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Alex Wilhelm @ TechCrunch · 03/05/2021 11:22 EDT

The technology selloff is getting to be somewhat material

Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has […] Read more ›

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TechCrunch
Alex Wilhelm @ TechCrunch · 03/05/2021 10:51 EDT

YC-backed Pangea discusses growth, fundraising ahead of demo day

Pangea, a marketplace startup that wants to connect college freelancers and companies in need of digital help, is seeing its growth rate accelerate as it races toward the impending Y Combinator demo day. It’s traditional around this time that startups in the accelerator reach out to say hello. Provided that they are willing to chat […] Read more ›

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TechCrunch
Alex Wilhelm @ TechCrunch · 03/05/2021 10:38 EDT

Understanding how investors value growth in 2021

We’re not digging into another IPO filing today. You can read all about AppLovin’s filing here, or ThredUp’s document here. This morning, instead, we’re talking about an old favorite: software valuations. The folks over at Battery Ventures have compiled a lengthy dive into the 2020 software market that’s worth our time — you can read […] Read more ›

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/05/2021 10:00 EDT

SoftBank makes mountains of cash off of human laziness

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was yet another crazy week, but did our best to get through as much of it as we could. Here’s the rundown, in case you […] Read more ›

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TechCrunch
Darrell Etherington @ TechCrunch · 03/05/2021 08:09 EDT

Virgin Galactic Chairman Chamath Palihapitiya sells off remaining personal stake in the space company

The man who arguably ushered in the current SPAC rush with the merger of Virgin Galactic with his Social Capital Hedosophia holding company has divested the remainder of his personal holdings in the space tourism company. Chamath Palihapitiya, who serves as the Chairman of Virgin Galactic’s board, still holds 6.2% ownership in the company in […] Read more ›

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TechCrunch
Catherine Shu @ TechCrunch · 03/05/2021 07:00 EDT

Scrum Ventures launches new program to connect startups with Japanese corporations

Headquartered in San Francisco and Tokyo, Scrum Ventures is known for its accelerator programs focused on sports, food and smart city tech. Today it announced the launch of a new incubator program that will help startups from business partnerships with Japanese corporations. Called Scrum Studio, it will be spun out as an independent entity from […] Read more ›

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 03/05/2021 04:22 EDT

How Pariti is connecting founders with capital, resources and talent in emerging markets

According to Startup Genome, Beijing, London, Silicon Valley, Stockholm, Tel Aviv are some of the world’s best startup ecosystems. The data and research organisation uses factors like performance, capital, market reach, connectedness, talent, and knowledge to produce its rankings. Startup ecosystems from emerging markets excluding China and India didn’t make the organisations’ top 40 list […] Read more ›

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TechCrunch
Rita Liao @ TechCrunch · 03/05/2021 02:31 EDT

What China’s Big Tech CEOs propose at the annual parliament meeting

The annual meetings of the Chinese parliament and its advisory body are underway in Beijing this week. Top executives from some of China’s largest tech firms are among the thousands of delegates who attend and put forward their opinions. Here is a look at what the tech bosses are proposing for China’s digital economy. Pony […] Read more ›

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TechCrunch
Catherine Shu @ TechCrunch · 03/05/2021 00:28 EDT

Indonesian logistics startup SiCepat raises $170 million Series B

SiCepat, an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. Its services now also cover warehousing and fulfillment, middle-mile logistics and online distribution. Investors in […] Read more ›

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/04/2021 19:22 EDT

InsurGrid raises pre-seed financing to help modernize legacy insurance agents

Insurance agents spend hours handling paperwork and grabbing client information over the phone. A new seed-stage startup, InsurGrid, has developed a software solution to help ease the process, and make it easier for agents to serve existing clients — and secure new ones. InsurGrid gives agents a personalized platform to collect information from clients, such […] Read more ›

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TechCrunch
Steve O'Hear @ TechCrunch · 03/04/2021 19:00 EDT

Backed by Blossom, Creandum and Index, grocery delivery and dark store startup Dija launches in London

