Fundings and Exits

Recurring revenue as an asset class is a relatively new concept, and made more popular by startups such as Pipe, which has built a marketplace connecting investors to companies with businesses that have predictable, recurring revenues. While Pipe has gone on to so far raise over $300 million and was valued at $2 billion last

Good Startup founders Gautam Godhwani and Jayesh Parekh Good Startup, a Singapore-based venture capital firm focused on alternative protein, has closed its latest fund. Consisting of $34 million, the new fund, called Good Protein Fund I, included participation from Vinmar International founder and chairman Vijay Goradia; former head of finance and strategy for Fidelity Investments

Remote hiring company Deel has raised $50 million at a $12 billion valuation, according to an Axios report. Axios’ Dan Primack broke the news this morning, citing anonymous sources. He wrote that “new investors include Laurene Powell Jobs’ Emerson Collective, while existing company backers include Andreessen Horowitz, Spark Capital and Y Combinator.” To say that

Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured. The startup also has its eyes on the growing e-commerce market in East Africa, with the long-term goal of

Consumers in every country are getting squeezed on all sides. Globally, sluggish wage growth and rising inflation has encouraged shoppers to defer payments on everything from groceries to durable goods. Affirm, Afterpay and Klarna own 75% of the sector in the U.S., which leaves little room for startups hoping to join the fray. Founders who

Construction tech is one of those sectors that has not historically been considered “sexy” in a startup world that often favors glitzier technology. But construction fuels the commercial and real estate industries, which in turn impacts all of us in one way or another. Historically, the industry has been reluctant to embrace technology, but as

Hannah Life Technologies, a startup for couples trying to conceive, announced today it has raised $5.15 million in pre-Series A funding led by Monk’s Hill Ventures. Other investors include Golden Gate Ventures, Anthro Ventures, and medical technology entrepreneur Dr. Jack Wang. The funding comes about 18 months after the company raised seed funding from Y

By now you may be tired of stories detailing the bad news in the market. Too bad! More are coming. If the deluge of negative headlines feels like a pile-on, recall that in 2020 and 2021, TechCrunch obsessively covered the technology, startup and venture capital markets’ various excesses; to not cover the party’s comedown would

Startup and unicorn clarity cometh, just at the price of everything Alex Wilhelm 7 hours It’s a nasty day for asset prices. Around the world, the stock market is selling off. Here in the United States, shares are following suit in early-morning trading. Tech stocks are taking fresh blows, and sentiment among the investing classes

Atma, an Indonesian startup that wants to make job hunting less painful, announced today it has raised $5 million in pre-seed funding led by AC Ventures, with participation from Global Founders Capital. Strategic investors in the round included founders and executives from GoTo Group, Advance Intelligence Group, Ula, Lummo, Kopi Kenangan, Sampoerna Strategic, MMS Group

Hi all, it was a roller coaster of a week in the world of fintech as I published two separate articles on startup layoffs and a nine-figure funding round in the span of a few hours. It was also a week filled with lots of activity on FinTwit, or “Financial Twitter,” as it’s more formally

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 you start a project, it’s easy to get caught up in it. Then time passes and suddenly it’s been a half decade. Equity, a podcast I got

Canadian digital bank Neo Financial has raised $145.2 million (CAN$185 million) after surpassing the 1 million customer mark, the company announced today. Valar Ventures led the investment, which brings Neo’s total funding to $234.7 million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 million. In Canadian dollars, this means that

When we last checked in with AI-powered captioning service Ava, they had just raised a seed round and it was six months into a pandemic that would reshape how we all work together. Eighteen months later they have investors banging on their door following huge growth, and aim to keep showing the tech industry how

Since the pandemic began, the percentage of American workers who have quit their jobs has reached a 20-year high. A Pew Research poll gathered their top three reasons: Not making enough money No opportunities for advancement Tired of unfair/disrespectful treatment Companies no longer compete on the basis of salary and benefits. Prospective hires are explicitly

Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor As Dropbox heads into earnings, it desperately needs a win Here’s how far startup valuations fell in Q1 2022 The leading story in technology-land this morning is the multi-billion dollar exit

Former investment banker Khaled Jalanbo was working with emerging artists when he encountered an entrepreneur who pointed out the similarities between working with artists and startup founders. “When you get picked up by a good institution or a good leader, or represented by a good gallery, all of a sudden there’s more demand for people

As startups look for corporate suitors, we predict a record 3,000 M&As in Q2 Alex Wilhelm Anna Heim 11 hours The startup exit market has seen better days. Heck, the startup market has seen better days. After a turbulent and ultimately aggressive 2020 in venture capital terms, startups rolled into 2021 more than hot. Last

The medical world has come a long way from the traditional, centralized way of conducting clinical trials, but there’s still a lot of modernization left to do. Curebase provides the infrastructure — physical and digital — for distributed clinical trials, and will be doubling down on its success with a new $40 million funding round.

Tactic, a startup that helps businesses manage — and simplify — cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automation startup Ramp co-led the raise for Tactic, an eight-person outfit based in New York City. Elad Gil and Figma co-founder Dylan Field also participated in the

Average startup valuations are in decline, new data indicates. In March, The Exchange parsed a dataset from Carta, a unicorn whose software helps companies manage their cap table, which showed early indications that the startup valuation market was changing. A look at Carta’s full Q1 data collated by its head of insights, Peter Walker, clarifies

Meet Getlife, a Madrid-based startup that just raised $6.3 million (€6 million) in seed funding. The company wants to make it easier to access life insurance products in Europe. For instance, there’s no medical exams needed to subscribe to Getlife. There are many reasons why you would want to subscribe to a life insurance product.

As the use of AI becomes more common throughout the enterprise, the demand for products that make it easier to inspect, discover and fix critical AI errors is increasing. After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023

Lumos, a startup that wants to provide an end-to-end solution for enterprises to manage all of the SaaS apps their employees use, is coming out of stealth today. The company plans to take on the SaaS management market by combining security features like role-based access control that IT departments need with the self-service capabilities that

Truist — one of the nation’s largest financial institutions — has acquired Long Game, a 12-person fintech startup that has raised over $20 million in venture capital, executives have told TechCrunch exclusively. As of June 2021, Charlotte, N.C.-based Truist was the 10th largest bank, with $509 billion in assets. It was formed in 2019 as

Augmented reality (AR) can help customers shopping online preview products before making a purchase, and is a growing area of investment for e-commerce businesses. According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping. Now, a South Korean augmented reality

The pace at which startups raise rounds worth $100 million or greater is slowing, according to early data. Looking at historical periods stretching back a year, TechCrunch’s analysis of Pitchbook data shows Q2 2022 is on pace to undershoot the first quarter’s tally of so-called mega-rounds. And data from Crunchbase shows a similar decline. When you

Welcome to the inaugural edition of 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

Are you slouching at your desk again? There’s an app for that… Zen uses posture mirroring software to help information workers stop hunching over their desks — sending alerts when it detects you’re not sitting up straight so you can correct your posture and, hopefully, avoid a lifetime of back problems. The catch? It uses

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.  Good news! We’re not talking about crypto, Elon Musk or SaaS multiples today. We’re also not talking IPOs, global venture capital trends or the like. Instead, we’re going to