Venture capitalists often mutter, “I haven’t seen anything I like lately”. Founders frequently complain that “investors are back-seat drivers who won’t get their hands dirty.” A $55 million fund with a fresh approach is aiming to address both those problems. Steve Jang and Kanye Maquebla are two exceedingly smart and sweet guys who couldn’t help
Chalk up another win for European data protection: Microsoft has announced changes to commercial cloud contracts following privacy concerns raised by European Union data protection authorities. The changes to contactual terms will apply globally and to all its commercial customers — whether public or private sector entity, or large or small business, it said today.
BBQ legend Weber is getting into the connected cooking game with their new SmokeFire grill, which uses wood pellets for fuel and which incorporates technology developed by Weber in partnership with appliance startup June for WiFi-enabled smart cooking. The SmartFire grill, which will be available for pre-order in the U.S. starting on Cyber Monday and
Looks like there’s still money to be made in news aggregation — at least according to the investors backing the news app SmartNews. The company is announcing the close of a $92 million round of funding at a valuation of $1.2 billion. The funding was led by Japan Post Capital Co. and ACA Investments, with
The world has gotten so much faster. Amazon has made two-day shipping the standard and same- or next-day shipping commonplace. And that doesn’t even include the collection of on-demand players who can get us everything from groceries to alcohol to services like concierge storage and in-home cleaning with the press of a button. But the
We’re one month out from Disrupt Berlin (11-12 December) and no matter which part of the startup ecosystem you inhabit, Disrupt Berlin is a huge opportunity to learn, network and gain inspiration. Consider these five reasons why you should buy a pass to Disrupt Berlin and join thousands of founders, investors and technologists for two
MMC Ventures, the London-based VC that typically invested at Seed and Series A via the various funds it manages, has launched a new £100 million “Scale Up” fund to provide expansion capital to its later-stage portfolio companies. This is a move we are seeing a number of early-stage European VCs make, such as LocalGlobe with
Ride-hailing service Heetch has added a new investor to its $38 million Series B round. AfricInvest is investing another $4 million in the startup — in total, Heetch has raised a $42 million Series B round. Previous investors in the Series B round include Cathay Innovation, Idinvest and Total Ventures. Heetch first started as a
Northzone, the European VC firm that’s probably best-known for being an early backer of Spotify, has raised a new $500 million fund, which it claims was oversubscribed and will reach its final close imminently. Dubbed “Northzone IX,” the new fund pretty much represents business as usual for Northzone and will be used to invest primarily
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. What are developers talking about? What do app publishers and marketers need to know? How are politics impacting the App Store and app businesses? And which
Stephen Eaves, the chief executive of a new startup that promises to overlay data on electricity distribution, has spent years developing data management technologies. Eaves’ first company, the eponymous Eaves Devices, focused on energy systems in aerospace and defense — they converted the military’s fleet of B2 bombers to use lithium ion batteries. The second
The ban on political ads announced by Twitter two weeks ago has come into effect, and the rules are surprisingly simple — perhaps too simple. No political content as they define it may be promoted; Candidates, parties, governments or officials, PACs, and certain political nonprofit groups are banned from promoting content altogether. The idea intended
Last year, Adobe, SAP and Microsoft came together and formed the Open Data Initiative. Not to be outdone, this week, AWS, Salesforce and Genesys, in partnership with The Linux Foundation, announced the Cloud Information Model. The two competing data models have a lot in common. They are both about bringing together data and applying a
Trite as it may sound, all good things must come to an end. And the good thing that’s about to come to a grinding halt is early-bird pricing on passes to Disrupt Berlin 2019. You have mere hours to save — the deadline strikes tonight at 11:59 p.m. (CEST). You can save up to €500, but
Silicon is apparently the new gold these days, or so VCs hope. What was once a no-go zone for venture investors, who feared the long development lead times and high technical risk required for new entrants in the semiconductor field, has now turned into one of the hottest investment areas for enterprise and data VCs.
