Posts filtered by tags: Unicorn[x]


Forge’s SPAC deal is a bet on unicorn illiquidity

As Warby Parker, Freshworks, Amplitude and Toast look to list in the coming weeks, we shouldn’t forget the SPAC boom. This week, for example, Forge Global (Forge), a technology startup that operates a market for secondary transactions in private companies, announced that it would go public via a blank-check combination. And while we’re not unpacking every single SPAC combination that crosses our radar, the Forge deal is a good one to spend time parsing. The Exchange explores startups, markets a...
Tags: Fundings & Exits, Startups, Tech, Unicorn, Forge, SPAC, PitchBook, SharesPost, The Exchange, EC Newsletter

Daily Crunch: Apple urges users to update all devices after hacktivists reveal zero-day flaw

Hello and welcome back to Daily Crunch for September 13, 2021. This is Alex and I am back! A big thanks to Greg for taking over last week while I was on staycation. It is lovely to be back with you all. Before we dive into the news, a reminder that Disrupt is next week. So, make sure you have a ticket and get hype. More here. It’s going to be a heck of a show. TechCrunch Disrupt 2021 The TechCrunch Top 3+ The Apple-Epic war far from over: While the internet digests the recent, controver...
Tags: Apple, TC, Instagram, China, Boston, Africa, Tech, Ford, Alibaba, Gm, Alex, Shopify, Databricks, Unicorn, Sapphire Ventures, Mike

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

UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

Marshmallow — a U.K.-based car insurance provider that has made a name for itself in the market by providing a new approach to car insurance aimed at using a wider set of data points and clever algorithms to net a more diverse set of customers and provide more competitive rates — is announcing a milestone today in its life as a startup, as well as in the bigger U.K. tech world. The London company — co-founded by identical twins Oliver and Alexander Kent-Braham and David Goaté — has raised $85 mi...
Tags: TC, Europe, UK, London, Money, Car Insurance, Entrepreneurship, Finance, Funding, Articles, Insurance, Tech, Automotive, United Kingdom, Life Insurance, Private Equity

As its startup market accelerates, Brazil could be in for an IPO bonanza

Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom. According to data from KPMG, Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion flowed into domestic technology upstarts. That record stood until the second quarter of 2021 saw $2.7 billion raised by Brazilian startups. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter eve...
Tags: Fundings & Exits, Startups, Etsy, Softbank, Tech, Venture Capital, Technology startups, Brazil, Kpmg, Nubank, Initial Public Offering, Exchange, Unicorn, Sao Paulo, Luiza, The Exchange

The hyperactive late-stage market should keep the startup investing game afoot

As last week came to a close, funding news involving three major U.S. technology startups lit up on Twitter. Carta closed a $500 million Series G at a $7.4 billion price tag. Chime put together a $750 million round at a $25 billion valuation. And Discord was reported to be hunting up new cash that would value it at around $15 billion. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Each funding round has s...
Tags: Fundings & Exits, TC, Finance, Tech, Venture Capital, Valuation, Exchange, Startup Company, Unicorn, Cb Insights, Carta, Chime, Discord, The Exchange, Twitter Carta, EC Newsletter

New York City’s enterprise tech startups could be heading for a super-heated exit wave

We lied when we said that The Exchange was done covering 2021 venture capital performance. Yesterday, we dug into preliminary Q3 data for the Chinese startup market. This morning, we’re looking back at just what startups in New York City managed in the first half of the year. Some startups, at least. We paged through a report from New York City-based Work-Bench, a venture capital group focused on enterprise technology. The firm ran the numbers on Q1 and Q2 venture performance in their target mar...
Tags: Fundings & Exits, Startups, TC, New York, Enterprise, NYC, New York City, Tech, Venture Capital, Silicon Valley, Exchange, Unicorn, Cb Insights, Work-Bench, Jessica Lin, The Exchange

New York City’s enterprise tech startups could be heading for a superheated exit wave

We lied when we said that The Exchange was done covering 2021 venture capital performance. Yesterday, we dug into preliminary Q3 data for the Chinese startup market. This morning, we’re looking back at just what startups in New York City managed in the first half of the year. Some startups, at least. We paged through a report from New York City-based Work-Bench, a venture capital group focused on enterprise technology. The firm ran the numbers on Q1 and Q2 venture performance in their target mar...
Tags: Fundings & Exits, Startups, TC, New York, Enterprise, NYC, New York City, Tech, Venture Capital, Silicon Valley, Exchange, Unicorn, Cb Insights, Work-Bench, Jessica Lin, The Exchange

