Genetics testing and genome research company 23andMe is set to go public via a merger with special purpose acquisition corp (SPAC) VG Acquisition Corp, a vehicle set up by Richard Branson and his company Virgin Group. The transaction is expected to result in 23andMe having around $984 million in cash available at close to spend […] Read more ›
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Monkey, a financial marketplace for receivables in Latin America, has raised $6 million in Series A funding. Quona Capital and Kinea Ventures co-led the round. The São Paulo-based startup was founded in 2016 by a trio that includes former Citi investment banker Gustavo Müller, Bruno Oliveira (who worked in strategic planning for Telefonica) and Felipe […] Read more ›
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London and Barcelona based audio-as-a-service SaaS startup Aflorithmic has scooped up $1.3 million in seed funding from Crowd Media Holdings, an Australia-based company focused on influencer-based ‘social commerce’ and marketing. It’s taking a 10% stake in Aflorithmic, per a press release, where it says the strategic investment is aimed at enabling it to offer FaceTime […] Read more ›
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Nearly every adult in India has a bank account, but fewer than a quarter of them in the South Asian nation can secure loans from the formal financial institutions. Although much of the population in the country doesn’t have a credit score, an increasingly growing number of people here are looking for credit — and […] Read more ›
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We talk a lot these days about the future of work and the proliferation of new and better tools for distributed workforces, but companies focused on developing fleet management software — even if they have not really been viewed as “tech startups” — have been working on this problem for many years already. Today, one […] Read more ›
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It’s been a year since I covered ManoMano, the French e-commerce platform focused on DIY, home improvement and gardening products. And 2020 has been a successful years as the company’s gross merchandise volume doubled to €1.2 billion ($1.45 billion at today’s rate). ManoMano’s sales are also accelerating as the company reported a 50% increase in […] Read more ›
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Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an insurtech company in Santa Monica, Calif. called Sure is alleging that its Series A investor used privileged information to provide to a New York-based startup called Boost that the venture firm incubated […] Read more ›
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Affirm, Afterpay, Klarna, Quadpay. These are some of the big global players in the buy now, pay later (BNPL) movement. They allow shoppers to purchase products online and pay in installments with nominal or no fees, and have become more prominent due to how the pandemic accelerated e-commerce market growth around the world. Credit card […] Read more ›
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Meet Cajoo, a new French startup that has raised a $7.3 million (€6 million) funding round. The company wants to make it easier to order groceries from your phone and receive them 15 minutes later. It is launching in Paris today. “I left Bolt around mid-August and I’m launching a company with two co-founders focused […] Read more ›
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Until now General Catalyst has been better known as a US VC which makes occasional forays into European territory. But that changes with the news today that Chris Bischoff, an experienced London-based investor, joins as Managing Director of its new London office. Bischoff brings with him an extensive track record of investment across the US […] Read more ›
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While China bans cryptocurrency exchanges and initial coin offerings, the government is set to leverage the underpinning technology — often without the decentralized part. Blockchain, for instance, could help track the shipment of luxury goods and authenticate court evidence. In the process of adopting blockchain applications in its own interest, China also wants to become […] Read more ›
4
Storyblok, a ‘headless’ CMS for developers and marketers to deliver content, has raised an $8.5 million Series A funding round led by Mubadala Capital, alongside existing Storyblok investors firstminute capital and 3VC. The Austria-founded company’s platform counts Pizza Hut, Adidas, UPC, Greggs, Decathlon and others among its roster of clients, alongside many thousands of solo […] Read more ›
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Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. The new $95 million round, a Series D, was led by Composite Capital and Moore Strategic Ventures and gave the […] Read more ›
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GajiGesa, a fintech company that offers Earned Wage Access (EWA) and other services for workers in Indonesia, has raised $2.5 million in seed funding. The round was co-led by Defy.vc and Quest Ventures. Other participants included GK Plug and Play, Next Billion Ventures, Alto Partners Multi-Family Office, Kanmo Group and strategic angel investors. The company […] Read more ›
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Grab, the Southeast Asian ride-hailing and on-demand delivery giant, announced a program to increase access to COVID-19 vaccinations today. Its goal is to have all of its employees, as well as driver and delivery partners, vaccinated by 2022 (excluding people who are medically unable to receive shots). Grab also said it will work with governments […] Read more ›
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Remote video podcasting is surprisingly still something of a Wild West these days. Given the massive sums of money currently being pumped into the category — not to mention the fact that pretty much all podcasting became remote podcasting in 2020 — you’d expect there to be a more unified solution. Many still continue to […] Read more ›
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TikTok announces additional steps to fight misinformation, Myanmar’s military cracks down on Facebook and Google’s subsea cable goes online. This is your Daily Crunch for February 3, 2021. The big story: TikTok will downrank ‘unsubstantiated’ claims TikTok had already said it would try to reduce misinformation by removing videos flagged by fact checkers for including […] Read more ›
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Spotify again signaled its interest in developing new ways to monetize its investments in podcasts. In the company’s fourth-quarter earnings, chief executive Daniel Ek suggested the streaming media company foresees a future where there will be multiple business models for podcasts, including, potentially, both ad-supported subscriptions and à la carte options. The company, which also […] Read more ›
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The California Supreme Court today shot down the lawsuit filed by a group of rideshare drivers in California and the Service Employees International Union that alleged Proposition 22 violates the state’s constitution. The suit argued Prop 22 makes it harder for the state’s legislature to create and enforce a workers’ compensation system for gig workers. […] Read more ›
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Myanmar has ordered local telecom firms to temporarily block Facebook in the Southeast Asian nation days after the military seized power in the country in a military coup. Several users on Myanmar subreddit reported moments ago that Facebook was already inaccessible for them, suggesting that internet service providers have already started to comply with the […] Read more ›
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19.04.2026 16:14
Last update: 16:05 EDT.
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