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MonkeyLearn raises $2.2M to build out its no-code AI text analysis service

A few years back, startups focusing on artificial intelligence had a whiff of bullshit about them; venture capitalists became inured to young tech companies claiming that their new AI-powered product was going to change the world as hype exceeded product reality. But in the time since, AI-powered startups have matured into real companies, with investors stepping up to fund their growth. In niches, from medical imaging, of course, to speech recognition, machine learning and deep learning and neur...
Tags: Fundings & Exits, Startups, TC, Tech, Artificial Intelligence, No Code, Low-code, Uncork Capital, Recent Funding, Bling Capital, Monkeylearn, Raúl Garreta, Garreta


OwnBackup lands $50M as backup for Salesforce ecosystem thrives

OwnBackup has made a name for itself primarily as a backup and disaster recovery system for the Salesforce ecosystem, and today the company announced a $50 million investment. Insight Partners led the round with participation from Salesforce Ventures and Vertex Ventures. This chunk of money comes on top of a $23 million round from a year ago, and brings the total raised to over $100 million, according to the company. It shouldn’t come as a surprise that Salesforce Ventures chipped in wh...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Tech, SaaS, Salesforce, Disaster Recovery, Cloud Backup, Salesforce Ventures, Veeva, OwnBackup, Vertex Ventures, Gutmann, Insight Partners


Organise, a platform for worker rights, raises £570K seed funding led by Ada Ventures

Organise, a U.K. startup that has built a platform to help workers organise and campaign for better rights, has raised £570,000 in seed funding. The round is led by Ada Ventures, fitting into the VC firm’s remit to back “overlooked markets and founders”. Also participating is Form Ventures, RLC Ventures (a seed-stage fund who commit a portion of their profits back to charitable causes chosen by founders), and Ascension Ventures via its Fair By Design Fund. Founded in 2017 by CEO Nat Whalley and ...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Jeff Bezos, Hay, Whalley, Ascension Ventures, Avaaz, Amazon Anonymous, Ada Ventures, RLC Ventures, Nat Whalley, CTO Bex Hay Organise, ChangeLab


Why investors are cheering the Uber-Postmates deal

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%. Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impacts? It appears that investors are heartened that Uber has closed its Postmates acquisition after both firms danced around each other for some time, leading to all sorts of leaks that wound up being not coming true. The Exchange is a daily look at startups and the private markets for Extra Cr...
Tags: Food, Fundings & Exits, Startups, TC, Transportation, Lyft, Uber, Tech, Companies, Transport, Postmates, TechCrunch, Doordash, Market Analysis, Extra Crunch


Equity Monday: Uber-Postmates is announced, three funding rounds, and narrative construction

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week ahead, talk about some neat funding rounds, and dive into the latest big news from the startup world. (You can follow the show on Twitter here, and myself here, if you are so inclined! Don’t forget to check out last Friday’s episode as well. All the cool kids are d...
Tags: Apple, Fundings & Exits, Startups, Uber, Hong Kong, US, Tech, Equity, Postmates, Don, India China, GrubHub, Equity Monday, COVID


Payfazz gets $53 million to give more Indonesians access to financial services

Indonesia is not only Southeast Asia’s most populated country, but also one of the world’s fastest-growing economies. But many people, especially outside of major cities, still lack access to basic financial services like bank accounts. Payfazz is one of several tech startups focused on solving that problem by finding innovative ways to give more Indonesians access to financial services. The company announced today that it has raised a $53 million Series B led by B Capital and Insignia Ventures ...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Tech, Consumer Finance, Financial Tech, Gojek, Hendra, Kwik, Ace Company, Yinglan Tan, PAYFAZZ, Insignia Ventures


Paytm, Vijay Shekhar Sharma to acquire Raheja QBE for $76M

Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire general insurer Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation’s booming insurance market. Sharma is acquiring Raheja QBE through QorQl Pvt. Ltd, a firm in which he owns majority stake with Paytm owning the remainder. Raheja QBE, which offers insurance services to cover an individual’s h...
Tags: Fundings & Exits, Asia, Finance, India, Tech, Vijay Shekhar Sharma, Paytm, Sharma, Paytm India, QBE, Paytm Vijay Shekhar Sharma, Raheja QBE, QorQl Pvt Ltd, Prism Johnson, QBE Australia, Amit Nayyar


Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire general insurer Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation’s booming insurance market. Sharma is acquiring Raheja QBE through QorQl Pvt. Ltd, a firm in which he owns majority stake with Paytm owning the remainder. Raheja QBE, which offers insurance services to cover an individual’s h...
Tags: Fundings & Exits, Startups, Asia, Finance, India, Vijay Shekhar Sharma, Paytm, ICRA, Sharma, Paytm India, QBE, Paytm Vijay Shekhar Sharma, Vijay Aggarwal, Raheja QBE, QorQl Pvt Ltd, Prism Johnson


