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Liteboxer, the Peloton for boxing, enters the ring

In the vein of increasingly popular at-home connected fitness machines like Peloton, Mirror, and Hydrow, boxing fans now have an option when it comes to getting a good workout in at home. Cofounded by Jeff Morin (CEO) and Todd Dagres (Chairman), Liteboxer is launching today with a platform that was built from the ground up to give users the chance to get an exciting boxing workout at home. Dagres, cofounder and General Partner at Spark Capital, came up with the idea for Liteboxer after fal...
Tags: Health, Startups, TC, Hardware, NFL, Tech, Morin, Peloton, Todd Dagres, Jeff Morin, Isaiah Kacyvenski, General Partner at Spark Capital, Dagres, Liteboxer, Peloton Mirror, Raptor Capital


Legaltech startup Orbital Witness scores £3.3M to create a ‘universal risk rating’ for real estate

Orbital Witness, a U.K.-based legaltech startup developing “AI-powered” software to transform the £4 billion U.K. property due diligence market, has raised £3.3 million in seed funding. The round is led by LocalGlobe and Outward VC, with participation from previous investors, including Seedcamp and JLL Spark. It brings Orbital Witness’s total funding to £4.5 million. Launched with its first customer in September 2018 and now used by numerous large law firms, including four of the five so-called ...
Tags: TC, Real Estate, Articles, Tech, Economy, Corporations, Artificial Intelligence, United Kingdom, Lawyer, Commercial Real Estate, Pearce, Due Diligence, Localglobe, Machine Learning Technology, Co-founder, Orbital Witness


TradeDepot adds $10 million to add financial services to its supply chain services for African SMBs

Nigeria’s e-commerce startup TradeDepot , which connects international brands to small businesses in Africa, has raised $10 million in a new round of funding to expand its business into financial services and credit offerings for retailers. First launched in 2016, TradeDepot has built up a network of 40,000 small businesses in Nigeria and connects them to local distributors of global consumer brands like Nestlé, Unilever, GB Foods and Danone, according to a statement. The initial business ...
Tags: Android, TC, Business, Nigeria, Africa, Articles, Tech, Unilever, Economy, Online Shopping, Ifc, Retail, Financial Services, Head, Lagos, Nestle


App Annie launches ad analytics product Ascend

App Annie is building on last year’s acquisition of analytics company Libring with the launch of a new version of Libring, rebranded as App Annie Ascend. CEO Ted Krantz told me that while Ascend will be sold to existing App Annie customers, the real hope is to reach “a dramatically different market” as App Annie moves beyond just providing app market data by offering advertising analytics as well — particularly for game publishers and other companies on the supply side of the ad industry. Krantz...
Tags: Apple, Startups, TC, Mobile, Advertising Tech, Tech, Reddit, App Annie, ASCEND, Krantz, Jam City, Ted Krantz, Libring, App Annie Ascend, AdColony Unity, Spiros Christakopoulos


BigCommerce files to go public

As expected, BigCommerce has filed to go public. The Austin, Texas, based e-commerce company raised over $200 million while private. The company’s IPO filing lists a $100 million placeholder figure for its IPO raise, giving us directional indication that this IPO will be in the lower, and not upper, nine-figure range. BigCommerce, similar to public market darling Shopify, provides e-commerce services to merchants. Given how enamored public investors are with its Canadian rival, the timing of ...
Tags: Fundings & Exits, Startups, TC, Ipo, Softbank, Tech, SaaS, Bigcommerce, General Catalyst, Ggv Capital, Austin Texas, EBITDA, GAAP


Former Tinder VP Jeff Morris Jr. opens up Product Club, an accelerator meant to stay small and focused

