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Group-edited weblog about technology start-ups, particularly the Web 2.0 sector.



An interview with a leading venture capitalist  

Inspired by this Hunter Walk tweet and the ensuing chatter. TechCrunch recently sat down with Leading Investor from Well Known Firm to chat about their investing theses, the state of today’s venture capital market, and why prices are so high for early-stage startups. We’ve been hunting down Leading Investor for some time, so it’s great […]

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2021-06-23 13:53:37



TikTok's Chinese nemesis Kuaishou hits 1 billion monthly users worldwide  

It’s a big day for Kuaishou, TikTok’s largest rival in China. The Chinese short video company, known overseas for one of its video apps Kwai, announced it has sailed past the one billion monthly active user (MAU) mark. How big is that? Facebook’s MAUs stood at 2.85 billion as of March. TikTok was forecasted to […]

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2021-06-23 13:13:03



Investors' thirst for growth could bode well for SentinelOne's IPO  

SentinelOne's IPO is a fascinating debut because the company sports a combination of rapid growth and expanding losses that make it a good heat check for the IPO market.

what do you think?

2021-06-23 13:08:48



PlanetScale raises $30M Series B for its database service  

PlanetScale, the company behind the open-source Vitess database clustering system for MySQL that was first developed at YouTube, today announced that it has raised a $30 million Series B funding round led by Insight Partners, with participation from a16z and SignalFire. With this, the company has now raised a total of $55 million, according to […]

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2021-06-23 12:51:43



Emergence's Lotti Siniscalco and Retail Zipline's Melissa Wong will join us on Extra Crunch Live  

For all that’s said about fundraising and working alongside investors, rarely do we get to see founders and their investors in candid conversation with one another. Extra Crunch Live is changing that. On the weekly live show, we sit down with founders and the VCs who funded them to talk about how they came together […]

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2021-06-23 11:11:22



Pequity, a compensation platform designed for more equitable pay, raises $19M  

Diversity and inclusion have become central topics in the world of work. In the best considerations, improving them is a holistic effort, involving not just conceiving of products with this in mind, but hiring and managing talent in a diverse and inclusive way, too. A new startup called Pequity that has built a product to […]

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2021-06-23 10:25:54



Acryl Data, commercializing LinkedIn's metadata tool DataHub, emerges from stealth with $9M from 8VC, LinkedIn and Insight  

In 2019, LinkedIn’s engineering team announced DataHub, a metadata tool it had built to help it organise, search and discover insights from its vast data trove. In 2020, LinkedIn open sourced it. Now, a startup co-founded by one of the creators of DataHub and by a former senior engineer from Airbnb who helped build the […]

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2021-06-23 08:40:30



Product design expert Scott Tong will join us at TC Early Stage in July  

Thoughtful and high-quality product design is no longer optional. Gone are the days that a startup could launch with a bare-bones app or website. The demand side of the design equation has only grown — consumers are used to beautiful, intuitive products — while the supply side is struggling to keep up. How are startups […]

what do you think?

2021-06-23 08:36:20



Ford micromobility subsidiary Spin launches first in-house built e-scooter  

Spin, Ford’s micromobility subsidiary, has launched its first custom designed and built electric scooter. The company says the S-100T scooters are its safest and longest lasting, two qualities that it hopes will attract the attention of cities as it aims its strategy at exclusive partnerships.  When the company launches its service in Sacramento in July, […]

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2021-06-23 07:04:45



Clop ransomware gang doxes two new victims days after police raids  

The notorious Clop ransomware operation appears to be back in business, just days after Ukrainian police arrested six alleged members of the gang. Last week, a law enforcement operation conducted by the National Police of Ukraine along with officials from South Korea and the U.S. saw the arrest of multiple suspects believed to be linked to […]

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2021-06-23 06:16:02



$100 million… Leta Capital wants to be a friend to Russia-speaking founders everywhere  

It's become increasingly obvious over the last few years, as Vladimir Putin has tightened his grip on his country, that Russian entrepreneurs who want to engage properly with the rest of the world have had to leave their mother country. Gone are the days when a startup in Russia might attract attention from many Western […]

what do you think?

