Remember Wag? The dog-walking app made huge waves back in 2018 when it raised $300 million from SoftBank’s Vision Fund. Competing with rival Rover, Wag’s service fell out of our minds in the years since its mega-deal. Today, Wag is back in the news thanks to a recently announced SPAC deal that will take the
Month: February 2022
Meta, the parent company of Facebook, announced today that board member Peter Thiel will not seek reelection to his post, effectively ending his tenure in the top echelon of the social media company’s leadership. The move is not an enormous surprise. Thiel has been increasingly publicly involved with political activities, including backing several Congressional candidates.
Gary Little Contributor Prior to becoming CEO of Foursquare, Gary was MD of Raine, leading the technology practice with a focus on advisory assignments and principal investments in consumer internet, enterprise software and emerging technology. In the current environment, businesses are now tasked with balancing the push toward recovery and developing the agility required to
The bill for Apple’s antitrust stand off in the Netherlands over dating apps’ payment methods has ticked up by another €5 million — and now stands at €15M, the Authority for Consumers and Markets (ACM) confirmed today. The penalty relates to an order by the competition authority requiring Apple to allow local dating apps to
Rating symptoms on a numerical scale seems easy, but it can be harder than it appears. How much did it hurt when you stubbed your toe? Was it a two out of 10? A four? How often do you wake up at night? Twice, three times? Regularly? Rarely? These imprecise, self-reported scales can be found
Countries in sub-Saharan Africa have been worst-affected by Meta’s plan to discontinue its low-cost Express Wi-Fi internet, launched five years ago to drive connectivity in underserved regions. Meta (formerly Facebook) quietly issued this notice saying that it plans to wind down the program later this year. In countries like Kenya, however, the service has been
There’s no denying the growth of healthtech globally over the past three years thanks to the pandemic. The event has accelerated the use of telemedicine, virtual care, and drug delivery, thus fuelling investor interest in the sector. Investment has also trickled down to Africa, with large checks going into growth-stage startups. Lagos- and Texas-based digital
Dating app company Bumble, Inc. is making its first acquisition with today’s news that it’s adding the fast-growing French dating app Fruitz to its family of applications. Though Bumble, Inc. already has an international footprint as the parent company to Badoo, which is particularly popular in Europe, it sees the addition of Fruitz as a
Flexport CEO Ryan Petersen joins Emily Chang to share his 2022 outlook on supply chain issues – which were the most often cited topic during 2022 earnings calls. Also, whether or not they’re planning another stunt like their three planes full of potatoes headed for Japan last December to avert a french fries crisis.
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others. With the fresh capital,
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
Michael Fey Contributor Michael Fey leads Island as co-founder and CEO, relying on his extensive experience in cyber security, enterprise software and cloud technology. A company’s most valuable asset is its people, especially for organizations still in their infancy. A startup’s founding team can be the difference between an industry-changing unicorn and just another failed
Cloud is the big buzzword these days, with people talking about why it’s a smart move for companies, and lots of venture-backed startups developing easy ways for companies to make the shift. Artisanal Ventures, a Bay Area venture capital firm investing in B2B cloud startups, closed on its first fund, the oversubscribed $62 million Artisanal
Q5D’s proposition is a simple one: use robotics to automate the process of producing wiring harnesses for electronics. It’s one that — surprisingly — is often still executed by hand, owing to its overall complexity. It’s a process, the company is quick to point out, that hasn’t really changed all that much over the previous
Hello and happy weekend from the Equity crew! We had a busy week, including a Twitter Space with Natasha and Alex taking to the mics to dig into some tasty public-market news. Naturally our show is more startup-focused than public-market centered. But! We can learn a lot from the world of public companies that 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. If there’s one sector that is incessantly in pursuit of Magic Metrics, it’s edtech. For the past two years, I’ve spoken with every top investor and founder in the industry and each
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. Hello and welcome to the weekend, my friends! Today we’re sticking to simple fare. The meat and potatoes — pea protein and gluten-free starches?
When Vincent Jiang was working as a software developer, his daily job was to build tables for financial analysts so they could create financial reports on trading strategies. He thought that in some cases, the analysts could do that themselves rather than relying heavily on the engineering workforce — they just needed the right tools
Growth marketing (TechCrunch+) 3 experiments for early-stage founders seeking product-market fit: Elise King, director of Human Ventures’ entrepreneur-in-residence program and member of the firm’s investment team, spoke with founders and tells us about finding product-market fit. Tackling touchpoints on your customer’s path to purchase: Returning contributor Jonathan Martinez shares his thoughts about using segmentation and
And why we are pro tech twitter drama Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. We had the full crew aboard today, headed by our killer production team Grace and Chris, and hosting crew Mary Ann, Natasha and Alex. Last week we promised Cute Farming Robots,
John S. Kim Contributor John S. Kim is the CEO of Sendbird, the leading API provider to embed chat, voice and video experiences inside of mobile apps. More posts by this contributor Leasing Creative Office Space? Don’t Get Screwed Social is not just what you do on Facebook anymore; it’s what you do in every
Digibee, a low-code integration platform is doing what all low-code integration platforms are apparently doing right now: raising funding. The company today announced that it has raised a $25 million Series A round led by SoftBank Latin America Fund. Brazil-based Kinea and G2D Investments also participated in this round. Launched in 2017, Digibee makes it
Alphabet Inc. announced a 20-for-1 stock split in the form of a one-time special stock dividend, aiming to draw a wider audience for its shares. CFO Ruth Porat spoke to Emily Chang about the earnings. Dan Newman of Futurum is on “Bloomberg Technology.”
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 4, 2022! The TechCrunch team is getting pretty stoked for our 2022 slate of live and online events. Equity and Found are hosting
In an interview at TechCrunch Disrupt in 2014, then-CEO of Pure Storage, Scott Dietzen, was asked about the possibility of exiting via acquisition. He didn’t pull any punches: “Acquisitions always suck, and suck worse than you think that they are going to suck.” That doesn’t sound like getting acquired is the best thing that could
The scrap between Joe Rogan, Spotify, and their detractors has resurfaced the simmering debate concerning creator monetization. Given that creators include everyone TikTok performers mega-podcasters, YouTube celebrities, and Instagram influencers, no single revenue model will work for them all. But do creators have to employ all revenue models to make their business math-out? Being cross-platform
Traditionally, companies hold in-person sales kickoffs (SKOs) in January and February to network, educate sales teams about new products and devise strategies for the year ahead. These days, the convention centers and hotel ballrooms that once hosted those events are dark and quiet. Even though most employees are vaccinated, companies are still reluctant to send
Meet Numeral, a French startup that wants to upgrade corporate bank accounts. While clients interact with Numeral using a modern application programming interface (API), the startup connects directly to bank servers to upload payment files and interact with outdated information systems. By abstracting that layer of complexity, you can treat your bank accounts like another
Coding bootcamp Nucamp will no longer publish job placement metrics in its advertising materials, a move that CEO Ludovic Fourrage is making to rebuild student trust in the industry. “Students have to be accountable for finding the right job in the industry, and too often placement is easily used as a justification of increasing the
A diverging insurtech market could injure many companies while others remain unscathed Alex Wilhelm Anna Heim 9 hours There were two markets for insurtech startups in 2021: one welcoming and one dismissive. Private market investors poured capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies down —
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