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Investor survey results: Upcoming trends in social startups

Voice-based social networks and gaming as a new form of identity were amongst the top emerging trends in consumer social startups, according to an Extra Crunch survey of top social tech investors. Meanwhile, anonymity and dating apps with a superfluous twist were spaces where investors were most pessimistic. Extra Crunch assembled a list of the most prolific and well-respected investors in social. Many have funded or worked for the breakout companies changing the way we interact with other peopl...
Tags: Social, Fundings & Exits, Startups, TC, Social Networks, Funding, Tech, Venture Capital, Andreessen Horowitz, Marketplaces, CRV, Investor Surveys, Investor Survey, Moore Justine Moore


Shippo raises a $30M Series C after posting rapid 2019 growth

Early this afternoon Shippo, a shipping software and services company, announced that it has closed a $30 million Series C. The funding round roughly doubles the capital that the firm has raised to-date, from a little over $29 million to just under $60 million. The round, however, wasn’t put together recently. As is often the case with funding events, Shippo raised its capital a while back and is only announcing it now. According to its CEO, Laura Behrens Wu, her startup started raising its S...
Tags: Amazon, Fundings & Exits, Startups, TC, Ecommerce, Wordpress, Tech, Paypal, Adyen, Shopify, Union Square Ventures, Shippo, Braintree, Bessemer, Catherine Stewart, Laura Behrens Wu


Daily Crunch: Airbnb raises another $1B

Airbnb turns to private equity for new funding, WhatsApp takes new steps to fight disinformation and another potential COVID-19 vaccine enters human trials. Here’s your Daily Crunch for April 7, 2020. 1. Airbnb turns to private equity to raise $1 billion Airbnb said Monday that it has raised $1 billion in debt and equity from PE firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic. Terms of the deal wer...
Tags: Fundings & Exits, Facebook, Funding, US, America, Tech, Cnn, Factual, Airbnb, Bill, Melinda Gates, Silver Lake, Matt Murphy, Menlo Ventures, Kleiner Perkins, Dennis Crowley


CNN preps NewsCo launch by acquiring personalization engine Canopy

Last year, The Information reported that CNN was working on a new digital news service to compete with the likes of Apple and Facebook. Today, some of those plans are taking shape. The Turner-owned news broadcaster has acquired Canopy, an all-purpose content personalisation that uses human curation, on-device machine learning and differential privacy to help readers discover things they actually want to see, while at the same kind keeping personal data private. The startup will become an anchori...
Tags: Apple, Google, Social, Fundings & Exits, TC, Media, Entertainment, Tech, Cnn, M&a, Canopy, Turner, Flipboard, Matrix Partners, Whitman, Facebook Today


CNN has acquired Canopy, a privacy-focused content personalization engine, for its upcoming news platform

Last year, The Information reported that CNN was working on a new digital news service to compete with the likes of Apple and Facebook. Today, some of those plans are taking shape. The Turner-owned news broadcaster has acquired Canopy, an all-purpose content personalisation that uses human curation, on-device machine learning and differential privacy to help readers discover things they actually want to see, while at the same kind keeping personal data private. The startup will become an anchori...
Tags: Apple, Google, Social, Fundings & Exits, TC, Media, Entertainment, Tech, Cnn, M&a, Canopy, Turner, Flipboard, Matrix Partners, Whitman, Facebook Today


How SaaS startups should plan for a turbulent Q2

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. We’ve dug into churn twice in the last week from an expert and data-based perspective. We’ve also spent a good amount of time talking to venture capitalists about how they are approaching today’s turbulent market. This morning we’re adding to both conversations by bringing Menlo Ventures‘ Matt Murphy into the discussion. Murphy spent 16 years at Kleiner Perkins before joining Me...
Tags: Fundings & Exits, Startups, TC, Tech, SaaS, Matt Murphy, Menlo Ventures, Kleiner Perkins, Murphy, Churn


Utah’s Podium raises $125M Series C led by YC after reaching $100M ARR

This morning, Utah-based SaaS startup Podium announced that it has closed a $125 million Series C led by Y Combinator’s Continuity fund, with participation from Sapphire Ventures and Alkeon, and Recruit Co. Ltd. Prior investors IVP, GV, Summit, and Accel also took part in the funding event. The new capital values Podium at around $1.5 billion, and brings the company’s known capital raised to just under $218 million. Notably, the venture round wasn’t put together back in Q4 2019 only to be ann...
Tags: Fundings & Exits, Startups, TC, Y Combinator, Utah, Boston, Tech, United States, SaaS, Sapphire, Accel, Sapphire Ventures, Rea, Podium, Silicon Slopes, Eric Rea


Bringg nabs $30M to expand its delivery logistics platform used by Walmart and others

