Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Stripe responds to report that it seeks to raise $2B with a terse ‘no comment’ by Christine Hall originally published on TechCrunch... →
When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately-held startup. Defending that valuation appears to be proving challenging. The fintech company has reportedly approached investors about raising more capital — at least $2 billion — at a […]
Report: Stripe tried to raise more funding at a $55B-$60B valuation by Mary Ann Azevedo originally published on TechCrunch... →
Earlier this month, we reported that investors’ sentiments surrounding venture capital activity going into this were more reserved than upbeat. Investors believe the market correction, which caught up with the continent in the second half of 2022, will spiral into this year. But before that, there was shared optimism that African startups would raise more […]
How African startups raised venture capital in 2022 by Tage Kene-Okafor originally published on TechCrunch... →
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Daily Crunch: Berlin-based design platform Kittl raises $11.6M Series A to take on Adobe and Canva by Christine Hall originally published on TechCrunch... →
Orange is taking a different approach to EV charging, and it shared with us the deck it used to raise a $2.5 million seed round.
Pitch Deck Teardown: Orange’s $2.5M seed deck by Haje Jan Kamps originally published on TechCrunch... →
Meet Renaissance Fusion, a Grenoble-based startup that has been working on nuclear fusion for the past couple of years. The company recently raised $16.4 million (€15 million) in funding in a seed round led by Lowercarbon Capital. Several European investors also participated in the round, such as HCVC, Positron Ventures and Norssken. “We are proud […]
Renaissance Fusion raises $16.4 million to build nuclear fusion technology in Europe by Romain Dillet originally published on TechCrunch... →
Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz with participation from Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and […]
Method raises $16M to power loan repayment, balance transfers and more across fintech apps by Kyle Wiggers originally published on TechCrunch... →
Hawk AI, a German company developing anti-money laundering (AML) and tangential fraud prevention smarts for financial institutions, has raised $17 million in a Series B round of funding. Prior to now, Hawk AI had raised $10 million, and with a fresh $17 million in the bank, the company said that it plans to bolster its […]
Hawk AI, an anti-money laundering and fraud prevention platform for banks, raises $17M by Paul Sawers originally published on TechCrunch... →
Smart home energy startup Tado has raised €43 million ($46.9 million) in a round of funding led by Trill Impact Ventures, as the company pursues plans to become profitable in 2023. The raise comes a year after the German company announced plans to go public (“deSPAC”) via a special purpose acquisition company (SPAC), plans that […]
European smart thermostat startup Tado raises $46.9M after IPO plans falter by Paul Sawers originally published on TechCrunch... →
Generative AI is the tech industry’s buzzword of the moment. It’s no wonder — the VC firm Sequoia not long ago predicted that generative AI, which comprises AI that can generate text, art and more from prompts, could yield trillions of dollars in economic value over the long run. Is that simply the optimistic musing […]
Supernormal raises $10M to automatically transcribe and summarize meetings by Kyle Wiggers originally published on TechCrunch... →
Crowdbotics, a software development platform with a library of prebuilt app architectures, today announced that it raised $40 million in a Series B round led by NEA with participation from Homebrew, JSV, Harrison Metal and Cooley. The new cash will be put toward expanding Crowdbotics’ enterprise presence, CEO Anand Kulkarni told TechCrunch in an email […]
Crowdbotics raises $40M to help devs build apps from modular code by Kyle Wiggers originally published on TechCrunch... →
Many believe the key to keeping networks and data secure lies in watertight identity and log-in management, but what happens when you are using a variety of apps, platforms, and a hybrid of cloud and other servers and networks that cannot be used with the same ID management tool? A startup called Strata Identity working […]
Strata, a provider of identity orchestration to bridge disparate log-in procedures, raises $26M by Ingrid Lunden originally published on TechCrunch... →
Gemba, an enterprise-focused virtual reality (VR) training startup used by some of the world’s biggest companies, has raised $18 million in a Series A round of funding. Gemba designs and delivers so-called virtual “masterclasses” spanning subject matters such as supply chain management and lean manufacturing, working in conjunction with experts from the respective fields to deliver […]
Gemba, a corporate VR training platform used by Coca-Cola and Pfizer, raises $18M by Paul Sawers originally published on T... →
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (U.A.E) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for […]
Dubai-based accounting and financial compliance startup, Wafeq, raises $3M by Annie Njanja originally published on TechCrunch... →
Meet Oneleaf, a new startup that wants to make hypnosis mainstream. The startup has designed an app that helps you get started with hypnosis and follow various programs to quit smoking, reduce anxiety or lose weight. Oneleaf raised $4.6 million (€4.2 million) from Frst, Kima Ventures, Raise Ventures and several business angels. Bpifrance also contributed […]
Oneleaf is self-hypnosis app that guides you through audio programs by Romain Dillet originally published on TechCrunch... →
Less than a year after assuming the role, All Raise CEO Mandela SH Dixon has stepped down from her position at the nonprofit. The entrepreneur, who previously ran Founder Gym, an online training center for underrepresented founders, said in a blog post that the decision was made after she realized “being in the field working […]
All Raise CEO steps down again by Natasha Mascarenhas originally published on TechCrunch... →
TechCrunch Live is back! I’m thrilled to bring this event series back for its third season. We’re booked for months, and I’m delighted to host the upcoming guests. Join us for our first episode with Benchmark and Cambly taking place on February 1, 2023 at 11:30am PT / 2:30pm ET. TCL’s mission is still to […]
Hear how Cambly found profits after failing to raise a Series A on TechCrunch Live by Matt Burns originally published on TechCrunch... →
AI may be getting hyped as the next billion dollar (or, much bigger) opportunity these days after that mega round for OpenAI from Microsoft, but that rising tide is not lifting all boats. SoundHound — the voice AI company that provides conversational AI services for automotive, connected home and hospitality applications — earlier this month […]
SoundHound, the voice AI company, raises $25M after laying off 40% of staff earlier this month by Ingrid Lunden originally published on TechCrunch... →
The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budgets for SaaS purchases, looking to keep cash on hand while growing more efficiently. That’s why Kush Kella and Ahmed Sharif founded Vartana (which my colleague […]
B2B sales closing and financing platform Vartana raises $12M by Kyle Wiggers originally published on TechCrunch... →
It’s never been cheaper to send a spacecraft to orbit, but many companies are hamstrung by the complex and expensive demands of satellite mission management. Quindar wants to change that. The company, which just closed $2.5 million in seed funding, has built a web app for end-to-end satellite operations that it says will enable its […]
Six ex-OneWeb engineers raise $2.5M for Quindar to revolutionize satellite mission management by Aria Alamalhodaei originally published on TechCrunch... →