Crunch Hype

Grab is going public via a SPAC, so let's talk through key points from the investor deck — we'll discuss growth, segment profitability, aggregate costs and COVID-19.

Clubhouse is rapidly expanding access to payments, its first revenue-generating feature for creators, since its launch into testing earlier this month. At the beginning of April, Clubhouse said it would give a “small test group” of creators the ability to accept payments from their fans and supporters through the social audio app. These donations go […]

Apple only dropped info about WWDC two weeks back, but the company just announced another event – this one happening much sooner. After Siri spilled the beans this morning, the company has officially confirmed its next event for April 20. Invites for its “Spring Loaded” event went out just now, sporting what appears to be […]

Atlassian’s Jira is an extremely powerful issue tracking and project management tool, but it’s not the world’s most intuitive piece of software either. Spreadsheets, on the other hand, are pretty much the de facto standard for managing virtually anything in a business. It’s maybe no surprise then that there are already a couple of tools […]

SpaceX is set to send a payload to the Moon in 2023, using its larger (and infrequently used) Falcon Heavy launch vehicle. The mission will fly a lander built by space startup Astrobotic, which itself will be carrying NASA’s VIPER, or Volatiles Investigating Polar Exploration Rover (this is the agency that loves torturing language to […]

In light of the Microsoft-Nuance deal, we dug into the AI venture capital market. What’s happening on the startup side in the artificial intelligence and machine learning (AI/ML) space?

1Password, the password management service that competes with the likes of LastPass and BitWarden, today announced a major push beyond the basics of password management and into the infrastructure secrets management space. To do so, the company has acquired secrets management service SecretHub and is now launching its new 1Password Secrets Automation service. 1Password did […]

After his last startup, Framed Data, was acquired by Square, Thomson Nguyen began exploring new ideas. While an entrepreneur-in-residence at Kleiner Perkins, Nguyen interviewed hundreds of small business owners and realized that many pay hundreds of dollars in fees to maintain a business checking account. “Most small businesses are low margin, high cash flow, so […]

Facebook’s self-styled ‘Oversight Board’ (FOB) has announced an operational change that looks intended to respond to criticism of the limits of the self-regulatory content-moderation decision review body: It says it’s started accepting requests from users to review decisions to leave content up on Facebook and Instagram. The move expands the FOB’s remit beyond reviewing (and […]

You might think that a startup whose primary customers are tourism bureaus would have had a pretty rough 2020, but CEO Monir Parikh said Bandwango‘s customer base more than doubled in the past year, growing from 75 to 200. In Parikh’s words, the Murray, Utah-based startup has built a platform called the Destination Experience Engine […]

One of the issues with deploying a machine learning application is that it tends to be expensive and highly compute intensive. Deeplite, a startup based in Montreal, wants to change that by providing a way to reduce the overall size of the model, allowing it to run on hardware with far fewer resources. Today, the […]

When the pandemic forced everyone to stay at home last year, many gym-goers looked to at-home fitness makers to fill the void for their cardiovascular and strength-training workouts. To help meet that demand, Tempo, the five-year-old fitness startup founded by Moawia Eldeeb and Josh Augustin, closed a $220 million Series C round led by SoftBank. […]

How do you predict earnings when you are still figuring it out? You need to work on making your revenue predictable, repeatable and scalable; and use tools that will help you create projections.

Mobility mavens, June 9 will be here before you know it, and that means it’s time to get your strategy ducks in a row for TC Sessions: Mobility 2021. You want to make the most of your time at this one-day virtual intensive featuring interactive presentations with the mobility industry’s top movers, shakers and startup […]

The $9 trillion financial management firm Blackrock is collaborating with the $313 billion Singapore investment firm Temasek to back companies developing technologies and services to help create a zero emission economy by 2050. The two mega-investment firms will invest an initial $600 million to launch Decarbonization Partners, and look to raise money from investors committing […]

How much is Epic Games worth? Well, we’ve long ago surpasses the realm of dollar figures regular humans can contextualize. With its latest round, the gamer hits an equity valuation of $28.7 billion. Yes, “b” for “billion.” That’s a lot of micro-transactions. Time to start talking metaverse! Best known for the wildly successful battle royale […]