2021-06-23 05:54:32



Electronic Arts buys mobile game studio Playdemic for $1.4 billion  

Video game giant Electronic Arts is continuing to make M&A moves as it looks to bulk up its presence in the mobile gaming world. Fresh off the $2.4 billion acquisition of Glu Mobile this past April, their biggest purchase to date, Electronic Arts announced Wednesday that they are buying Warner Bros. Games' mobile gaming studio […]

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2021-06-23 05:39:16



Dear Sophie: What options would allow me to start something on my own?  

I've been working on an H-1B in the U.S. for nearly two years, but I'm unhappy with my job. I want to start something of my own in the U.S. Are there any immigration options that would let me do that?

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2021-06-23 05:32:43



Forto raises $240M in funding round led by Softbank, taking its valuation to $1.2Bn  

Freight technology startup, Forto, which we most recently covered when it raised $50 million late last year, is upping the stakes. It's now raised $240 million in a round led by Softbank Vision Fund 2 to expand its trade shipments between China and Europe. Forto manages shipping containers from origin to destination. Softbank is also […]

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2021-06-23 05:30:28



Vercel raises $102M Series C for its front-end development platform  

Vercel, the company behind the popular open-source Next.js React framework, today announced that it has raised a $102 million Series C funding round led by Bedrock Capital. Existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital and GV also participated in this round, together with new investors 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures and Tiger […]

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2021-06-23 04:32:55



Micromobility software provider Joyride raises $3.7 million seed round  

Joyride, a Toronto-based company that provides white label apps, back-end analytics and multi-modal fleet management for shared micromobility startups, has raised $3.7 million — seed money that it says will help it reach a greater number of small, local operators.  The company, which operates in more than 160 markets in every continent besides Antarctica, has […]

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2021-06-23 03:28:58



Iceland's Frumtak Ventures raises its third, $57M, fund focusing on post-seed and Series A  

Frumtak Ventures, one of the few VCs in Iceland, has raised its third fund, Frumtak III. The $57 million (ISK 7b, €48m) fund will focus on post-seed and Series A startups. The firm says its typical ticket size will range from $1-5 million (€850k-4.2m). Frumtak was a somewhat lesser-known European VC until it popped up […]

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2021-06-23 03:20:05



Salesforce, AWS announce extended partnership with further two-way integration  

Salesforce and AWS represent the two most successful cloud companies in their respective categories. Over the last few years the two cloud giants have had an evolving partnership. Today they announced plans for a new set of integration capabilities to make it easier to share data and build applications that cross the two platforms. Patrick […]

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2021-06-23 03:05:53



Aircall raises $120 million for its cloud-based phone system  

Aircall has raised a $120 million Series D round led by Goldman Sachs Asset Management. Following today's funding round, the company has reached unicorn status, which means it has a valuation above $1 billion — this is the 16th French unicorn. The startup has been building a cloud-based phone system for call centers, support lines […]

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2021-06-23 03:03:52



How many lives does bitcoin have?  

Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week's deep dive Danny, Alex, and a bunch of the TechCrunch crew took on the recent happenings in the world of bitcoin. In a break from our regular format, we recorded live from a Twitter […]

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2021-06-23 02:42:16



Chinese robotaxi unicorn WeRide bags over $600M in 5 months  

It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in […]

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2021-06-23 02:35:15



Drata raises $25M Series A to expand its security compliance platform  

Security compliance is precisely three things: incredibly boring, time consuming, and entirely necessary to run a business in the modern age. Compliance isn’t going away, but startups like Drata are making it slightly easier to bear. Drata helps companies get their SOC 2 compliance quicker by using automation. SOC 2 is a certification used to […]

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2021-06-23 01:49:54



In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel  

Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it's a large Series A even by today's standards. The financing also marks the previously bootstrapped Lower's first external round of funding […]

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2021-06-23 01:08:25



Investor Marlon Nichols and Wonderschool's Chris Bennett on getting to the point with a pitch deck  

Investor Marlon Nichols and founder Chris Bennett review Wonderschool's original pitch deck.

