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Steve O'Hear @ TechCrunch · 02/09/2021 04:00 EDT

Finch Capital launches third fund to invest in European fintech at Series A and B

Finch Capital, the early-stage fintech VC with a presence in London and Amsterdam, has raised a third fund. Targeting a final close of €150 million, the fund has already secured €85 million from LPs ready to deploy. Out of Finch Capital “Europe III,” the VC will invest in fintech startups at the Series A and […] Read more

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TechCrunch
Steve O'Hear @ TechCrunch · 02/09/2021 04:00 EDT

Hoxton Farms raises £2.7M seed to produce animal fat without animals

Hoxton Farms, a U.K. startup that wants to produce animal fat without using animals, has raised £2.7 million in seed funding. The round is led by Founders Fund, the Silicon Valley venture capital firm founded by Peter Thiel. Also participating is Backed, Presight Capital, CPT Capital and Sustainable Food Ventures. Still at the R&D stage, […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 02/09/2021 02:06 EDT

Tesla summoned by Chinese regulators for quality concerns

Tesla, which is seeing rapid growth in China as it ramps up local manufacturing capacity, has been called upon by the Chinese government for talks over quality issues in its electric cars. A group of Chinese authorities, including the country’s top market regulator, cyberspace watchdog and transportation authority, held talks with Tesla after consumers complained […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 02/09/2021 01:00 EDT

LanzaJet inks deal with British Airways for 7500 tons of fuel low emission fuel additive per year

LanzaJet, the renewable jet fuel startup spun out from the longtime renewable and synthetic fuel manufacturer, LanzaTech, has inked a supply agreement with British Airways to supply the company with at least 7500 tons of fuel additive per yer. The deal marks the second agreement between the UK-based airline and a renewable jet fuels manufacturer […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 02/08/2021 21:39 EDT

Bangladesh-based Maya, a startup focused on accessible healthcare, raises $2.2 million seed round

Based in Bangladesh, Maya is dedicated to making it easier for women to get healthcare, especially for sensitive issues like reproductive and mental health. The startup announced today it has raised $2.2 million in seed funding. The round, which Maya said is the largest raised by a Bangladeshi health tech company so far, was led […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 02/08/2021 21:31 EDT

Reddit raises $250 million in Series E funding

Reddit has raised a new funding round, totalling $250 million. This is the company’s Series E round of financing, and it comes hot on the heels of renewed public attention on the site that has dubbed itself ‘the front page of the Internet,’ owing to the role the subreddit r/WallStreetBets played in the recent meteoric […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 02/08/2021 20:30 EDT

A former NEA partner and a former Uber exec just closed their $140 million debut VC fund

In hindsight, Dayna Grayson and Rachel Holt didn’t have the best timing. It was late in 2019 when the two, both Washingtonians who met six years ago through a mutual acquaintance, decided to act on earlier conversations and start a fund together. At the time, Grayson spied an opportunity to create a new venture brand […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 02/08/2021 20:04 EDT

Tesla’s Bitcoin investment could be bad for the company’s climate reputation and its bottom line

Tesla’s $1.5 billion investment in Bitcoin may be good for Elon Musk, but it’s definitely risky for the company that made him the world’s richest man, according to investors, analysts and money managers at some of the country’s largest banks. As a standard bearer for the consumer electric vehicle industry and the broader climate tech […] Read more

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TechCrunch
Megan Rose Dickey @ TechCrunch · 02/08/2021 19:55 EDT

Ex-Salesforce manager alleges microaggressions and inequity

Cynthia Perry, a former manager at Salesforce who left earlier this month, posted her resignation letter on LinkedIn that detailed her negative treatment at the company, Protocol first reported. In it, Perry, a Black woman, alleges she experienced “countless microaggressions and inequity” during her time there. Ultimately, Perry said she left her job because she […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 02/08/2021 18:27 EDT

Daily Crunch: DoorDash acquires Chowbotics

DoorDash acquires a salad-making robotics startup, Twitter confirms subscription plans and Tesla makes a big bet on bitcoin. This is your Daily Crunch for February 8, 2021. The big story: DoorDash acquires Chowbotics DoorDash has acquired the Bay Area startup behind Sally, a salad-making, vending machine-style robot that added contactless ordering last fall. DoorDash says […] Read more

