European Union lawmakers have taken a step closer to agreeing rules to standardize how a range of mobile gadgetry is charged. Today MEPs in the European Parliament’s internal market and consumer protection (IMCO) committee adopted their position on a Commission proposal announced last fall, ahead of a full vote by the parliament next month to
Month: April 2022
The future of Bolt, the Estonia-based ride-hailing company, in Tanzania is hanging in the balance following a new 15% service fee order that came into effect Friday last week. Bolt, Uber’s main rival in Europe and Africa, in response to queries by TechCrunch, said it had reached out to relevant stakeholders including the Land Transport
Everstage founders Vivek Suriyamoorthy and Siva Rajamani For sales reps, commission plans are often complicated and lack transparency, leading to accounting errors and frustration. Everstage, a sales commission platform, solves that, letting sales rep see exactly how much they earned. It also has features to estimate how much commissions they can potentially make from their
As consumers’ interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investment globally, increasing 92% from 2020. A South Korean startup called CellMEAT, which develops cell-based shrimp, has secured $8.1 million (10 billion KRW) Series A funding to compete
When it comes to presentation creation, PowerPoint and Keynote remain the de facto tools by incumbent advantage. PowerPoint has over one billion installs and 500 million users alone, thanks to Microsoft’s longtime bundling of Office with certain Windows editions. But this hasn’t stopped startups from trying to disrupt the status quo. Besides Prezi, there’s Pitch,
Platforms like Figma have changed the game when it comes to how creatives and other stakeholders in the production and product team conceive and iterate around two-dimensional designs. Now, a company called Gravity Sketch has taken that concept into 3D, leveraging tools like virtual reality headsets to let designers and others dive into and better
Netflix plans to offer a cheaper and ad-supported plan to consumers within a year or two, the world’s largest streaming service said, as it pushes to tap a wider set of potential customers. The firm, which reported a loss of 200,000 subscribers in Q1, will introduce the ad-supported plan to give customers more choice, company’s
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and welcome to this 109th day of 2022 – April 19 – which celebrates, among other things, National Garlic Day (nice try, Big Allium) and Bicycle Day, the anniversary of the
Local IPO pays off for merged entity of Indonesian trailblazers Gojek and Tokopedia Alex Wilhelm Anna Heim 17 hours GoTo, the combined entity resulting from the merger of Gojek (an Indonesian ride-hailing player) and Tokopedia (an Indonesian e-commerce company), raised around $1.1 billion (IDR15.8 trillion, per the company) in its public-market debut on the Indonesia
Instagram is adding the ability for users to create and donate to fundraisers directly from Instagram Reels, the app’s short-form video feature and TikTok rival. The feature was announced alongside a series of updates across Meta’s platform and services designed to celebrate Earth Day, including custom stickers for Instagram and Messenger, profile frames for Facebook, conservation-focused
Farmers don’t get embarrassed when the price of corn drops; similarly, there’s no reason for startup founders to lose their joy because publicly traded tech stocks are undercutting their valuations. If making as much money as you can is your primary goal, however, prepare to be disappointed. Accepting a down round or a smaller seed
U.K. food delivery gig platform Deliveroo has lost a court challenge in France over the “freelancer” status of riders. Reuters reports that the company has been fined the maximum penalty of €375,000 by a Paris court. Two former execs have also been fined €30,000 and given one-year suspended jail sentences for abusing the country’s labor
Are you looking to buy a folding smart phone? Do you want it to be Pokémon-themed? And do you live in South Korea? If all those stars are aligned just right, do we have some good news for you: Samsung is making a Pokémon Edition of the Galaxy Z Flip 3. They somehow decided to
Demostack, a San Francisco, California-based startup creating a “demo experience” platform for software-as-a-service (SaaS) sales teams, today announced that it raised $34 million in a Series B round led by Tiger Global Management with participation from Bessemer Venture Partners, Amiti Ventures, GTMfund, Operator Collective, and StepStone. CEO Jonathan Friedman says that the proceeds will be
Silicon Valley has gotten fantastically efficient at funding apps, SaaS and developer tools. It turns out, though, that climate change cares a lot less about bits, bytes, and stored procedures — it’s a lot more analog than that. Along come Evok Innovations and its cleantech fund, aiming to plow money into companies that are working
Instagram is removing the ‘Recent’ tab on hashtag pages for some users as part of a small test, the company announced on Tuesday. Currently, when you select a hashtag, you’re taken to a page where you can parse through the content that has been posted using that hashtag via three categories: Top, Recent and Reels.
Help us win a Webby by voting for us here. This week on Found we talk to Anthony DiMare, the co-founder and CEO of Bedrock, a company that has developed autonomous underwater vehicles (AUVs) to survey and map the seafloor in a much more efficient and affordable way than the traditional “big ship with a
Watching Elon Musk and others attempt to buy Twitter got me thinking about the time Salesforce wanted to purchase the social media platform. Back in 2016, around the time of Salesforce’s Dreamforce Conference in San Francisco, rumors ran rampant that the company was ready to spend $20 billion to purchase Twitter. It would eventually back off when investors
Last year, SEON, which has an anti-fraud platform designed to fight accounts raised a $12 million Series A. It does this by looking at a customer’s ‘digital footprint’ – especially their social media – in order to weed out false accounts and thus prevent fraudulent transactions. Clients included Patreon, AirFrance, Rivalry and Ladbrokes. The London-based
Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. This report also states that a number of car owners holding genuine insurance policies also fail to renew them when they expire, a
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit, and Bond have helped fuel the shift by allowing companies to quickly spin up new financial services using APIs. NovoPayment is a global BaaS startup based in Miami that has largely been focused
Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage startups around the world. The Palo Alto-based CVC fund will write checks worth between $500K and $3 million into seed, Series A rounds across sectors including
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expand its product offerings and talent base, including some to double down on compliances in the world’s second largest internet market. Steadview and existing backer Pantera
Square Peg Capital, one of Australia’s largest venture capital firms with current assets under management of about $3 billion USD, is digging deeper into Southeast Asia. The firm is currently raising $550 million in new funding, and if its recent investment history is anything to go by, a good chunk of that will be invested
Alphabet CFO Ruth Porat shares her favorite family rituals and travel destinations with Emily Chang on “Bloomberg Studio 1.0.” Alphabet is the parent company of Google.
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand. Nearly all of the electric vehicle manufacturers that took a shortcut to an IPO by merging with a special purpose acquisition company over the last two years are being investigated by the Securities and
The value of later-stage startups is in decline, data indicate. This particular market movement isn’t a surprise, but the scale of the contraction is worth noting. Forge Global, a secondary market for private-company shares, “said the prices of companies on its platform had fallen 19.9 per cent in February and March compared with the fourth
This month, Twitter announced the ground-shaking news that it was actually going to offer users a way to edit tweets — a longtime user request. And it would have been the biggest Twitter story in years, if it weren’t for the Elon Musk takeover attempt. Now, it appears work on Twitter’s Edit button has already
Clipboard Health, an app-based marketplace that matches nurses with open shifts at nearby healthcare facilities, today announced that it raised $80 million over two unannounced rounds, a $50 million Series B round in 2021 and a $30 million Series C round this year, at a $1.3 billion valuation post-money. CEO Wei Deng says that the
Everyone thought it was a little bonkers when Panic announced that they would be making a monochrome handheld gaming machine with a sort of subscription model where you can’t choose the games you get. DOA, right? Well, the preorders sold out so perhaps not. And fortunately, Playdate is a fun, weird and promising device that’s
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