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2021-06-22 19:29:49



Extra Crunch roundup: SaaS founder salaries, break-even neobanks, Google Search tips  

If you're a founder who's getting ready to knock on doors and ask strangers for money, read this first.

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2021-06-22 18:49:38



How Amazon-owned Zoox designed its self-driving vehicles to prevent crashes  

The hubbub surrounding the autonomous vehicle industry often focuses on venture capital rounds, speculation about IPOs and acquisitions. But the industry’s future also hinges on the high-stakes task of proving the technology can operate safer than human drivers do today and gaining the public’s trust. In short: safety matters. Zoox issued a safety report Tuesday […]

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2021-06-22 18:26:42



Dell Technologies, UserTesting, Movile, Pilot and oVice to offer mini master classes at TC Early Stage 2021  

Hey, you there — early-stage founders. Yes, you. TC Early Stage 2021: Marketing & Fundraising, our mini master class in entrepreneurship, is right around the proverbial corner. And by mini we mean it's just two days — July 8-9. There's nothing mini about the expert advice, information and actionable tips you'll glean from attending this […]

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2021-06-22 17:52:04



Teamsters plan aggressive push to unionize Amazon logistics workers  

One of the country’s most powerful unions, the International Brotherhood of Teamsters, confirmed today that it plans to make a nationwide push to unionize Amazon warehouse workers and drivers. And it won’t be a gentle one. The news was first reported by Motherboard, which obtained a video and resolution announcing the effort. As the organization […]

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2021-06-22 17:05:59



Facebook adds Shops to WhatsApp, among other e-commerce updates  

Facebook is making it even easier to buy stuff while you scroll past photos of your high school lab partner’s dog. Yes, Instagram Shops and Facebook Marketplace are already displayed prominently on the apps’ bottom navigation tabs. But now, you can shop on WhatsApp too, along with other updates. Today on a Live Audio Room, […]

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2021-06-22 16:49:55



Daily Crunch: Transmit Security's $543M Series A is one for the record books  

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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2021-06-22 15:36:56



Max Q — China's space station gets a staff  

Max Q is a weekly newsletter from TechCrunch all about space. Sign up here to receive it weekly on Mondays in your inbox. This week, China started staffing up its own space station, and Rocket Lab got the nod from NASA to develop small satellites for the purposes of exploring Mars. Meanwhile, space startups continue […]

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2021-06-22 15:28:18



First drive: 2021 Mercedes-Benz S-Class  

Mercedes-Benz has used the “best or nothing” tagline to market its vehicles for the last 21 years. To ensure its 2021 Mercedes-Benz S580 sedan ticks that “best” box, the German automaker has loaded its flagship vehicle with technology, including an infotainment system that learns to anticipate its owner’s needs, some new rear-steering tricks and upgrades […]

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2021-06-22 15:15:11



Viva Republica, developer of Korean financial super app Toss, raises $410M at a $7.4B valuation  

Viva Republica, the Seoul-based fintech company behind Toss, a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 billion. The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like Korea Development Bank, and returning […]

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2021-06-22 15:02:03



A rewards program for your rent payments? Meet Bilt  

Kairos, the startup studio led by Ankur Jain, is launching a new brand today called Bilt Rewards. Bilt is a rewards program that lets renters earn each time they make a rent payment. The company is funded by Kairos, which is the studio that is also responsible for brands like Rhino, Alloy, and Little Spoon. […]

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2021-06-22 13:27:24



A newly tech-skeptical FTC will reportedly review Amazon's acquisition of MGM  

Amazon’s purchase of MGM must pass the scrutiny of the FTC, newly chaired by prominent Amazon critic Lina Khan, The Wall Street Journal has reported. While the $8.45 million merger is not likely to be stopped, it may provide early indicators of how the agency is revising its approach to mega-corporations consolidating multiple industries with […]

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2021-06-22 11:58:20



Holy Grail raises $2.7M seed fund to create modular carbon capture devices  

The founders of Holy Grail, a two-year-old startup based in Mountain View, California, are taking a micro approach to solving the outsized problem of capturing carbon. The startup is prototyping a direct air carbon capture device that is modular and small — a departure from the dozens of projects in the U.S. and abroad that […]

