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SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing

In March 2019, SoftBank Group International made headlines when it announced the SoftBank Innovation Fund, which started out with a $2 billion commitment to invest in tech startups in Latin America. A lot has changed since then. SoftBank changed the name of the fund to the SoftBank Latin America Fund, or LatAm Fund for short. The Japanese investment conglomerate has dramatically ramped up its investing in the region, and so have a number of other global investors. In fact, venture capit...
Tags: Amazon, Startups, Mexico, Softbank, Funding, US, San Francisco, Tech, Venture Capital, Brazil, Argentina, Remove From TC River, Latin America, Early Stage, Crunchbase, Mckinsey


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


What minority founders must consider before entering the venture-backed startup ecosystem

Sesie Bonsi Contributor Share on Twitter Sesie Bonsi is the founder and CEO of Bleu, a financial technology platform focused on enabling touchless payment experiences. Funding for Black entrepreneurs in the U.S. hit nearly $1.8 billion in the first half of 2021 — a fourfold increase from the previous year. But most venture-backed startups are “still overwhelmingly white, male, Ivy-League-educated and based in Silicon Valley,” ...
Tags: Australia, Tech, New York Times, New Jersey, Ibm, Silicon Valley, Nielsen, Black, Crunchbase, Bleu, Department of Foreign Affairs and Trade, Stanford MIT, RateMyInvestor, Sesie Bonsi, Southeast Asia Nordic, Take Klarna


Is it so bad to take money from Chinese venture funds?

Denis Kalinin Contributor Share on Twitter Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. China is becoming a superpower in the tech industry. According to Straits Times, China is the only place in the world where it takes less than six years for a startup to become a unicorn — it takes seven year...
Tags: Startups, TC, Column, Asia, China, Germany, Singapore, Funding, Tech, Venture Capital, Private Equity, Crunchbase, Unicorn, CFIUS, Runa Capital, Runa


Snyk snags another $530M as valuation rises to $8.4B

Snyk, the Boston-based late-stage startup that is trying to help developers deliver more secure code, announced another mega-round today. This one was for $530 million, with $300 million in new money and $230 million in secondary funding, the latter of which is to help employees and early investors cash in some of their stock options. The long list of investors includes an interesting mix of public investors, VC firms and strategics. Sands Capital Ventures and Tiger Global led the round, with pa...
Tags: Security, Startups, Developer, Boston, Funding, Tech, Tiger Global, Temasek, Crunchbase, McKay, ARR, Peter McKay, Boston startups, Sands Capital Ventures, Snyk, Recent Funding


Snyk snags another $530M as valuation rises to $8.5B

Snyk, the Boston-based late-stage startup that is trying to help developers deliver more secure code, announced another mega-round today. This one was for $530 million on an $8.5 billion valuation, with $300 million in new money and $230 million in secondary funding, the latter of which is to help employees and early investors cash in some of their stock options. The $8.5 billion valuation was up from $4.7 billion in March when the company raised $300 million. The long list of investors includes...
Tags: Security, Startups, Developer, Boston, Funding, Tech, Tiger Global, Temasek, Crunchbase, McKay, ARR, Peter McKay, Boston startups, Sands Capital Ventures, Snyk, Recent Funding


SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing

In March 2019, SoftBank Group International made headlines when it announced the SoftBank Innovation Fund, which started out with a $2 billion commitment to invest in tech startups in Latin America. A lot has changed since then. SoftBank changed the name of the fund to the SoftBank Latin America Fund, or LatAm Fund for short. The Japanese investment conglomerate has dramatically ramped up its investing in the region, and so have a number of other global investors. In fact, venture capit...
Tags: Amazon, Startups, Mexico, Softbank, Funding, US, San Francisco, Tech, Venture Capital, Brazil, Argentina, Latin America, Early Stage, Crunchbase, Mckinsey, Aurora


Extra Crunch roundup: Toast and Freshworks S-1s, pre-pitch tips, flexible funding lessons

The digital transformation currently sweeping society has likely reached your favorite local restaurant. Since 2013, Boston-based Toast has offered bars and eateries a software platform that lets them manage orders, payments and deliveries. Over the last year, its customers have processed more than $38 billion in gross payment volume, so Alex Wilhelm analyzed the company’s S-1 for The Exchange with great interest. “Toast was last valued at just under $5 billion when it last raised, per Crunchbas...
Tags: Amazon, Fundings & Exits, Startups, TC, Cloud, Y Combinator, Enterprise, Boston, Tech, Getty Images, Venture Capital, Aws, SEC, Ec2, Amazon Web Services, Crunchbase


Extra Crunch roundup: Toast and Freshbook S-1s, pre-pitch tips, flexible funding lessons