Over the last several years, delivery services have become a key component of how retailers, or anyone selling or distributing products and services, do business. Now, with a global health pandemic in full swing keeping people indoors (and away from physical storefronts), delivery has become an essential must-have if you want your business to stay alive. Today, a startup called Bringg, which helps companies build and run delivery operations, is announcing a growth round of $30 million to meet ex...
Tags: Food, Fundings & Exits, Startups, TC, Ecommerce, Europe, Funding, Tel Aviv, Tech, Walmart, Logistics, Delivery, Coke, Sion, Gett, Bringg


BounceX cuts staff, reduces salaries in wake of COVID-19 economic disruptions

TechCrunch confirmed today that BounceX (the firm is rebranding this year) has executed layoffs and salary cuts in the wake of recent COVID-19-led economic disruptions. Many startups are undergoing staff cuts as the domestic and global economies slow, making individual reductions less newsworthy as the layoff tally rises. However, as BounceX is a company we’ve recently highlighted for its growth and capital efficiency, its own cuts are worth noting. Reductions TechCrunch was tipped concerning ...
Tags: Fundings & Exits, Startups, TC, Layoffs, Tech, Ryan, Personnel, Coronavirus, COVID-19, COVID, Bouncex, Wunderkind


Foursquare merges with Factual

Foursquare, the 10-year-old location platform based in New York City, has today announced its plan to merge with Factual. The terms of the deal were not disclosed. The merged company will keep the Foursquare moniker, and Foursquare CEO David Shim will remain at the helm, with Factual’s founder and now-former CEO Gil Elbaz joining Foursquare co-founder Dennis Crowley as a member of the board and executive team. Shim confirmed to TechCrunch that this merger was in the works before the coronavir...
Tags: Google, Fundings & Exits, Startups, TC, Facebook, Apps, New York, Advertising Tech, New York City, Tech, Factual, M&a, Mergers and Acquisitions, Upfront Ventures, Foursquare, Sdk


Equity Monday: Hunting for green shoots amid the startup data

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that we’ve done for more than three years still drops on Friday. Last week’s was a particular delight, so make sure you’re caught up. Ready? Let’s go. This weekend was busy, with Quibi launching, folks in the UK attacking 5G towers and Skype trying to steal some of Zoom’s thunder. News was dominated, as ...
Tags: Apple, Fundings & Exits, Startups, UK, Germany, Tech, United States, Portugal, Equity, Skype, Quibi, Equity Monday, Valispace


Equity Monday: Hunting for green shoots amidst the startup data

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that we’ve done for more than three years still drops on Friday. Last week’s was a particular delight, so make sure you’re caught up. Ready? Let’s go. This weekend was busy, with Quibi launching, folks in the UK attacking 5G towers and Skype trying to steal some of Zoom’s thunder. News was dominated, as ...
Tags: Apple, Fundings & Exits, Startups, UK, Germany, Tech, United States, Portugal, Equity, Skype, Quibi, Equity Monday, Valispace


Open banking fintech Yapily raises $13M Series A

Yapily, one of a number of fintech startups that offer an opening banking API to let enterprises, such as financial service providers and merchants, connect to banks, has raised $13 million in Series A funding. Leading the round is Lakestar, which is also a backer of fintech unicorn Revolut. Existing investors HV Holtzbrinck Ventures, and LocalGlobe also participated. Yapily last disclosed $5.4 million in seed funding in May 2019, and counts the likes of Taavet Hinrikus (TransferWise chairman an...
Tags: Fundings & Exits, Startups, TC, Europe, London, France, Tech, Ireland, Goldman Sachs, Fintech, Intuit QuickBooks, HV Holtzbrinck Ventures, Yapily, Taavet Hinrikus TransferWise, Stefano Vaccino Yapily, Ott Kaukver Twilio


The pendulum will swing away from founder-friendly venture raises

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning brought fresh economic bad news for the US economy, with over 700,000 jobs lost in the latest report, despite the window of time measured not including some of March’s worst days, and the data itself not counting as many individuals as it might have; the unemployment rate still rose nearly a full point to 4.4%. The barometer generally expected to rise far higher in ...
Tags: Fundings & Exits, Startups, US, Tech, Venture Capital, PitchBook


Nordic challenger bank Lunar adds €20M to its Series B

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but since acquired a full banking license last year, has extended it Series B round with an additional €20 million in funding. It brings the Series B total to €46 million, having disclosed €26 million in August last year. The Series B extension is led by Seed Capital, with participation from Greyhound, Socii and Augustinus. In addition, I’m told that David Helgason, founder of Unity Technologies, has ...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Zoopla, Cto, Oslo, Lunar, Nordics, PFM, Unity Technologies, David Helgason, Lars Andersen, Ken Villum Klausen, Ole Mahrt Monzo


