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Catherine Shu @ TechCrunch · 01/13/2021 22:30 EDT

Grab Financial Group raises $300 million Series A led by Hanhwa Asset Management

Grab Financial Group said today it has raised more than $300 million in Series A funding, led by South Korean firm Hanhwa Asset Management, with participation from K3 Ventures, GGV Capital, Arbor Ventures and Flourish Ventures. The Financial Times reports that the funding values Grab Financial, a subsidiary of ride-hailing and delivery giant Grab, at […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 01/13/2021 22:00 EDT

Digital road freight forwarder Sennder raises $160M Series, plans European expansion

Sennder, a large digital road freight forwarder based out of Germany, has raised $160m in Series D financing. The round was led by an unnamed party, but round participants included Accel, Lakestar, HV Capital, Project A and Scania. To date, Sennder has raised more than $260m, allowing it to lay claim to a potential $1bn […] Read more

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TechCrunch
Lucas Matney @ TechCrunch · 01/13/2021 21:05 EDT

Madrona promotes Anu Sharma and Daniel Li as Partners

Fresh off the announcement of more than $500 million in new capital across two new funds, Seattle-based Madrona Venture Group has announced that they’re adding Anu Sharma and Daniel Li to the team’s list of Partners. The firm, which in recent years has paid particularly close attention to enterprise software bets, invests heavily in the […] Read more

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TechCrunch
Lucas Matney @ TechCrunch · 01/13/2021 19:41 EDT

Snapchat permanently bans President Trump’s account

Quite a bit has happened since Snapchat announced last week that it was indefinitely locking President Trump’s Snapchat account. After temporary bans from his Facebook, Instagram and YouTube accounts as well as a permanent ban from Twitter, Snap has decided that it will also be making its ban of the President’s Snapchat account permanent. Thought […] Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 01/13/2021 19:29 EDT

Trump circumvents Twitter ban to decry ‘unprecedented assault on free speech’

Following a comprehensive ban from Twitter and a number of other online services following last week’s assault on the Capitol by his followers, President Trump managed to put out a tweet in the form of a video address touching on the “calamity at the Capitol”… and, of course, his deplatforming. In the video, Trump instructs […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 01/13/2021 19:03 EDT

Feds asks Tesla to recall 158,000 vehicles over failing touchscreen displays

U.S. safety regulators have asked Tesla to recall 158,000 vehicles over media control unit failures that cause the touchscreen displays to stop working, following a months-long investigation by the National Highway Traffic Safety Administration. The Office of Defects Investigation unit of the agency determined that the failure of the media control unit is a safety […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 01/13/2021 19:00 EDT

Tokyo-based SODA, which runs Japan’s largest sneaker resell platform, lands $22 million led by SoftBank Ventures Asia

Tokyo-based SODA, which runs sneaker reselling platform SNKRDUNK, has raised a $22 million Series B led by SoftBank Ventures Asia. Investors also included basepartners, Colopl Next, THE GUILD and other strategic partners. Part of the funding will be used to expand into other Asian countries. Most of SNKRDUNK’s transactions are within Japan now, but it […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 01/13/2021 18:34 EDT

Pace launches out of private beta with a plan to scale virtual group therapy

One in five people have a mental health illness. Pace, a new startup founded by Pinterest and Affirm executives, wants to pay attention to the other four in that statistic. “Nobody is perfectly mentally healthy all the time,” said Jack Chou, Pace co-founder. “It’s a non-existent idea, everyone is sort of swimming in between being […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 01/13/2021 18:11 EDT

Robotic exoskeletons promise increased mobility and job assistance

The last several years have seen a substantial increase of ability for robotic exoskeleton technology. Completely understandable. For one thing, it’s that rare technology you encounter that really feels like it’s going to change lives for the better the first time you see it. I’ve had a number of demos with companies that frankly took […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/13/2021 18:10 EDT

Daily Crunch: Airbnb cancels all DC bookings during inauguration week

Airbnb takes a big step to avoid violence at the inauguration, Intel gets a new CEO and Affirm goes public. This is your Daily Crunch for January 13, 2021. The big story: Airbnb cancels all DC bookings during inauguration week Airbnb said today that “in response to various local, state and federal officials asking people […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 01/13/2021 16:59 EDT

UK on-demand supermarket Weezy raises $20M Series A led by NYC’s Left Lane Capital

Weezy — an on-demand supermarket that delivers groceries in fast times such as 15 minutes — has raised $20 million in a Series A funding led by New York-based venture capital fund Left Lane Capital. Also participating were UK-based fund DN Capital, earlier investors Heartcore Capital and angel investors, notably Chris Muhr, the Groupon founder. […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 01/13/2021 16:34 EDT

Zocdoc founder returns with Shadow, an app that finds lost dogs

Every year, around 10 million pets go missing in the U.S., and millions of those end up in shelters where they aren’t always reunited with their owners, due to their lack of identification or a microchip. A new mobile app, Shadow, aims to tackle this problem by leveraging a combination of a volunteer network and […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 01/13/2021 16:31 EDT

Telegram blocks ‘dozens’ of channels threatening violence

With many social networks suddenly reevaluating their policies in light of political violence in the U.S., the popular messaging app Telegram is implementing a crackdown of its own. Telegram confirmed to TechCrunch that it has removed “dozens” of public channels over the course of the last 24 hours after those accounts, some of which have […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 01/13/2021 15:35 EDT

Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers, startups

The electric, autonomous vehicles of the future might be manufactured by Apple’s main supplier Foxconn and Chinese automaker Zhejiang Geely Holding Group. The two companies have agreed to form a joint venture focused on contract manufacturing for automakers, with a specific focus on electrification, connectivity and autonomous driving technology as well as vehicles designed for […] Read more

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TechCrunch
Travis Bernard @ TechCrunch · 01/13/2021 15:12 EDT

Survey: Help shape the future of TechCrunch

We’re always looking to make TechCrunch better, and part of that is regularly gathering feedback from the people that matter most – our readers. We’ve compiled a short survey, and we’d appreciate it if you could take a few minutes to respond.  The survey can be found here. We look forward to hearing your product […] Read more

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TechCrunch
Walter Thompson @ TechCrunch · 01/13/2021 14:45 EDT

An argument against cloud-based applications

The cloud isn't some omnipotent enemy here, but it is the excuse and tool that allows the mass collection of our personal data. Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 01/13/2021 14:01 EDT

These robo-fish autonomously form schools and work as search parties

Researchers at Harvard’s Wyss Institute for Biologically Inspired Engineering have created a set of fish-shaped underwater robots that can autonomously navigate and find each other, cooperating to perform tasks or just placidly school together. Just as aerial drones are proving themselves useful in industry after industry, underwater drones could revolutionize ecology, shipping, and other areas […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 01/13/2021 13:41 EDT

Venture capitalists react to Visa-Plaid deal meltdown

Most of the takes we received were bullish regarding Plaid's chances now that it's no longer being acquired. Read more

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TechCrunch
Ron Miller @ TechCrunch · 01/13/2021 13:15 EDT

Pat Gelsinger stepping down as VMware CEO to replace Bob Swan at Intel

In a move that could have wide ramifications across the tech landscape, Intel announced that VMware CEO Pat Gelsinger would be replacing interim CEO Bob Swann at Intel on February 15th. The question is why would he leave his job to run a struggling chip giant. The bottom line is he has a long history […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 01/13/2021 12:56 EDT

Affirm doubles after starting to trade despite strong IPO pricing

Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectations. The pop comes after Affirm raised its pricing range earlier this week, to $41 to $44 per share, up from an initial range of […] Read more

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