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Steve O'Hear @ TechCrunch · 03/25/2021 10:00 EDT

Gorillas, the on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

Gorillas, the Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as ten minutes, has raised $290 million in Series B funding, at a valuation that surpasses $1 billion. The round is led by Coatue Management, DST Global, and Tencent, with participation from Green Oaks, […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 03/25/2021 09:47 EDT

CoScreen launches its screen-sharing product, announces $4.6M in fundraising

This morning CoScreen, a startup that helps teams share screens and collaborate in real-time, formally launched its product to market. It also disclosed that it has raised $4.6 million to date. Unusual Ventures led its Seed round. Till Pieper, CoScreen’s co-founder and CEO told TechCrunch in an interview that it raised the bulk of its […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 03/25/2021 09:40 EDT

Drone data scanning company Skycatch announces a $25M raise

Skycatch today announced a $25 million raise, led by ADB Ventures and Waymaker. Founded in 2013, the Bay Area-based company provides centimeter-accurate 3D scanning services, primarily for construction sites and mining operations. The service has already been rolled out in a number of different locations around the world — with north of 10,000 sites, according […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/25/2021 09:37 EDT

Big banks rush to back Greenwood, Killer Mike’s Atlanta-based digital bank for underrepresented customers

Before even taking its first deposit, Greenwood, the digital banking service targeting Black and Latino individuals and business owners, has raised $40 million — only a few months after its launch. Coming in to finance the new challenger bank are six of the seven largest U.S. Banks and the payment technology developers Mastercard and Visa. That’s […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/25/2021 09:32 EDT

Notarize raises $130M, tripling valuation on the back of 600% YoY revenue growth

When the world shifted toward virtual one year ago, one service in particular saw heated demand: digital notary services. The ability to get a document notarized without leaving one’s home suddenly became more of a necessity than a luxury. Pat Kinsel, founder and CEO of Boston-based Notarize, worked to get appropriate legislation passed across the […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/25/2021 09:30 EDT

Spinning out from the cryptocurrency hardware developer Bitfury, LiquidStack pitches a data center cooling tech

Data centers and bitcoin mining operations are becoming huge energy hogs and the explosive growth of both risks undoing a lot of the progress that’s been made to reduce global greenhouse gas emissions. It’s one of the major criticisms of cryptocurrency operations and something that many in the industry are trying to address. Enter LiquidStack, […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/25/2021 09:05 EDT

While other startups develop alt-proteins for meat replacement, Nourish Ingredients focuses on fat

Plant-based meat replacements have commanded a huge amount of investor and consumer attention in the decade or more since new entrants like Beyond Meat first burst onto the scene. These companies have raised billions of dollars and the industry is now worth at least $20 billion as companies try to bring all the meaty taste […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/25/2021 09:00 EDT

Pie Insurance raises $118M for data-driven workers’ comp coverage

Pie Insurance, a startup offering workers’ compensation insurance to small businesses, announced this morning that it has closed on $118 million in a Series C round of funding. Allianz X — investment arm of German financial services giant Allianz — and Acrew Capital co-led the round, which brings the Washington, D.C.-based startup’s total equity funding […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 03/25/2021 09:00 EDT

Fishing for solutions

One of the slower weeks for robotics investments I’ve seen since I started doing this roundup. This stuff ebbs and flows, though, and there’s always bound to be a bit of a flurry at the beginning of the year. This week, most of the top news revolves around research, which, let’s be honest, is where […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 03/25/2021 09:00 EDT

Spotify rolls out redesigned desktop and web apps

Spotify today announced it’s rolling out a new look for its streaming service on the desktop, with the launch of a redesigned app for both Mac and Windows, as well as an updated web app. The changes, which will be made available to all global users, focus on improving the navigation and providing users with […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 03/25/2021 08:45 EDT

PPRO extends latest round to $270M, adding JPMorgan and Eldridge to grow its localized payments platform

In January, localized payments provider PPRO became the latest fintech-as-a-service startup to hit a billion-dollar valuation when it closed $180 million in funding. As a mark of how payments and e-commerce continue to be major areas of focus in the global economy, today PPRO is extending that round by another $90 million and adding in […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/25/2021 08:30 EDT

Brazil’s iFood launches outlines sustainability initiatives aiming to reduce its carbon footprint

The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focus more on sustainability. The program has two main components — one focused on plastic pollution and waste and another aiming to become carbon neutral in its operations by […] Read more

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TechCrunch
Zack Whittaker @ TechCrunch · 03/25/2021 08:05 EDT

FatFace tells customers to keep its data breach ‘strictly private’

Clothing giant FatFace had a data breach, but doesn’t want you to tell anyone about it. The company sent an email to customers this week disclosing that it first detected a breach on January 17. A hacker made off with the customer’s name, email and postal address, and the last four-digits of their credit card. […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 03/25/2021 08:00 EDT

Better Health raises $3.5M seed round to reinvent medical supply shopping through e-commerce

The home medical supply market in the U.S. is significant and growing, but the way that Americans go about getting much-needed medical supplies, particularly for those with chronic conditions, relies on outdated and clumsy sales mechanisms that often have very poor customer experiences. New startup Better Health aims to change that, with an e-commerce approach […] Read more

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TechCrunch
Mary Ann Azevedo @ TechCrunch · 03/25/2021 08:00 EDT

Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage

Digital House, a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding. Notably, two of the main investors are not venture capital firms but instead are two large tech companies: Latin American e-commerce giant Mercado Libre and San Francisco-based software […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 03/25/2021 07:54 EDT

Acquisition-happy space infrastructure company Redwire set to go public via SPAC

The latest in a string of space tech SPACs announced this year is Redwire, an entity created by a PE firm in 2020, which has acquired a number of smaller companies including Adcole Space, Roccor, Made in Space, LoadPath, Oakman Aerospace, Deployable Space Systems and more — all within the last year or so. Redwire […] Read more

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TechCrunch
Manish Singh @ TechCrunch · 03/25/2021 07:35 EDT

Indian edtech giant Byju’s in talks to raise over $600 million at $15 billion valuation

Indian edtech giant Byju’s, which raised about a billion dollars last year as the pandemic accelerated growth of online learning services in India, is about to kickoff its fundraising spree for this year. Byju’s is in talks to raise over $600 million in a new financing round that would value the Indian startup at $15 […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 03/25/2021 07:05 EDT

Closing on $103M, MaC VC is changing the face of venture capital

The partners at MaC Venture Capital, the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. Formed when M Ventures (a firm founded by former Washington DC mayor Adrian Fenty); the first Black talent agency partner in the history of […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/25/2021 06:00 EDT

Ribbon wants to make it easier for product teams to interview users

Everybody says they want to build user-centric companies and products, but how exactly is that achieved? Talking and listening to users, of course — a task that is both unnecessarily time-consuming and cumbersome to organise, according to Axel Thomson, a former product manager at U.K. recipe-box subscription unicorn Gousto. His burgeoning startup, dubbed Ribbon, wants […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 03/25/2021 04:00 EDT

Digital banking solutions provider Meniga closes additional €10M investment

Meniga, the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. The round is led by Velocity Capital and Frumtak Ventures. Also participating are Industrifonden, the U.K. Government’s Future Fund and existing customers UniCredit, Swedbank, Groupe BPCE and Íslandsbanki. Meniga says the funding will be used for […] Read more

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