Justin Mast has a simple reason for starting his plant retail startup Bloomscape in Detroit. “This is home,” he told me. “This is where I have a really strong network and I knew I’d be able to find a lot of support.” Mast didn’t grow up in Detroit proper, but he’s from Grand Rapids, Michigan’s […]

HomeX, a home services platform for homeowners and service providers, has raised $90 million in a funding round led by New Mountain Capital. New Mountain Capital, a New York-based investment firm with more than $30 billion in assets under management, was the only institutional investor to put money in this round alongside company executives. The […]

Artificial intelligence technology holds a huge amount of promise for enterprises — as a tool to process and understand their data more efficiently; as a way to leapfrog into new kinds of services and products; and as a critical stepping stone into whatever the future might hold for their businesses. But the problem for many […]

There is no shortage of extremely capable tech workers who want to help solve the biggest issues facing society. Will we give them the legitimate space and opportunity to conquer those problems?

ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard, and UBS AG, as well as major blockchain companies Protocol Labs, the Maker Foundation, Fenbushi, The LAO and Alameda Research. Additional investors include CMT Digital and the Greater Bay Area Homeland Development […]

Spotify this morning officially announced the limited U.S. release of its first hardware device, the oddly named Car Thing, aimed at Spotify Premium subscribers. The new device — which Spotify is surprisingly offering for free plus shipping — has evolved substantially from the version that first began testing in 2019. This upgraded model has a […]

Are you 100% sure that your children are brushing their teeth properly? A New York-based startup called Willo has been working for several years on a device that should transform the tooth-brushing experience for children. Willo isn’t a new toothbrush — electric or not. It’s an oral care device that doesn’t look like a toothbrush […]

Workflow automation has been one of the key trends this year so far, and Zoho, a company known for its suite of affordable business tools has joined the parade with a new low code workflow product called Qntrl (pronounced control). Zoho’s Rodrigo Vaca, who is in charge of Qntrl’s marketing says that most of the […]

Since ride-hailing companies like Uber and Bolt disrupted the transportation industry, one of the thorns on their sides has been traffic congestion and pollution. Research has shown that trips from ride-hailing cars have more emissions than those from personal cars. To reduce their carbon footprint and solve the latter problem, both companies have floated the […]

When you’re not feeling well and your doctor asks you to get labs drawn, you know that can increase the time between a diagnosis and care. But Getlabs, a company that brings the lab to you with its at-home, blood-drawing service, is aiming to eliminate that friction, and today announced a $3 million seed round […]

Ride-hailing and delivery company Grab has announced plans to go public in the U.S. Based in Singapore, the company has evolved from a ride-hailing app to a Southeast Asian super app that offers several consumer services, including food delivery, financial services, such as an e-wallet so that you can send and receive money. It operates […]

Papa, the elder tech company that offers care and companionship to seniors, today announced a $60 million Series C led by Tiger Global Management, bringing its total raised to date to $91 million. The money will be used to propel the company’s growth this year, building on 600% year-over-year growth as of the start of […]

French startup Biloba has raised a $1.7 million funding round (€1.4 million) a few months after launching its pediatrics app that lets you chat with a doctor whenever you have a question. In addition to raising some money, the startup also recently added in-app prescriptions. Biloba’s concept is surprisingly simple. It’s a mobile app that […]

Small businesses in Africa need digital banking services including plenty of credit. Although these businesses drive economic growth and contribute up to one-third of the continent’s GDP, they are often financially excluded from credit and other financial services due to their size and informality. One such company tackling this challenge in the eastern part of […]

“You wanted me to record this?” asks Saul Klein, LocalGlobe founding partner. “Just in case you say anything interesting,” I quip back. “I won’t be doing most of the talking, so maybe someone will say something interesting,” Klein replies poker-faced, before grinning. Once again, I’ve agreed to an ensemble-style interview with multiple members of the […]

The crypto industry as a whole has seen a momentous year of growth, heavily spurred on by the entrance of institutional investors adopting bitcoin due to its store of value properties. The 2020 spike bitcoin experienced was also accelerated by its global adoption as the number of global cryptocurrency users surpassed 100 million in Q3 […]

The race is on for companies building e-commerce empires by rolling up smaller, promising businesses that sell via Amazon and other marketplaces and growing by using some economies of scale to operate them as one. In the latest development, Berlin Brands Group has raised $240 million that it says it will be using to acquire […]