An Eduardo Saverin-backed exchange just became India's first crypto unicorn amid surging interest

Jordan Mansfield /Getty Images CoinDCX, India's biggest crypto exchange, announced on Tuesday a fresh valuation of $1.1 billion as crypto has grown parabolically in the country, according to a Bloomberg report. The new valuation cements the firm's status as India's first crypto unicorn and comes as investment in the country's digital-asset space has multiplied seven-fold in the past year. In an interview with Insider, co-founder and CTO Neeraj Khandelwal said that his comp...
Tags: Facebook, China, Russia, India, Trends, Markets, Bloomberg, Crypto, Cto, Eduardo Saverin, Unicorn, Chainalysis, Khandelwal, MI Exclusive, Crypto-exchange, Ethan Wu

Duolingo’s IPO pricing is great news for edtech startups

While the Chinese technology market digests a new regulatory landscape impacting the country’s edtech market in a sharply negative manner, U.S. education technology companies have something to cheer about: Duolingo’s IPO priced very well. The language-learning unicorn initially targeted an $85 to $95 per-share IPO price range. That interval was later raised to $95 to $100 per share. And then, last night, Duolingo priced at $102 per share, just over its raised range. That’s the sort of IPO pricin...
Tags: Fundings & Exits, Startups, Education, China, Ipo, Tech, United States, Edtech, Duolingo, Initial Public Offering, Valuation, Startup Company, Unicorn, EC Edtech, EC United States

Germany’s VC industry is ready to take off, but bureaucrats need to release the handbrake

Uwe Horstmann Contributor Share on Twitter Uwe Horstmann is co-founder and partner of the Berlin-based venture capital firm Project A Ventures. The narrative suggests that Germany is lagging behind its European neighbors when it comes to building a globally competitive venture capital market. But I think that the next five years will be huge for the German venture capital sector, and that the signs for the future are very posi...
Tags: Startups, TC, Column, Europe, Entrepreneurship, France, Germany, Berlin, Tech, Tesla, Eu, Munich, Venture Capital, Private Equity, Startup Company, Unicorn

HBO Max Commissions Wanninkhof Case Docu-Series with Unicorn Content (EXCLUSIVE)

HBO Max, which launches in Spain later this year, has commissioned Unicorn Content to produce a new six-part, true crime docu-series ahead of the occasion, “Dolores: The Truth About the Wanninkhof Case.” Originally convicted of murdering her former partner’s daughter, Dolores Vázquez, or Loli to her friends, turned out to be the victim of one […]
Tags: Hbo, News, Global, Spain, Unicorn, LOLI, HBO Max, Dolores Vázquez, Unicorn Content

SmartAsset rethinks financial advisory, and becomes a unicorn in the process

SmartAsset, a marketplace that connects consumers to financial advisors, announced today that it has raised $110 million in a Series D round of funding. The financing values New York-based SmartAsset at over $1 billion, and brings its total raised since its 2012 inception to just over $161 million, according to Crunchbase. TTV Capital led SmartAsset’s Series D, which also included participation from Javelin Venture Partners, Contour Venture Partners, Citi Ventures, New York Life Ventures, North ...
Tags: Google, TC, New York, Tech, Compass, Fintech, Unicorn, Mark Johnson, ARR, AUM, SmartAsset, Carvin, CMFG Ventures, TTV Capital, Michael Carvin, Robert Reffkin

Zero trust unicorn Illumio closes $225M Series F led by Thoma Bravo

Illumio, a self-styled zero trust unicorn, has closed a $225 million Series F funding round at a $2.75 billion valuation.   The round was led by Thoma Bravo, which recently bought cybersecurity vendor Proofpoint by $12.3 billion, and supported by Franklin Templeton, Hamilton Lane, and Blue Owl Capital.   The round lands more than two years after Illumio’s Series E funding round in which it raised $65 million, and fueled speculation of an impending IPO. The company’s founder, Andrew Rubin, stil...
Tags: Security, California, White House, Funding, America, Tech, Joe Biden, Information Technology, President, Computing, Formation 8, Andreessen Horowitz, Salesforce, Morgan Stanley, General Catalyst, Cyberwarfare

Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B

Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Didi is approaching the American public markets at a fortuitous moment. While the late-2020 IPO fervor, which sent offerings from DoorDash and others skyrocketing after their debuts, has cooled, valuations for public companies re...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, China, US, Tech, United States, Venture Capital, Carsharing, Unicorn, Doordash, Didi, GTV, EC News Analysis

Alba Orbital’s mission to image the Earth every 15 minutes brings in $3.4M seed round

Orbital imagery is in demand, and if you think having daily images of everywhere on Earth is going to be enough in a few years, you need a lesson in ambition. Alba Orbital is here to provide it with its intention to provide Earth observation at intervals of 15 minutes rather than hours or days — and it just raised $3.4M to get its next set of satellites into orbit. Alba attracted our attention at Y Combinator’s latest demo day; I was impressed with the startup’s accomplishment of already having ...
Tags: Fundings & Exits, Startups, TC, Gadgets, Y Combinator, Space, Hardware, California, Funding, Tech, Earth, Aerospace, Planet, James Park, Unicorn, Alba

Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle.   “We are receiving significant inbound for a Series B already,” he said. LatAm firms Valor Capital and Monashees Capital and U.K.-based Balderton Capital co-led the “massively oversubscribed” funding round, which...
Tags: Amazon, Fundings & Exits, Startups, TC, Facebook, Ecommerce, Europe, Balderton Capital, Mexico, Funding, Startup, Tech, Eu, European Union, E-commerce, Paypal

What the MasterClass effect means for edtech

MasterClass, which sells a subscription to celebrity-taught classes, sits on the cusp of entertainment and education. It offers virtual, yet aspirational learning: an online tennis class with Serena Williams, a cooking session with Gordon Ramsay. While there’s the off chance that an instructor might actually talk to you — it has happened before — the platform mostly just offers paywalled documentary-style content. The vision has received attention. MasterClass is raising funding that would value...
Tags: Startups, TC, Education, Microsoft, Entertainment, India, Funding, US, Toronto, Tech, Fundraising, Dell, Gordon Ramsay, Serena Williams, Edtech, Chess

Clearbanc rebrands its way into a unicorn

After five years of providing non-dilutive financing for founders, Clearbanc is tired of being only a bank. So, it’s rebranding, and has just raised $100 million Series C at a $2 billion valuation off of its broader ambitions. The new valuation is five times larger than it was when Clearbanc closed a Series B in 2019. Clearbanc has renamed itself Clearco, a move that is more in line with the company’s long-term vision of providing data-driven solutions for founders, say co-founders Michele Roman...
Tags: TC, Finance, Tech, Fundraising, Bank, Fintech, Unicorn, ARR, Romanow, D'Souza, Clearbanc, Michele Romanow, Andrew D'Souza, Clearco

Do you need a SPAC therapist?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was yet another busy week, but that just means we had a great time putting the show together and recording it. Honestly we have a lot of fun this week, and we hope that you crack a smile while we dig through the latest as a team. Ready? Here’s the rundown: The...
Tags: Apple, Fundings & Exits, Startups, TC, Ipo, Tech, Crypto, Ai, Chips, Slice, Equity, Alex, Edtech, Fintech, Coinbase, Unicorn

Outschool is the newest edtech unicorn

Outschool, a marketplace providing small-group, virtual after-school activities for children has raised a $75 million Series C led by Coatue and Tiger Global Management. TechCrunch first learned of the round from sources familiar with the transaction; the company confirmed the deal to TechCrunch later today. The new funding values Outschool’s at $1.3 billion, around 4 times higher than its roughly $320 million valuation set less than a year ago. To date, Outschool has raised $130 million in vent...
Tags: TC, UK, Education, Funding, Tech, United States, Fundraising, Airbnb, Tiger Global, Edtech, Early Stage, Unicorn, Pandemic, Series C, Outschool, COVID-19

European tech event mainstays Shift and TOA find new homes, new models, post-COVID

Given the pandemic, huge changes are being wrought in tech events, something which used to be the lifeblood of the industry. Many a startup has pitched to win funding, and many a hackathon has formed teams that went on to greater things. It’s a sad fact that this era is over, at least until the pandemic has fully passed, but this could take some time. Two significant European events have now had to change in order to carry their brands into new realms. European breakout success story Infobip (wh...
Tags: TC, Asia, Europe, Business, Berlin, US, Articles, Tech, Ceo, United States, Croatia, Latin America, Founder, Startup Company, Hellofresh, Unicorn