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2021-06-22 10:53:06



As venues reopen, Mixhalo announces new tech for in-person live event streaming  

As venues reopen across the U.S., Mixhalo has announced a pair of additions to its in-person audio live event audio streaming platform: Mixhalo Over Cellular and Mixhalo Rodeo. The first is, more or less, what it sounds like. Rather than relying on Wi-Fi, the leverages 5G. The company says it will be able to offer […]

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2021-06-22 10:51:07



Lidar company Quanergy to go public via $1.4B SPAC deal  

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country's largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half […]

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2021-06-22 10:33:37



Inspired by founder's childhood asthma, NuvoAir raises $12M to tackle respiratory illnesses  

You might well have a sleep app that tracks your sleep. I use Sleep Cycle, and have found it has started to even tell me when I cough during the night. It turns out you can run machine learning over how you might cough in the night, to detect changes in the way you cough. […]

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2021-06-22 10:27:07



10 ways founders can manage their mental health while fundraising  

It's imperative that entrepreneurs sharpen and maintain their mental health while slogging through fundraising. It takes two things: prevention and awareness.

what do you think?

2021-06-22 10:12:53



These Forge cofounders just raised $5 million to work on a new, still-stealth investing startup  

Sohail Prasad and Samvit Ramadurgam are cofounders who met during Y Combinator’s 2012 summer batch and went on to cofound Forge, which helps accredited investors and institutions buy and sell private company shares and which most recently raised $150 million in new funding in May. Forge — originally known as Equidate —  has taken off […]

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2021-06-22 09:56:27



If you love voice messaging, you'll love Squad  

Squad used to be an app that connected people with similar interests for in-person meetups. Then the coronavirus pandemic hit. While most social apps thrived under these conditions — people craved digital connection more than ever — Squad couldn't operate. Founder Isa Watson didn't know how long the world would be in shutdown. Instead of […]

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2021-06-22 09:54:41



Memory.ai, the startup behind time-tracking app Timely, raises $14M to build more AI-based productivity apps  

Time is your most valuable asset — as the saying goes — and today a startup called Memory.ai, which is building AI-based productivity tools to help you with your own time management, is announcing some funding to double down on its ambitions: it wants not only to help manage your time, but to, essentially, provide […]

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2021-06-22 09:21:43



Firm creates open framework to help VCs and founders address racial inequity  

In 2017, Paul Hawken published a book (Drawdown) compiling a set of concrete actions people could take to combat climate change. Inspired by this, Seth Bannon, founding partner at Fifty Years, a firm that provides seed funding for companies aiming to make the world a better place, decided to do something similar to address systemic […]

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2021-06-22 09:16:27



ResQ raises $7.5 million to make back of the house, top of mind  

Entrepreneur Kuljeev Singh has had a three-course meal in the restaurant business. He was an angel investor in ChefHero, a part-time owner in an Australian-style meat pie shop, and now, is the founder of ResQ, a startup that helps restaurants repair and service their equipment through contractor work. Sitting at multiple seats at the table […]

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2021-06-22 08:41:41



Oyster, an HR platform for distributed workforces, snaps up $50M on a $475M valuation  

The future of work is long on long-distance, and today a startup that’s built a platform to help organizations hire global talent and build out those remote workforces is announcing a round of funding on the heels of strong growth. Oyster — which provides tools to help with hiring, onboarding, payroll, benefits and salary management […]

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2021-06-22 08:29:43



Brave's non-tracking search engine is now in beta  

Pro-privacy browser Brave, which has been testing its own brand search engine for several months — operating a waitlist where brave (ha!) early adopters could kick the tyres of an upstart alternative in Internet search — has now launched the tool, Brave Search, in global beta. Users interested in checking out Brave’s non-tracking search engine, […]

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2021-06-22 07:11:22



Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation  

Zeller, a Melbourne-based fintech founded by former Square executives to serve small- to mid-sized businesses, has raised $50 million AUD (about $37.5 million USD) led by Spark Capital, the investment firm whose portfolio also includes Twitter, Slack and Coinbase. Zeller’s valuation is now $400 million AUD (about $301 million USD). The funding included participation from […]

