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Sarah Perez @ TechCrunch · 12/02/2020 10:27 EDT

Teen banking service Step raises $50M, adds TikTok star Charli D’Amelio to investor list

Step, a mobile banking service aimed at teens, announced this morning it has raised $50 million in Series B funding after growing to over 500,000 users only two months after its official launch. The round was led by Coatue, with returning investors from Stripe, Crosslink Capital, Collaborative Fund, and Will Smith’s Dreamers VC. The startup [
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TechCrunch
Jordan Crook @ TechCrunch · 12/02/2020 10:14 EDT

Welcome raises $6M to help your company hire and keep employees

Welcome, the HR software that helps organizations make and close offers to new candidates, announced the close of a $6 million seed round today, led by FirstMark Capital. Participating investors include Ludlow Ventures, Nat Turner and Zach Weinberg, and Keenan Rice and Ben Porterfield (which were existing investors), as well as a wide array of [
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TechCrunch
Kirsten Korosec @ TechCrunch · 12/02/2020 10:02 EDT

Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants

Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal.  The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting [
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TechCrunch
Ron Miller @ TechCrunch · 12/02/2020 10:00 EDT

Jitsu nabs $2M Seed to build open source data integration platform

Jitsu, a graduate of the Y Combinator Summer 2020 cohort, is developing an open source data integration platform that helps developers send data to a data warehouse. Today, the startup announced a $2 million seed investment. Costanoa Ventures led the round with participation from YCombintaor, The House Fund and SignalFire. In addition to the open [
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TechCrunch
Brian Heater @ TechCrunch · 12/02/2020 10:00 EDT

Qualcomm’s Snapdragon 888 will land on phones in Q1 2021

As promised, more info following yesterday’s Snapdragon 888 announcement. First off, as expected, the company’s next flagship SoC will arrive in the first quarter of next year. We’re still waiting on specific models, but as noted yesterday, the San Diego-based chip giant already has a lineup of smartphone makers planning to employ the 765 follow-up, [
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TechCrunch
Natasha Mascarenhas @ TechCrunch · 12/02/2020 09:00 EDT

Shop-Ware raises cash as cars make a comeback

Shop-Ware has been waiting for a year like 2020 since 2015. The startup, which sells software to neighborhood automotive shops to digitize their operations, had struggled to capture capital from venture firms. Until recently, its sole major investor was aftermarket automotive giant Bosch. For companies like Shop-Ware, the disruptive wake of COVID-19 has cleared a [
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TechCrunch
Brian Heater @ TechCrunch · 12/02/2020 09:00 EDT

Looking Glass’s next product is a holographic digital photo frame

Looking Glass’s technology is extremely cool, but has, thus far, been prohibitively expensive, ranging from $600 for its 8.9-inch product to $6,000 for the 15-inch model — and an undisclosed sum for its 32-inch 8K display. Portrait might not be the most technically ambitious or versatile product the Brooklyn-based startup has produced, but it’s easily [
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TechCrunch
Manish Singh @ TechCrunch · 12/02/2020 08:59 EDT

Jio Platforms backs SF-based AR gaming startup Krikey

Jio Platforms, the biggest telecom operator in India and which has raised over $20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based startup that develops augmented-reality mobile games. Jio has led the Series A fundraise of Krikey, founded by sisters Jhanvi and Ketaki Shriram, [
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TechCrunch
Jonathan Shieber @ TechCrunch · 12/02/2020 08:01 EDT

Florida-based logistics provider ShipMonk raises $290 million on the back of rising eCommerce demand

Jan Bednar started ShipMonk with $70,000 in winnings from a string of student business plan competitions and launched the business that just closed on $290 million in new funding from a small warehouse with no air conditioning in the middle of Florida. While Bednar’s new offices are still inside the warehouse his company operates, they [
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TechCrunch
Ingrid Lunden @ TechCrunch · 12/02/2020 06:03 EDT

Bizzabo raises $138M for a platform that helps you build and run virtual conferences

Conferences have — for better or worse (and if you’ve ever been trapped in a cavernous CES exhibition hall, you might say worse) — become a significant cornerstone of how industries engage with their audiences, whether they are comics superfans, or iOS developers, or insurance brokers. This year has undoubtedly seen a huge shift in [
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TechCrunch
Devin Coldewey @ TechCrunch · 12/02/2020 06:02 EDT