Startup accelerators tend to grow the size of each new class over time, as more of their portfolio companies find exits, their network of mentors expands, and they find new ways to scale things up. The most recognized example of this is almost certainly Y Combinator, which started with a group of just eight companies in 2005 and has since grown to over 150 companies per recent batch. VC and former Tinder VP Jeff Morris Jr. is taking a different approach with his new accelerator, Product Club:...
Tags: Startups, TC, Tech, Lightspeed, Morris, Lambda School, Chapter One, Jeff Morris Jr, Product Club, Danny Trinh Head, Zenly Merci Victoria Grace Investor, Slack Scott Belsky Founder of Behance CPO, Adobe Sriram Krishnan Investor, Twitter Manik Gupta Investor, Uber Brian Norgard Investor, Tinder Jules Walter Product


Mighty Health created a wellness app with older adults top of mind

Virtual classes might make it easier to work out anywhere, anytime, but not for anyone. Mainstream fitness tech often targets the young and fit, in advertisements and cardio-heavy exercises. It effectively excludes aging adults from participating. This gap between mainstream fitness and elders is where Mighty Health, a Y Combinator graduate, comes in. Mighty Health has created a nutrition and fitness wellness app that is tailored to older adults who might have achy hips or joint pro...
Tags: Health, Startups, TC, Apps, Y Combinator, San Francisco, Tech, Nih, RRE Ventures, Elizabeth, Li, Columbia University Medical Center, Nextview Ventures, Fitness Tech, James Li, Soma Capital


FlexJobs CEO Sara Sutton on what newly remote companies tend to get right and wrong

Over the last few months, just about any tech company that can go remote has gone remote. Are companies adopting remote for the long haul, or is it just a holdover until they can get people back in the office? What are newly remote companies getting wrong or right in the transition? If a company is going to be sticking with a remote workforce, what can they do to make their roles more enticing and to build a better culture? FlexJobs CEO Sara Sutton has been thinking about remote work for longer ...
Tags: Work, Startups, TC, Tech, Remote Work, Talent, Hiring, Sara, FlexJobs, Sara Sutton, Extra Crunch, Coronavirus, COVID-19


FlexJobs CEO Sara Sutton: What newly remote companies tend to get right/wrong

Over the last few months, just about any tech company that can go remote has gone remote. Are companies adopting remote for the long haul, or is it just a holdover until they can get people back in the office? What are newly remote companies getting wrong or right in the transition? If a company is going to be sticking with a remote workforce, what can they do to make their roles more enticing and to build a better culture? FlexJobs CEO Sara Sutton has been thinking about remote work for longer ...
Tags: Work, Startups, TC, Tech, Remote Work, Silicon Valley, Talent, Berkeley, Voice, Hiring, Don, Sara, Korn Ferry International, FlexJobs, Sara Sutton, Workona


Second-quarter VC investing totals appear lackluster

The second quarter’s venture capital results are coming into focus. The Exchange will have more notes on Q2’s venture results this week, but this morning we’re digging into our first dataset concerning what happened in the world of private capital from April through June. Crunchbase News — a place I used to work, it feels fair to note — ran its usual dig through the quarter’s venture results , effectively coming up with two answers to the question of what happened in Q2 VC. As it turns out, a ...
Tags: Fundings & Exits, Startups, TC, Tech, Venture Capital, Exchange, Crunchbase, Cb Insights, Reliance Jio, PitchBook, The Exchange


Robinhood raises $320M more, bringing its latest round to $600M at an $8.6B valuation

The stakes keep getting higher for American discount brokerage Robinhood, which today disclosed that it has added hundreds of millions of dollars to its previously disclosed funding round. Including the $280 million that the company had already announced, Robinhood said that it was “pleased to share” that it “raised an additional $320 million in subsequent closings.” Its now $600 million funding round brings its post-money valuation to $8.6 billion. Fortune first reported the news. (A detail, bu...
Tags: Fundings & Exits, Startups, TC, Savings, Finance, Tech, Investing, Robinhood, Fintech, Coronavirus, COVID-19


Autonomous drone startup Skydio raises $100 million and launches the X2 commercial drone