The digital transformation currently sweeping society has likely reached your favorite local restaurant. Since 2013, Boston-based Toast has offered bars and eateries a software platform that lets them manage orders, payments and deliveries. Over the last year, its customers have processed more than $38 billion in gross payment volume, so Alex Wilhelm analyzed the company’s S-1 for The Exchange with great interest. “Toast was last valued at just under $5 billion when it last raised, per Crunchbas...
Tags: Amazon, Fundings & Exits, Startups, TC, Cloud, Y Combinator, Enterprise, Boston, Tech, Getty Images, Venture Capital, Aws, SEC, Ec2, Amazon Web Services, Crunchbase


UIPath CEO Daniel Dines is coming to TC Sessions: SaaS to talk RPA and automation

UIPath came seemingly out of nowhere in the last several years, going public last year in a successful IPO during which it raised over $527 million. It raised $2 billion in private money prior to that with its final private valuation coming in at an amazing $35 billion. UIPath CEO Daniel Dines will be joining us on a panel on automation at TC Sessions: Saas on October 27th. The company has been able capture all this investor attention doing something called Robotic Process Automation, which prov...
Tags: TC, Technology, Enterprise, Articles, Tech, Ceo, Artificial Intelligence, Software, Automation, Machine Learning, Salesforce, Databricks, Servicenow, Crunchbase, Dave Wright, RPA


Brex buys Weav, a universal API for commerce platforms, for $50M

Fintech Brex first partnered with Weav , a developer of a universal API for commerce platforms, last summer. In March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology. The results were impressive enough that by April, Brex co-founders Henrique Dubugras and Pedro Franceschi participated in Weav’s $4.3 million seed round as strategic angel investors. Over the past few months, the pair determined that Weav’s technology — and team — was too good...
Tags: Utah, New York, Israel, San Francisco, Tech, Brazil, Pedro, Crunchbase, FDIC, United States Canada, Henrique, DFI, Federal Deposit Insurance Corporation FDIC, Emigrant Bank, Brex, Henrique Dubugras


Robinhood buys Say Technologies for $140M to improve shareholder-company relations

U.S. consumer investing and trading service Robinhood announced this morning that it will acquire Say Technologies in a $140 million cash deal. Say Technologies is a venture-backed startup, having raised $8 million in 2018, per Crunchbase data. PitchBook data indicates that the company was worth $28 million on a post-money basis following the investment, implying that the company’s backers managed a roughly 5x return on their investment. Say was backed by Point72 Ventures, among other investors....
Tags: Fundings & Exits, TC, Spotify, Finance, Tech, Robinhood, Crunchbase, PitchBook Data, Say Technologies


Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

Last summer, in the wake of George Floyd’s murder, Best Buy committed to “do better ” when it came to supporting communities of color. As part of the retail giant’s self-proclaimed mission to better address underrepresentation and technology inequities, the company announced today that it is investing up to $10 million in Brown Venture Group . Minnesota-based Brown Venture Group is a three-year-old venture capital firm that has pledged to exclusively back Black, Latino and Indigenous te...
Tags: Minneapolis, Tech, Best Buy, Crunchbase, Campbell, Chris Brooks, Paul Campbell, Corie Barry, BIPOC, George Floyd, Brown Venture Group, Brown Venture Group Minnesota, Best Buy Teen Tech Centers


Apax to combine three social impact software companies in deal valued at $2B

Who says there is no big money in software aimed at helping people? Private equity firm Apax Funds announced this morning that it is combining three social impact firms to create a platform of sorts in a deal valued at $2 billion. To build this social good juggernaut, Apax went out and purchased EveryAction from Insight Partners and Social Solutions from Vista Equity Partners, two firms we often see involved in SaaS deals. The plan is to combine the two firms with CyberGrants, a company that Apa...
Tags: Fundings & Exits, Startups, TC, Microsoft, Steve Ballmer, M&a, Private Equity, Mergers and Acquisitions, Social Good, Social Impact, Crunchbase, Apax, Vista Equity Partners, Apax Partners, Apax Funds, Erin Mulligan Nelson


SoftBank-backed Embark Veterinary valued at $700M after $75M Series B

Now that you have that COVID dog, Embark Veterinary wants to help him or her be in your life for a long time by offering DNA testing with the goal of curbing preventable diseases and increasing the lifespan of dogs by three years within the next decade. The Boston-based dog genetics company raised $75 million in Series B funding in what the company is calling “the biggest Series B for a pet startup to date.” SoftBank Vision Fund 2 was the lead investor and was joined by existing investors F-Prim...
Tags: Health, Startups, TC, Dog, Boston, Pets, Dna, Softbank, Funding, Venture Capital, Biotech, 23andMe, Slow Ventures, Crunchbase, Sv Angel, SPAC


