Driverless truck developer TuSimple debuts on Nasdaq
The Chinese startup raised US$1.1 billion at a market capitalization of US$8.5 billion and ended the trading day unchanged. Source link
Online bank N26 jumps into insurance, taking on giants like Allianz
German online bank N26 has launched an insurance service.N26LONDON — German digital bank N26 is getting into insurance.The Berlin-based fintech said Thursday that it's launching insurance policies for smartphones in partnership with local start-up...
China’s Xpeng in the race to automate EVs with lidar – Startups
Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar. China’s Xpeng begs to differ. Founded in 2014, Xpeng is one of China’s...
Grover raises $71M to grow its consumer electronics subscription business – Startups
A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. Grover, a Berlin-based startup that runs...
Tiger Global goes super aggressive in India – Startups
Recent roars from an investment firm, credited to put Indian startups on the global map in the past decade and a half, are turning local young firms into unicorns at a pace never seen before in the world’s second largest internet market. Tiger Global has...
This startup summer could be blistering – Startups
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Ready? Let’s talk money, startups and spicy IPO rumors. The...
Singapore gov’t investment unit joins $8.1m round in telemedicine startup
WhiteCoat says that in 2020, it recorded an 8x increase in revenue and a sevenfold surge in consultation figures. Source link
Weekly update: Indonesian logistics firm J&T Express’ $2b round leads the chart
Keep track of all the startup investment activities in Asia through our weekly funding list. Source link
TrueLayer raises $70M for its open banking platform – Startups
TrueLayer, the London startup that offers a developer-friendly platform for companies, including other fintechs, to utilise open banking, is disclosing $70 million in new funding. The Series D round is led by new investor Addition. Existing investors, including...
Warren Buffett-backed BYD sells more electric cars March vs Nio Xpeng
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.Evelyn Cheng | CNBCBEIJING — Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in...
Google Earth gets an update – Venture Capital
Google Earth gives users a new look at a changing planet, Facebook tests new business discovery features and Autodesk acquires Upchain. This is your Daily Crunch for April 15, 2021. The big story: Google Earth gets an update Google is describing this as Google...
Indian micro VC iSeed secures $15m as part of second fund
Called iSeed II, the fund will look to invest in 50 startups with ticket sizes of US$100,000 to US$250,000 during seed stages. Source link
Spotify unveils an in-car entertainment system – Venture Capital
Spotify wants to have a bigger presence in your car, Apple hints at iPad-centric announcements and Microsoft’s new Surface Laptop goes on sale. This is your Daily Crunch for April 13, 2021. The big story: Spotify unveils an in-car entertainment system Spotify’s...
VinaCapital Ventures founding partner’s VC firm hits first close of inaugural $50m fund
Touchstone is founded by Khanh Tran, former founding partner of Vietnam's VinaCapital Ventures, and serial entrepreneur Tu Ngo. Source link
Venture funding soars to record $64 billion in Q1, Ernst & Young says
Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk's SpaceX, leading to a record quarter for U.S. venture funding.Venture-backed companies raised $64...
Let’s talk about gaslighting and fundraising – Venture Capital
“Most of the startups I give advice to about how to raise venture capital shouldn’t be raising venture capital,” an investor recently told me. While the idea that every startup isn’t venture-backable might run counter to the narrative to the barrage of funding...
Wonder Dynamics raises $2.5M seed to equip indie filmmakers with AI-powered VFX – Venture Capital
Practically every film production these days needs some kind of visual effects work, but independent creators often lack the cash or expertise to get that top-shelf CG. Wonder Dynamics, founded by VFX engineer Nikola Todorovic and actor Tye Sheridan, aims to...
Days Go By – Venture Capital
You may ask yourself, say the Talking Heads. What is this thing working from anywhere? Or as Google says, work from right here in the office. As the vaccines roll on out, some of us are just not ready for returning to normal. On this edition of the Gillmor...
Indonesian agritech is pandemic-proof, but here are the warning signs
Not many venture capital firms are interested in agritech in Indonesia. Source link
Facebook faces questions over data breach – Venture Capital
European regulators have questions about a Facebook data breach, Clubhouse adds payments and a robotics company has SPAC plans. This is your Daily Crunch for April 6, 2021. The big story: Facebook faces questions over data breach A data breach involving...
Entrepreneurs Programme Attracts Robust Startups price US$50m
NEXEA Angels Sdn Bhd (NEXEA), a Malaysia-based start-up investment company launched the Entrepreneurs Programme on 19th May 2020, in collaboration with the Malaysia Digital Economy Corporation (MDEC). It aims to bring together exclusive private groups of CEOs of local...
India’s Zomato to chop 13% of workers
The meals supply startup's CEO and founder Deepinder Goyal additionally proposed a short lived pay minimize for all the firm. Source link
Luxurious consignment retailer The RealReal lays off 10% of workforce, furloughs 15% – TechCrunch
On-line consignment firm The RealReal is the newest tech firm to put off and furlough staff amid the COVID-19 pandemic. Within the firm’s quarterly earnings report immediately, The RealReal introduced layoffs affecting 10% of its workforce and furloughs...
Ooni’s Koda 16 pizza oven is the uncommon kitchen gadget that delivers on its promise – TechCrunch
Ooni (nee Uuni), has been round for a couple of years now, however its newest oven, the Koda 16, launched in March. Identical to everybody else, I’ve been cooped up at dwelling for weeks with nothing however the entire tasks I'd get round to at some point. On...
Payments company 2C2P launches VC arm
The new entity, called 2C2P.VC, will focus on fintech opportunities across Southeast Asia. Source link
(Up to date) 2C2P units up VC arm to make strategic funding in funds corporations in Southeast Asia
(This text has been up to date with new particulars from 2C2P) Singapore- and Bangkok-headquartered funds processing firm 2C2P has established a VC arm to make strategic investments in funds and associated sectors. With the launch of 2C2P.VC, the fintech firm...