Genesis Therapeutics raises $52M A round for its AI-focused drug discovery mission

Sifting through the trillions of molecules out there that might have powerful medicinal effects is a daunting task, but the solution biotech has found is to work smarter, not harder. Genesis Therapeutics has a new simulation approach and cross-disciplinary team that has clearly made an impression: the company just raised a $52 million A round. [
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TechCrunch
Natasha Lomas @ TechCrunch · 12/02/2020 04:20 EDT

The UK approves the BioNTech/Pfizer COVID-19 vaccine for emergency use

The UK’s medicines regulator has approved the BioNTech/Pfizer vaccine against COVID-19 for emergency use, the companies said today. The UK is the first country to approve the vaccine for widespread use — paving the way for some of the most “high risk” citizens, such as elderly care home residents, to get the jab before the end [
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TechCrunch
Steve O'Hear @ TechCrunch · 12/02/2020 04:15 EDT

Monzo, the U.K. challenger bank, picks up additional ÂŁ60M in funding

Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another ÂŁ60 million in funding, priced the same as and effectively an extension of the its previous top-up round in June. This saw Monzo valued by private investors at around ÂŁ1.2 billion, marked by industry observers as a down round because [
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TechCrunch
Sarah Perez @ TechCrunch · 12/02/2020 03:01 EDT

Spotify launches ‘2020 Wrapped’ with new features including quizzes, badges and, yes, stories

Spotify is today launching its 2020 Wrapped personalized experience — the company’s popular year-end review of users’ favorite artists, songs, genres, and podcasts. This year, however, Spotify is making a few changes. For starters, Wrapped will be exclusively available on mobile for Spotify users, while a web experience will offer a version of Wrapped for [
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TechCrunch
Romain Dillet @ TechCrunch · 12/02/2020 02:00 EDT

Revolut launches early salary feature in the UK and web app

Fintech startup Revolut has two new features this week. First, the company is launching a web app for its regular users — not just business users. Second, in the U.K., Revolut has partnered with Modulr to let you receive your salary a day early. Revolut has historically focused its efforts on its mobile app. If [
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TechCrunch
Catherine Shu @ TechCrunch · 12/02/2020 00:07 EDT

Eat Just to sell lab-grown meat in Singapore after gaining “world first” regulatory approval

Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). The cell-cultured chicken will eventually be produced under Eat Just’s new GOOD Meat brand through partnerships with local manufacturers and go on sale to restaurants before it is available to consumers. No chickens were killed [
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TechCrunch
Sarah Perez @ TechCrunch · 12/02/2020 00:01 EDT

Apple releases its ‘Best of 2020’ App Store winners and most downloaded apps of the year

Apple today released its highly anticipated annual list of the best apps and games of 2020. As in previous years, App Store editors selected the winners based on factors like the app’s quality, creative design, usability and use of Apple technology, among other things. The “Best of 2020” winners this year include a number of [
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TechCrunch
Travis Bernard @ TechCrunch · 12/01/2020 22:50 EDT

Extra Crunch membership now available to readers in Israel

We’re excited to announce that Extra Crunch memberships are now available in Israel. That adds to our existing support in: United States Canada Argentina, Brazil, Mexico UK and select European countries Australia Sign up for Extra Crunch membership here. Use the code ISRAEL122020 during checkout for an additional 25% off an annual or 2-year plan. [
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TechCrunch
Greg Kumparak @ TechCrunch · 12/01/2020 19:56 EDT

Apple’s MagSafe Duo charger is now available

Back in October Apple announced the MagSafe Duo, a folding travel charger capable of charging both the iPhone and the Apple Watch simultaneously and wirelessly. In an unusual move, the company didn’t specify exactly when it’d start shipping — or even when it’d go up for sale. Some rumors suggested late December, while others were [
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TechCrunch
Connie Loizos @ TechCrunch · 12/01/2020 19:34 EDT

Longtime investor and operator Adam Nash says just launched a new fintech startup

Adam Nash, a Silicon Valley-born-and-bred operator and investor, is back at it again. Today, on his personal blog, he announced that he has started a consumer fintech company that has already garnered initial funding from Ribbit Capital, along with other “friends and angels” who appear to have also pitched into the round, including Box CEO [
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