TechCrunch Startup News

Meet Point, a new challenger bank in the U.S. that has been available as a private beta for the past year. Today, the company is launching a major new version of its service and opening its doors to everyone. But you’ll have to get an invite to get in at first. Point is a consumer […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Like other ride-hailing companies, Bolt has been suffering from the coronavirus-related lockdown and economic downturn around the world. But the company is trying to find another revenue stream by launching electric bikes in Paris. Bolt plans to launch a similar service in other European capitals this year. For the past couple of weeks, the only […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Oculus co-founder Nate Mitchell is heading up a new game development house called Mountaintop Studios, joined by colleagues from around the gaming industry. The company aims to leave the crunch and toxic culture pervasive in game studios behind and make one that’s “collaborative, anti-crunch, diverse, and inclusive.” The founding team includes Mitchell’s former colleague Mark […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today Personal Capital, a fintech company that had attracted over $265 million in private funding, announced that it is selling itself to Empower Retirement, a company that provides retirement services to other companies. The deal is worth $825 million upon closing, with another $175 million in what are described as “planned growth” incentives, according to […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Shares of Agora, a China and U.S.-based “real-time engagement” API company, soared today after it went public. Yesterday Agora priced 17.5 million shares at $20 apiece, up from its target range of $16 to $18 per share. The firm raised $350 in its debut, or around 10 times its Q1 2020 revenue and is now […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort. Morgan Stanley has sent […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Storyblocks, the subscription-based stock media service, today announced that it has been acquired by private equity firm Great Hill Partners. The firm previously backed companies like Wayfair (and then exited that specific investment in 2017) and Custom Ink. Great Hill also acquired Gizmodo Media Group in 2019. Storyblocks and Great Hill did not disclose the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But those three firms are hardly alone. We know that DoorDash filed privately earlier this year (it also raised a pile of cash lately, so its […] Learn more about your ad choices. Visit podcastchoices.com/adchoices