Xendit, a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation
Month: May 2022
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. “You can often pick up significant market share in an economic downturn by just staying alive,” top startup accelerator Y Combinator wrote in an internal e-mail to its founders this week. The
While we had the chance to be at home more over the past few years, you may have spruced up a home office or replaced a couch. However, once the new item was in your home, you may have had some buyer’s remorse or the item didn’t live up to its website photo. In any
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. Deep tech has become a hot topic in Europe, with hopes that the region can have an edge over the rest of the world
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the
But it could lead to more balance later this year Ron Miller 8 hours As bad economic news piles up seemingly on a daily basis, we don’t know what the future holds except that change is on the way. Although we are seeing layoffs and hiring freezes at some companies, it doesn’t necessarily mean the
Time is a flat circle, and all that was once old is new again. For example, back in the venture days of yore, inside rounds were considered a poor market signal; if a startup could not attract a new lead investor for its next round, what did that say about the company? Last year, that
Founders have gotten the memo that the ground is shifting under their feet right now. What to do about it is the question. Already, teams are making plans to scale back their spending to preserve capital. They’re making painful staff cuts toward that same end — or else instituting hiring freezes. But they should also
Unless you live near a port, you probably don’t think much of the tens of thousands of container ships tearing through the seas, hauling some 1.8 billion metric tons of stuff each year. Yet these vessels run on some of the dirtiest fuel there is, spewing more greenhouse gases than airplanes do in the process.
As with many skilled professions these days, there is a gap between demand and supply when it comes to IT pros. As more people turn to Apple devices at work, whether computers, phones or tablets, the need for people who can service and manage these devices has increased. While we may find ourselves in an
CleverTap, a retention marketing platform which has raised $76.6M to date, is to fully acquire Bulgarian-originated but San Francisco-based Leanplum, a customer engagement platform which has raised $131.2M, for an undisclosed amount. The news was broken by South Eastern European startup news site The Recursive. Sunil Thomas, CleverTap Cofounder and Executive Chairman said: “Like many
Walker Drewett founded NuBrakes in May 2019. According to Mike Ghaffary, GP at Canvas Ventures, Drewett is building a high-growth business powered by a marketplace model, which is why Ghaffary led the company’s Series A. The product is simple: On-demand vehicle brake repair services. Join this episode to hear how Drewett raised capital and built
The technological advances we’ve made over the last few thousand years are stunning, but the construction industry still relies on centuries-old technology. Configuring a robot to mix cement is easy, but delivering a CementTron 3000 to a job site, training employees on its use, and keeping it maintained are not the kinds of disruptions builders
TikTok announced today that it’s launching a new ad product called “Branded Mission” that will allow creators to connect with brands and possibly receive rewards for videos. With the new ad product, advertisers can crowdsource content from creators and turn top-performing videos into ads. Advertisers can launch branded campaigns and encourage creators to take part
Everstream Analytics, a supply chain insights and risk analytics startup, today announced that it raised $24 million in a Series A round led by Morgan Stanley Investment Management with participation from Columbia Capital, StepStone Group and DHL. CEO Julie Gerdeman said that the new money would be used to “propel technology innovation” and “further global
The next bottleneck in lithium-ion battery supplies isn’t cobalt, even though China has a stranglehold on the market, and it’s not nickel, either, despite nickel prices nearly doubling in the past five months. Cobalt can be partially replaced with nickel, nickel can be partially replaced with manganese, and both can be completely replaced with iron
In 2017, we noted that smartphone screen sizes had settled into a sweet spot between five and six inches. In hindsight, that may well have been wishful thinking. A brief respite aside, it seems that phones have only continued to embiggen, driven by a continued spec war and panel manufacturers like Samsung. Heck, even Steve
Welcome to Online Day at TC Sessions: Mobility 2022! Opportunity knocks just as loud online as it does IRL, but this knock can be heard around the world. You’ll find everything listed in the event agenda, but here’s a quick rundown of what’s in store. Plan your day to reap optimal opportunities! But first: If
Ghosting a $44B date Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. The whole team was back together this week, which was pretty darn good as there was a lot to get through. Alex Wilhelm, Natasha Mascarenhas and Mary Ann Azevedo were on the
After years of stolen memes and uncredited dance trends, TikTok today is introducing a new feature that it says will be the first iteration of its creator crediting tools that allow creators to directly tag and credit others using a new button during the publishing process. This button lets creators credit all sorts of inspiration
Galley Solutions, a food data company providing food operators with technology to make more profitable decisions around their culinary operations, raised $14.2 million in Series A funding. Ian Christopher, COO, started the company with his brother-in-law, Benji Koltai, CEO, in 2017. The food enterprise resource planning tool came out of Koltai’s previous work at Sprig,
Technology turned out to be a boon for pets during the pandemic. Without ready access to vets, pet owners turned to mobile apps to keep track on their pet’s health, often via educational content, and in some cases that was linked to insurance providers. The behavior has lit up the VC world as startups roll
TechCrunch is excited to announce Swyft Cities won the TechCrunch Sessions: Mobility 2022 pitch-off and is fast-tracked into the Battlefield 200 at TechCrunch Disrupt in October. Beyond Aero is runner-up. The Mountain View-based company is committed to improving transportation through the use of autonomous, lightweight, fixed-cable vehicles. The company says that its solution offers a
How much difference a year makes. In April 2021, TechCrunch published a venture capitalist’s take that “the era of the European insurtech IPO will soon be upon us.” At the time, the perspective made some sense. After all, just last June, this column explored the rapid-fire fundraising in the insurance technology startup market, declaring that
Twitter has announced that it’s rolling out Super Follows-only Spaces. Creators who offer Super Follows subscriptions can now host Spaces exclusively for their subscribers. The social media giant says this new option will give creators a way to “offer an extra layer of conversation to their biggest supporters.” Subscribers globally on iOS and Android will
ChargeLab, a Toronto-based startup that builds software to operate and optimize electric vehicle charging equipment for fleets and commercial customers, has raised a $15 million Series A round. The round was led by King River Capital and notably includes participation from strategic investor ABB E-Mobility, a spinoff of technology company ABB that focuses on electric
Reflecting the growing investor interest in HR technology startups, Fetcher, the talent acquisition platform formerly known as Scout, today closed a $27 million Series B funding round led by Tola Capital with participation from G20 Ventures, KFund and Accomplice. The new money — $7 million in debt and $20 million in equity — brings the
If meme stocks can be a thing, what’s to stop audio meme sharing from going viral!? Hoping to storm the ear-bending arena of social audio and win friends amid the gamer/creator crowd is Voicy — a Netherlands-based startup that’s building a platform for user-generated audio snippets (typically a few seconds long), offering tools to create
Thursday May 19, 2022, and it’s the last day of our in-person Mobility event. Tomorrow we take the journey to the mean streets of the world wide web, and you can still join us virtually! — Haje and Christine The TechCrunch Top 3 Tl;dr: We know you don’t have 32 minutes to read Meta global
Historically, the relationship between landlords and tenants can be a contentious one. At the same time, the experiences of managing a property, and renting one, are not always smooth. Belong, a startup that aims to address both these issues while giving renters a way to save toward home ownership, has just raised $50 million in
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