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TechCrunch
Taylor Hatmaker @ TechCrunch · 02/08/2021 16:38 EDT

Facebook says it will remove more COVID-19 conspiracies that discourage vaccination

Vaccine misinformation has been around since well before the pandemic, but ensuring that anti-scientific conspiracies don’t get boosted online is more crucial than ever as the world races against the spread of a deadly, changing virus. Now, Facebook says it will expand the criteria it uses to take down false vaccine claims. Under the new […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 02/08/2021 16:38 EDT

Blair launches $100M facility to fund ISAs for students

Income-share agreements or ISAs have been gathering force as an alternative financial model for students, particularly at non-traditional schools like coding boot camps and trade schools. We’ve done some pretty deep dives into the space over the years in terms of how these loan products incentivize students and colleges to work together for better professional […] Read more

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TechCrunch
Mike Butcher @ TechCrunch · 02/08/2021 16:37 EDT

Micro-mobility startup Helbiz to go public via a SPAC, and will expand into ghost kitchens

Micro-mobility startup Helbiz, which now operates across Europe and the USA, is merging with a special purpose acquisition company (“SPAC”) to become a publicly listed company, giving it a war-chest to potentially roll-up smaller competitors in the space, as well as the resources to expand into ‘cloud’ or ‘ghost’ kitchens as part of a move […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 02/08/2021 16:26 EDT

Goody raises $4 million for its mobile app that lets you send gifts via text

Unless you’ve got someone’s Amazon Wish List, gift giving today can still be fairly difficult. You don’t necessarily know a friend or family member’s shipping address, their sizes, or their particular tastes, at times. A new startup called Goody, backed by a recent $4 million fundraise, wants to help. Through its newly launched mobile gifting […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 02/08/2021 15:30 EDT

Oscar Health’s IPO filing will test the venture-backed insurance model

Late Friday, Oscar Health filed to go public, adding another company to today’s burgeoning IPO market. The New York-based health insurance unicorn has raised well north of $1 billion during its life, making its public debut a critical event for a host of investors. Oscar Health lists a placeholder raise value of $100 million in […] Read more

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TechCrunch
Megan Rose Dickey @ TechCrunch · 02/08/2021 14:28 EDT

Silenced No More Act seeks to ban use of NDAs in situations involving harassment or discrimination

Ifeoma Ozoma, a former Pinterest employee who alleged racial and gender discrimination at the company, is co-leading new legislation with California State Senator Connie Levya and others to empower those who experience workplace discrimination and/or harassment. Introduced today, the Silenced No More Act (SB 331) would prevent the use of non-disclosure agreements in workplace situations […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 02/08/2021 14:05 EDT

Two $50M-ish ARR companies talk growth and plans for the coming quarters

This group of companies are what we're calling our $50 million annual recurring revenue (ARR) group, though we're not too strict on that revenue figure. Read more

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TechCrunch
Frederic Lardinois @ TechCrunch · 02/08/2021 13:55 EDT

The Rust programming language finds a new home in a non-profit foundation

Rust, the programming language — not the survival game, now has a new home: the Rust Foundation. AWS, Huawei, Google, Microsoft and Mozilla banded together to launch this new foundation today and put a two-year commitment to a million-dollar budget behind it. This budget will allow the project to “develop services, programs, and events that […] Read more

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TechCrunch
Danny Crichton @ TechCrunch · 02/08/2021 13:52 EDT

WeWork is apparently doing better, not that SoftBank wants you to talk about that

SoftBank’s earnings always leads to a bonanza of news. One storyline that has dominated the company’s earnings over the past few years that has all but disappeared though is WeWork. The co-working company, which saw its scorching-hot flame dim a few years ago and which has been parlayed into such books as Billion Dollar Loser, […] Read more

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TechCrunch
Brian Heater @ TechCrunch · 02/08/2021 13:37 EDT

DoorDash acquires salad-making robotics startup, Chowbotics

DoorDash is expanding its robotic footprint into the kitchen. The delivery service is set to acquire Chowbotics, a Bay Area-based robotics best known for its salad-making robot, Sally. TechCrunch has confirmed the acquisition, which was first noted by The Wall Street Journal. “We have long admired the work that Chowbotics has done to increase access […] Read more

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