Dija, the London-based grocery delivery startup, is officially launching today and confirming that it raised £20 million in seed funding in December — a round that we first reported was partially closed the previous month. Backing the company is Blossom Capital, Creandum, and Index Ventures, with Dija seemingly able to raise pre-launch. In fact, there […] Read more ›

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TechCrunch
Anthony Ha @ TechCrunch · 03/04/2021 18:10 EDT

Daily Crunch: Square acquires Tidal

Square buys a majority stake in Jay-Z’s Tidal, WhatsApp improves its desktop app and Hopin raises even more funding. This is your Daily Crunch for March 4, 2021. The big story: Square acquires Tidal Square announced this morning that it has purchased a majority stake in Tidal, the music streaming service founded by Jay-Z. It […] Read more ›

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TechCrunch
Ron Miller @ TechCrunch · 03/04/2021 17:48 EDT

Making sense of the $6.5B Okta-Auth0 deal

When Okta announced that it was acquiring Auth0 yesterday for $6.5 billion, the deal raised eyebrows. After all, it’s a substantial amount of money for one identity and access management (IAM) company to pay to buy another, similar entity. But the deal ultimately brings together two companies that come at identity from different sides of the […] Read more ›

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TechCrunch
Annie Siebert @ TechCrunch · 03/04/2021 17:16 EDT

Data is the world’s most valuable (and vulnerable) resource

I believe generational startups will be created from 2020's reckoning with cybersecurity, just as they’ve been created coming out of market disruptions in the past. Read more ›

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TechCrunch
Connie Loizos @ TechCrunch · 03/04/2021 17:09 EDT

Asynchronous video startup Weet just launched to cement bonds, and know-how, within companies

For founder Najette Fellache, coming to the Bay Area a few years ago from Nantes, France was a way to grow a company she’d founded and which was already was beginning to count major U.S. corporations like GE, Tesla, Amazon, and Medtronics as customers. What that six-year-old outfit, Speach, sells is essentially knowledge sharing between […] Read more ›

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/04/2021 16:28 EDT

Flourish, a startup that aims to help banks engage and retain customers, raises $1.5M

It’s not uncommon these days to hear of U.S.-based investors backing Latin American startups. But it’s not every day that we hear of Latin American VCs investing in U.S.-based startups. Berkeley-based fintech Flourish has raised $1.5 million in a funding round led by Brazilian venture capital firm Canary. Founded by Pedro Moura and Jessica Eting, the […] Read more ›

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/04/2021 15:40 EDT

Inside Workvivo’s plans to take on Microsoft in the employee experience space

Maintaining company culture when the majority of staff is working remotely is a challenge for every organization — big and small. This was an issue, even before COVID. But it’s become an even bigger problem with so many employees working from home. Employers have to be careful that workers don’t feel disconnected and isolated from […] Read more ›

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TechCrunch
Mike Butcher @ TechCrunch · 03/04/2021 14:53 EDT

Will moving, ‘spacial video’ start to eat into square-box Zoom calls? SpatialChat thinks so

With most of us locked into a square video box on platforms like Zoom, the desire to break away and perhaps wander around a virtual space is strong. These new ways of presenting people – as small circles of videos placed in a virtual space where they can move around – has appeared in various […] Read more ›

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 03/04/2021 14:51 EDT

Coursera is planning to file to go public tomorrow

Coursera, an online education platform that has seen its business grow amid the coronavirus pandemic, is planning to file paperwork tomorrow for its initial public offering, sources familiar with the matter say. The company has been talking to underwriters since last year, but tomorrow could mark its first legal step in the process to IPO. […] Read more ›

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TechCrunch
Greg Kumparak @ TechCrunch · 03/04/2021 14:23 EDT

Whatnot raises $20M for its live streaming platform built for selling Pokémon cards and other collectibles

When I first wrote about Whatnot in February of last year, they were just getting started. Aiming to be the GOAT of collectible toys, they were focusing first on being the go-to trusted spot for buying and selling authenticated Funko Pop figurines. A few months later, as they expanded into categories like pins and Pokémon […] Read more ›

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