Conspiracy theories claiming a connection between 5G technology and the coronavirus have been around since the pandemic’s early days and apparently they’re still going strong. So strong, in fact, that Twitter began applying a label to some tweets about COVID-19 and 5G, encouraging users to “get the facts” about the virus. As Business Insider reported,
South Africa-based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto-enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling electricity to a
One would think it’s a given that investment strategies would change in the strange times we find ourselves. With the economy staggering and so much general uncertainty, it seems caution would be the watchword of the day, especially in the enterprise. But enterprise investors aren’t necessarily looking at what’s going on right now. As startups
Axiom, a startup that helps companies deal with their internal data, has secured a new $4m seed round led by UK-based Crane Venture Partners, with participation from LocalGlobe, Fly VC and Mango Capital. Notable angel investors include former Xamarin founder and current GitHub CEO Nat Friedman and Heroku co-founder Adam Wiggins. The company is also
Two men embodying the zenith of human villainy have admitted to making approximately a billion robocalls in the first few months of 2019 alone, and now face an FCC fine of $225 million and a lawsuit from multiple attorneys general that could amount to as much or more — not that they’ll actually end up
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Can I create a
Yesterday evening, Vroom, a digital used car retailer, priced its IPO at $22 per share, a figure that was a full $7 above the low end of its first proposed IPO price range. The venture-backed firm first proposed a $15 to $17 per-share IPO price range, which it later raised to $18 to $20 per
One of the big advantages of using the cloud is ease of deployment. For engineers, being able to dial up infrastructure resources means being able to develop without delays, but it can also lead to big bills at the end of the month if you don’t know what you’re spending. Harness wants to help with
For years now, analysts and unconfirmed reports have suggested Apple was working on transitioning its Mac line of computers away from Intel -based chips, and to its own, ARM-based processors. Now, Bloomberg reports that the company could make those plans official as early as later this month, with an announcement potentially timed for its remote
New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco.
Every founder’s biggest fear is dilution — investors constantly carving off chunks of their equity in round after round of venture financing. Founders collectively own 100% of their companies in the beginning, but it isn’t uncommon for them to own single digits after years have gone by and millions of VC dollars have flowed into
Meet Silverfin, a startup focused on accounting software. This isn’t about helping small startups handle accounting tasks themselves. Silverfin wants to build the cloud service for small and big accounting firms — Salesforce, but for accounting. The startup just raised a Series B funding round led by Hg — Index Ventures led the previous Series
While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet
Feb.05 — In this edition of “Charting Futures,” Bloomberg Intelligence’s Mike McGlone examines the performance of Bitcoin futures compared with gold and Tesla Inc. He speaks with Bloomberg’s Abigail Doolittle on “Bloomberg Markets: The Close.”
Like many working parents, Vlada Lotkina, the founder and CEO of ClassTag, wanted to be more involved in her daughter’s preschool education. A paper notice about an upcoming field trip, squeezed between messy folders in a backpack, begged for smart technology around parent-teacher communication, she recalls. Lotkina turned to other parents in the preschool class
Lemonade, a heavily-backed startup that sells renters and homeowners insurance to consumers, filed to go public today. The company (backed by SoftBank, part of the Sequoia empire, General Catalyst and Tusk Venture Partners, among others) releasing its financial results helps shed light on the burgeoning insurtech market, which has attracted an ocean of capital in
Twitter is developing a new in-app system for requesting verification, according to a recent finding from reverse engineer Jane Manchun Wong, which Twitter has since confirmed. The discovery involves an added “Request Verification” option that appears in a redesigned account settings screen. This feature is not launched to the public, Twitter says. Wong typically digs
A few days ago, the French government detailed different measures as part of its support plan for startups. France already announced a $4.3 billion (€4 billion) plan back in March. The new announcements are more about refining and adding some additional measures. The French government wanted to act quickly when it made its initial announcement
A month after TechCrunch watched, discussed and parsed the startups from Techstars’ April batch of virtual demo days, we’re back with the handy May edition. Over the past few days, TechCrunch has been catching up by watching the shared video pitches from the five presenting demo classes, including the Lisbon demo day, its Seattle batch,
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Here at Equity Monday we look at what happened over the weekend, what’s ahead, and a few recent funding rounds. As you’ll hear, we’re heading back into our normal cadence and topics, but if you do want to
Curve, the “over-the-top” banking platform that lets you consolidate all of your bank cards into a single Curve card and app, is quietly testing its planned “Klarna rival”. Dubbed “Curve Credit“, the new feature is being tested with a small number of customers ahead of a full launch later this year. It offers credit on
Spanish startup Bnext is revamping its cashback program so that you can buy from partner stores directly from the Bnext app and get some money back. The company has partnered with Button and the feature is available as an open beta. Traditional cashback portals are a bit clunky. When you find an offer that gives
Feb.20 — Virgin Galactic Holdings Inc. climbed as much as 8.2% to a record high, bucking calls from Morgan Stanley analyst Adam Jonas, who said the stock is overdue for a “modest correction.” Bloomberg’s Luke Kawa has more on “Bloomberg Markets: The Close.”
Scott Orn Contributor Scott runs operations at Kruze Consulting, a fast-growing startup CFO consulting firm. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. More posts by this contributor 15 things founders should know before accepting funding from a corporate VC What should startup founders know before
Scott Orn Contributor Scott runs operations at Kruze Consulting, a fast-growing startup CFO consulting firm. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. More posts by this contributor How to approach (and work with) the 3 types of corporate VCs Bill Growney Contributor Bill Growney, a
Oct. 5 — If you’re wondering what the future of shopping will be like, look no further than the outskirts of Reno, where a little startup called Flirtey is working on delivering packages to doorsteps with drones. They have a partnership with convenience store chain 7-Eleven and are experimenting first with over-the-counter medications to save
The tech industry has generally wished that structural discrimination would go away, while pretending that it already has. But technology can be used by anyone for anything. And so, the world has watched video after video of police brutality against Black people in a real-time stream that plays through the closing days of quarantine, culminating
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes
When Larry Liu moved to the U.S. in 2003, one of the first challenges he experienced was the lack of Chinese ingredients available in local groceries. A native of Hubei, a Chinese province famous for its freshwater fish and lotus-inspired dishes, Liu got by with a limited supply found at local Asian groceries in the
Twitter sees record downloads, Signal adds a new face-blurring feature and Facebook rethinks its approach to government-backed media. Here’s your Daily Crunch for June 5, 2020. 1. Twitter has a record-breaking week as users looked for news of protests and COVID-19 Civil unrest due to the nationwide George Floyd protests drove Twitter to a record