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2021-06-22 06:54:13



India orders antitrust investigation against Google over smart TV market  

India's antitrust watchdog has ordered an investigation into allegations that Google has abused the dominant position of Android in the country's smart TV market. The news comes hours after the European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector. In its initial review, the Competition […]

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2021-06-22 06:26:46



Airbank centralizes all your business bank accounts and financial data  

Meet Airbank, a startup that is taking advantage of open banking regulation and related APIs to aggregate all your bank accounts. Focused on startups and small and medium companies, the company wants to build an all-in-one banking interface to access financial data, initiate payments, manage cash flow and more. Airbank just raised a $3 million […]

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2021-06-22 06:12:39



MAJORITY raises $19 million for its mobile banking service for migrants  

More than a million people migrate to the U.S. each year. Upon their arrival, they face challenges in opening a local bank account and accessing financial services at regular rates. These challenges for migrants, a significant portion of whom also need to send money home, have persisted globally for decades, despite large government support programs. […]

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2021-06-22 05:58:56



Chinese sellers on Amazon in hot demand by VCs and e-commerce roll-ups  

Chinese merchants selling on Amazon are having a moment. The scruffy exporters are used to roaming about suburban factory areas and dealing with constant cash flow strain, but suddenly they find themselves having coffee with top Chinese venture capital firms and investment representatives from internet giants, who come with big checks to hunt down the […]

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2021-06-22 05:47:23



The early-stage venture capital market is weird and chaotic  

With as much seed capital as there is in the market today, we talked to investors about startups raising later Series As than before, while Series B rounds can happen incredibly rapidly.

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2021-06-22 05:27:20



Super Follows and Ticketed Spaces are coming to Twitter  

In Twitter’s latest appeal to one-up competitors, from Clubhouse to Patreon, the company announced today that it will begin rolling out applications for Super Follows and Ticketed Spaces. Twitter first teased the Super Follow feature during an Analyst Day event in February. Super Follows allow creators on Twitter to generate monthly revenue by offering paywalled […]

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2021-06-22 05:19:56



Tesla backs vision-only approach to autonomy using powerful supercomputer  

Tesla CEO Elon Musk has been teasing a neural network training computer called ‘Dojo’ since at least 2019. Musk says Dojo will be able to process vast amounts of video data to achieve vision-only autonomous driving. While Dojo itself is still in development, Tesla today revealed a new supercomputer that will serve as a development […]

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2021-06-22 05:14:26



G2 raises $157M for its software review service  

This morning G2, a company that provides an online software review and information database, announced that it has raised a $157 million Series D. Per a release the company shared with TechCrunch in advance of its news, G2 is now worth more than $1 billion, making it a unicorn in modern parlance. Permira led the […]

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2021-06-22 04:52:39



Addressing the cybersecurity skills gap through neurodiversity  

Addressing the skills gap and strengthening your own security team means bringing in different minds and perspectives — and that starts with embracing neurodiversity.

what do you think?

2021-06-22 04:48:29



How much to pay yourself as a SaaS founder  

The conversation on founder pay is changing for the better. We've gathered insights from founders and VCs and narrowed down the most important factors and benchmarks to guide your decision.

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2021-06-22 04:36:17



Merlyn Mind emerges from stealth with $29M and a hardware and software solution to help teachers with tech  

We’ve chronicled, in great detail, the many layers of technology, services and solutions that have been wrapped around the world of education in recent years — and especially in the last year, which became a high watermark for digital learning tools because of COVID-19. Today, a startup called Merlyn Mind is coming out of stealth […]

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2021-06-22 04:29:32



Apple is opening a store in downtown LA's nearly 100-year-old Tower Theatre  

This Thursday, Apple will mark the opening of a new store in downtown Los Angeles. The space occupies the newly renovated Tower Theatre, which opened in DTLA's Broadway Theater District in 1927. Among other milestones, the 900-seat theater was the first in LA to be wired for the talkies, hosting a premier of “The Jazz […]

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2021-06-22 04:17:52



Announcing the agenda for Extreme Tech Challenge Global Finals presented by TechCrunch  

Here at TechCrunch, we’re big fans of startup competitions. From our Extra Crunch Live Pitch-offs all the way up to the world-famous Disrupt Startup Battlefield, we can’t get enough of ’em. So we’re hooking up with Extreme Tech Challenge ('XTC') to present the Extreme Tech Challenge Global Finals, a startup competition focused on powering a […]

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2021-06-22 04:01:34



Why Amazon should pay attention to Shein  

While Amazon's marketplace has proved a boon for businesses trying to get off the ground, many successful companies are now looking beyond the fences, spurred by a desire to compete on their own terms.