SoftBank terminates $3B tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be , when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3BN in shares from existing WeWork shareholders. Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1BN for his shares in the co-work...
Tags: Fundings & Exits, Asia, Europe, Japan, Real Estate, Milan, China, India, Softbank, US, Tech, Mta, WeWork, Madrid, Meetup, WSJ


SoftBank terminates $3BN tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be , when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3BN in shares from existing WeWork shareholders. Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1BN for his shares in the co-work...
Tags: Fundings & Exits, Asia, Europe, Japan, Real Estate, Milan, China, India, Softbank, US, Tech, Mta, WeWork, Madrid, Meetup, WSJ


Addionics, a startup creating ‘next-gen’ batteries for electric cars and more, raises $6M

Addionics, an Israeli/U.K. startup that is developed next-generation rechargeable batteries for electric vehicles and other applications, has raised $6 million in funding. The round is led by Next Gear Ventures, and includes a $2.5 million grant as part of the European Union’s Horizon2020 innovation competition. Founded by former Imperial College London academics, Addionics has created what it claims are improved rechargeable batteries through a redesign of chargeable battery architecture. It...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, European Union, Imperial College London, Addionics, Vladimir Yufit, Yufit, Moshiel Biton Addionics CEO


Investors tell Indian startups to ‘prepare for the worst’ as Covid-19 uncertainty continues

Just three months after capping what was the best year for Indian startups, having raised a record $14.5 billion in 2019, they are beginning to struggle to raise new capital as prominent investors urge them to “prepare for the worst”, cut spending and warn that it could be challenging to secure additional money for the next few months. In an open letter to startup founders in India, ten global and local private equity and venture capitalist firms including Accel, Lightspeed, Sequoia Capital, and...
Tags: Fundings & Exits, Apps, Asia, Finance, India, Funding, Tech, Venture Capital, Zomato, Sequoia Capital, New Delhi, Lightspeed Venture Partners, Nexus Venture Partners, Bangalore, SAIF Partners, Accel


[Postponed] Join the FirstMark Capital squad for a live Q&A on Zoom tomorrow at 9am PDT

Update: Unfortunately, we’re going to have to postpone this call. We’ll be in touch soon with the new dates. In the meantime, we have plenty of exciting calls slated and can’t wait to share them with you. Stay tuned! Stuck at home? JK! I know you are! You’re not alone. FirstMark Capital partners Rick Heitzmann, Amish Jani, Matt Turck, Beth Ferreira, and Adam Nelson are also working from home. But neither distance nor virus can truly keep us all apart. That’s why I’m thrilled to announce that t...
Tags: Fundings & Exits, Startups, TC, Tech, FirstMark Capital, Firstmark, Nelson, Matt Turck, Beth Ferreira, Adam Nelson, Rick Heitzmann, Amish Jani, Eastern West Coast, Matt Turck Beth Ferreira, Heitzmann Jani Turck Ferreira


Join the FirstMark Capital squad for a live Q&A on Zoom tomorrow at 9am PDT

Stuck at home? JK! I know you are! You’re not alone. FirstMark Capital partners Rick Heitzmann, Amish Jani, Matt Turck and Beth Ferreira are also working from home. But neither distance nor virus can truly keep us all apart. That’s why I’m thrilled to announce that tomorrow at 12pm EDT/9am PDT, we will be joined by these wonderful FirstMark partners for a live Zoom chat. We’ll ask how they’re advising their portfolio companies during these challenging times, how COVID-19 has changed their inve...
Tags: Fundings & Exits, Startups, TC, Tech, FirstMark Capital, Firstmark, Ferreira, Matt Turck, Beth Ferreira, Rick Heitzmann, Amish Jani, Heitzmann Jani Turck, Eastern West Coast


How to value a startup in a downturn

The value of technology companies has fallen as the broader public markets have repriced themselves in light of COVID-19-related market and economic disruptions. And as the public markets sort out the new value of a huge piece of global business, private companies are being shaken as well. What happens in the public markets trickles into the private markets, so if we’re seeing the value of public tech companies fall, startups are going to take a hit. To understand that dynamic, we spoke with Mar...
Tags: Fundings & Exits, Startups, TC, Tech, Fundraising, SaaS, Venture Capital, Nasdaq, Valuations, Bessemer Venture Partners, Bessemer, CLTV, Onofrio, Walter Thompson, BVP, Holden Page


Palo Alto Networks to acquire CloudGenix for $420M

Palo Alto Networks announced today that it has an agreement in place to acquire CloudGenix for $420 million. CloudGenix delivers a software-defined wide area network (SD-WAN) that helps customers stay secure by setting policies to enforce compliance with company security protocols across distributed locations. This is especially useful for companies with a lot of branch offices or a generally distributed workforce, something just about everyone is dealing with at the moment as we find millions s...
Tags: Security, Fundings & Exits, TC, Enterprise, Tech, Palo Alto, M&a, Nikesh Arora, Mergers And Acquisitons, Palo Alto Networks, Arora, SD-WAN, Kumar Ramachandran Mani Ramasamy, Venkataraman Anand, PitchBook data Palo Alto Networks


