Posts filtered by tags: Fundings & Exits[x]


New venture firm The-Wolfpack takes a fresh approach to D2C startups

The-Wolfpack’s co-founders, Toh Jin Wei, Tan Kok Chin and Simon Nichols (Image Credit: The-Wolfpack) The COVID-19 pandemic has hit the consumer, leisure and media companies hard, but a new venture firm called The-Wolfpack is still very upbeat on those sectors. Based in Singapore, the firm was founded by former managing directors at GroupM, one of the world’s largest advertising and media companies, and plans to work very closely with each of its portfolio companies. Its name was chosen becaus...
Tags: Fundings & Exits, Startups, TC, Asia, Media, Indonesia, Southeast Asia, Singapore, Tech, Leisure, Thailand, Venture Capital, Groupm, Nichols, Wolfpack, D2C

Working to understand’s growth story

The end-of-year IPO wave continues, this time with moving closer to its own formal debut by updating its S-1 filing with third-quarter data. The new data provides the market with a much better look into how the unicorn AI company’s business has progressed during the COVID-19 era, and should help public investors price the company’s equity as it looks to float. TechCrunch previously explored’s performance through the its July 31 quarter. Today we received information about its subsequ...
Tags: Fundings & Exits, Startups, TC, Tech, C3.AI, EC AI

Pay-per-mile auto insurer Metromile is heading to public markets via SPAC

Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The company, which was founded in 2011 and is led by CEO Dan Preston, said it has reached a merger agreement with special purpose acquisition company INSU Acquisition Corp. II, with an equity valuation of $1.3 billion. Metromile said it was able to raise $160 million in private investment in public equity...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, Mark Cuban, Nasdaq, Chamath Palihapitiya, Buffett, Social + Capital, SPAC, GEICO, Dan Preston, Palihapitiya, Clearbridge, Metromile Inc

Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom

Dija, a new U.K. based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. According to multiple sources, the round, which has yet to close, is being led by Blossom Capital, the early stage venture capital firm founded by ex-Index and LocalGlobe VC Ophelia Brown. It’s not clear who else is in the running, although I understand it was highly contested and the startup had offers from several top tier funds. Blossom Capital and Dija de...
Tags: Fundings & Exits, Startups, TC, Europe, Softbank, Tech, Italy, Morgan Stanley, Instacart, Saban, Accel, Deliveroo, Blossom Capital, DIJA, Alberto Menolascina, Yusuf Saban

As edtech grows cash rich, some lessons for early stage

Last week, Udemy, an online learning marketplace, raised $50 million at a $3.32 billion valuation, up from a $2 billion valuation earlier this year. Language learning app Duolingo raised $35 million on a $2.4 billion valuation, up from a $1.65 valuation from earlier this year. The valuation bumps for both Duolingo and Udemy underscore just how much investor confidence there is in edtech’s remote learning boom. Today, let’s examine some lessons early-stage startups can learn from late-stage edtec...
Tags: Fundings & Exits, TC, Education, Tech, Edtech, Duolingo, Udemy, Luis Von Ahn, Corporate Learning, Re-skilling

F3, a Stories-style Q&A app for Gen Z teens, raises $3.9M

F3, an anonymous Q&A app targeting Gen Z teens which blends a Tinder-style swipe-to-friend gamification mechanic, Stories-esque rich media responses and eye-wateringly expensive subscriptions to unlock a ‘Plus’ version that actually lets you see who wants to friend you — has raised a $3.9M seed round, including for a planned push on the US market. The Latvian team behind F3 are not new to the viral teen app game having founded the anonymous teen Q&A app — which faced huge controversy back...
Tags: Social, Fundings & Exits, Apps, Europe, US, Tech, IAC, Social Apps, Don, Alex Hofmann, Generation Z, F3, Mail ru Group, Snapchat TikTok, Q&A app, Marat Kichikov

3 new $100M ARR club members and a call for the next generation of growth-stage startups

Time flies. It was nearly a year ago that The Exchange started keeping tabs on startups that managed to reach $100 million in annual recurring revenue, or ARR. Our goal was to determine which unicorns were more than paper horses so we could keep tabs on upcoming IPO targets. We found that, Asana, WalkMe and Druva were impressively large and growing nicely. Since then two of the four companies from that post have gone public. GitLab, Egnyte, Braze and O’Reilly Media joined the club be...
Tags: Fundings & Exits, Startups, TC, Tech, Bill, Exchange, Udemy, Siteminder, O'Reilly, ARR, Druva, Usertesting, The Exchange, Zeta Global, Diligent, MetroMile Tricentis Kaltura