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2021-06-22 03:35:35



Inside GM's startup incubator strategy  

GM has launched a series of new subsidiaries tackling electrification, connectivity and even insurance — all part of the automaker's aim to find value beyond its traditional business.

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2021-06-22 03:32:16



Dutch payments startup Mollie raises another $800M at a $6.5B valuation  

A payments startup whose backend was originally built by the founder while still living with his parents and bootstrapping the company is today announcing a massive round of funding that catapults it into being one of the most valuable startups in Europe. Mollie, an Amsterdam-based startup that provides a way for businesses to integrate payments […]

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2021-06-22 03:24:30



Vantage raises $4M to help businesses understand their AWS costs  

Vantage, a service that helps businesses analyze and reduce their AWS costs, today announced that it has raised a $4 million seed round led by Andreessen Horowitz. A number of angel investors, including Brianne Kimmel, Julia Lipton, Stephanie Friedman, Calvin French Owen, Ben and Moisey Uretsky, Mitch Wainer and Justin Gage, also participated in this […]

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2021-06-22 02:34:27



Gillmor Gang: Who Knew  

The Gillmor Gang recording session is nestled on Friday midday on the East Coast and midmorning out West. Streamed live on Twitter, Facebook Live, and Youtube embed, the show is then edited, sweetened with titles and music, and released on Techcrunch. It’s a kind of hybrid between podcast, Zoom collaboration meeting, and work-from-anywhere encounter group. […]

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2021-06-22 02:33:07



Vienna's GoStudent raises $244M at a $1.7B valuation for its online tutor marketplace  

Online teaching came into the spotlight for many students and parents in the last year, and today one of the companies that saw a big lift during that rush of activity is announcing a big round of funding to carry it into what has emerged as a more permanent change of habits for many learners. […]

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2021-06-22 02:06:30



TikTok launches Jump, a third-party integration tool  

TikTok announced today the launch of its Jump program, which expands the app’s potential for third-party integrations. TikTok began beta-testing this feature in February with Whisk, a recipe-sharing app, though only select creators could use the feature. Now, Jump will start rolling out to all users with an expanded slate of partners. Jumps can only […]

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2021-06-21 19:13:25



Facebook's entry into VR advertising isn't going too well  

Facebook’s efforts to bring advertising to the Oculus virtual reality platform it has spent billions of dollars building out doesn’t seem to be off to a great start. The company announced last week that they were planning to roll out their first in-game ads inside the title “Blaston” from the prolific VR game developer Resolution […]

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2021-06-21 18:57:18



How to land the top spot in Google search with featured snippets in 2021  

Google search is not what it used to be. We all want to be #1 on the search results page, but getting there isn't enough. It might be worth it to instead go for the top featured snippet position.

what do you think?

2021-06-21 18:17:51



Clubhouse is building a DM text chat feature  

Some Clubhouse users were treated to a surprise feature in their favorite app, but it wasn’t long for this world. A new UI element called “backchannel” popped up briefly before disappearing late last week, pointing the Clubhouse faithful to a new area of the app and generating plenty of chatter among users ready for more […]

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2021-06-21 14:23:06



Daily Crunch: Facebook rolls out podcasts and Live Audio Rooms for US listeners  

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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2021-06-21 13:12:08



Fintech veteran Jitendra Gupta is ready for his new inning — now he is going after banks in India  

For most people in India, having to engage with banks doesn’t instill a sense of joy. Banks in the South Asian market are notorious for making unannounced spam calls to upsell customers loans and credit cards, even when they have been explicitly asked not to do so. Moreover, when a customer does reach out to […]

