Bennett Carroccio Contributor Bennett Carroccio is the co-founder and CEO of Canal, the connected commerce platform transforming the way products are sold online. The biggest startups in the world are laying employees off. The yield curve has become inverted, inflation is at 8.6%, and economic pessimism is the highest it’s been since 2009. For e-commerce
Month: July 2022
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. Sitting as we are on the precipice of a huge data dump, we had lots to chat through!
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. Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline shenanigans for a bit. Oh! And we
Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally. The round is led by Singapore’s sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventures, a growth
Tuned, Meta’s social app for couples, is winding down a little over two years after it launched. Users, including this reporter, began receiving a notification about the impending shutdown last week, advising them to download their data before September 19 when the app will cease to work. Tuned was a project under Meta’s New Product
Chartbeat, a website that tells publishers about their readers, is getting the private equity treatment. Launched out of Betaworks in 2009, the service offered real-time analytics back when Google Analytics made you wait 24 hours to see who was clicking around your site. Eons later, private equity firm Cuadrilla Capital has swooped in to buy
Tons of capital has been raised across the crypto industry in recent months, but there has been a noticeable pause in deployment. That might change in the coming months. As it’s taken longer to close crypto VC deals, valuations across the industry have dropped, according to David Nage, venture capital portfolio manager at Arca. Some
This wasn’t a story you were expecting to read today, nor was it one I was expecting to write. Heck, judging from their interviews on the subject, it’s probably fair to say the team of mechanical engineers at Rice University weren’t expecting for their work to take them down this path, either. And yet, here
Traditionally, U.S. private market investors who adopted environmental, social, and corporate governance (ESG) frameworks — the very few thus far — did so to evaluate a potential company or investment on how it approached areas like sustainability or diversity. But now, in the post-Roe era, as controversial conservative legislation sweeps the nation, some VC investors
When Charles Onu’ cousin was both born with birth asphyxia and later developed a hearing condition, the seed for Ubenwa, an audio biometric company geared at identifying neurological disorders in infants, was also planted. Onu, CEO and co-founder, said he hopes Ubenwa will change the way physicians provide care to infants. “We’re trying to bring
Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry–by helping buyers access products from sellers on a single platform–keep attracting venture capital from investors. Cartona, one of the major players digitizing the traditional trade market, including mom-and-pop stores, FMCG producers, wholesalers, and distributors in Egypt, has raised
Seedstars’ portfolio founders Since its launch nine years ago, Seedstars has invested in 81 companies in over 30 emerging countries. Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. The
There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles tech upstarts envision for the future, as they have been required to operate with a safety driver behind the wheel. A set of provisions introduced
Netflix’s app on iOS now has a signup button that will redirect you to its site so you can subscribe to one of its plans with the company paying no App Store fees. This change comes after Apple said in March that “reader” apps — ones that provide digital content like books and videos —
Cruise is making good on its promise to launch an autonomous driving service in Dubai. Just a few weeks after the General Motors-backed AV company officially launched its commercial driverless operations in San Francisco, Cruise has sent two of its autonomous Chevrolet Bolt electric vehicles to Dubai to begin mapping the city in preparation for
Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. The software enables HR teams to digitize employee records, automate administrative tasks like employee onboarding and time-off management, and integrate employee data from different systems. Based in Singapore, it is currently active there and in Indonesia, and plans
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous
When I spoke to Roblox in 2020, the company was in the midst of rebuilding its entire underlying infrastructure. It had been running into issues with downtime due to insufficient resources to meet demand and needed to build a modern, cloud-native system to handle its growing user base. But beyond the nuts and bolts of
As venture funding continues to slow, founders are scrambling to extend their runways, regardless of how much cash they already have in the bank. But the startups that need the cash infusions the most are running into the most trouble. Last week, I wrote about the current state of bridge financing after multiple pre-seed investors started getting
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 I visited London recently, I found it hard to spend even one pound in cash: Cashless transactions were more than encouraged — they
Here’s a look at just some of the ways early-stage founders can learn to build, grow and fund their startups at TechCrunch Disrupt on October 18–20 in San Francisco. Word to the budget-wise: don’t miss out on early-bird savings. Buy your early bird pass before prices go up on July 31 at 11:59 p.m. PT and
Hey, friends! It’s that time again. Another week has passed us by, which means another issue of Week in Review — the newsletter where we recap the top stories to hit TechCrunch’s front page in the past seven days. Sign up here! The top story this week was about a new set of documents detailing
Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can get this newsletter in your inbox every week by subscribing on TechCrunch’s newsletter page. Dumping favor A weekly dispatch from the desk of TechCrunch crypto
The fintech funding boom of the past several years saw huge amounts of capital flowing into so-called neobanks, digital financial companies offering banking services to markets general and niche. The overarching idea behind the push made sense — many traditional banks are IRL-first and digital second, and their brick-and-mortar way of doing things engendered costs that
E-commerce across Latin America exploded in the past two years, but against an infrastructure that wasn’t prepared for all of that activity. During this time, startups have taken up the challenge to bolster the infrastructure needed for packages to get to their end destination quickly and cheaper. That goal has created somewhat of a competitive
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. We love a counternarrative angle these days, and this week’s choice is a look into why lower valuations may actually be a good thing for startups these days. In the past few
After it was rumored to be in play earlier this month, it shouldn’t come as a huge surprise that One Medical has found a new home. After a torrid public offering, the value of the American consumer healthcare and technology company had fallen below its IPO price, and it was an obvious target for the
Framework has been expanding its footprint in the laptop scene over the last few years, and we felt it was time to give one of their modular laptops a look. This latest generation is good enough that I felt it could be my daily driver, the port swap system is simple enough for a child
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Ride-hail startup Alto thinks the current gig worker-based market is inherently broken. Drivers’ salaries are squeezed by the costs of owning and maintaining a vehicle; riders aren’t guaranteed a high-quality service; cities have had to deal with angry taxi drivers; and the app-based companies themselves that have undercharged users to expand into new markets are
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