Michael Arrington’s next act

As longtime TechCrunch readers know well, Michael Arrington cofounded TechCrunch and Crunchbase, as well as the venture fund CrunchFund, which was later renamed Tuesday Capital. But In 2017, Arrington announced that he was shifting gears and becoming a full-time crypto investor, and despite a volatile ride since, he isn’t looking back, seemingly. As he said during an interview late last week, “I like reinventing myself and I think more people should do that.” On the heels of new fund announcemen...
Tags: TC, Asia, Europe, New York, California, Russia, San Francisco, Tech, Aol, Miami, SEC, Silicon Valley, Einstein, Michael Arrington, Sand Hill Road, Crunchbase


JLL, Khosla lead Jones’ $12.5M Series A for real estate vendor compliance

Commercial real estate tenants and property managers have to abide by strict liability rules that any vendor entering the property must have insurance certificates and meet other requirements. The approval process for this currently can take days and is still largely done on paper. Enter Jones. The New York-based commercial real estate startup is curating a marketplace of pre-approved vendors for tenants and property managers to find and hire the people they need in a compliant way. To continue ...
Tags: Startups, TC, Real Estate, New York, Enterprise, Funding, SaaS, Venture Capital, Jones, Khosla Ventures, Crunchbase, Stern, Lerner, Property Management, Omri Stern, Camber Creek


Startups have never had it so good

The venture capital market is racing ahead, foot on the gas, middle finger out the window, hair on fire. That’s our read of the Q2 2021 data released thus far concerning how much money venture capitalists deployed around the world during the second three months of the year. Startups have never had it this good when it comes to accessing private-market funds. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. ...
Tags: Fundings & Exits, Startups, TC, Asia, Europe, Tech, Canada, Venture Capital, Silicon Valley, Alex, Exchange, Crunchbase, Cb Insights, FactSet, Dealroom, The Exchange


Former Zillow execs raise $70M seed round for Tomo, which wants to simplify the mortgage process

There are so many startups pledging to reinvent the mortgage process that it’s hard to keep up. But for anyone who has had to go through the process of applying for one, it’s clear that there’s plenty of room for improvement. The latest startup to raise venture money with the goal of making the process “smarter and faster” is one that was founded by a pair of executives that spent years at real estate giant Zillow. Tomo is very early stage — so early stage that it is only launching operat...
Tags: Tech, Zillow, Trulia, Crunchbase, Flint, Schwartz, Armstrong, Pete Flint, Trulia Zillow, NFX, Ribbit Capital, Stamford CT, TOMO, Greg Schwartz, Nick Huber, Seattle Dallas


8 multi-billion IPOs that cemented Andreessen Horowitz's power

Marc Andreessen and Ben Horowitz have had several blockbuster exits in the past couple of years. AP Andreessen Horowitz earned its Silicon Valley power broker status by backing Facebook and Twitter. It's turned those wins into a decade of multi-billion exits. Here are the firm's eight biggest IPO exits since 2011. See more stories on Insider's business page. A decade after Marc Andreessen declared that software was "eating the world," his VC firm has notched a succession of m...
Tags: Facebook, Trends, IPOs, Zynga, SEC, Silicon Valley, Airbnb, Ben Horowitz, Andreessen Horowitz, Coinbase, Andreesen Horowitz, Marc Andreessen, Crunchbase, Tech Insider, Roblox, April Joyner


Facebook buys game studio BigBox VR

Facebook has bought several virtual reality game studios over the past couple years, and they added one more to their portfolio Friday with the acquisition of Seattle-based BigBox VR. The studio’s major title, Population: One, was one of the big post-launch releases for Facebook’s Oculus Quest 2 headset and is a pretty direct Fortnite clone, copying a number of key gameplay techniques while adapting them for the movements unique to virtual reality and bringing in their own lore and art style. As...
Tags: Facebook, Tech, Vr, Oculus, Virtual Reality, Oculus Rift, Seattle, Wearable Devices, Crunchbase, Shasta Ventures, Mixed Reality, Oculus Studios, GSR Ventures, Display technology, Pioneer Square Labs, ONward


Recorded Future launches its new $20M Intelligence Fund for early-stage startups

Threat intelligence company Recorded Future is launching a $20 million fund for early-stage startups developing novel data intelligence tools. The Intelligence Fund will provide seed and Series A funding to startups that already have venture capital funding, Recorded Future says, as well as equip them with resources to help with the development and integration of intelligence applications in order to accelerate their go-to-market strategy.   Recorded Future, which provides customers with inform...
Tags: Google, Security, Startups, Entrepreneurship, Finance, Tech, Information Technology, Computing, Machine Learning, Dark Web, Startup Company, Crunchbase, Prediction, Michael Triplett, Managing Partner, Christopher Ahlberg


Daily Crunch: A crowded market for exits and acquisitions forecasts a hot AI summer