Uber reportedly agrees to acquire Postmates for $2.65 billion

Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown, with people relying on services like Uber Eats to get food without leaving their homes. According...
Tags: Fundings & Exits, Startups, TC, Uber, Indonesia, Tech, Bloomberg, United States, Food Delivery, Postmates, On-demand Delivery, Uber Eats, Acquisitions, Southeast Asian, GrubHub, Postmates Bloomberg


When life gives you lemons, print money with Lemonade

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Before we dive in, don’t forget that the show is on Twitter now, so follow us there if you want to see discarded headline ideas, outtakes from the that got cut, and more. It’s fun! Back to task, listen, we’re tired too. But we didn’t let that stop us from packing this week’s Equity to the very gills with news and notes and jokes and fun. Hopefully you can chuckle a...
Tags: Apple, Fundings & Exits, Startups, TC, Tech, Venture Capital, Mirror, Equity, Chris, Lemonade, Lululemon, Danny, Natasha, Luckin Coffee, Luckin, Mirror Lululemon


Lemonade and Accolade open sharply higher as public markets rally

Despite today’s bucket of plus-and-minus economic data, stocks are heading higher in regular trading. And among the shares rising the most are today’s two venture-backed IPOs: Lemonade and Accolade. TechCrunch wrote this morning that the firms’ aggressive IPO pricing arcs boded well for the IPO market itself, that investors were willing to price growth-y shares of unprofitable companies with vigor, which could help other companies looking at the public markets get off the sidelines. Then the two...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, Accolade, Lemonade, Yahoo Finance


High-flying IPOs for Lemonade and Accolade may encourage other unicorns to go public

If you’d predicted in late March and early April that Q3 would kick off with a wide-open IPO market and receptive investors, I doubt anyone would have believed you. If you suggested that valuations would look pretty good as well, you might even have been laughed at. And yet, here we are. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. Yesterday Lemonade and Accolade pri...
Tags: Fundings & Exits, Startups, TC, Tech, United States, IPO market, Accolade, Exit, Lemonade, Market Analysis, The Exchange, Extra Crunch, Coronavirus, COVID-19, IPO Boutique


OurPeople, the team communication and engagement platform, raises $2M

OurPeople, the U.K. startup that’s built a team communication and engagement platform for desk-less workers, has raised $2 million in Series A funding. Leading the round is Alpine Meridian, an investment firm that specialises in digital media, e-commerce and healthcare, and entrepreneur Robert Neveu, who also joins OurPeople as managing partner. It brings total funding to $3 million. Founded in 2016 by Ross McCaw, Bristol-based OurPeople offers a secure mobile platform to let businesses communic...
Tags: Travel, Fundings & Exits, Startups, TC, Europe, McCaw, Jonas Software, Alpine Meridian, Robert Neveu, OurPeople, Ross McCaw Bristol, Serco Leisure McCaw, McCaw Specifically, McCaw Employees


Student-led accelerator Envision is shaking up which startups get funded

Meet Envision, a new startup accelerator. The group, built and run by a collection of students and recent graduates, just closed the application process for its first cohort of startups. Its goal isn’t merely to find some companies and give them a boost, however. According to Annabel Strauss and Eliana Berger, two co-founders of Envision, it’s to shake up the diversity stats that we’ve all come to know. “We started Envision because we believe in a future where womxn, Black, and Latinx founder...
Tags: Fundings & Exits, Startups, TC, Tech, Diversity, Silicon Valley, Berger, Ryan Hoover, Envision, Strauss, Alexia Tsotsis, Lerer Hippeau, Techcrunch Include, Rough Draft Ventures, Annabel Strauss, Eliana Berger


Point to launch new challenger bank with rewards on debit card purchases

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is announcing new fundraising — later this month, the company is launching a major new version of its service and opening its doors to everyone. There’s a waitlist for now. Point is a consumer banking app combined with a debit card. The company wants to reproduce the experience of credit cards but with debit cards, thanks to rewards and a point-based system. There’s no cr...
Tags: Fundings & Exits, Startups, Spotify, Finance, Tech, Netflix, Point, Fintech, Mastercard, Valar Ventures, Challenger Bank, FDIC, Chime, Radius Bank, Neobank, PayPal Points