Altana raises $7M to protect supply chains from disruptions, child labor

Supply chains used to be one of those magical elements of capitalism that seemed to be designed by Apple: they just worked. Minus the occasional salmonella outbreak in your vegetable aisle, we could go about our daily consumer lives never really questioning how our fast-fashion clothes, tech gadgets, and medical supplies actually got to our shelves or homes. Of course, a lot has changed over the past few years. Anti-globalization sentiment has grown as a political force, driving governments like...
Tags: Apple, Fundings & Exits, Startups, New York, London, Funding, Tech, United States, United Kingdom, Logistics, Smith, Oracle, Sap, Battery Ventures, Trump, U S Customs

Industrial drone maker Percepto raises $45M and integrates with Boston Dynamics’ Spot

Consumer drones have over the years struggled with an image of being no more than expensive and delicate toys. But applications in industrial, military and enterprise scenarios have shown that there is indeed a market for unmanned aerial vehicles, and today, a startup that makes drones for some of those latter purposes is announcing a large round of funding and a partnership that provides a picture of how the drone industry will look in years to come. Percepto, which makes drones — both the hard...
Tags: Apple, Google, Amazon, Fundings & Exits, Verizon, Enterprise, Softbank, Funding, Israel, Tech, Artificial Intelligence, Nvidia, Robotics, Hyundai, Boston Dynamics, Koch Industries

Relativity Space raises $500 million as it sets sights on the industrialization of Mars

3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors, including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalyst and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first-ever f...
Tags: Fundings & Exits, TC, Space, Science, Tech, Nasa, Earth, Industrial Design, United States, 3d Printing, Long Beach, Relativity, Mars, Lockheed Martin, Robotics, Aerospace

Relativity Space raises $500 million as its sets sights on the industrialization of Mars

3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalist and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first ever fu...
Tags: Fundings & Exits, TC, Space, Science, Articles, Tech, Ceo, Nasa, Earth, Industrial Design, United States, 3d Printing, Long Beach, Printer, Relativity, Mars

Cure Hydration raises $2.6M for its healthy sports drink alternative

Cure Hydration is announcing that it has raised $2.6 million in seed funding as it brings a healthier approach to the sports beverage market. Founder and CEO Lauren Picasso, whose past roles include serving as director of marketing at, told me that she became interested in the market after training for a triathlon; she’d often feel dehydrated even after drinking lots of water. (This is also something I struggled with while training for a marathon last year — and yes, I’m only mentioning ...
Tags: Fundings & Exits, Startups, Ecommerce, Funding, Tech, United States, World Health Organization, Picasso, Lauren, Michael Katz, Lerer Hippeau, Philip Krim, CVS Walmart, Nick Green, Dana Cohen, Cure Hydration

AvePoint to go public via SPAC valued at $2B

AvePoint, a company that gives enterprises using Microsoft Office 365, SharePoint and Teams a control layer on top of these tools, announced today that it would be going public via a SPAC merger with Apex Technology Acquisition Corporation in a deal that values AvePoint at around $2 billion. The acquisition brings together some powerful technology executives with Apex run by former Oracle CFO Jeff Epstein and former Goldman Sachs head of technology investment banking Brad Koenig, who will now be...
Tags: Fundings & Exits, Startups, Enterprise, Microsoft, Tech, SaaS, Goldman Sachs, Oracle, Exit, SPAC, ARR, Koenig, Jiang, Apex, Jeff Epstein, Brad Koenig

Video mentoring platform Superpeer raises $8M and launches paid channels

Superpeer, a startup that helps experts share and monetize their knowledge online, is announcing that it has raised $8 million in additional funding. As I wrote in March, the Superpeer platform allows experts to promote, schedule and charge for one-on-one video calls with anyone who might want to ask for their advice. In addition to announcing funding, the startup is also moving beyond one-on-one sessions by launching paid channels, where experts can charge a subscription fee for access to large...
Tags: Fundings & Exits, Funding, Tech, Squarespace, Eniac Ventures, Anthony Ha, OnDeck, Superpeer, Devrim Yasar, Yasar, Prox Yasar, Brianne Kimmel Scott Belsky

Mental health startups are raising spirits and venture capital

A spate of startups focused on mental health recently made enough noise as a group that they caught the eye of the Equity podcast crew. Sadly, the segment we’d planned to discuss this topic was swept away by a blizzard of IPO filings that piled up like fresh snow. But in preparation, I reached out to CB Insights for new data on the mental health startup space that they were kind enough to supply. So this morning we’re going to dig into it. Regular readers of The Exchange will recall that we last...
Tags: Health, Fundings & Exits, Startups, TC, Tech, Talkspace, Exchange, Cb Insights, Headspace, Calm, The Exchange, Mantra Health, Joon Care

