Another strike against use of Google Analytics in Europe: The Italian data protection authority has found a local web publisher’s use of the popular analytics tool to be non-compliant with EU data protection rules owing to user data being transferred to the U.S. — a country that lacks an equivalent legal framework to protect the
Month: June 2022
The axe has fallen for e-cigarette maker Juul. The FDA ordered the company to stop selling and distributing its ubiquitous vaping devices in the U.S. Thursday, a dramatic end for a company that dominated the e-cigarette market and was valued at $38 billion at the top of its game. Juul will no longer be able
Instagram is experimenting with another new feature that would allow usersto post disappearing content. The feature, called Notes, allows users to post quick notes, like announcements, to their “Close Friends” circle or to followers who also follow them. Unlike Twitter’s new Notes feature, which allows writers to post long-form content, Instagram’s version is more like sticky
Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it has had held discussions to sell the local unit. Bloomberg reported earlier in the day that the San Francisco-headquartered firm had explored selling the India business, but “suspended discussions after tech startup
A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses in 35 markets, and as
The past decade has seen Black founders raise a vanishingly small portion of venture capital funding. How to fix the problem? That question is always met with the same answer: Allocate more capital to Black entrepreneurs. But that has yet to happen. In fact, Black founders receive less than 1.5% of all VC funds, whether
Florence Healthcare, which creates software that connects clinical trial sites, sponsors and contract research organizations, announced today that it has raised a $27 million Series C-1 led by Insight Partners. Insight Partners is known for its ScaleUp program that helps its portfolio companies grow rapidly. Florence Healthcare, which has now raised $114.1 million to date,
Paris-originated VC Breega wasn’t enormously well-known in the VC world (it only closed its 1st fund in 2015) until, perhaps, it started attracting attention with its second €110 million Seed fund, just under a year go. It’s portfolio now includes a number of scale-ups including Moneybox, Cuvva, Coverflex and Libeo. Perhaps part of its ‘secret
Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for consumers to make purchases since people use social media and messaging apps almost every day. SleekFlow, an omnichannel social commerce platform that helps businesses build
It’s almost Shakespearean. Juul, the e-cigarette company that took the U.S. by storm five years ago — and which was valued at its peak at $38 billion — is about to get kicked out of the country, according to the WSJ. Per the outlet’s report earlier today, the Food & Drug Administration could announce as
Sequoia India and Southeast Asia is broadening the range of its check size for the Surge program as the storied venture firm attempts to make its seed investments more “relevant for a larger set of founders,” it said Thursday. The venture firm’s check size for the three-year-old Surge program, which previously made $1 million to
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Is it Wednesday already? The calendar tells me that it is. (Fun fact: My apartment’s so full of date-displaying smart displays that it’s a struggle not to trip over them.) Time sure
Fusion startup Zap Energy has reached two milestones that could nudge it ahead in the race to offer low-cost, carbon-free energy — a $160 million Series C round and a successful test of a prototype fusion reactor that could pave the way to a commercial version. Fusion power has become an unlikely investor favorite as
The buy now, pay later (BNPL) market, estimated to be worth $120 billion in 2021, has grown significantly over the last few years. But for most of its rise to virtual checkout prominence, BNPL largely targeted everyday consumer goods like clothes from Urban Outfitters or a Peloton. Now, the credit method is moving beyond its
Cashify, a marketplace for gadgets trade-ins and buybacks in India, has raised $90 million in a new financing round as it looks to expand its business in the world’s second-largest smartphone market. Prosus Ventures and NewQuest Capital Partners led the seven-year-old Indian startup’s Series E funding, Cashify said on Thursday. Paramark Ventures and existing backers
Spotify is developing a new feature called Community that would allow mobile users to see what sort of music their friends are streaming in real-time as well as what playlists they’ve recently updated in a dedicated place in the app. The company today offers a similar “Friend Activity” feature on the desktop, but had limited