Pine Labs said on Tuesday it has acquired Southeast Asian startup Fave in a deal valued at $45 million as the Indian firm looks to strengthen its consumer-focused offerings in the domestic and international markets. Fave helps an offline merchant connect and retain customers by using gift cards and vouchers. The startup allows merchants to accept […]

TechCrunch is embarking on a major new project to survey European founders and investors in cities outside the larger European capitals. Over the next few weeks, we will ask entrepreneurs in these cities to talk about their ecosystems, in their own words. This is your chance to put Gdańsk, Wroclaw, Krakow and Poznan on the […]

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 a subscription model where people can rent out consumer electronics like computers, […]

Students, government employees, and members of non-profit organizations can get access to Extra Crunch at a discounted rate of $50/year (plus tax). That’s 50% off our annual price point. You’ll also be grandfathered in at the discounted price for future years until you cancel. How to claim the discount: Use a government, non-profit, .edu or […]

Dat Bike, a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 million in pre-Series A funding led by Jungle Ventures. Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. Its […]

Decentralized finance startup MOUND, known for its yield farming aggregator Pancake Bunny, has raised $1.6 million in seed funding led by Binance Labs. Other participants included IDEO CoLab, SparkLabs Korea and Handshake co-founder Andrew Lee. Built on Binance Smart Chain, a blockchain for developing high-performance DeFi apps, MOUND says Pancake Bunny now has more than […]

As a greater share of the transportation market becomes electrified, companies have started to grapple with how to dispose of the thousands of tons of used electric vehicle batteries that are expected to come off the roads by the end of the decade. Battery Resourcers proposes a seemingly simple solution: recycle them. But the company […]

Microsoft makes a big healthcare tech acquisition, Twitter is building a presence in Africa and Apple may be cooking up some new smart home products. This is your Daily Crunch for April 12, 2021. The big story: Microsoft acquires Nuance for $19.7B Microsoft announced this morning that it’s acquiring speech-to-text company Nuance Communications for $19.7 […]

Northrop Grumman hit a new milestone in extending the life of active spacecraft as a purpose-built spacecraft, MEV-2, docked with Intelsat’s IS-10-02 satellite to give it another five years of life. It’s a strong demonstration of the possibilities in a growing field of orbital servicing operations. MEV-2 launched in August and matched the orbit of […]

Coupang early investor Ben Sun shares an inside look into the growth of the Korean e-commerce giant and explains how founder Bom Kim led a pivot when the company was already an established business.

Blue Origin is making progress toward its goal of flying human astronauts aboard its spacecraft, with a plan to run an “astronaut rehearsal” during a launch it has planned for Wednesday, April 14. The launch of Blue Origin’s New Shepard suborbital, reusable rocket will be a key step in verifying the vehicle for paying human […]

Tiger Global has invested in DealShare, a startup in India that has built an e-commerce platform for middle- and lower-income groups of consumers, just three months after the Indian firm concluded its previous $21 million Series C funding round. The New York-headquartered firm has led the $100 million Series D round in three-year-old social commerce […]

WeRide, the Chinese autonomous vehicle startup that recently raised $310 million, has received a permit to test driverless vehicles on public roads in San Jose, California. WeRide is the seventh company, following AutoX, Baidu, Cruise, Nuro Waymo and Zoox, to receive a driverless testing permit. In the early days of autonomous vehicle development, testing permits […]

A collection of tech and auto industry executives met with the White House to discuss solutions for the worldwide chip shortage Monday. CEOs from Google, Intel, HP, Dell, Ford and General Motors attended the virtual summit on semiconductors and resilience in supply chains. National Security Adviser Jake Sullivan, Secretary of Commerce Gina Raimondo and National […]

After it looked like Apple might no-show, the company has committed to sending a representative to a Senate antitrust hearing on app store competition later this month. Last week, Senators Amy Klobuchar (D-MN) and Mike Lee (R-UT) put public pressure on the company to attend the hearing, which will be held by the Senate Judiciary […]

There are still a number of surefire measures any early-stage company can and should put in place to achieve "people ops" success as they begin scaling.

You hear so much about data these days that you might forget that a huge amount of the world runs on documents: a veritable menagerie of heterogeneous files and formats holding enormous value yet incompatible with the new era of clean, structured databases. Docugami plans to change that with a system that intuitively understands any […]