Equity Monday: Good vaccine news, three rounds, and why IPOs are trending

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 weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out last Thursday’s main ep, and our bonus episode that went out on Sat...
Tags: Apple, Fundings & Exits, Startups, Digital, America, Tech, Equity, Tomasz Tunguz, Equity podcast, Credit Key

Former Sequoia Partner Amy Sun has already raised millions for her stealthy startup

Former Sequoia partner Amy Sun, who left the famed venture capital firm just months ago, has already raised $3.8 million for her new startup, Daylight Labs, SEC filings show. Daylight Labs will be creating a solution to help gig economy workers make more money, Sun hints to TechCrunch. Still in the early product development stages, the startup began during the pandemic when Sun noticed how many industries were “completely decimated” by the crisis. “How can you leverage technology to create new w...
Tags: Fundings & Exits, Startups, TC, Facebook, Lyft, Uber, Microsoft, California, Tech, Austin, Harvard, Sun, SEC, Sequoia Capital, Sequoia, Facebook Stories

Corporate services platform Sleek lands $4 million in new funding

Sleek, the corporate services platform that helps entrepreneurs launch and run new companies in Singapore and Hong Kong, has raised $4 million. The new funding was led by SEEDS Capital, the investment arm of government agency Enterprise Singapore. Returning investors MI8 Limited and Pierre Lorinet also participated, along with Singapore Fintech Association co-founder Varun Mittal as part of Sequoia Capital’s scout program. Sleek co-founder and chief growth officer Adrien Barthel told TechCrun...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Australia, Southeast Asia, Singapore, Tech, United Kingdom, North America, Sequoia Capital, Sleek, Barthel, Corporate Services, Varun Mittal

Metigy gets $20 million AUD to making online marketing easier for SMEs

David Fairfull, CEO and co-founder of Metigy Metigy, a marketing platform created to help small businesses automate more of the decision making in their online ad campaigns, has raised a Series B of $20 million AUD (about $14.6 million USD). The new funding, led by returning investor Cygnet Capital, will be used to grow the Sydney, Australia-based startup’s international customer base, especially in the United States and Southeast Asia. Other participants in the round included Regal Funds ...
Tags: Google, Fundings & Exits, Startups, TC, Asia, Advertising Tech, Australia, Southeast Asia, Marketing, Tech, United States, Sydney, Oscar, New Zealand, Royal Family, Hootsuite

How the pandemic drove the IPO wave we see today

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. I had a neat look into the world of mental health startup fundraising planned for this week, but after being slow-motion carpet-bombed by S-1s, that is now shoved off to Monday and we have to pause and talk about COVID-19. The pandemic has been the most animating force for startups and venture capital in 2020, discounting the slow movement of glob...
Tags: Google, Fundings & Exits, Startups, Ipo, Virginia, United States, Bird, Airbnb, Exchange, Sapphire Ventures, Byron Deeter, Doordash, Bessemer, Klarna, SPAC, Peloton

All IPOs should be paid for in Robux

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This is an all-time first for the show, it’s an Equity Leftovers. Which means that we’re not focusing on a single topic like we would in an Equity Shot. This is just, well, more Equity. Danny and I and Chris got together to chat about a few things that we could not leave out: Our piece looking at which venture capital firms are expected to make t...
Tags: Apple, Fundings & Exits, Startups, Tech, Robinhood, Wish, Chris, Doordash, Danny, Roblox, Robux, Equity podcast

Extra Crunch roundup: A fistful of IPOs, Affirm’s Peloton problem, Zoom Apps and more

DoorDash, Affirm, Roblox, Airbnb, and Wish all filed to go public in recent days, which means some venture capitalists are having the best week of their lives. Tech companies that go public capture our imagination because they are literal happy endings. An Initial Public Offering is the promised land for startup pilgrims who may wander the desert for years seeking product-market fit. After all, the “I” in “ISO” stands for “incentive.” A flurry of new S-1s in a single week forced me to r...
Tags: Fundings & Exits, Startups, TC, Gaming, Entrepreneurship, China, Ipo, India, San Francisco, Tech, ISO, NewCo, Alibaba, Venture Capital, Airbnb, Autodesk