Skydio has raised a $100 million Series C funding round, which was led by Next47 and includes participation from other new investors Levitate Capital and NTT DOCOMO Ventures, as well as existing investors a16z, IVP and Playground. This new funding will help the drone maker move faster on its product development efforts, and expand its go-to-market strategy to cover not only consumer applications, but also enterprise and public sector drone technology, the company says. To serve the market,...
Tags: Startups, TC, Technology, Hardware, Electronics, Tech, Robotics, IVP, Emerging-technologies, Skydio, NTT DOCOMO Ventures, Next47, Recent Funding, Levitate Capital, Skydio Enterprise Controller


Emily Heyward will teach you how to make your brand awesome at TC Early Stage

If you’re currently building a startup, you know what product you want to build. But do you know if people are actually going to notice you? Emily Heyward from Red Antler can tell you how to get people obsessed with your brand. Join us at TC Early Stage online to understand what makes a specific brand stand out from the crowd. And if you pay attention to her advice, your first customers could become your best assets to reach your next big wave of users. Red Antler works with founders to help the...
Tags: Startups, TC, Media, Tech, Early Stage, Heyward, Red Antler, Emily Heyward, TC Early Stage, Red Antler Emily Heyward


Paige, the computational pathology startup targeting cancer, closes a Series B at $70M

Paige, the startup that spun out of the Memorial Sloan Kettering Cancer Center and launched in 2018 to help advance cancer research and care by applying AI to better understand cancer pathology, is today announcing a milestone in its growth story: it has raised a further $20 million from Goldman Sachs and Healthcare Venture Partners, closing out its Series B at $70 million. Leo Grady, Paige’s CEO, says the funding will go towards several areas. It will be used for hiring; to continue expandin...
Tags: Health, Startups, TC, UK, Cancer, Funding, Tech, Eu, Artificial Intelligence, Goldman Sachs, Biotech, Goldman, Paige, MSK, Grady, Memorial Sloan Kettering Cancer Center


Paige, the computational pathology startup targeting cancer, closes Series B at $70M

Paige, the startup that spun out of the Memorial Sloan Kettering Cancer Center and launched in 2018 to help advance cancer research and care by applying AI to better understand cancer pathology, is today announcing a milestone in its growth story: it has raised a further $20 million from Goldman Sachs and Healthcare Venture Partners, closing out its Series B at $70 million. Leo Grady, Paige’s CEO, says the funding will go towards several areas. It will be used for hiring; to continue expandin...
Tags: Health, Startups, TC, UK, Cancer, Funding, Tech, Eu, Artificial Intelligence, Goldman Sachs, Biotech, Goldman, Paige, MSK, Grady, Memorial Sloan Kettering Cancer Center


UIPath reels in another $225M as valuation soars to $10.2B

Last year, Gartner found that Robotic Process Automation (RPA) is the fastest growing category in enterprise software. So perhaps it shouldn’t come as a surprise that UIPath, a leading startup in the space, announced a $225 million Series E today on an eye-popping $10.2 billion valuation. Alkeon Capital led the round with help from Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington and T. Rowe Price Associates, Inc. Today’s investment brin...
Tags: Startups, TC, Enterprise, Ipo, Funding, Tech, Gartner, Wellington, Bucharest, Gupta, RPA, Robotic Process Automation, UiPath, Daniel Dines, Alkeon Capital, Ashim Gupta


WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told the Financial Times that the co-working space startup is on target to meet its goal, set in February, of reaching operating profitability by the end of next year. Claure is also chief operating ...
Tags: TC, Real Estate, Softbank, Tech, Sprint, Financial, WeWork, Financial Times, Cnbc, Neumann, Adam Neumann, Claure, Marcelo Claure, SoftBank Group, SoftBank Vision Fund, Flatiron School Teem


Startups Weekly: The world is eating tech

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here. You could almost hear the internet cracking apart this week as international businesses pulled away from Hong Kong and the US considered a ban on TikTok. Software can no longer eat the entire world like it had attempted last decade. Startups across tech-focused industries face a new reality, where local markets and efforts are more protected and supporte...
Tags: Apple, Startups, TC, Facebook, Hong Kong, London, Mexico, China, India, US, Tech, Colombia, New York Times, Silicon Valley, States, Black Lives Matter