Luxury short-term rental unicorn Sonder in merger talks with SPAC

Luxury short-term rental startup Sonder is in talks to merge with blank-check company Gores Metropoulos II Inc. The deal would value the combined company at more than $2.5 billion.
Tags: Radio, Rentals, Unicorn, SPAC, Sonder, Select, Going Public, Special Purpose Acquisition Company, Short Term Rentals, Property Portfolio, Francis Davidson, Lucas Pellan, Merger Talks, Gores Metropoulos II Inc

Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics

A first look at UiPath’s IPO filing

This morning, well-known robotic process automation (RPA) unicorn UiPath has filed to go public. The company’s S-1 filing comes after it raised billions of dollars while private, making it amongst the best-funded startups in history. Over the last year, for example, the company’s rapid-fired fundraising included its Series E and Series F rounds of capital, both of which came inside the last 12 months. UiPath’s filing details a rapidly growing company. From its fiscal year ending January 31, 2020...
Tags: Fundings & Exits, Startups, Ipo, Tech, Artificial Intelligence, Software, Initial Public Offering, Exit, Unicorn, GAAP, RPA, Robotic Process Automation, UiPath, Public Markets, Series E, Alkeon Capital

Put Unicorn Jerky CBD in Your Mouth for 30% off, and Send $1 To The Trevor Project [Exclusive]

Unicorn Jerky CBD Candy | $19 | Sunday Scaries | Promo Code CHILLOUTUnicorn Jerky (Subscribe & Save) | $11 | Sunday Scaries | Promo Code CHILLOUTRead more...
Tags: Animals, Sunday, Lifehacks, Unicorn, Chow, Human Interest, Jerky, Gabe Carey, Unicorn Jerky CBD Candy, Unicorn Jerky, Fauna Of South America

Side raises $150M, hits unicorn valuation

The real estate brokerage startup plans to use the infusion of cash to fuel its expansion.
Tags: Technology, Radio, Compass, Side, Unicorn, Brokerage, Select, Real Estate Technology, Opendoor, Guy Gal

A free short story about anarchist unicorns dealing with opioids, immigration, and the Bible

A few years ago, my Clarion classmates and I were joking around about the tendency of "-punk" suffixes as a weird genre descriptor that, while useful, has nothing to do with punk. Someone tossed out the idea of "unicornpunk," and I quickly whipped this opening paragraph as an example of the genre: Glitterpiss had passed out in the back of a dilapidated rickshaw with a pair of shit-stained boxer briefs hanging off her rainbow horn. — Read the rest
Tags: Post, News, Fiction, The Bible, Short Stories, Unicorns, Short Fiction, Unicorn, Anarchists, Anarchism, Christian Anarchism, Bible Stories For Grownups, Glitterpiss, Sparklefuck, Unicornpunk

Backstage Capital’s Arlan Hamilton discusses how to find the next unicorn

Arlan Hamilton, the Backstage Capital founder and managing partner, joined us at TC: Sessions Justice to chat about how she vets founders beyond Stanford signal, the changing role of venture capital, how raising money from the community, versus institutional LPs, can impact Backstage strategy. On what makes a founder make sense for Backstage Capital In a world of $1 billion valuations for beta-stage startups and deals closed over the Twitter DMs within hours, it feels like the noisiest time i...
Tags: Startups, TC, Stanford, San Francisco, Diversity, SEC, Hamilton, Unicorn, Arlan Hamilton, Backstage Capital, TCJUSTICE, Backstage Capital Hamilton, Event Recap

Oscar Health prices IPO at $39 and secures a $9.5B valuation

Late last night Oscar Health, a tech-enabled medical insurance provider, priced its IPO at $39 per share. The final price came in $1 per share above its raised IPO guidance; Oscar Health had originally targeted a $32-$34 per-share IPO price. Some 37,041,026 shares were sold at $39, including 36,391,946 offered by the company itself. Not counting shares reserved for the company’s underwriters — more on those here — Oscar Health found at least $1.44 billion worth of demand for its equity at $39 ap...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, Vc, Oscar, Exit, Unicorn, Renaissance Capital, Oscar Health, Insurtech, Public Offering