Detroit-based Airspace Link has positioned itself as a provider of increasingly important infrastructure in the burgeoning drone services space, letting operators get local and federal approval quickly. With $23 million in new backing, the company now plans to take its platform to other countries looking to get their drone industries off the ground. The company’s
At its annual re:Mars conference today in Las Vegas, Amazon’s Senior Vice President and Head Scientist for Alexa, Rohit Prasad, announced a spate of new and upcoming features for the company’s smart assistant. The most head turning of the bunch was a potential new feature that can synthesize short audio clips into longer speech. In
CloudQuery CEO and co-founder Yevgeny Pats helped launch the startup because he needed a tool to give him visibility into his cloud infrastructure resources, and he couldn’t find one on the open market. He built his own SQL-based tool to help understand exactly what resources he was using, based on data engineering best practices. After
Vignesh Chandramouli Contributor Vignesh Chandramouli, a partner at Oak HC/FT, focuses on growth equity and early-stage venture opportunities in healthcare. For years, automation has been a key driver of transformation across industries, changing the way companies and entire sectors operate. However, healthcare, a $4.1 trillion industry, has fallen behind. For an industry that constantly innovates,
Lev Kerzhner Contributor Lev Kerzhner leads Saragus Agency, which provides corporate storytelling services to startups, companies, entrepreneurs and investor groups. Over the past two years, I’ve designed dozens of presentations for a variety of companies at various stages of fundraising — from startup SAFE rounds, to VC rounds and IPOs. In this article, I will
Strapi, an open source content management system (CMS), today announced that it raised $31 million in Series B funding led by CRV with participation from Flex Capital, Index Ventures, and angel investors including former GitHub CEO Nat Friedman. With the capital, CEO Pierre Burgy tells TechCrunch that the plan is to launch a new product,
For the last several years, Appsmith has been quietly building an open source platform for internal development teams to build the custom apps they need. These are business applications that companies tend to build themselves to give them access to data in a more streamlined and visual way. While the company frames it as low-code,
Climate tech has been one of the biggest successes of the last few years. By 2025, investors are expected to sink $1.5 trillion to $2 trillion annually into a wide range of startups that promise to upend everything from travel and commuting to agriculture, construction, and more. Oh, and they’ll either trim carbon emissions or
Few sectors have boomed in the past few years like climate tech has. But despite the burgeoning urgency driving interest and investments, the ongoing market downturn is threatening to dim the prospects of many bright startups. But are climate tech VCs as gloomy as the rest? Three investors active in the space joined me on
Onstage at TC Sessions: Climate 2022 this week, climate modeling expert Dr. William Collins shared why he’s deeply skeptical of carbon offsets, and tree-based offsets in particular. According to Collins, they are, “as far as we can tell, a feel-good measure.” Likewise, tree-planting programs pedestalized by companies like United Airlines are “fool’s gold,” he said.
You’ve probably heard of unicorns, and you may have heard of soonicorns. But have you heard of gigacorns? Unlike its other more common cousins, the term “gigacorn” doesn’t refer to valuation. Instead, it tells us how well a startup can help fight carbon dioxide emissions, climate change and its implications. According to venture capitalist Christian
Most of us have a variety of fermented food products in our kitchen: you can’t make tofu, chocolate, vinegar or bread without agreeable microorganisms that can be produced at scale. Today, precision fermentation is innovating the alternative protein industry as food tech startups find the best methods for brewing eggs, dairy, meat and seafood in
Despite being one of the countries in Europe with the most hours of sunshine, Spain has extremely low levels of household solar installations. Madrid-based Samara, a startup founded in May this year — which is launching a service in its home market today — wants to change that, spotting what it believes is a major
U.S. Energy Secretary Jennifer Granholm is still “hopeful, positive and in fact bullish” that Congress can agree on “a significant push into clean energy,” despite the regulatory body’s virtual gridlock on issues like climate. Before Congress breaks for August recess, Democrats have said they hope to reach a deal on a budget reconciliation bill. Effectively
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