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Catherine Shu @ TechCrunch · 02/24/2021 19:30 EDT

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek

Singapore is quickly turning into a hub for food-tech startups, partly because of government initiatives supporting the development of meat alternatives. One of the newest entrants is Next Gen, which will launch its plant-based “chicken” brand, called TiNDLE, in Singaporean restaurants next month. The company announced today that it has raised $10 million in seed […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 02/24/2021 19:05 EDT

Paramount+ will cost $4.99 per month with ads

ViacomCBS executives held a virtual investor event today where they outlined the strategy for Paramount+, the streaming service set to launch on March 4 that’s basically a rebranded, expanded version of CBS All Access. In addition to launching in the United States, executives said the service will be available across Latin America and Canada on […] Read more

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TechCrunch
Ingrid Lunden @ TechCrunch · 02/24/2021 18:11 EDT

Spain’s Wallapop raises $191M at an $840M valuation for its classifieds marketplace

Through all of the last year’s lockdowns, venue closures, and other social distancing measures that governments have enacted and people have followed to slow the spread of Covid-19, shopping — and specifically e-commerce — has remained a consistent and hugely important service. It’s not just something that we had to do; it’s been an important lifeline […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 02/24/2021 18:10 EDT

Daily Crunch: We review the Amazon Echo Show 10

We check out Amazon’s new smart home device, Airbnb adds flexible search and Hopin is raising even more money. This is your Daily Crunch for February 24, 2021. The big story: We review the Amazon Echo Show 10 Brian Heater spent some time with Amazon’s new smart home device, paying particular attention to the screen […] Read more

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TechCrunch
Lucas Matney @ TechCrunch · 02/24/2021 16:32 EDT

Pilot CEO Waseem Daher tears down his company’s $60M Series C pitch deck

"There are boxes that you definitely want to check, but I don't think you can outsource the creation of the narrative." Read more

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TechCrunch
Anthony Ha @ TechCrunch · 02/24/2021 16:20 EDT

Handy co-founder Oisin Hanrahan is taking over as CEO of ANGI Homeservices

A little over two years after ANGI Homeservices acquired his startup Handy, Oisin Hanrahan is becoming CEO of the combined organization and joining its board of directors. ANGI is a publicly-traded subsidiary of IAC, formed from the merger of Angie’s List and HomeAdvisor. In addition to the Angie’s List, HomeAdvisor and Handy brands, the company […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 02/24/2021 15:40 EDT

SpaceX is really just SPAC and an ex

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This is our first-ever Wednesday episode. If you want to learn more about the latest edition of the podcast, head here for more. This week we talked about space, an increasingly active part of the global economy, and […] Read more

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TechCrunch
Grace Mendenhall @ TechCrunch · 02/24/2021 15:34 EDT

The Equity podcast is getting bigger and better

Equity is celebrating its fourth birthday in a few weeks, and closed 2020 with its biggest quarter to date. To celebrate, and say thank you to our wonderful listeners who tune into us each and every single week, we’re growing upward and outward! First, as many of you have noticed, we’ve expanded the Equity team. […] Read more

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TechCrunch
Tage Kene-Okafor @ TechCrunch · 02/24/2021 14:49 EDT

Jumia narrows losses, as its payment service grows in financial results

After years of losses, African e-commerce giant Jumia claimed significant progress towards profitability in its Q4 2020. Backing that claim, Jumia reported record gross profit and some improvements to its cost structure. The company wrote in its earnings release that while “2020 has been a challenging year operationally with COVID-19 related supply and logistics disruption,” […] Read more

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TechCrunch
Jordan Crook @ TechCrunch · 02/24/2021 14:30 EDT

Bain’s Matt Harris and Justworks’ Isaac Oates to talk through the Series B deal that brought them together

It’s been almost 10 years since Justworks launched. The platform, founded by Isaac Oates, was yet another example of software eating the world; in this particular instance, it was the world of HR. Since, the company has raised nearly $150 million in funding. All the way back in 2016, Bain Capital Ventures caught a whiff […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 02/24/2021 14:25 EDT

