Month: December 2022
Ubie, a Tokyo-based startup providing an AI-powered symptom checker app and hospital SaaS products, has closed a $19 million extension to its previous Series C round. This brings the health tech startup’s total funding to $45.2 million in Series C. The extension round consists of 90% equity and 10% debt financing, according to the co-founder
Rule one: Don’t throw out a number Evan Fisher 10 hours Evan Fisher Contributor Founder of Unicorn Capital and Minimal Capital, Evan Fisher‘s pitching and investor strategy has helped startups raise more than $2.5 billion. More posts by this contributor The pre-pitch: 7 ways to build relationships with VCs Don’t send VC a cold deck
David Rusenko Contributor David Rusenko is a full-time climate tech investor. He was previously the founder and CEO of Weebly, which sold to Square in 2018. Leeor Mushin Contributor Leeor Mushin is a principal at Floodgate Fund, where he focuses on application SaaS, climate and healthcare. He also is the co-founder of the GSB 20|20
After weeks of rumors, Getir has announced that it is acquiring Gorillas. This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that Getir has closed the acquisition of its competitor. TechCrunch has confirmed the news with Getir. “Markets go up and down, but consumers love our service
Komi, a personalized website page builder tool for influencers and celebrities to create and customize a landing page to promote their projects, today closed a $5 million seed round led by Contour Venture Partners. Launched in October 2021, Komi is designed to provide content creators, musicians, athletes, celebrities and other creative talent and personalities alike
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. Hello, Happy Thursday. There is a lot of news today, much of it posting as I write this — for example, the Federal Trade Commission is now suing to block Microsoft from
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. In Deloitte’s 2019 report, the firm reveals that AI is transforming the financial ecosystem to reduce costs and make operations more efficient by providing automated insights and alternative data, analysis and risk management. Technology such as AI has digitized
How do you know when you have a hit on your hands? When your competitors complain about it. Over the weekend, European Commission President Ursula von der Leyen said that the U.S. Inflation Reduction Act constituted a “new assertive industrial policy” and that Europe needed a “structural answer.” Von der Leyen’s measured words contrast with
Virgin Orbit is retargeting a launch that was supposed to take place as soon as next week from Cornwall, England — and that was to be the first spaceflight to depart from British soil — due to additional technical to-dos and remaining regulatory hurdles. In a statement, Virgin Orbit CEO Dan Hart said the company
Cameo today launched Cameo Kids, its new video messaging service that features personalized videos from popular animated characters like Thomas the Tank Engine, JJ, Cody, Cece and Nina from “CoComelon,” Blippi from “Blippi Wonders,” True from Netflix’s “True and the Rainbow Kingdom,” as well as an animated Santa Claus. Today’s launch is notable as it
If you told me that a company that’s charging $70 per month for multivitamins would be able to raise a $10 million round, I’d demand to see the receipts, and I’d be very curious indeed to see its pitch deck. It looks like today is my lucky day! Rootine is the company, and the founders
As part of Airtable’s decision to cut 20% of staff, or 254 employees, three executives are “parting ways” with the company as well, a spokesperson confirmed over email. The chief revenue officer, chief people officer and chief product officer are no longer with the company. Airtable’s chief revenue officer, Seth Shaw, joined in November 2020
Salesforce has always fashioned itself as a socially responsible company, and that includes working on a Net Zero carbon emissions goal. In fact, it launched Sustainability Cloud (now called Net Zero Cloud) in 2019, a product for tracking customer Net Zero goals. This year, they are taking that idea a step further with a new
When Svetlana Kordumova was studying for her doctorate in AI and computer vision, she grew frustrated by the process of looking for items to buy online. Search results were often inaccurate, and she knew the tech she was learning could improve the experience. Pixyle AI was launched in 2019 to improve product discovery on e-commerce
You know what I miss about working in an office? Literally nothing, apart from having access to a fancy coffee machine. It turns out that the magic of the liquid black gold is within reach even for work-from-home keyboard warriors. You don’t even need to spend ridiculous amounts of money for a tasty hot beverage
The day has arrived. Today, Disney+ launched its ad-supported tier, “Disney+ Basic,” at $7.99/month. The plan is currently only available in the U.S. and will become available in other countries sometime next year. Image Credits: Disney+ “Today’s launch marks a milestone moment for Disney+ and puts consumer choice at the forefront. With these new ad-supported
Ford Motor Co. Chief Executive Officer Jim Farley talks about why he admires competitor Tesla CEO Elon Musk and how they can compete in the electric vehicle space. He spoke to Bloomberg’s Emily Chang.
Matt Barbieri Contributor Matt Barbieri is partner-in-charge, Media, Technology and Life Sciences at Wiss & Co. Many founders are reactive when business doesn’t go as planned. They may make knee-jerk reactions like: “If I lose 10% of revenue then I’ll just lay off five people.” The problem with such approaches is that they don’t always
Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB). Specifically, TripActions has secured a warehouse debt facility from Goldman Sachs with a $200 million commitment and the potential to “flex up” to $300 million
As electric vehicles begin to take some market share, the nation’s charging infrastructure is playing catch-up. Some folks already have an edge in this race, including some California residents and Tesla fans, but many EV owners in America still face charging deserts and unreliable stations — two key obstacles to decarbonizing transportation and doing right
According to Atomico’s new State of European Tech 2022 report, France has taken the UK’s title as the third largest listed tech nation, with Britain moving down to fourth. Nothing to do with Brexit, of course… Meanwhile, Sista, the Paris-based organisation which campaigns for more finds for female founders recently closed €30m of an intended
Uolo, an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital. The vast majority of edtech startups operate in a business-to-consumer model and spend on ads to reach the parents
If you thought that the recent venture capital market was tough, let me tell you about 2016, 2017, 2018, 2019 and 2020. With the first week of December under our belts, we’re not too far away from the end of the year. That means that 2022’s venture capital story has largely been written. It’s not
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. Hello, and welcome to Hump Day! If you haven’t gotten your fill yet of tech egos, you’ll want to tune into today’s Equity podcast, where Natasha M and Alex talk about how
To help electric planes take off, German battery company Customcells says it landed about $63 million (€60 million) in Series A funding from Porsche and several climate-tech investors. World Fund, a one-year-old venture firm that backs European climate startups, led the deal. Abacon Capital and Vsquared Ventures also chipped in. Customcells develops and recycles high-performance
Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 when funding passed $100 billion, according to a new report published today. The figures come from London VC firm Atomico’s annual State of European Tech, which has become a bellwether for the tech
Winamp version 5.9.1 is here, rejoice! The venerable — nay, aged — but reliable media player has been receiving sporadic updates over the last couple decades, but little truly new functionality has appeared (and that’s just fine by us users). But this new version brings an unexpected and thankfully optional feature: NFT playback. No, this
French startup Pickme has raised a $3.7 million (€3.5 million) funding round to build a new network of pick-up and drop-off points for e-commerce retailers and logistics companies. With Pickme, a customer can order something and let their neighbor receive the package directly. It’s something that many people already do but with a more formal
Setpoint, a startup that has built software to help other companies close loan transactions faster, has raised $43 million in a Series A round led by Andreessen Horowitz (a16z). The raise comes just six months after Austin, Texas-based Setpoint closed a $5.5 million seed round and $150 million in securitization. Serial entrepreneurs Ben Rubenstein, Stuart
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