TechCrunch Startup News

Alloy Automation, a startup that was part of the Y Combinator Winter 2020 cohort, announced today that it has closed $5 million across two rounds, the most recent of which brought $4 million to the company in October of 2020. The new funds were raised at a $16 million pre-money, $20 million post-money valuation, Alloy […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Popular, highly-scrutinized trading app Robinhood has raised $2.4 billion to its balance sheet from shareholders, as first reported by the Wall Street Journal and then confirmed by the company. The private startup raised $1 billion on Friday, meaning that it has raised $3.4 billion in a handful of days as it seeks to support a […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Another hour, another billion-dollar round. That’s how February is kicking off. This time it’s Databricks, which just raised $1 billion Series G at a whopping $28 billion post-money valuation. Databricks is a data-and-AI focused company that interacts with corporate information stored in the public cloud. News of the new round began leaking last week. Franklin […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Chefclub announced earlier this week that it has raised a $17 million funding round led by First Bridge Ventures. SEB Alliance, the venture arm of kitchen appliance maker Groupe SEB, Korelya Capital and Algaé Ventures are also participating. Chefclub has been building a major media brand on social media platforms. It has attracted […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

German startup Trade Republic is rolling out its app and service in France this week. This is a significant expansion move as Trade Republic has only been available in Germany and Austria so far. Trade Republic lets you buy and sell shares or exchange-traded funds (ETFs) from your phone with low, transparent fees. The company […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Storetasker is an online marketplace focused on connecting Shopify merchants with developers and other experts who can help grow their business. The product is now owned by the startup previously known as Lorem. Co-founder and COO Charlie Fogarty explained that while Lorem originally had a broader mission of connecting small businesses and developers, “We realized […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last night, Qualtrics priced its IPO at $30 per share, selling 50.4 million shares in the process. Notably, the company’s IPO price was harder to chase down than usual, with a formal press release in scarce supply. SEC filings indicate that the company “anticipate[s]” a price of $30 per share, and reports from media and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Squarespace announced this afternoon that it is going public. The online website creation and hosting service is a venture-backed entity, having raised Series A and B rounds in 2010 and 2014, respectively. Those deals were worth a combined $78.5 million, according to Crunchbase data. But Squarespace is perhaps best known for its epic 2017-era $200 million […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rumors have been flying this week that SAP was going to buy Berlin business process automation startup Signavio, and sure enough the company made it official today. The companies did not reveal the purchase price, but Bloomberg reported earlier this week that the deal could be worth $1.2 billion. With Signavio SAP gets a cloud […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

eFounders is expanding its focus by creating a second startup studio called Logic Founders. This time, Logic Founders is going to focus on fintech startups exclusively. Camille Tyan (pictured above) is going to lead the new studio. Over the past ten years, eFounders has launched dozens of software-as-a-service companies trying to improve the way we […] Learn more about your ad choices. Visit podcastchoices.com/adchoices