Point launches new challenger bank with rewards on debit card purchases

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is launching a major new version of its service and opening its doors to everyone. But you’ll have to get an invite to get in at first. Point is a consumer banking app combined with a debit card. The company wants to reproduce the experience of credit cards but with debit cards thanks to rewards and a point-based system. There’s no credit check when you sign up. The st...
Tags: Fundings & Exits, Startups, Spotify, Finance, Tech, Netflix, Point, Fintech, Mastercard, Valar Ventures, Challenger Bank, FDIC, Chime, Evolve Bank Trust, Neobank, PayPal Points


Portfolio companies of startup studio eFounders have raised $148 million this year

European startup studio eFounders has looked back at the first half of 2020 to share some metrics about its portfolio companies. The startup studio that is focused on building software-as-a-service enterprise startups has now launched 25 companies in total. Those startups have raised $148 million in 2020 alone. You may remember that the portfolio of eFounders reached a total valuation of $1 billion late last year. After those new funding rounds, the consolidated valuation of eFounders compani...
Tags: Fundings & Exits, Startups, Europe, Tech, France Newsletter, Aircall, Front, eFounders, Equify, Thibaud Elzière


Portfolio companies of startup studio eFounders have raised $148M this year

European startup studio eFounders has looked back at the first half of 2020 to share some metrics about its portfolio companies. The startup studio that is focused on building software-as-a-service enterprise startups has now launched 25 companies in total. Those startups have raised $148 million in 2020 alone. You may remember that the portfolio of eFounders reached a total valuation of $1 billion late last year. After those new funding rounds, the consolidated valuation of eFounders compani...
Tags: Fundings & Exits, Startups, Europe, Tech, France Newsletter, Aircall, Front, eFounders, Equify, Thibaud Elzière


This public spreadsheet lists Black founders who have raised VC, and the investors backing them

Finding out how many Black founders have successfully raised venture capital, and which venture capital firms invested in their startups hasn’t been an easy task, historically. Venture capital data is often diceable by stage, say, or by startup type. But if you wanted to know how many Black founders a particular firm had invested into, that information has been hard to come by. Until now, that is. Earlier this year, a group called People of Color in Tech compile what it called “the most comprehe...
Tags: Fundings & Exits, Startups, TC, US, Tech, Silicon Valley, Norman, Black, James Norman, People Of Color In Tech, Juneteenth People of Color in Tech, Sefanit Tades


Location data startup Bluedot raises $9.1M

Bluedot, a geofencing and location data startup used by companies like Dunkin’, KFC and McDonald’s, is announcing that it has raised $9.1 million in Series B funding. The San Francisco-headquartered company claims that its technology its 20 times more accurate than competing solutions — something that CEO Emil Davityan attributed to its roots in the toll road industry, where it needed to deliver “lane-level” accuracy. “Since then, we’ve delivered location-based solutions for retail, restaurants ...
Tags: Fundings & Exits, Startups, Mobile, Advertising Tech, Funding, San Francisco, Tech, McDonald, Transurban, Andreev, AutoTech Ventures, Alexei Andreev, Mighty Capital, Bluedot, Dunkin' KFC, Emil Davityan


Apple device management company Jamf files S-1 as it prepares to go public

Jamf, the Apple device management company, filed to go public today. Jamf might not be a household name, but the Minnesota company has been around since 2002 helping companies manage their Apple equipment. In the early days, that was Apple computers. Later it expanded to also manage iPhones and iPads. The company launched at a time when most IT pros had few choices for managing Macs in a business setting. Jamf changed that, and as Macs and other Apple devices grew in popularity inside orga...
Tags: Apple, Fundings & Exits, TC, Enterprise, Minnesota, Adobe, Finance, Ipo, Tech, Vista, United States, SaaS, Private Equity, Ping Identity, MobileIron, Mobile Device Management


R&D tax credits are due July 15th. Neo.tax wants to help startups apply, and raised $3M to do it

All founders love “free” money, but with the global pandemic going on, the necessity of free money has taken on a whole new meaning this year. First, there was the scramble to secure PPP loans a few weeks back for U.S.-based startups, and then the second wave of PPP loans when Congress offered a second tranche of funding. Two weeks ago, I covered a company called MainStreet, which is helping startups apply for local economic development credits which cities offer to businesses relocating to thei...
Tags: Fundings & Exits, Startups, Congress, Finance, Stanford, Funding, Tech, Facebook Ads, Tax credits, Accounting, Pilot, PPP, Intuit, Neo, Ibrahim, Andy McLoughlin


Société Générale is acquiring freelancer challenger bank Shine

Société Générale is acquiring French startup Shine. Terms of the deal are undisclosed. According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million). The startup had previously raised €10.8 million ($12.2 million) in total from Daphni, Kima Ventures, XAnge and various business angels. If you’re not familiar with Shine, the startup has been building a challenger bank for freelancers and small companies in France. It lets you create a busin...
Tags: Fundings & Exits, Startups, Europe, France, Finance, Tech, Fintech, Shine, Challenger Bank, Societe Generale, IBAN, Daphni Kima Ventures XAnge, Treezor