Oak HC/FT closes on $1.4 billion to invest in fintech and healthcare startups

Oak HC/FT general partners Annie Lamont, Andrew Adams and Tricia Kemp invested in healthcare and fintech before the two sectors were mainstream, and today, as a result of that early intuition and a handful of key exits, the trio has over a billion dollars in new fund money to show for it. The firm announced […] Read more

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TechCrunch
Walter Thompson @ TechCrunch · 02/24/2021 13:57 EDT

Dear Sophie: Which immigration options are the fastest?

I’m getting this question quite frequently now as more and more startups with recent funding rounds are looking to quickly expand. Read more

5

TechCrunch
Megan Rose Dickey @ TechCrunch · 02/24/2021 13:48 EDT

Kapor Capital is raising a $125 million fund

Kapor Capital, the venture firm focused on funding social impact ventures and founders of color, is raising a $125 million fund, called Fund III, a source familiar with the situation told TechCrunch. What’s notable about this fund is that it will be the first time Kapor Capital is accepting outside money from investors for a […] Read more

2

TechCrunch
Kirsten Korosec @ TechCrunch · 02/24/2021 13:36 EDT

Can solid state batteries power up for the next generation of EVs?

As the market for EVs shifts to include commercial vehicles, aerospace, off-roaders and microtransit, the commercial future for SSBs is finally looking a little more solid. Read more

5

TechCrunch
Devin Coldewey @ TechCrunch · 02/24/2021 13:30 EDT

Canva acquires background removal specialists Kaleido

Kaleido, makers of a drag-and-drop background removal service for images and video, have been acquired by up and coming digital design platform Canva. While the price and terms are not disclosed, it is speculated that this young company may have fetched nearly nine figures. It’s the right product at the right time, seemingly. In 2019, […] Read more

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TechCrunch
Greg Kumparak @ TechCrunch · 02/24/2021 13:30 EDT

Techstars’ Neal Sáles-Griffin will join us at TechCrunch Early Stage 2021 to talk accelerators

Should you try to get your startup into an accelerator program? How do you make the right impression on the application? Where does your team need to be before you apply — and once you’re in, how do you make the most of your time in the program? Join us at the TechCrunch Early Stage […] Read more

4

TechCrunch
Ingrid Lunden @ TechCrunch · 02/24/2021 13:20 EDT

Francisco Partners is acquiring MyHeritage, sources say for $600M

Genealogy tracking online is a big business, and today comes some M&A news for one of the bigger names in the field. TechCrunch has learned and confirmed that Israel’s MyHeritage.com — which lets people test DNA and track their family lineage — is getting acquired by Francisco Partners, for a price that a source close […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 02/24/2021 12:59 EDT

Europe kicks off bid to find a route to ‘better’ gig work

The European Union has kicked off the first stage of a consultation process involving gig platforms and workers. Regional lawmakers have said they want to improve working conditions for people who provide labor via platforms which EU digital policy chief, Margrethe Vestager, accepted in a speech today can be “poor” and “precarious”. Yet she also […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 02/24/2021 12:35 EDT

SpaceX’s floating oil rig spaceship launch pad could be operating later this year according to Elon Musk

SpaceX’s grand vision for Starship, the next-generation spacecraft it’s currently in the process of developing, includes not only trips to Mars, but also regular point-to-point flights right here on Earth. These would skim the Earth’s outer atmosphere, reducing travel times for regular international flights from many hours to around 30 minutes. They’ll need to take […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 02/24/2021 12:11 EDT

Meet Smash Ventures, the low-flying outfit that has quietly funded Epic Games, among others

When in 2018, Smash Ventures showed up as an investor in a $1.25 billion round for Epic Games — reportedly the largest ever investment in a video game company at the time — it was the first time many had heard of the investing outfit. When the brand showed up again last summer in an […] Read more

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