Magic Spoon, the maker of better-for-you cereals, secured $85 million in Series B funding as three of its brands make the jump from direct-to-consumer-only offerings to Target store shelves for the first time. HighPost Capital led the new round, which brings Magic Spoon’s total funding to date to $100 million. HighPost is joined by Siddhi
Month: June 2022
On a very special episode of The TechCrunch Podcast this week, I’m joined by Apple Senior Director of Platform Product Marketing Kurt Knight, who talks us through some of the big updates Apple announced at its WWDC conference on Monday. Kurt specifically talks us through the big new changes to Apple’s Continuity suite of features
Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap, and transfers between accounts in a move that has sparked discussions and has prompted the price of the firm’s token to take a 60% tumble in the past one hour to 19 cents. “We are taking this
The Zendesk ownership saga took several new turns this week, with an external investor, Jana Partners, agitating against the company, a review of its strategic options coming to a close, and the business software company deciding to stay independent. Now worth less than $10 billion, Zendesk has made more noise in recent months than you
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Greetings from Austin, Texas, where the temps have been over 100 degrees for days now and we’re trying hard just not to melt. The global funding boom in 2021 was unlike anything most of us
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. Per Layoffs.fyi, a layoff tracker, over 16,000 tech workers lost their jobs in May, and June is off to a similarly brutal start. TechCrunch’s senior reporter Amanda Silberling and I have accidentally,
Hi, friends! Welcome back to Week In Review, the newsletter where we recap some of the top stories to cross TechCrunch dot com this week. The most read story this week was . . . well, everything that came out of Apple’s annual Worldwide Developer Conference. Apple tends to dominate the news cycle during WWDC,
During its WWDC keynote, Apple announced a bevy of changes and updates to its hardware and software. In the mix were anticipated improvements to its various operating systems and computers — and plans to expand its fintech footprint. Apple has been growing as a consumer finance company for some time, most famously thanks to its
Mexico City-based digital bank Klar has raised $70 million in equity funding at a valuation of $500 million, the startup announced today. The raise follows a period of hypergrowth for the company. Klar experienced a “7x” year-over-year increase in revenue and 4x bump in transaction volume over the same time period, according to Klar co-founder
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. When does a startup stop being a startup? It’s a tougher question than it seems — tech companies have found that there’s power in
Boulder Care, a Portland, Oregon–based telehealth provider focused on medical treatment and support for people overcoming substance use disorders, raised $36 million in Series B funding. Founded in 2017 by Stephanie Strong, the company has a mission to address national overdose rates, particularly with opioid and alcohol use disorders. Analysis from the White House in
Technology built with defense in mind is getting some significant and serious traction at the moment, spurred by world events, advances in technology and a growing appetite from end users to invest in more innovative ways to protect themselves. In the latest development, Shield AI — which makes software and hardware for drones and other
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
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. It’s Friday, June 10, 2022, and Haje is on the road, so it’s just me today. Before I let you enjoy the weekend, there are a few housekeeping items to address. First,
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. The show is largely off this week, which means that we don’t have our usual deluge of new startup news covered for you. But, we didn’t want to leave you with nothing at all on this lovely Friday,
Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel and Gaingels. Co-founder and CEO Kyle Mack said that the new capital will enable Middesk to triple its headcount to
Telecommunications provider AT&T quietly dropped HBO Max as a bundled perk for new AT&T customers on its top unlimited wireless plan, AT&T Unlimited Premium. The company launched the new plan this week, which replaced Unlimited Elite. AT&T confirmed the new plan doesn’t include the streaming service but didn’t provide a detailed explanation regarding its decision.
Nathan Beckord Contributor More posts by this contributor How to build and maintain momentum in your fundraising process How to break into Silicon Valley as an outsider Iddo Tal has an infectious enthusiasm for fundraising. He believes that when startup founders know how to raise money, they can find the freedom to approach investors with
Felix WIlliams is the founder and managing director of Lagomaj Capital. Since starting the St. Louis, Missouri-based venture capital firm soon after completing high school, 23-year-old Williams has backed dozens of companies — with a special interest in agtech and biotech and including a couple of very large tech companies that he’s not at liberty
Free messaging app Telegram is getting into the subscription game. Founder Pavel Durov confirmed today a paid offering is coming later this month which will go above and beyond the current free experience — so a premium offer — without, per the post on his Telegram channel, any negative changes to existing features for (non-paying)
Hybrid Cloud Up Time (HYCU), a self-described “backup-as-a-service” company for customers managing hybrid and multicloud environments, today announced that it raised $53 million in a “majority equity” Series B round led by Acrew Capital with participation from Bain Capital Ventures, Atlassian Ventures and Cisco Investments. In an email interview with TechCrunch, CEO Simon Taylor said
The e-commerce market is on track to pass $5.5 trillion in revenues this year, which speaks not only to how much consumers are shopping online these days, but also to how many businesses there are out there now selling to them. Today, a startup from Gothenburg, Sweden called Juni is announcing $206 million in funding
ComfortDelGro, a Singaporean taxi operator, announced Thursday its partnership with Alipay+, enabling tourists from Malaysia and South Korea to use their mobile wallet apps Touch ‘n Go eWallet and Kakao Pay to pay the cab fare in Singapore. “With Singapore reopening its borders, we are looking forward to having tourists come visit us,” said CEO of ComfortDelGro Taxi
Shares of DocuSign are off 25% in pre-market trading today after it reported earnings last night, pushing the value of shares in the e-signature company under pre-COVID levels. Given that the market is valuing DocuSign at a cheaper price than it did in early 2020, you might think that it is struggling. Hardly. Coming off
The world of AI-powered drug discovery keeps expanding as the capabilities of machine learning grow. One approach that seemed unthinkable just a few years ago is simulating the complicated interplays of two interlocking molecules — but that’s exactly what drug designers need to know about, and exactly what Charm Therapeutics aims to do with its
According to Crunchbase, more than 17,000 tech workers have lost jobs since the start of this year. That’s painful, but for perspective: TechCrunch tracked more than 100,000 tech layoffs between August and December 2008. In my experience, founders and investors usually come out unscathed on the other side of events like these. For below-the-line employees,
Mike Tong Contributor Mike Tong has over a decade of experience leading GTM strategy and operations for tech and data companies as part of McKinsey TMT, AtSpoke, Splunk and the VC firm B Capital. In 2019, I led the sales team and growth strategy for a venture-backed AI company called atSpoke. The company, which Okta
The International Finance Corporation (IFC), the private sector arm of Work Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the disclosures that it’s eyeing a stake not exceeding 20%. The agency said
The UK’s competition watchdog has published its final report on a comprehensive, year-long mobile ecosystem market study — cementing its view that there are substantial concerns about the market power of Apple and Google which require regulatory intervention. Back in December, its preliminary report on the market study also identified concerns and discussed potential remedies
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. When did it become Thursday? About 15 hours ago, that’s when! Welcome to the 9th of March 2022, and another, extra crunchy Daily Crunch. Serve it with some real cow milk that
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