Accel is rolling out a new, $4 billion late-stage fund, just as certain rivals lose momentum – Startups
Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 billion in capital commitments. The fund, which closed last week, would be notable in any...
Max Q: Space ‘Xed – Startups
Hello and welcome back to Max Q. This issue is very, very, very SpaceX heavy. Depending on how you feel about the company, you’ll either love or hate it! In this issue: SpaceX employees share open letter on Elon Musk, promptly get fired Meanwhile, SpaceX clears...
India’s CityMall cuts 191 jobs following $75 million fundraise in late March – Startups
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversal in the markets. The Gurugaon-headquartered startup, which...
Imagine a world where cancer weren’t so terrifying
Also: MegaRobo, UpGrad, Pixellot, and more startups raised funding. Source link
Layoffs hit crypto and real estate tech particularly hard this week – Startups
Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19!...
Indian esports fantasy startup FanClash raises $40 million – Startups
Millions of Indians each year assemble virtual sports teams, placing their hopes on the players they pick to perform exceedingly well in real-world matches. If the predictions are right, users make money. FanClash, a two-year-old Indian startup, is attempting...
Tracking layoffs across Asia’s startup ecosystem (Updated)
Several startups are dismissing staff to stay afloat as headwinds hit Asia. This layoff tracker is keeping tabs on marching orders. Source link
Indian ecommerce roll-up acquires smart wearables startup
The deal will help Pebble expand its digital footprint via Mensa Brands' reach in India and international markets. Source link
Electric Last Mile Solutions to file for bankruptcy – Startups
Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solutions, which went public in June 2021 through a $1.4 billion...
Apple could gain ground against Microsoft Windows with M2 chips
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference.Justin Sullivan | Getty ImagesApple's new...
3 tips for biotech startups seeking non-dilutive capital to survive the downturn – Venture Capital
James Coates is the Health and Human Performance principal at Decisive Point, a venture capital and advisory firm that invests in and supports startups with emerging defense technologies. Future-proofing the finances of your biotech startup through a market...
LocalGlobe becomes Phoenix Court Group, hits $500M first close for new funds, adds an Impact twist – Venture Capital
Saul Klein is a busy man. As co-founder, with his father Robin, of LocalGlobe, one of the longest-running VCs in Europe, he has overseen a wide range of initiatives – among other things the pair are passionate investors and philanthropists in LocalGlobe’s HQ’d...
Why did Brex really decide to ditch SMBs? – Venture Capital
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the...
Why the $2 trillion crypto market crash won’t kill the economy
Francesco Carta Fotografo | Moment | Getty ImagesCarnage in the crypto market won't let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing...
Citing ‘overreaching activism,’ SpaceX reportedly fires workers who decried Musk’s behavior – Venture Capital
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. There we go, today it’s Friday! We’re planning to spend some quality time with a headset and a collection of amazing TechCrunch...
SpaceX employees blast Musk’s tweets as a ‘source of distraction and embarrassment’ – Venture Capital
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. It’s Fridaa… wait, Thursday? Come on, will this week ever end? Don’t worry, we are all right, just looking forward to our...
A field guide for startup board members in an up-and-down market – Venture Capital
Brad Feld, a venture capitalist of 25 years an author of several books, has just republished a book that first came out in 2013 and to which Feld, with the help of coauthors Matt Blumberg and Mahendra Ramsinghani, has added quite a bit for this new, second...
Coinbase will reduce its workforce by 18% to ‘stay healthy during this downturn’ – Venture Capital
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. It’s June 14, 2022, and while we’re casually putting together the Daily Crunch newsletter, Bill Gates is chilling at the next...
Maverick’ sells to Spotify for undisclosed sum – Venture Capital
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. June 13, 2022. You know what that means: It’s Monday! Whether the word fills you with dread or delight, Monday is securely...
Investors show Latin American fintech startups the money – Venture Capital
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Greetings from Austin, Texas, where the temps have been over 100 degrees for days now and we’re trying hard just not to melt. The global...
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