Earlier this year, GetYourGuide raised a gigantic $484 million funding round with SoftBank’s Vision Fund leading the round. Now that the German startup has reached a valuation well over the $1 billion mark, it’s time to look back at the company’s impressive trajectory. That’s why I’m excited to announce that GetYourGuide co-founder and CEO Johannes
London edtech startup pi-top has gone through another round of layoffs, TechCrunch has learned. pi-top confirmed that eight jobs have been cut in the London office, saying the job losses resulted from a “restructuring our business to focus on the U.S. education market”. In August we broke the news that the STEM hardware focused company
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. TikTok tests social commerce The short-form video app said it’s allowing some users to add links to e-commerce sites (or any
“5 months and growing strong” the Libra Association announced today in an post about its technical infrastructure that completely omits the fierce regulatory backlash to its cryptocurrency. 40 wallets, tools, and block explorers plus 1,700 Github commits have how now been built on its blockchain testnet that’s seen 51,000 mock transactions in the past two
When Salesforce announced this week that it was moving Marketing Cloud to Microsoft Azure, it was easy to see this as another case of wacky enterprise partnerships. But there had to be sound business reasons why the partnership came together, rather than going with AWS or Google Cloud Platform, both of which are also Salesforce
Image search engine Giphy bills itself as providing “fun and safe way” to search and create animated GIFs. But despite its ban on illicit content, the site is littered with self-harm and child sex abuse imagery, TechCrunch has learned. A new report from Israeli online child protection startup L1ght — previously AntiToxin Technologies — has
Lazard, the global investment bank, has been quietly recruiting a ten-person team in London to head up its newly created “Venture and Growth Banking” division to match investors with European scale-ups. Unlike some investment banks, the focus of Lazard Venture and Growth Banking will include Series B and C. That’s earlier than many startups typically
Ford is officially debuting its fully electric crossover SUV on Saturday, November 17 – but we got a look at the new Mach-E (which was just officially named yesterday) a couple of days early. The leak comes from Ford’s own website, as screenshotted for posterity by Jalopnick, and includes photos of most angles of the
SoftBank’s Vision Fund has single-handedly changed the game when it comes to tech startup investment. And that’s why I’m excited to announce that SoftBank Vision Fund investment director Carolina Brochado is joining us at TechCrunch Disrupt Berlin. Carolina Brochado isn’t a newcomer when it comes to VC investment. She’s worked for years at Atomico in
TikTok is beginning to dabble in social commerce. The short-form video app said it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as well as offer creators the ability to easily send their viewers to shopping websites. The company said the roll-out of
In the world of enterprise software, there are often strange bedfellows. Just yesterday, Salesforce announced a significant partnership with AWS around the Cloud Information Model. This morning, it announced it was moving its Marketing Cloud to Microsoft Azure. That’s the way that enterprise partnerships shimmy and shake sometimes. The companies also announced they were partnering
E-commerce accounts for around 11% of all retail sales in the U.S., but it’s growing much faster than brick-and-mortar sales, going up 14.8% this year versus a mere 1.9% for physical retail, according to eMarketer. So to better compete today and in the future, retailers are now investing in more advanced tools not just to
Lyft is making 200 new long-range EVs available to rideshare drivers as part of its Express Drive program, the company revealed today. Express Drive is a program that Lyft offers to provide rental cars to drivers on its platform, as an alternative to options like long-term leasing. Express Drive members get unlimited miles, as well
Back in September, endurance events marketplace Let’s Do This (a YC alumni) raised a $5m seed round from a number of US investors, including Olypmic star Usain Bolt and tennis star Serena Williams. As much as I’d like to get excited, this is slightly par for the course for a lot of sports-oriented startups which
Instagram is making Like counts private for some users everywhere. Instagram tells TechCrunch the hidden Likes test is expanding to a subset of users globally. Users will have to decide for themselves if something is worth Liking rather than judging by the herd. The change could make users more comfortable sharing what’s important to them