TechCrunch Startup News
TechCrunch
Listen to select TechCrunch articles on startups coverage—who's raising, who's exiting, who's changing the world.
Episodes
Mentioned books
Feb 28, 2020 • 5min
Indian research firm Convergence Catalyst is ready for its second act
A 9-year-old is smashing the shuttle far and wide, and frantically pacing back and forth on the court in Bangalore, India, as her competition refuses to back down. Her rival is not a human. She is playing against a machine that is mimicking the game of badminton legend P.V. Sindhu, toned down a few notches to adjust for the age difference. By the court, her father, Jayanth Kolla, is watching the game and taking notes. Kolla is a familiar name in the tech startup and business ecosystem in India. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 28, 2020 • 4min
Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation
It’s been a big news day for Salesforce . It announced that Co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 27, 2020 • 6min
Chicago’s M1 Finance, a consumer-focused fintech platform, reaches $1B under management
Eagle-eyed readers will recall that we mentioned M1 Finance earlier today in our look at a few trends in the fintech industry. We’re back with the firm this afternoon as it has a bit of news that’s worth discussing. Chicago-based M1 Finance announced today that it has reached the $1 billion assets under management mark, or AUM. Reaching AUM thresholds provides useful milestones that we can use to track the progress of various players in the fintech and finservices worlds. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 27, 2020 • 7min
Vice President Mike Pence will lead the US response to the COVID-19 outbreak
In an early-evening press conference, President Donald Trump tapped Vice President Mike Pence to lead the U.S. response to the COVID-19 outbreak that has spread through Europe, Asia and Latin America. The new coronavirus strain, which has infected about 81,000 people around the world and killed 3,000, has already wrought havoc on the global economy. The Centers for Disease Control and Prevention warned yesterday that the U.S. will likely not be able to escape the spread of the virus. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 26, 2020 • 6min
New York’s BounceX reaches $100M ARR, rebrands
Welcome to the $100 million ARR club, BounceX. This morning (evening, timezone depending), BounceX, a New York-based marketing technology startup, announced that it has reached the $100 million annual recurring revenue (ARR) threshold, adding its name to our running list of companies that have crossed over into nine-figure revenue while remaining private. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 26, 2020 • 6min
Startup malaise, startup ambition
Recapped. Layoffs. Slowdown. CEO transition. Budget cuts. Downsizing. In spite of a spate of massive startup exits the last few months, culminating in fintech’s shining moment yesterday with Intuit’s $7.1 billion acquisition of Credit Karma, it’s been a tough period for the startup world. Layoffs abound, centered perhaps on SoftBank’s Vision Fund portfolio but hardly exclusive to it. Startups, both infamous and unheard of, are shutting their doors. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 25, 2020 • 4min
Revolut raises $500 million at $5.5 billion valuation
Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t sharing names. Previous investors include DST Global, Index Ventures, Balderton Capital and many others. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 25, 2020 • 4min
With cinnamon, fruit and mint-flavored nicotine gum, is LA’s Lucy Goods the next Juul?
With cinnamon, fruit and mint-flavored nicotine gum, is LA’s Lucy Goods the next Juul? David Renteln, the Los Angeles-based co-founder of Soylent and the co-founder and chief executive of new nicotine gum manufacturer Lucy Goods, thinks there should be a better-tasting, less-medicinal offering for people looking to quit smoking. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 24, 2020 • 5min
Fintech startups raised $34B in 2019
Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed. According to research firm CB Insights’ annual report published this week, fintech startups across the world raised $33.9 billion* in total last year across 1,912 deals*, down from $40.8 billion they picked up by participating in 2,049 deals the year before. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Feb 24, 2020 • 5min
Tier Mobility, the European e-scooter rentals startup, adds another ~$40M to its Series B
Tier, the European e-scooter rentals startup that operates in 55 cities across 11 countries, has topped up its funding for the second time in four months. The Berlin-based company has extended its Series B round to over $100 million, up from $60 million disclosed in October. The additional capital is a mix of equity and debt financing provided by Moscow’s RTP Global, London’s Novator, and an unnamed U.S. debt fund. Learn more about your ad choices. Visit podcastchoices.com/adchoices
