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Jonathan Shieber @ TechCrunch · 03/16/2021 07:30 EDT

The toilet paper startup backed by Marc Benioff, Dara Khosrowshahi, and Robert Downey Jr. now sells paper towels

Cloud Paper, the startup whose bamboo toilet paper (and celebrity and billionaire backers including Robert Downey Jr., Gwyneth Paltrow, Marc Benioff, Dara Khosrowshahi, and Mark Cuban) made a splash last year, is getting into the paper towel racket. Starting today, the company is taking pre-orders for its 12 pack boxes of sustainably sourced bamboo paper […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/16/2021 07:07 EDT

Cyware nabs $30M to help organizations detect and stop advanced cyber attacks

Malicious hacking has become a pernicious and dogged fact of life for more organizations, and it’s a threat that has seemingly grown more complicated and sophisticated over time. One one effective approach to tackling that has been collaboration: not just applying an array of services to address the issue, but creating environments to help those […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 03/16/2021 06:34 EDT

Resilience is an ambitious bet to improve cancer treatment

Meet Resilience, a new startup that wants to help cancer treatment institutes as well as cancer patients at every step of the treatment journey. It’s an ambitious project founded by two well-known French entrepreneurs. They want to leverage their tech skills for this new healthcare startup. Behind the scenes, there are two co-CEOs — Céline Lazorthes […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 03/16/2021 06:03 EDT

Inovia Capital raises $450M for second growth-stage investment fund

Montreal-headquartered Inovia Capital has raised $450 million for Growth Fund II, the firm’s second growth-stage investment fund. The close of this funding comes just a little over two years after the announcement of its first in February 2019, a $400 million pool of investment capital that marked Inovia’s first foray beyond the early stage deals […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/16/2021 04:00 EDT

New challenger Ikigai combines digital banking and wealth management

Ikigai, a London fintech founded by former McKinsey partners, thinks there’s room in the crowded challenger market for a new premium offering that combines digital banking with wealth management. Targeting future and present high-net-worth individuals, Ikigai is iOS-only for now and consists of a current account and savings account, with adjacent wealth management features, all […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/16/2021 03:49 EDT

SumUp, which helps businesses take card payments, raises $895M to double down on growth

SumUp, a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments and invoices — is itself powering up in a big way. Today it announced funding of €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/16/2021 02:30 EDT

Flutterwave and PayPal partner to allow African merchants to accept and make payments

It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insufficient regulation and poor banking security in said countries.  That might be a thing of the past for some businesses as African payments […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/16/2021 01:19 EDT

Neobroker Bitpanda raises $170M at a $1.2B valuation to take its trading platform beyond crypto

One of the bigger startups in Europe operating a trading platform for cryptocurrency has closed a big round of funding on the heels of very rapid growth and plans to open its platform to a wider stream of assets. Bitpanda, a “neobroker” that wants to make it easier for ordinary people to invest not just […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 03/15/2021 21:33 EDT

Rising encrypted app Signal is down in China

Chinese users of the instant messenger Signal knew that good time wouldn’t last long. The app, which is used for encrypted chats, is unavailable in mainland China as of Tuesday morning, a test by TechCrunch shows. The website of the app has been banned in China since Monday, according to censorship tracking website Greatfire.org. More […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 03/15/2021 21:00 EDT

China wants to dismantle Alibaba’s media empire: reports

Over the years, Jack Ma has accumulated a media portfolio in China that rivals that of Jeff Bezos in the United States. But now the future of Ma’s media empire is in the crosshairs of the Chinese government, which is wary of the billionaire’s increasing media clout. The Chinese authorities have ordered Alibaba to divest […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 03/15/2021 19:20 EDT

Bird to spend $150 million on European expansion plan

Shared micromobility startup Bird said it is investing $150 million into a European expansion plan that will including launching in more than 50 cities this year, a move that it says will double its footprint in the region. This growth plan is already underway with Bird recently bringing its scooters to Bergen, Norway, Tarragona, Spain […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/15/2021 19:11 EDT

Sherpa raises $8.5M to expand from conversational AI to B2B privacy-first federated learning services

Sherpa, a startup from Bilbao, Spain that was an early mover in building a voice-based digital assistant and predictive search for Spanish-speaking audiences, has raised some more funding to double down on a newer focus for the startup, building out privacy-first AI services for enterprise customers. The company has closed $8.5 million, funding that Xabi […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 03/15/2021 18:10 EDT

Daily Crunch: Stripe valued at $95B

Stripe gets a mind-boggling valuation, Facebook promotes COVID vaccines and Elon Musk has an interesting new title. This is your Daily Crunch for March 15, 2021. The big story: Stripe valued at $95B That’s right: The popular payments company has raised $600 million in new funding at a $95 billion valuation. It says it will […] Read more

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TechCrunch
Megan Rose Dickey @ TechCrunch · 03/15/2021 18:06 EDT

Fired GitHub employee reaches ‘amicable resolution’ with company

GitHub has reached an “amicable resolution” with the person the company fired in the aftermath of the attack on the U.S. Capitol in January, the former employee told TechCrunch. On the day a violent mob of Trump supporters stormed the U.S. Capitol, a worried GitHub employee warned his co-workers in the D.C. area to be […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/15/2021 18:01 EDT

Gumroad wants to make equity crowdfunding mainstream

Gumroad, a startup that helps creators sell their work, is raising $6 million at a $100 million valuation. While $1 million of that total is reserved for AngelList co-founder Naval Ravikant and Basecamp founder Jason Fried, the remaining $5 million is being raised with a twist: anyone willing to fork over at least $100 bucks […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 03/15/2021 17:30 EDT

The NFT market is just getting started, but where is it headed?

Every once in a meme-ified blue moon, the wildly irrational cryptocurrency ecosystem gives birth to something that might outlive the hype. Read more

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TechCrunch
Sarah Perez @ TechCrunch · 03/15/2021 16:56 EDT

Clubhouse promises its accelerator participants either brand deals or $5K per month during the program

Amid growing competition from Twitter Spaces and other newcomers, popular social audio startup Clubhouse is making a move aimed at seeding its network with more high-quality content: it’s launching an accelerator program. During its weekly town hall event on Sunday, the company detailed its plans for its inaugural accelerator called “Clubhouse Creator First,” which will […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 03/15/2021 15:39 EDT

Black Tech Nation Ventures is a new fund for Black entrepreneurs

Kelauni Jasmyn, general partner at the new Black Tech Nation Ventures, can explain her aims for the new firm quite succinctly: “The goal is to get more Black people funded.” That’s something Jasmyn has been working on already with Black Tech Nation, a Pittsburgh-based organization that supports Black entrepreneurs with education, content, community and more. […] Read more

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TechCrunch
Romain Dillet @ TechCrunch · 03/15/2021 15:37 EDT

Mexican challenger bank Fondeadora adds $14 million to its Series B

Fondeadora, a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. I covered the company’s original round back in August 2020. And now, Fondeadora is adding $14 million on top of the original $14 million it had already raised — it now represents a $28 million […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/15/2021 15:02 EDT

InBalance Research forecasts demand for energy suppliers to ensure they optimize distribution

From distributed homes in Cambridge, Mass. and Cambridge, England, inBalance Research is joining Y Combinator as it looks to accelerate its business as the oracle for independent energy providers, utilities, and market makers. Selling a service it calls Delphi, the very early stage startup is hoping to provide analysis for power producers and utilities on […] Read more

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