The Exchange: Remote dealmaking, rapid-fire IPOs, and how much $250M buys you

Welcome to The Exchange, an upcoming weekly newsletter featuring TechCrunch and Extra Crunch reporting on startups, money, and markets. You can sign up for it here to receive it regularly when it launches on July 25th. You can email me about it here, or talk to me about it on Twitter. Let’s go! Ahead of parsing Q2 venture capital data, we got a look this week into the VC world’s take on making deals over Zoom. A few months ago it was an open question whether VCs would simply stop making new inve...
Tags: Amazon, Fundings & Exits, Startups, TC, UK, Tech, Walgreens, Sony, SEC, Palantir, Cvs, Rackspace, Exchange, Ron, Ron Miller, OwnBackup


Rackspace preps IPO after going private in 2016 for $4.3B

After going private in 2016 after accepting a $32 per share, or $4.3 billion, price from Apollo Global Management, Rackspace is looking once again to the public markets. First going public in 2008, Rackspace is taking second aim at a public offering around 12 years after its initial debut. The company describes its business as a “multicloud technology services” vendor, helping its customers “design, build and operate” cloud environments. That Rackspace is highlighting a services focus is usef...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Ipo, Tech, Earnings, Dell, Rackspace, Apollo Global Management Rackspace, RXT Goldman Citi J P Morgan RBC Capital Markets


A recapitalization reckoning

If you’re an angel who invested in a startup that was meant to go public in 2014, you might be getting a little bit impatient. High-risk, high-reward investing has lost its shine in this environment: the stock market is a mess these days, and you want your cash back. Enter recapitalization events, where startups restructure their entire cap table to squeeze out old investors, bring on new ones and shift the way equity and debt is managed. For investors, it’s a killer way to enter a company on fr...
Tags: Fundings & Exits, Startups, TC, Funding, Tech, Fundraising, Venture Capital, Initial Public Offering, Mosley, Recapitalization, WorkHuman, Extra Crunch, Coronavirus, COVID-19, LinkedIn Cisco, Eric Mosley


nCino sharply raises its IPO price range, boosting possible valuation to $2.6B

As expected, fintech company nCino has raised its IPO price range. The North Carolina-based banking software firm now expects to sell its shares for between $28 and $29 per share, far more than its initial price range of $22 to $24 per share. At its $28 to $29 per-share price interval, nCino is worth $2.50 billion to $2.59 billion, sharply more than its preceding $1.96 billion to $2.14 billion range. Unpacking the nCino and GoHealth IPO filings The valuation makes more sense for the com...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, North Carolina, Initial Public Offering, GAAP, GoHealth, nCino


What do investors bidding up tech shares know that the rest of us don’t?

The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one basket of SaaS and cloud stocks compiled by a Silicon Valley venture capital firm. Such gains are good news for startups of all sizes. For later-stage upstarts, software share appreciation helps provide a welc...
Tags: Travel, Startups, TC, Enterprise, Developer, United States, SaaS, Silicon Valley, Nasdaq, Exchange, Bessemer, Market Analysis, BoldStart Ventures, Jai Das, The Exchange, Extra Crunch


Five reasons to attend TC Early Stage online

TC Early Stage on July 21 and 22 will virtually bring together 50+ experts across startup core competencies to give you the tools you’ll need to be able to keep building your business and protect your assets. If you’re on the fence about attending, here are just five reasons why you should get your tickets today: 1. Learn how to fundraise effectively Top venture capitalists from Greylock, General Catalyst, Accel, Plexo Capital and more will share their secrets on how to raise funds for your co...
Tags: Startups, TC, Ipo, TC Early Stage, TC Early Stage 2020, Greylock General Catalyst Accel Plexo Capital


