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Frederic Lardinois @ TechCrunch · 03/17/2021 08:00 EDT

Vulcan Cyber raises $21M Series B for its vulnerability remediation platform

Tel Aviv-based Vulcan Cyber, a cybersecurity startup that helps businesses prioritize and fix security vulnerabilities, today announced that it has raised a $21 million Series B funding round led by Dawn Capital. Wipro Ventures and existing investors YL Ventures and Ten Eleven Ventures also participated in this round. The company says it will use the […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 03/17/2021 07:39 EDT

PayFit raises $107 million for its payroll and HR platform

French startup PayFit has raised a $107 million series D funding round (€90 million). Eurazeo Growth and Bpifrance’s Large Venture fund are leading today’s round. Existing investors Accel, Frst and Xavier Niel are participating once again. PayFit has been building a payroll and HR software-as-a-service platform. It lets you manage your payroll from a web […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/17/2021 07:23 EDT

Incredibuild gets $140M to speed up games and other software development with distributed processing tech

Many of us are working in distributed environments these days, and in the best scenarios, it might actually have improved rather than impeded our productivity. Today, a company that has built technology that taps into that concept as it applies to computing is announcing a large round of funding to boost its growth after a […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/17/2021 05:25 EDT

Capdesk raises £5m Series A extension led by Fidelity International Strategic Ventures

Capdesk, an equity management platform, has raised a £5m Series A extension led by Fidelity International Strategic Ventures and MiddleGame Ventures. This followed a first raise of £3 million in 2020, led by Fuel Ventures, and brings the Series A total to £8 million, and total funding raised to £11.7m. Capdesk’s clients include startups such […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/17/2021 05:00 EDT

Dija acquires Cambridge-based Genie to expand its 10 minute grocery service across UK

Dija, the London-based grocery delivery startup backed by Blossom Capital, Creandum and Index Ventures, has acquired Cambridge, U.K.-based Genie, in what looks in part like an acqui-hire. The deal, for which terms remain undisclosed, will see Genie founders Tim Chan and Callum MacBeth join the Dija team and also includes company assets. Having launched Genie […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/17/2021 04:11 EDT

Whereby, which allows more collaboration over video calls, raises $12M from Point Nine and 20 Angels

Zoom, Microsoft and Google all rocketed to the top of the charts in the virtual meetings stakes during the pandemic but a plucky startup from Norway had others ideas. Video meeting startup Whereby has now raised $12 million from German VC Point Nine, SaaStr fund and a group of more than 20 angel investors. Angels […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 03/17/2021 04:10 EDT

How localization leader Iyuno Media Group opens entertainment to international audiences

Video streaming platforms have signed up more subscribers during Covid-19 lockdowns, and that growth is expected to continue after the pandemic, showcasing more international content. When subtitles are well done, they don’t take audiences out of the immersive experience of a good show or movie. This means as content providers tackle worldwide expansion, demand for localization […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/17/2021 04:00 EDT

Nigeria’s Plentywaka gets backing from Techstars, plans expansion to Canada

Plentywaka, a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. It will join nine other startups in the class of 2021 and secure funding from the accelerator as it sets its sights on global expansion. The Lagos-based company, founded by Onyeka Akumah, Johnny Ena, John Shaibu and […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 03/17/2021 04:00 EDT

On Friday the EU will put startup-friendly legislation to member states – will they sign up?

This Friday, the European Commission will be launching a ‘legislative instrument’ called the EU Startup Nations Standard (SNS) at its annual Digital Day. Now, before you think I’m about to bore you to death, you might like to know that the SNS is a huge political initiative. It will aim to make the European Union […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/17/2021 03:30 EDT

Norrsken Foundation is closing on an oversubscribed impact venture fund at 125 million euros

About four years ago, social impact organization Norrsken Foundation launched a small program investing around EUR30 million in capital it had received from its wealthy patron, Klarna co-founder Niklas Adalberth. Now, that initiative has become its own impact investment firm, Norrsken VC and, according to people familiar with the firm, is about to close on […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 03/16/2021 19:41 EDT

Uber says it will treat UK drivers as workers in wake of Supreme Court ruling

Uber said Tuesday that drivers in the UK who use its ride-hailing app will be treated as workers, a designation that will give them some benefits such as holiday pay. However, even as Uber seemingly concedes to a Supreme Court ruling last month, a new fight could already be brewing over the company’s decision to […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 03/16/2021 18:30 EDT

Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there are shared mobility companies from cars to scooters and mopeds to ebikes. And who can forget the emerging air taxi companies? At the center of this evolving industry are the […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 03/16/2021 18:10 EDT

Daily Crunch: Google Play halves commission on developers’ first $1M

Google is letting developers keep more of their Play revenue, Instagram adds teen safety features and we examine the global distribution of venture funding. This is your Daily Crunch for March 16, 2021. The big story: Google Play halves commission on first $1M Following a similar move by Apple last year, Google said that it […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 03/16/2021 18:01 EDT

SoftBank, Tencent backs IP analytics platform PatSnap in $300M round

As enterprises around the world pour more money into research and invention to stay competitive, the need for analyzing the worthiness of R&D expenses also grows. One company serving that function is PatSnap. When co-founder Jeffrey Tiong was working in the medical devices industry more than a decade ago, he realized how critical intellectual property […] Read more

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TechCrunch
Walter Thompson @ TechCrunch · 03/16/2021 17:46 EDT

A crypto company’s journey to Data 3.0

Having worked at tech companies like LinkedIn and eBay, I’ve observed firsthand the evolution from Data 1.0 to Data 3.0. In Data 1.0, data is seen as a reactive function providing ad-hoc manual services or firefighting in urgent situations. Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/16/2021 17:35 EDT

Squarespace raises $300M at staggering $10B valuation

Squarespace has raised $300 million in a round of funding that values the company at a staggering $10 billion valuation. New backers include Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc. and Spruce House. Existing backers Accel and General Atlantic also participated.  […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/16/2021 16:17 EDT

Wise accuses former Brazil banking partner of smear campaign after ‘unfounded’ accusations of fraud

Wise, the London headquartered company that made its name offering international money transfers and is reportedly planning an IPO, has accused its former banking partner in Brazil of a “smear campaign” after it was accused of fraud — claims that Wise says are “false and unfounded”. The war of words between Brazil’s MS Bank and […] Read more

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TechCrunch
Annie Siebert @ TechCrunch · 03/16/2021 15:58 EDT

Three energy-innovation takeaways from Texas’ deep freeze

Unpredictability and complexity are quickening, and technology has its place, but not simply as an individual safeguard or false security blanket. Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/16/2021 15:14 EDT

Trading platform eToro to go public via SPAC merger in $10B deal

Multi-asset investing and trading platform and Robinhood competitor eToro announced Tuesday it will go public via a merger with SPAC FinTech Acquisition Corp. V in a massive $10.4 billion deal. Once the transaction closes sometime in the third quarter, the combined company will operate as eToro Group Ltd. and is expected to be listed on […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/16/2021 13:16 EDT

Socure raises $100M at $1.3B valuation, proving identity verification is hotter than ever

The COVID-19 pandemic has accelerated digital adoption in a way that no one could have ever anticipated, and as more people conduct more services online and via mobile devices, businesses have had to work even harder to validate users and security. One company working to serve that need, Socure – which uses AI and machine […] Read more

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