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2021-06-21 12:12:15



Hyundai completes deal for controlling interest in Boston Dynamics  

Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details. The South Korean automotive giant now owns a controlling interest in Boston Dynamics, previously belonging to SoftBank. The […]

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2021-06-21 11:28:59



Facebook officially launches Live Audio Rooms and podcasts in the US  

In April, Facebook announced a series of planned investments in new audio products, including a Clubhouse live audio competitor as well as new support for podcasts. Today, Facebook is officially rolling these products with the launch of Live Audio Rooms in the U.S. on iOS, starting with public figures and select Facebook Groups, and the […]

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2021-06-21 11:25:41



Biden's executive order on cybersecurity should include behavior transparency  

The cyber executive order, alongside sanctions on Russia, are strong indications the Biden administration intends to take a far more proactive approach to cybersecurity. But it's not quite enough.

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2021-06-21 10:52:11



Twitch suspends two popular female creators over sexy ASMR streams  

Popular Twitch streamers Amouranth and Indiefoxx are the two latest casualties of Twitch’s ongoing battle to enforce its own confusing rules around sexually suggestive content. Both creators were suspended following ASMR streams that pushed the bounds of Twitch’s community guidelines forbidding content that isn’t quite sexual in nature but is still too risque for a […]

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2021-06-21 10:27:57



Electric utility bike startup Ubco raises $10 million to fund its global expansion  

Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business.  Ubco's hero product, the Ubco 2X2, is an all-wheel drive electric motorbike that looks like a dirt bike but rides like a moped. What began […]

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2021-06-21 10:18:12



India proposes tougher e-commerce rules to address 'widespread cheating' complaints  

India proposed on Monday banning flash sales on e-commerce platforms and preventing their affiliate entities from being listed as sellers as the South Asian market looks to further tighten rules that could hurt the future prospects of Amazon and Walmart's Flipkart in the world's second-largest market. The proposal (PDF), unveiled by India's Ministry of Consumer […]

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2021-06-21 09:50:56



WaitWhat raises $12M to double down on what comes after podcasts  

As podcasting continues to gain ground among mainstream consumers as a digital media platform alongside music, video, and the printed word, a startup that made a name for itself through building content for the medium has closed a round of funding to help it explore what comes next. WaitWhat, co-founded by two of the people […]

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2021-06-21 08:52:44



Music licensing marketplace Songtradr raises $50M  

Music licensing marketplace Songtradr this morning announced a $50 million Series D. The oversubscribed round — which features Regal, Aware Super, Perennial, Argo and Greencape — follows a $30 million raise last August, bringing the Los Angeles company's total funding to north of $100 million. The platform licenses music to high-profile names for advertising, films, […]

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2021-06-21 08:45:08



Porsche to make high-performance batteries in joint venture with Customcells  

Luxury sports car manufacturer Porsche AG is going into the battery business. The automaker said Monday it plans to open a new factory that will produce high-performance cells through a joint venture with lithium-ion battery developer Customcells. Porsche invested in "the high double-digit millions" in the new joint venture, dubbed Cellforce Group GmbH, executive board […]

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2021-06-21 08:12:16



Uber to become the sole owner of grocery delivery startup Cornershop  

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29 million shares. The transaction is […]

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2021-06-21 06:37:49



Mobile commerce startup Via rounds up $15 million in Series A funding  

Mobile commerce is where it’s at, and rising investment in so-called conversational commerce startups underscores the opportunity. Via, a two-year-old, Bay Area-based startup, is among those riding the wave, having identified some trends that are becoming clearer by the month. First, more e-commerce sales will be on mobile phones this year than desktops (as much […]

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2021-06-21 06:02:23



Seed is not the new Series A  

Most Series A investors today look for around $2 million in annual recurring revenues (ARR) before they lean in, but getting to that figure is a very long and thorny path.

