Jambo, a Congo-based startup building Africa’s web3 user acquisition portal through “learn, play, earn” and democratizing access to crypto-based income-generation opportunities, has raised $7.5 million in seed funding. Experts say Africa is poised to be disrupted by web3 in a similar fashion that has seen Southeast Asia become one of the best markets for web3.
Month: February 2022
Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015. Brian Dally, a former mobile network exec, and Nick Bhargava, a co-author of the
Volta Trucks — the Swedish electric vehicle startup that believes it can build better urban delivery vehicles and other trucks that are safer and take up a smaller carbon footprint than their gas-guzzling, more clumsy, existing counterparts — has closed a big round of funding to help it through that last mile of work before
Welcome to my new weekly fintech focused column. I’ll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it turns into a
Shopify CEO Harley Finkelstein joins Emily Chang on the heels of their earnings. The Amazon rival came in with a successful fourth quarter, beating analyst estimates for revenue and profit and turning the tide after a previous rocky period. Shopify expects revenue growth to be lower as online spending resets post-Covid this year. He speaks
LG’s innovation center — LG Nova among friends — today announced that it has selected the first 50 companies for its Mission for the Future global challenge competition. From 1,300 applicants, the company picked its first cohort to start building opportunities with the startups. Nova itself is a counterpoint to profit-focused corporate venture capital outfits,
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is Saturday, which means it’s not a usual day for us to drop an episode. But what are we if not try-hards at heart? So, we’re back today. What do we have
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. Since launching the venture firm Backstage Capital in 2015, Arlan Hamilton has invested millions in more than 195 companies led by underrepresented founders, from a duo taking on auto insurance to a
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Oh yeah, y’all, it’s the weekend and it’s a long one here in the United States as we have Monday off. As you read this I am
Redfin CEO Glenn Kelman joins Emily Chang to talk about mortgage rates in the U.S. inching closer to 4% and its impact on the housing market. He also shares his insight on where real estate investors are buying homes in the U.S. and how out-of-towners with big budgets are fueling rapid price growth in popular
Since launching the venture firm Backstage Capital in 2015, Arlan Hamilton has invested millions in more than 195 companies led by underrepresented founders, from a duo taking on auto insurance to a team rethinking how we virtually learn. Despite the breadth in the business, Hamilton says she is consistently asked two questions by her portfolio
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha and Alex and Mary Ann got together with Chris and Grace to rock our regular Friday news roundup. This time, however, with extra zip, as we’re staring down a long weekend that,
Instrumental was launched by two former Apple mechanical engineers in 2015. Having worked on products like the iPod and Apple Watch for the previous six years, they were intimately familiar with the process for checking on manufacturing quality: You got on a plane to Asia and took a look for yourself. CEO and co-founder Anna-Katrina
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Friday, February 18, 2022! First, a note that much of TechCrunch is off Monday for a U.S. holiday, so some regular stuff might land a
ICON, which creates homes using 3D printing, has raised an additional $185 million in a round led by Tiger Global Management, TechCrunch has learned exclusively. The financing is said to be an extension of ICON’s $207 million Series B that was announced last August. While the Austin-based company confirmed the latest raise, it declined to
Retailers have traditionally onboarded their drop-ship, marketplace and wholesale suppliers using electronic data interchange (EDI), which is a fancy way of saying information that is sent from one company to another electronically. However, setting up this process can take months, time most retailers don’t have if they want to get ahead in Amazon’s world. In
Delivery has become one of the fastest growing verticals for robotics investments amid pandemic-related shutdowns. There’s been plenty of interest in the category over the years, but Covid-19 has accelerated interest on all sides of the equation. Among this category, however, Agility stands out – in more ways than one. Born out of research from
News that Databricks crossed the $800 million annual recurring revenue (ARR) threshold last year was impressive, but more notable was its growth rate of greater than 80% during the same period. That’s a wild expansion pace for a company of Databricks’ size, and it backed up its CEO’s general vibe that his team could weather
Meta, the parent company of Facebook, has confirmed to TechCrunch that Jeren A. Miles, who had been a manager of global community development, is no longer employed by the company after a video went viral on YouTube, which was then reposted on Reddit and other sites, featuring him in a sting operation conducted by amateurs
Quick pop quiz: Is it better to recycle your cardboard boxes, or use a sturdier packaging bag that can be used again and again until it meets its maker again? Returnity‘s bet is the latter, and the company just raised $3.1 million from Brand Foundry Ventures to continue the work the company has been doing
The public markets may have cooled on fintechs in recent months, but for entrepreneurs who are still considering starting up, “outlook good,” says the Magic 8 Ball. In 2021, one-third of all unicorns created were fintech companies: investor FOMO, increased use of digital payments, BNPL, and other financial services created a gravitational field that attracted
I fully confess I was a skeptic when Samsung unveiled the first Note. And I certainly wasn’t alone among the crowd at the Messe Berlin that IFA. The 5.3-inch display was unimaginably large in a year when the average screen measured a hair over 3.5 inches. The stylus graced the phone like a vestigial organ
Amanda Milligan Contributor Amanda Milligan is head of marketing at Stacker Studio, a newsroom and newswire that partners with brands to create and distribute content to high-quality news publications, earning brand authority and links. More posts by this contributor 3 strategies for elevating brand authority in 2021 6 reasons why reporters aren’t interested in your
The UK’s cost of living crisis has been making grim headlines for months — with no respite in sight. Just this week, newspapers reported that inflation had hit 5.5%, a 30-year high, further pushing up prices for everyday essentials like food. Worse is yet to come as an energy price cap will end in April,
Snapchat is rolling out a new buddy system-like feature that will allow users to share their real-time location for 15 minutes or a few hours with a friend, the company announced on Friday. The new global feature is meant to help users look out for their friends as they continue to resume their social life,
In the past year, Kubernetes adoption exploded, with over 5.6 million developers using the cloud-native tools — an increase of 67% from the year prior. For those who need a refresher on Kubernetes, it is an open source container project created by Google in 2014 to automate, monitor and run applications. Kubernetes is one of
Further evidence of the booming Portuguese tech ecosystem is emerging today with the news that venture capital firm Shilling is topping-up its ‘Founders Fund’ to €52 million ($59M), with €22M ($23M) more than the primary announcement last April. Significantly for Europe where often VC funds are backed by the sometimes constraining European Investment Fund, this
Powered by 25,000 motorcycle taxis at the start of 2020, Safeboda was at its peak, ferrying thousands of pillion passengers in cities across Uganda and Nigeria. And then the covid pandemic hit, throwing everything into a spin. Containment measures like work from home directives meant a slump in business, which was worsened by the lockdowns,
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Thursday, February 17, 2022! Heading into a long weekend here in the United States, you might think that the news is slowing down but, nope.
One way to survive a valuations trough is to grow like hell Alex Wilhelm 11 hours Big-data analytics unicorn Databricks is back in the news, disclosing a new revenue figure and its 2021 growth rate. TechCrunch has been tracking the company for years, curious about its growth and what its rising worth said about its
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