Fundings and Exits

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

Aline Lerner Contributor Technical interviews are a black box — candidates usually are told whether they made it to the next round, but they rarely find out why. Lack of feedback isn’t just frustrating for candidates; it’s also bad for business. Our research shows that 43% of all candidates consistently underrate their technical interview performance,

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Toward the end of 2022, a number of entrepreneurs, some citing Elon Musk, told me that they’re bringing back an in-person work culture in the

Toward the end of 2022, a number of entrepreneurs — some citing Elon Musk — told me they planned to bring back in-person work culture in the following year to help promote productivity and, in some cases, loyalty. One founder even told me over drinks that they weren’t worried about losing talent — claiming that

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Friday, cha cha cha! Fri-day! Cha cha cha! We’re doing a tiny, joyous, two-person conga line around our virtual Daily Crunch editorial Zoom meeting to celebrate the arrival of the first weekend

I found an old leather jacket in the back of a closet recently. It’s a vintage item in fantastic shape — except for a huge tear in one of the front pockets. Two clothing donation centers rejected it, so I decided to see if it’s worth repairing. It was pricey when new, but with some

Dmytro Bilash Contributor The EU will invest €13.5 billion in research and innovation for 2023-2024 as part of the Horizon Europe program. For the first time in the program’s history, it will include targeted support for Ukraine. This is one of the first real steps toward Ukraine’s integration with the EU and I can’t be

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. On the one hand, we could be upset that Punxsutawney Phil saw his shadow, but the sun hasn’t come out where Christine lives for several days, so she’s pretty stoked that wherever

61% of SaaS companies used UBP in some form in 2022 Anna Heim 8 hours Usage-based pricing (UBP) is on the rise — 61% of SaaS companies used this model in some form in 2022, VC firm OpenView found out. UBP consists of charging based on how the service or product is consumed, not on

New School Foods said its muscle fiber and scaffolding technology to produce whole-cut fish alternative products is now at a point where it can be demonstrated and a pilot facility built. The company’s first product is a plant-based filet that looks, cooks, tastes and flakes like wild salmon. The announcement comes after the Toronto-based plant-based

Lex, the hookup and social app that launched in 2019 with a nod to lesbian personal ads from the ’80s, is changing. Only, precisely how much will change is still an open question. Sure, the venture-backed startup behind the queer app gave it a new lick of paint last week, but in refocusing on “friends

Atomic AI, which uses machine learning to explore the potential of RNA in drug discovery, raised a $35 million series A round. They have developed a machine learning model that can accurately predict the structure of RNA molecules based on a limited set of data. They have since improved their model and are using it

“We think it will be the best place to invest,” said the Tiger Global partner. Manish Singh 10 hours Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, projecting high confidence in the key overseas nation even as

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. As January is coming to a close, the TechCrunch team is firing on all cylinders (do we still say that, in a time of electric cars? What is a better expression these

If you thought egg prices were out of control, the SaaS inflation rate is outpacing the rest of the economy. In the U.S., SaaS expenses are growing 3.5x faster than market inflation. In Australia and the UK, that rises to 5x, according to Eldar Tuvey, founder and CEO of Vertice. “If cutting SaaS costs is

As venture capital investments slowed down in 2022, some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always easy to understand. Finley CEO Jeremy Tsui told TechCrunch that private credit is a $1.2

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Kicking off the week, we’ve been thoroughly enjoying Runa Sandvik’s story about how U.S. police use digital data to prosecute abortions in our post-Roe-v.-Wade world. The TL;DR is that healthcare in the

Despite continuing talk about a possible recession, slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. After slowing way down last spring, venture outfits disclosed a stunning $8 billion in new capital commitments in the span of just five days. Consider the following: NEA

PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month financial year period ending in March last year. PhonePe, which is valued

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 week.

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Sometimes, due to the nature of the startup game, we over index on “the new.” Companies want to build for the pain point you never

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Szkutak took the mic to talk through breaking news, retrospective features and all the blogosphere content that fits in between. Shout-out to Theresa and Andrew for putting together

You may not have known that space needs tugboats, but now you do — and Atomos Space just closed a $16.2 million Series A investment, which will enable the company to complete its demonstration mission where it will show off its docking and towing capabilities. The company is building a series of Orbital Transfer Vehicles

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Well, it’s Friday again. And as the Equity pod team noted today, “You could be Wasted and not even know it.” — Christine and Haje The TechCrunch Top 3 The search for

When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately held startup. Defending that valuation appears to be challenging. The fintech company has reportedly approached investors about raising more capital — at least $2 billion — at a

Chroma, a startup working to build a new type of audiovisual entertainment specifically for mobile devices, is now adding a Twitter co-founder to its board. The company announced today that Twitter and Medium co-founder Biz Stone, previously an angel investor in Chroma alongside Pinterest’s founders, will join the company’s board of directors to contribute his

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Did you know you can buy 3D printed key caps to replace, say, your escape key with a cat? Today, that’s our delightful little morsel of whimsy, courtesy of Frederic’s review of

New Enterprise Associates, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion. The two-fund structure is a first that begets another first for the 45-year old firm: TechCrunch has learned that NEA has filed to be

Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with rising costs amid the market downturns. Walmart spent about $780 million earlier this month to the Indian tax authorities after PhonePe, in which

There was a brief, beautiful moment for a few months in 2021 when it felt like robotic investments might be immune from broader market forces. We all fundamentally and implicitly understood this to not be the case, but it was a nice moment nevertheless. Truth is, there was a bit of insulation in there. There