The 2022 perspective that startups should cut their losses and chart a clearer path to profitability does not only apply to upstart tech companies. After a multiyear spending binge, larger technology companies are also pulling back on costs. For some major tech concerns, the cuts have come in the form of explicit layoffs and staffing
On November 22, alternative financing startup Pipe announced that its three co-founders were stepping down from their executive roles and that a search for a new, “veteran” CEO had commenced. In an exclusive interview, co-founder and former co-CEO Harry Hurst told TechCrunch that the trio were “0-1 builders, not at-scale operators.” He said the company’s
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of this $50 billion industry — these systems can be rather expensive and do not adequately cater to their needs; thus, they stick with running operations
You wouldn’t drive a car or fly a plane if the only controls you had available were on/off switches for left and right or up and down, and yet that’s pretty much what gamers are stuck with when they control their virtual avatars with their keyboards. U.K. startup Peratech wants to change that with a
If your favorite music festival’s lineup didn’t live up to your expectations this year, don’t worry; a new app called Instafest will create a music festival poster for you based on your Spotify listening habits. The free web app, created by developer Anshay Saboo, is pretty straightforward to use: sign in with your Spotify account,
If it seems like Post News launched overnight, that’s because it kind of did. Unlike Mastodon, Hive Social, or other existing social networks being flooded with dissatisfied Twitter users, Post News emerged two weeks ago. The platform was rushed into a live beta, since its team wanted to go public in a time when the
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Right on time for its annual post-Thanksgiving re:Invent festivities in Las Vegas, AWS last night announced its “AWS Digital Sovereignty Pledge” — and before you click away, let me just point out that this is definitely more important than the prosaic name implies. As nations across the globe introduce legislation that governs how and where
In September, Apple launched the Apple Watch Ultra, which is not only waterproof to 100 meters (330 feet) in depth, but can also be used as a dive computer with the help of a companion app developed by Huish Outdoors. The app launched officially today, but we took a pre-release version of it into the
It isn’t like Instagram is a beacon of truth as it is, but things are about to get a lot worse, as Nufa takes any image and sculpts you into the “after” picture dream that every gym owner wants to project into our souls as they continue on their mission to make us all look
Henry Shapiro Contributor Henry Shapiro is the co-founder of Reclaim.ai, an intelligent calendar assistant platform used daily by over 14,000 companies. Prior to founding Reclaim, Henry led product and marketing at New Relic. More posts by this contributor 3 lessons we learned after raising $6.3M from 50 investors As a startup founder, you have no
India’s VerSe Innovation — the $5 billion Indian startup behind news aggregator Dailyhunt, short-video platform Josh, and hyperlocal video app PublicVibe — has cut 150 employees, or 5% of its workforce of 3,000, TechCrunch has learned and confirmed. The Bengaluru-based startup informed impacted employees on Friday and separately held a town hall meeting on Monday
Denmark-based venture fund BackingMinds, founded in 2016, likes to think it takes a different approach to venture in Europe. Its new €50 million fund will aim to take a road less travelled by most VCs, looking “for the blind spots” traditional venture capital can often miss because of typical VC herd behaviour (such as investing
Oceanic+, developed by Huish Outdoors, made a splash at this year’s Apple Fall Event in September, when Apple pulled a surprise new watch out of its proverbial hat, the Apple Watch Ultra. One of the surprises was that the $800 watch is rated for recreational scuba diving, enabling owners to take it underwater to 40
Folks often ask if Crunchbase and TechCrunch are still the same company (nope). Many express surprise that AOL was once this publication’s sole parent (yep). The saga of Who Owns TechCrunch is actually somewhat interesting. Various corporate developments over the last decade saw TechCrunch trade hands several times, including our most recent ejection from Verizon
Bloomberg’s Sonali Basak joins Caroline Hyde and Ed Ludlow to discuss how digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit in the wake of the FTX debacle. Plus, the latest in the FTX case.
There are a lot of talented people, like chefs and musicians, in Southeast Asia who can earn money through their work online, says TipTip founder Albert Lucius. But many of them don’t have the social media clout to attract advertisers. TipTip wants to help them build up followers in their communities using an offline/online strategy,
Amie raised a $7 million seed round led by Spark Capital. The round closed in June 2022 and the startup is disclosing it today. The company is building a productivity app anchored around your calendar. It helps you stay on top of your schedule, connect with your team and manage your upcoming tasks. Other investors
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. Investors these days want to see not only growth, but also a path to profitability — and it isn’t always easy for venture-backed startups
Sylvain Kalache Contributor Sylvain Kalache is the co-founder of Holberton, an edtech company training digital talent in more than 10 countries. An entrepreneur and software engineer, he has worked in the tech industry for more than a decade. Part of the team that led SlideShare to be acquired by LinkedIn, he has written for CIO
Visa and Mastercard payments are convenient for customers, but can cost merchants high processing fees. Atoa Payments wants to provide a cheaper alternative that is still easy for customers to use. The London-based fintech announced today that it has raised $2.2 million in pre-seed funding. The round was led by Leo Capital and Passion Capital,
It hasn’t been a kind year for blockchain-based startup activity. In addition to an asset-price correction during a general venture capital slowdown, web3-focused tech upstarts have also had to deal with a series of intra-industry crises that have, at times, dominated technology headlines. The Terra/Luna mess comes to mind. As does the meltdown of Three
Back in January, Natasha covered Juro’s Series B round, which added $23 million to its coffers. Juro aims to put an end to contract negotiation madness, moving the workflows out of Microsoft Word and a handful of other sub-par tools to an all-in-one, web-based platform for contract negotiation-to-signature workflow. It seems like a very good
There are a few sources of power that are “free” here on Earth, namely wind, solar, hydro, and geothermal. Humans have been tapping hydro and wind for millennia, and we’re getting pretty good at harnessing the power of the sun. But with geothermal, we’re still not expertly exploiting the heat that’s generated deep within the
The US has had solo VC fund managers for many years but the trend is only just starting to catch on in Europe. One of the newest is Underline Ventures, started this year by Bogdan Iordache in Romania. His career trajectory towards being a Solo GP fits the profile: a former entrepreneur, a key player
Brace for yet another expansion to the UK’s Online Safety Bill: The Ministry of Justice has announced changes to the law which are aimed at protecting victims of revenge porn, pornographic deepfakes and other abuses related to the taking and sharing of intimate imagery without consent — in a crackdown on a type of abuse
Many startups are overvalued. But because they are also well-stocked with cash, they haven’t had to raise new funding at a lower or flat valuation — yet. However, new data from Carta found that cracks are starting to show. Startup equity infrastructure platform Carta found that a record number of startup employee stock grants — which