Kea raises $10M to build AI that helps restaurants answer the phone

Kea is a new startup giving restaurants an opportunity to upgrade one of the more old-fashioned ways that they take orders — over the phone. Today, Kea is announcing that it has raised a $10 million Series A led by Marbruck, with participation from Streamlined Ventures, Xfund, Heartland Ventures, DEEPCORE, Barrel Ventures and AVG Funds, as well as angel investors Raj Kapoor (chief strategy officer at Lyft), Craig Flom (who was on the founding team at Panera Bread), Wingstop franchisee Tony Lam a...
Tags: Google, Fundings & Exits, Startups, Funding, Tech, John, Raj Kapoor, Primanti Brothers, Kea, Ahmad, Tony Lam, Helen Rosner, Marbruck, Lyft Craig Flom, Panera Bread Wingstop, Jonathan Kelly Founder

A16z is now managing $16.5 billion, after announcing two new funds

Andreessen Horowitz (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a $3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request for comment. The funds may seem somewhat typical, given the size of new funds that venture firms have been raising in recent years, Still, these are e...
Tags: Fundings & Exits, TC, Microsoft, Ipo, San Francisco, Tech, Venture Capital, Fund, Airbnb, Andreessen Horowitz, New York Stock Exchange, Github, Justice Department, Affirm, Early Stage, Anthony Albanese

Onit acquires legal startup McCarthyFinch to inject AI into legal workflows

Onit, a workflow software company based in Houston with a legal component, announced this week that it has acquired 2018 TechCrunch Disrupt Battlefield alum McCarthyFinch.  Onit intends to use the startup’s AI skills to beef up its legal workflow software offerings. The companies did not share the purchase price. After evaluating a number of companies in the space, Onit focused on McCarthyFinch, which gives it an artificial intelligence component the company’s legal workflow software had been...
Tags: Fundings & Exits, Startups, TC, Enterprise, Tech, Artificial Intelligence, New Zealand, M&a, Houston, Legal Technology, Battlefield, Exit, Whitehouse, TechCrunch Disrupt Battlefield, Elfman, McCarthyFinch

What is Roblox worth?

With Roblox joining the end-of-year unicorn stampede towards the public markets, we’re set for a contentedly busy second half of November and early December. I hope you didn’t have vacation planned in the next few weeks. This morning we need to get deeper into the Roblox S-1 so that we can better understand the nature of its revenue generation. Why? Because we want to start working on what the gaming company is worth; some comparisons are being made to Unity, another unicorn that went public ear...
Tags: Fundings & Exits, Startups, TC, Gaming, Tech, Crunchbase, Unity, Natasha, Roblox, The Exchange, Robux

Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

This morning Wish, a well-known mobile ecommerce startup, filed to go public. It joins Affirm, Airbnb, and Roblox in filing this week as many well-known and valuable private companies look to debut before the year ends and the holidays start. Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. As going to stores became more risky over time, many shoppers...
Tags: Fundings & Exits, Startups, TC, Apps, Tech, Paypal, DST Global, Wish, EBITDA, Shopify Bigcommerce, Roblox, COVID, Peter Szulczewski Wish

FireEye acquires Respond Software for $186M, announces $400M investment

The security sector is ever frothy and acquisitive. Just last week Palo Alto Networks grabbed Expanse for $800 million. Today it was FireEye’s turn, snagging Respond Software, a company that helps customers investigate and understand security incidents, while reducing the need for highly trained (and scarce) security analysts. The deal has closed, according to the company. FireEye had its eye on Respond’s Analyst product, which it plans to fold into its Mandiant Solutions platform. Like many ...
Tags: Security, Fundings & Exits, Startups, TC, Enterprise, Tech, M&a, Machine Learning, Mergers and Acquisitions, Fireeye, Blackstone, Foundation Capital, Palo Alto Networks, Exit, CRV, Kevin Mandia

Roblox files to go public

Roblox, the child-friendly gaming company, filed to go public today. Its listing comes one day after the lending company Affirm initiated its own public offering and a mere two days after Airbnb’s filing. Roblox filed confidentially to go public in mid-October, but its numbers were unreleased until today when it published its S-1 document. The company is not the first gaming platform company to go public this year, with gaming engine Unity debuting earlier this year. After its IPO, Unity ...
Tags: Fundings & Exits, Startups, Apps, Tech, SEC, Airbnb, Andreessen Horowitz, New York Stock Exchange, Tiger Global, Initial Public Offering, First Round Capital, Exit, Index Ventures, Unity, GAAP, ALTOS

Fintech unicorn Affirm has a lot of eggs in one basket

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week wound being incredibly busy. What else would a week that included both the Airbnb and Affirm IPO filings, a host of mega-rounds for new unicorns, some fascinating smaller funding events, and some new funds? So we had a lot to get through, but with Chris and Danny and Natasha and your humble servant, we dove in headfirst: Affirm has file...
Tags: Apple, Fundings & Exits, Startups, Tech, Tencent, Equity, Robinhood, Chris, Danny, Natasha, Equity podcast

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