Silicon Valley is built on immigrant innovation

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We wound up having more to talk about than we had time for but we packed as much as we could into 34 minutes. So, climb aboard with Danny, Natasha, and myself for another episode of Equity. Before we get into topics, a reminder that if you are signing up for Extra Crunch and want to save some money, the code “equity” is your friend. Alright, let’s get into it: Rob...
Tags: Apple, Fundings & Exits, Startups, TC, Podcasts, New York Times, Silicon Valley, Equity, Palantir, Postmates, Doordash, Equity podcast, Danny Natasha, Monkeylearn


Founding partner Hjalmar Winbladh is leaving EQT Ventures

EQT Ventures, the Stockholm-headquartered venture capital firm that invests in Europe and the U.S., is losing founding partner Hjalmar Winbladh, TechCrunch has learned. Rumours that he was leaving the “multistage, sector-agnostic” VC fund that he helped launch in 2016, begun circulating within the European startup ecosystem last week, with multiple sources telling TechCrunch that Winbladh has his heart set on starting something new. A serial entrepreneur, in the real sense, Winbladh is a seven-t...
Tags: TC, Europe, Microsoft, Tech, Zynga, Venture Capital, Stockholm, Ventures, EQT Ventures, Peltarion, Hjalmar Winbladh, Hjalmar Winbladh TechCrunch, Winbladh, Wrapp Rebtel, Sendit, Nina Nornholm


The coronavirus pandemic is expanding California’s digital divide

Kevin Frazier Contributor Share on Twitter Kevin Frazier, a Masters of Public Policy student at the Harvard Kennedy School and JD candidate at the UC Berkeley School of Law, uses his spare time to advocate for better government. More posts by this contributor Big tech should create a national service program to make the US more united COVID-19 shows we need Universal Basic Internet now If every...
Tags: TC, Verizon, Column, Education, Internet, California, Opinion, US, San Francisco, Tech, Diversity, Internet Service Providers, Broadband, Policy, Digital Media, Idaho


Creandum backs Amie, a new productivity app from ex-N26 product manager Dennis Müller

Amie, a new productivity app from ex-N26 product manager Dennis Müller, has picked up $1.3 million in pre-seed funding to “kickstart” development and hiring. Backing 23 year-old Müller is Creandum — the European VC best known for being an early investor in Spotify — along with Tiny.VC and a plethora of angels. They include Laura Grimmelmann (Ex-Accel), Nicolas Kopp (CEO, N26 U.S.), Roland Grenke (Dubsmash co-founder) and Zachary Smith (SVP of product at U.S. challenger bank Chime). Founded early...
Tags: Google, Fundings & Exits, Startups, TC, Spotify, Europe, Berlin, Tech, Alfred, Zachary Smith, Amie, Nicolas Kopp, Dennis Müller, Laura Grimmelmann, Roland Grenke Dubsmash


K Fund’s Jaime Novoa discusses early-stage firm’s focus on Spanish startups

Earlier this month, Spanish early-stage venture capital firm K Fund officially launched its second fund, which sits at €70 million, up from €50 million the first time around. Targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first checks in 25-30 companies. Meanwhile, a portion of the fund will also be set aside for follow-on funding for the most promising of its portfolio. Described as business model- and sector...
Tags: Startups, TC, Europe, Entrepreneurship, Tech, Spain, Barcelona, Fundraising, Portugal, Virtual Reality, Private Equity, Madrid, Financial Technology, Exoticca, Verified Experts, Extra Crunch


VCs are cutting checks remotely, but deal volume could be slowing

When COVID-19 began to shutter the United States economy, startups jumped into cost-cutting mode as expectations rose that venture capital was about to get a heck of a lot harder to raise. After all, prior downturns in the broader economy, and tech sector in particular, had taken a bite out of the ability for startups to attract new funds. PitchBook research shows that, in the wake of the 2008 financial crisis, the amount of money venture capitalists invested fell, with early-stage deal and doll...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Remote Work, United States, North America, Exchange, PitchBook, Market Analysis, OMERS Ventures, The Exchange, Damien Steel, Extra Crunch, OMERS Ventures Damien Steel



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