Venture capital isn’t escaping the downward spiral of the global economy

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re looking at what venture capitalists got up to in the first quarter of the year and how they are really responding to the current global crisis. It’s easy to find mixed signals on Twitter, with some VCs noting that they have slowed their investing cadence or tightened criteria as the markets shed value. Others claim to be as active as before. Founders are repor...
Tags: Fundings & Exits, Startups, TC, Tech, United States, Venture Capital, COVID-19


Leading VCs discuss how COVID-19 has impacted the world of digital health

In December 2019, Extra Crunch spoke to a group of investors leading the charge in health tech to discuss where they saw the most opportunity in the space leading into 2020. At the time, respondents highlighted startups in digital therapeutics, telehealth and mental health that were improving medical practitioner efficiency or streamlining the distribution of care, amongst a variety of other digital health markets that were garnering the most attention. Where top VCs are investing in digital h...
Tags: Health, Fundings & Exits, Startups, TC, Science, Funding, Medical, Tech, Policy, Mental Health, Healthcare, Venture Capital, Biotech, Telemedicine, Diagnosis, Kleiner Perkins


Equity Monday: Three funding rounds and a downturn

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. If you missed Friday’s main episode, it was a fun one so take the time if you have the minutes; we’re settling into a new hosting lineup that is shaping up to be our best ever, so we’re having a blast even if we have to record remotely instead of in the same room. This morning was a bit of a mixed bag. The world is still in pretty bad shape as societies and governments work t...
Tags: Apple, Fundings & Exits, Startups, Microsoft, Tech, Kaizo, Equity podcast, Equity Monday, Indo Kaizo, Lanistar Looking, Bird TripActions ZipRecruiter


Air Doctor scores $7.8M to connect travellers with local doctors

Air Doctor, the health tech startup that connects travellers with local doctors, has raised $7.8 million in Series A funding. The round is led by Kamet Ventures (the AXA-backed venture builder), and The Phoenix Insurance Company. Founded in 2016, Air Doctor aims to empower travellers who get sick when abroad and need non-emergency advice or treatment. It has created a network of local private physicians that travellers can access, typically via travel insurance or perks. The platform is availabl...
Tags: Fundings & Exits, Startups, TC, Europe, Israel, Tech, South America, Axa, Phoenix, Kamet Ventures, Air Doctor, The Phoenix Insurance Company Founded, Jenny Cohen Derfler, Derfler


TechCrunch’s favorite companies from 500 Startups’ latest demo day

Today 500 Startups hosted a virtual demo day for its 26th batch of startups, a group of companies that TechCrunch covered back in February. 500 is not the only accelerator that moved its traditional investor pitch event online; Y Combinator made a similar move after efforts to flatten the spread of COVID-19 required changes that made its traditional demo day setup temporarily impossible. In addition to hosting a few dozen startup pitches today, 500 also explained changes to its own format and...
Tags: Fundings & Exits, Startups, Y Combinator, Tech, Fundraising, 500 Startups, Demo Day, Briza, Extra Crunch


Leading VCs discuss how COVID-19 is impacting real estate & proptech

Several months ago, we surveyed more than 20 leading real estate VCs to learn about what was exciting them most in the real estate tech sector and hear their opinions on proptech trends like co-working, flexible office space and remote office space. Since we published our survey, COVID-19 has flipped the real estate sector on its head as more companies move toward mandatory remote work, retail businesses are forced to temporarily shut their doors and high-traffic properties thin out. Suddenly, t...
Tags: Fundings & Exits, Startups, Real Estate, Funding, Tech, Venture Capital, Real Estate Tech, DreamIt Ventures, Thomvest Ventures, VC Survey, Andrew Ackerman, Urban-x, Urban.us, Stonly Baptiste, Micah Kotch, RET Ventures


Stripe leads $20M Series A into Fast, which is building a universal checkout service for e-commerce

Early this morning, Fast, a startup building platform-agnostic login and checkout services, announced that Stripe has led a $20 million investment into its business. Prior investors Index Ventures and Susa Ventures took part in the round. Susa previously participated in the company’s late-2019 round that Index led. Coming in late March, the new capital is a quick-follow to Fast’s November seed round. Such a rapid-fire deal would have felt right at home in mid-2019; to see two consecutive rounds ...
Tags: Google, Amazon, Fundings & Exits, Startups, TC, Tech, Holland, Stripe, Susa Ventures, Index Ventures, Index, SUSA, Fast, Recent Funding, Barr Allen, Domm Holland



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