Willa secures $3M from EQT Ventures to let freelancers get paid immediately

Willa, the Sweden and U.S.-based fintech that wants to help freelancers request payment and get paid immediately for a fee, has raised $3 million in funding. The company’s founders are former early members of Spotify’s growth team and also created influencer marketing platform Relatable. Leading the seed round is EQT Ventures. Also participating is ex-Atomico partner Mattias Ljungman’s Moonfire Ventures, Nordic Makers, Michael Hansen and Johan Lorenzen. Willa says the injection of cash will enab...
Tags: Fundings & Exits, Startups, TC, Spotify, Europe, Sweden, Tech, Paypal, Intuit, Willa, Michael Hansen, EQT Ventures, Mattias Ljungman, Moonfire Ventures, Johan Lorenzen Willa, Willa Pay


Berlin’s DeepSpin raises seed funding for its ‘portable, ultra-low-cost’ MRI system

DeepSpin, a Berlin-based startup that is developing what it describes as a “next-generation, AI-powered MRI imaging machine”, has raised €600,000 in seed funding. Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along with a number of unnamed angel investors. Including grants and earlier investment, it brings the total raised to €1 million pre-launch. DeepSpin is a graduate of EF’s company builder programme, where its two foun...
Tags: Fundings & Exits, Startups, TC, Europe, Berlin, Tech, Mckinsey, DeepSpin, APEX Digital Health, Clemens Tepel, Pedro Freire Silva, Freire Silva, Tepel


After losing Grubhub, Uber reportedly hails Postmates

Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing company was reportedly pursuing an acquisition of Grubhub,  another food delivery company. Grubhub was ultimately acquired by Just Eat Takeaway in a $7.3 billion ...
Tags: Fundings & Exits, Startups, TC, Uber, Tech, Deal, The New York Times, Food Delivery, Times, Postmates, Uber Eats, Doordash, GrubHub, JustEat, DoorDash Postmates, GrubHub Uber


Banking platform solarisBank raises $67.5 million at $360 million valuation

Despite the Wirecard fallout, German fintech startup solarisBank has raised a Series C funding round of $67.5 million (€60 million). Following today’s funding round, solarisBank is now valued at $360 million (€320 million). solarisBank doesn't have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs. With solarisBank, you can build a fintech startup and leverage solarisBank’s line of products to do the heavy lifting. It’s an i...
Tags: Travel, Fundings & Exits, Startups, Europe, Germany, American Express, Penta, IBAN, solarisBank, Roland Folz, HV Holtzbrinck Ventures, Trade Republic, Vulcan Capital Samsung Catalyst Fund, Layla Qassim, Splitpay, Germany American Express


Personal Capital sells to Empower Retirement in deal worth up to $1B

Today Personal Capital, a fintech company that had attracted over $265 million in private funding, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon closing, with another $175 million in what are described as “planned growth” incentives, according to a release. The deal is a likely win for Personal Capital . According to Forbes the firm was worth $660 million around the time of its Seri...
Tags: Fundings & Exits, Startups, Facebook, Finance, Tech, United States, Fintech, Credit Karma, Danny Crichton, Personal Capital, Crosslink Capital IGM Financial Venrock IVP, Crunchbase data Personal Capital


DoubleDown is going public: Why isn’t its IPO worth more?

Agora isn’t the only company headquartered outside the United States aiming to go public domestically this quarter. After catching up on Agora’s F-1 filing, the China-and-U.S.-based, API-powered tech company , today we’re parsing DoubleDown Interactive’s IPO document. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. The mobile gaming company is targeting the NASDAQ and wants ...
Tags: Fundings & Exits, Startups, TC, Mobile, Gaming, South Korea, China, Ipo, Tech, United States, Api, Agora, Seattle, Nasdaq, Crunchbase, EBITDA


Equity Monday: Scandal, one IPO, and the Indian startup market

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer,  in which we go over the latest, look to the week ahead, talk about some neat funding rounds, and dig into the latest on the health of the startup market. Don’t forget that you can follow Equity on Twitter, and, as explained in the show, you can sign up for Alex’s new TechCrunch newsletter “The Exchange” here. Ok, let...
Tags: Apple, Fundings & Exits, Startups, TC, Ipo, India, Tech, Bloomberg, United States, Department Of Justice, Equity, Alex, Don, U S Department of Justice, DoubleDown Interactive, Joe Weisenthal



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