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2021-06-21 05:42:26



Sneaker community startup SoleSavy raises $12.5 million Series A to build an end-to-end sneakersphere  

Collectibles boomed during the pandemic and while NFT outfits like NBA Top Shot exploded as consumers flirted with newer efforts, the sneaker world grew even more mature with enthusiasts digging deeper into communities dedicated to the asset class. Vancouver’s SoleSavy, a sneaker community dedicated to giving fans a curated place to navigate the world […]

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2021-06-21 05:35:20



Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M  

Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform's total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020. Kredivo is operated by Singapore-based fintech FinAccel. This is the largest loan facility […]

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2021-06-21 05:24:57



Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out  

Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region's origins in Cold War defense spending. While the courage and perseverance required to fight in an overseas battlefield (or the office bureaucracy on base) would seem a perfect fit for the travails of the founder, the reality is that the journey from […]

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2021-06-21 04:45:04



Toyota Research Institute shows how its robotics work with difficult surfaces in the home  

Following this morning's announcement that Hyundai has closed its acquisition of Boston Dynamics, another automotive company has posted some robotics news. The Toyota Research Institute announcement is decidedly less earthshaking than that big deal — if anything, it's more of a progress check on what the division has been working on. Of course, incremental updates […]

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2021-06-21 04:06:55



Vietnamese financial services app MFast gets $1.5M pre-Series A led by Do Ventures  

MFast, a mobile app that lets Vietnamese users in remote areas access financial services, announced it has raised a $1.5 million pre-Series A today. The round was led by Do Ventures, with participation from JAFCO Asia.  Launched in 2019 by fintech company Digipay, MFast says it has been used by 600,000 people to date. It […]

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2021-06-21 04:03:05



The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo's future  

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to […]

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2021-06-21 03:53:58



Apple's App Store to face scrutiny in Germany as FCO opens 'market power' proceeding  

Germany’s competition authority, the FCO, has completed its Big Tech GAFA ‘bingo’ card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the iPhone maker meets the threshold of Germany’s updated competition law. The 10th amendment […]

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2021-06-21 03:48:29



Revolut revenue grew by 57% in 2020  

Fintech startup Revolut has filed some financial results and is sharing details with the press. In 2020, the company reported $361 million in revenue (£261 million) — that's a 57% increase compared to 2019 revenue of $229 million (£166 million). Interestingly, those revenue figures have been adjusted to include fair value gains on cryptocurrency assets […]

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2021-06-21 03:36:31



GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek's Pavilion Capital and Tencent  

Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. Today GrowSari, a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total […]

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2021-06-21 02:59:13



DataRails books $25M more to build better financial reporting tools for SMBs  

As enterprise startups continue to target interesting gaps in the market, we’re seeing increasingly sophisticated tools getting built for small and medium businesses — traditionally a tricky segment to sell to, too small for large enterprise tools, and too advanced in their needs for consumer products. In the latest development of that trend, an Israeli […]

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2021-06-21 02:50:44



Spielberg's Amblin inks multiyear feature film deal with Netflix  

In something of an about-face, Amblin Partners, Steven Spielberg’s long-running film production company, will produce several films per year for Netflix. The deal reflects Netflix’s rising star and arguably acceptance by the legendary director of a new order to the cinematic world where home viewing is a first-class citizen. The deal was announced in a […]

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2021-06-21 02:44:29



Ban biometric surveillance in public to safeguard rights, urge EU bodies  

There have been further calls from EU institutions to outlaw biometric surveillance in public. In a joint opinion published today, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) Wojciech Wiewiórowski have called for draft EU regulations on the use of artificial intelligence technologies to go further than the commission’s proposal […]

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2021-06-21 02:16:59



What does Red Hat's sale to IBM tell us about Couchbase's valuation?  

Couchbase could double its valuation provided that investors are more interested in its faster-than-Red-Hat growth than they are worried about its history of cash consumption and growing net losses.

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2021-06-21 02:03:54



Maybe neobanks will break even after all  

Neobanking has yet to show that it can generate positive, growing free cash flows over a multiyear period. But their results at least indicate that such incomes could occur in time.

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2021-06-21 01:50:14



Equity Monday: China hates crypto, and the Vision Fund's vision lives on  

Our live show is this week! And we're very excited about it! It's free, of course, so swing by and hang with us.

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2021-06-21 01:46:49






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