Tech unicorns look to IPOs as Lemonade, Accolade increase – Startups
A whole bunch of tech-oriented startups value a billion or extra {dollars} had envisioned profitable public choices earlier than the pandemic hit. However new tech listings slowed to just about nothing this spring as corporations have tried to regulate to the...
‘There’s a stage of resiliency in Silicon Valley that we didn’t have 10 years in the past’ – Startups
Earlier this week, GGV Capital’s Jeff Richards and Hans Tung joined TechCrunch for an Additional Crunch Stay session. Throughout our hour-long chat, we touched on startup profitability, the worldwide enterprise capital scene, why GGV doesn’t have an workplace...
US plans to rollback particular standing could erode Hong Kong’s startup ecosystem – Startups
For 2 months, the folks of Hong Kong waited in suspense after China’s legislature authorized a brand new nationwide safety legislation. The laws’s particulars have been lastly made public yesterday and virtually instantly went into impact. As many Hong Kong...
Meet BukuWarung, the bookkeeping app constructed for Indonesia’s 60 million “micro-merchants” – Startups
In Indonesia, there are about 60 million “micro-merchants,” usually small retailer house owners who promote meals and different staple objects, and have shut relationships with their prospects. Many usually lengthen casual strains of credit score to customers,...
Andela, which builds engineering groups tapping African expertise, goes fully-remote and opens to the broader continent – Startups
Within the wake of the COVID-19 pandemic, distant working has grow to be the secret for information employees within the tech business. Right now, a startup that was an early mover on the chance of that mannequin is asserting some information to double down on...
Daimler-backed Momenta says its robotaxis will likely be totally driverless and worthwhile in 2024 – Startups
In China and the U.S., there’s a lot debate about when and the way people will obtain totally autonomous robotaxis at scale — automobiles that chauffeur passengers below complicated highway circumstances with out security drivers behind the wheel. Many items...
Scotts Miracle-Gro will get into the enterprise capital enterprise with a $50 million fund, as a result of it’s 2020 – Startups
Scotts Miracle-Gro, the garden care and fertilizer big that has opened up a secondary enterprise as a pioneer in hashish and hemp cultivation, is launching a $50 million company enterprise capital fund referred to as1868 Ventures. Is it unusual {that a}...
US visa freeze is newest cause to construct remote-first – Startups
Editor’s be aware: Get this free weekly recap of TechCrunch information that any startup can use by e mail each Saturday morning (7am PT). Subscribe right here. Whereas the US tech trade relentlessly tries to do enterprise with the remainder of the world, this...
TuSimple in search of $250 million in new funding to scale self-driving vans – Startups
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 provider Mando Company, is headed again into {the marketplace} searching for new capital from traders. The corporate has employed funding financial institution Morgan Stanley to...
Mary Meeker’s Bond backs Indian on-line studying startup Byju’s – Startups
Indian on-line studying startup Byju’s has practically doubled its valuation in a yr because it provides yet another high-profile identify to the listing of its backers: Bond. In a press release on Friday, Bangalore-based Byju’s stated it had raised an...
Tech IPOs getting mispriced, as Lemonade and Agora double in debuts
Know-how is shifting at warp velocity through the coronavirus pandemic, however the IPO course of is caught in place.For a second straight week, a tech firm has greater than doubled in worth upon its inventory market debut. Final week, it was Chinese language...
When life offers you lemons, print cash with Lemonade – Enterprise Capital
Hi there and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines. Earlier than we dive in, don’t overlook that the show is on Twitter now, so observe us there if you wish to see...
Flex CEO Revathi Advaithi – Enterprise Capital
Uber has a brand new, impartial board member, exhibits a brand new SEC filing: CEO Revathi Advaithi of 51-year-old Flex, which is among the many world’s largest digital producers and competes towards Taiwan’s Foxconn Expertise. Advaithi, a mechanical engineer...
Pupil-led accelerator Envision is shaking up which startups get funded – Enterprise Capital
Meet Envision, a brand new startup accelerator. The group, constructed and run by a group of scholars and up to date graduates, simply closed the appliance course of for its first cohort of startups. Its objective isn’t merely to seek out some corporations and...
Sophia Bendz is leaving Atomico to affix Berlin-based seed agency Cherry Ventures – Enterprise Capital
Extra personnel adjustments in European early-stage VC, this time it’s the newest profession transfer of former Spotify world director of promoting Sophia Bendz, who's leaving Atomico to affix Berlin’s Cherry Ventures. TechCrunch understands that the total...
Capital raises $9M for its AI-based ‘capital as a service’ funding platform for startups – Enterprise Capital
In 2019, within the US alone, greater than 10,000 startups raised more than $133 billion in venture funding, with a big proportion of that fairness investments. At the moment, an organization constructing a platform to assist startups think about various routes...
Artlist raises $48M led by KKR for its royalty-free music, video and sound impact library – Enterprise Capital
Prefer it or detest it, video has confirmed to be essentially the most partaking of all mediums throughout the net, and at this time an organization out of Israel referred to as Artlist — which supplies royalty-free libraries of music, sound results and even...
Agora begins life as a public firm by greater than doubling to $50 a share – Enterprise Capital
Shares of Agora, a China and U.S.-based “real-time engagement” API firm, soared at the moment after it went public. Yesterday Agora priced 17.5 million shares at $20 apiece, up from its goal vary of $16 to $18 per share. The agency raised $350 in its debut, or...
Alexis Ohanian is leaving Initialized Capital – Enterprise Capital
Reddit co-founder Alexis Ohanian is leaving Initialized Capital, the funding agency he co-founded in 2011 with Garry Tan, as first reported by Axios and confirmed by TechCrunch. The transfer comes weeks after Ohanian publicly stepped down from the Reddit board...
Salesforce invests in safety vendor Tanium at $9 billion valuation
Salesforce's enterprise arm, which has emerged as among the many most energetic company enterprise teams in know-how, is investing in Tanium in a funding spherical that values the safety software program vendor at $9 billion.The funding, announced on Thursday,...
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...