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 9, 2021. Today was TC Sessions: Mobility, a rollicking good time and one that we hoped you enjoyed. Looking ahead, we’re starting to announce some speakers for Disrupt — including Accel’s Arun Mathew. Mark your calendars, Disrupt is going to be epic this year. — Alex The TechCrunch Top 3 Biden tears down Trump’s Chines...
Tags: Google, TC, Facebook, Europe, London, Tech, Cms, Ted, Brazil, Argentina, Uruguay, Bill, Biden, East Coast, Accel, Crunchbase


Amid housing shortage, investors double down on prefab startups

Construction startups have raised $1.5 billion since the start of this year as builders rush to address the shortage, according to Crunchbase.
Tags: Design, Radio, Crunchbase, Investors, Prefab, Housing Shortage, Modular Homes, Markets & Economy, VEEV, Prefabrication, Prescient


One Concern raises $45M from SOMPO to scale its disaster resilience platform across Japan

Climate change is intensifying across the globe, and one of the most challenging cases is Japan. In addition to lying on a major fault, the archipelago is increasingly inundated from rising sea levels that make the country more prone to disasters. A decade ago, the Tohoku earthquake and tsunami dealt billions of dollars in damage, and the recovery from that tragedy remains a major international relations flashpoint. Technology to address disasters and resilience is a key area of venture capital ...
Tags: Fundings & Exits, Startups, Japan, Government, Funding, Tech, SEC, GreenTech, Disaster Recovery, Nea, Crunchbase, Tohoku, Sompo, Sompo Holdings, Hitoshi Akimoto


WalkMe is going public: Let’s stroll through its numbers

Hot off the heels of our look into Marqeta’s IPO filing and dives into SPACs for Bright Machines and Bird, we’re parsing the WalkMe IPO filing. Later this week, Squarespace will direct list and we’ll see IPOs from Oatly and Procore. It’s a super busy time for public debuts of all sorts. Given how hectic the IPO market is, we’re going to skip our usual throat clearing and dig into WalkMe’s IPO document. As always, we’ll start with a brief overview of its product and then move into discussing its ...
Tags: TC, Enterprise, Ipo, Israel, Tech, SaaS, Squarespace, Enterprise Software, Crunchbase, ARR, WalkMe, Marqeta, Oatly, EC Enterprise Applications, EC Newsletter, UiPath IPO


Cisco to acquire Indy startup Socio to bring hybrid events to Webex

Cisco announced this morning that it intends to acquire Indianapolis-based startup Socio, which helps plan hybrid in-person and virtual events. The two companies did not share the purchase price. Socio provides a missing hybrid event management component for the company to add to its Webex platform. The goal appears to be to combine this with the recent purchase of Slido and transform Webex from an application mostly for video meetings into a more comprehensive event platform. “As part of Cisco ...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Tech, Cisco, Indianapolis, SaaS, Gm, M&a, Mergers and Acquisitions, Hyundai, Crunchbase, Exit, Leary


DataRobot expands platform and announces Zepl acquisition

DataRobot, the Boston-based automated machine learning startup, had a bushel of announcements this morning as it expanded its platform to give technical and non-technical users alike something new. It also announced it has acquired Zepl, giving it an advanced development environment where data scientists can bring their own code to DataRobot. The two companies did not share the acquisition price. Nenshad Bardoliwalla, SVP of Product at DataRobot says that his company aspires to be the leader in ...
Tags: Fundings & Exits, Startups, TC, Enterprise, Boston, Artificial Intelligence, M&a, Machine Learning, Mergers and Acquisitions, Crunchbase, Exit, DataRobot, Bardoliwalla, Boston startups, Zepl, Nenshad Bardoliwalla SVP


StuDocu raises $50M as its note-sharing network for college students passes 15M users

Whether learning online or taking a class in person, every student knows all too well how important it is to have good notes from your classes as a key way to remember and apply what you’ve been taught. Now, an Amsterdam-based startup called StuDocu, which has built a big and profitable business by way of a platform to help source and share the best student-created class notes, is announcing $50 million in funding on the heels of huge growth — a sign of demand and opportunity in the space. The S...
Tags: Notes, Europe, UK, Education, Australia, Funding, Tech, University, Netherlands, Amsterdam, Poland, Crunchbase, Academia, Delft, PitchBook, Partech


Fickle funding for women-led startups hurts femtech

It is difficult for startups to get off the ground, especially when they are women-focused The post Fickle funding for women-led startups hurts femtech appeared first on The Mail & Guardian.
Tags: Startups, Business, Breast Cancer, Investment, Paypal, Fertility, Venture Capital, Contraception, Reproductive Health, Glow, Max Levchin, Rwanda, Crunchbase, Menstruation, Cervical Cancer, Top Six