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Natasha Lomas @ TechCrunch · 03/23/2021 08:42 EDT

Telegram raises $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds

Messaging platform Telegram, which recently passed 500 million monthly active users but still isn’t monetizing all the digital chatter it hosts — has taken in a little more funding to keep its engines ticking over. Mubadala Investment Company, the Abu Dhabi-based sovereign investor, is throwing in $75M in exchange for 5-year pre-IPO convertible bonds of […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/23/2021 08:05 EDT

Dataminr raises $475M on a $4.1B valuation for real-time insights based on 100k sources of public data

Significant funding news today for one of the startups making a business out of tapping huge, noisy troves of publicly available data across social media, news sites, undisclosed filings and more. Dataminr, which ingests information from a mix of 100,000 public data sources, and then based on that provides customers real-time insights into ongoing events […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/23/2021 08:00 EDT

Ghana’s Redbird raises $1.5M seed to expand access to rapid medical testing in sub-Saharan Africa

For patients and healthcare professionals to properly track and manage illnesses especially chronic ones, healthcare needs to be decentralized. It also needs to be more convenient, with a patient’s health information able to follow them wherever they go. Redbird, a Ghanaian healthtech startup that allows easy access to convenient testing and ensures that doctors and […] Read more

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TechCrunch
Ron Miller @ TechCrunch · 03/23/2021 08:00 EDT

ServiceNow takes RPA plunge by acquiring India-based startup Intellibot

ServiceNow became the latest company to take the robotic process automation (RPA) plunge when it announced it was acquiring Intellibot, an RPA startup based in Hyderabad, India. The companies did not reveal the purchase price. The purchase comes at a time where companies are looking to automate workflows across the organization. RPA provides a way […] Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 03/23/2021 08:00 EDT

Orca Security raises $210M Series C at a unicorn valuation

Orca Security, an Israeli cybersecurity startup that offers an agent-less security platform for protecting cloud-based assets, today announced that it has raised a $210 million Series C round at a $1.2 billion valuation. The round was led by Alphabet’s independent growth fund CapitalG and Redpoint Ventures. Existing investors GGV Capital, ICONIQ Growth and angel syndicate […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/23/2021 07:49 EDT

D2C furniture startups Tylko closes $26M Series C  growth round led by Pitango and Evli

Polish startup Tylko, a modular furniture company that employs Augmented Reality as part of its sales cycle, has closed a €22 million ($26m) investment Series C funding round, led by Israel-based Pitango Growth and Finnish Evli Growth Partners, following previous investors TDJ Pitango and Experior Venture Fund. Additionally, Brian Walker, former CEO of Hermann Miller, […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/23/2021 07:30 EDT

Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds

Buying and selling residential real estate is a complex business, no matter where you live. A slew of startups in the United States are focused on streamlining that process for people. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. One startup that has set out to serve […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/23/2021 05:47 EDT

Insuretech startup Counterpart raises $10M in funding round led by Valor Equity Partners

Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the ‘management liability’ insurance market. Counterpart will also partner with Markel Specialty, a specialty insurance division of Markel Corporation, to offer its management liability insurance products. Insuretech startups like Oscar, […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/23/2021 04:05 EDT

Jumio raises $150M as its all-in-one ID authentication platform crosses 300M verified identities

Digital identity services — used as a key link between organizations to verify that you are who you say you are online and individuals logging into those services — have come into their own in this past year. The pandemic has precipitated a shift where many services we might have used in person are now […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 03/23/2021 03:00 EDT

Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. For many, this makes it is difficult to secure loans and other services because they don’t have traditional financial records like a credit score. Jeff’s loan brokerage platform was created to make it easier […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/23/2021 02:12 EDT

Afriex raises $1.2M seed to scale its payments and remittances platform across Africa

Sending money from the U.S. to Nigeria can be a painstaking process. For remittance platforms like Western Union, it will cost a transfer fee and take between one to five business days for money sent from a U.S. debit card to enter a Nigerian bank account.  Crypto remittance platforms are rising to the challenge of […] Read more

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TechCrunch
Lucas Matney @ TechCrunch · 03/23/2021 01:35 EDT

Crypto social network BitClout arrives with a bevy of high profile investors, and skeptics

While much of the recent wave of relentless hype around NFTs — or non-fungible tokens — has been most visibly manifested in high-dollar art auctions or digital trading cards sales, there’s also been a relentless string of chatter among bullish investors who see a future that ties the tokens to the future of social media […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 03/23/2021 00:10 EDT

China to ban apps from collecting excessive user data starting May

Starting May 1, apps in China can no longer force users into providing excessive personal data, according to a document jointly released by a group of the country’s top regulators, the Cyberspace Administration, the Ministry of Industry and Information Technology, the Ministry of Public Security and the State Administration for Market Regulation. It’s a common […] Read more

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TechCrunch
Lucas Matney @ TechCrunch · 03/22/2021 20:20 EDT

Niantic announces partnership with Nintendo on new augmented reality ‘Pikmin’ title

Nearly five years after the launch of Pokémon Go, Niantic announced Monday that they are partnering with Nintendo to co-develop a new title based on the company’s Pikmin franchise. Niantic says the app is being developed in their Tokyo office and will launch later this year. “The app will include gameplay activities to encourage walking […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 03/22/2021 20:16 EDT

Tencent Music now has joint labels with all ‘big three’ record labels

The music streaming arm of Tencent is further tightening its ties with the “big three” record label companies, its major licensing partners. Tencent Music Entertainment announced Tuesday that it has formed a new joint label with Warner Music Group, following similar deals with Universal Music Group in August 2020 and Sony Music Entertainment in early […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 03/22/2021 20:08 EDT

Indian beauty e-commerce Purplle raises $45 million

Purplle, an e-commerce platform for beauty products in India, said on Monday it has raised $45 million in a new financing round as it looks to expand its presence in the world’s second largest internet market. The new round, a Series D, was financed by Sequoia Capital India and existing investors Verlinvest, Blume Ventures, and […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 03/22/2021 18:57 EDT

Ro raises $500M to grow its remote and in-home primary care platform

Healthcare tech startup Ro has raised $500 million to help fuel continued growth of its hybrid telehealth/in-home primary care platform, which also includes a growing pharmacy business as the company pursues a strategy of vertical integration to optimize delivery and reduce costs for clients. The company’s latest raise is a Series D round, and means […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/22/2021 18:38 EDT

Do we need so many virtual HQ platforms?

Teamflow, founded by ex-Uber manager Flo Crivello, has raised an $11 million Series A just three months after raising a $3.9 million seed for its virtual HQ platform. The latest round in the startup was led by Battery Ventures, with Menlo Ventures leading its previous financing event. Teamflow’s raise comes just days after competitor Gather […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 03/22/2021 18:24 EDT

Daily Crunch: Investors back away from Dispo

Dispo is in the midst of a sexual assault controversy, Zoom introduces an SDK and Android owners will have to continue waiting for Clubhouse access. This is your Daily Crunch for March 22, 2021. The big story: Investors back away from Dispo After a recent story in Business Insider brought allegations to light that a […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/22/2021 18:23 EDT

Coursera set to roughly double its private valuation in impending IPO

At its most generous share count and highest projected price, Coursera's valuation could reach $5.56 billion. Read more

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