners of the Lidl and Kaufland supermarkets, but the company believes that extending into security will ultimately help benefit its retail
Twitter’s e-commerce initiatives now include livestream shopping and Walmart will be the first retailer to test the new platform. Over the past year, Walmart has invested in live shopping by hosting events across social platforms like TikTok and YouTube, and soon it will debut Twitter’s first-ever shoppable livestream. On November 28, Walmart will kick off
Renee Fry Contributor When you’re wearing multiple hats while managing your startup’s operations, there’s hardly any time to stop and think about what would happen if things were to go catastrophically wrong. You probably don’t consider the consequences if you were to die suddenly, leaving the venture you spent so much blood, sweat and tears
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