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Petra emerges from stealth with $30M raised for tunnel-boring robot, Swifty

Petra emerged from stealth this week, announcing a $30 million Series A. The round, led by DCVC, brings the robotics company’s funding up to $33 million, with additional participation from ACME Capi

African edtech startup uLesson raises $15M, backed by Nielsen Ventures and Tencent

As many edtech companies benefited from the disruption of the pandemic, attracting wads of cash from investors globally, it did feel like African startups were left out. Well, not anymore: Two-year-ol

Mambu nabs $266M at a $5.5B valuation to double down on embedded financial service and banking APIs

Embedded finance — where companies tap into APIs to integrate banking and other financial tools without having to build everything themselves from the ground up — has been one of the major

Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

Buy now, pay later (BNPL) offerings have existed for a long time, but increased in popularity as the pandemic made more people shop online and conserve cash. Though BNPL has taken off in most parts of

Collective helps freelancers work together as a team

Meet Collective, a French startup that wants to redefine what it means to work as a freelancer in development, product design, digital marketing, data strategy and more. The company has built a platfo

India’s Razorpay launches faster checkout feature, tops $60 billion TPV

Razorpay is making it more convenient for users to pay businesses with a faster checkout option as the leading Indian payments infrastructure giant pushes to win a bigger slice of the world’s second

Klarna launches browser extension with payments and coupons

Fintech startup Klarna is launching a desktop browser extension that provides many of the features that you can find in the company’s mobile app — but on your computer. In addition to the ability

Pleo picks up $200M at a $4.7B valuation to build the next generation of business expense management

Danish startup Pleo, a developer of expense management tools aimed at SMBs to let them issue company cards and better manage how employees spend money, has picked up a large tranche of funding to help

Robotic Research raises $228M Series A to build out commercial autonomous offerings

Robotic Research, a self-driving technology company that has spent the last two decades developing on and off-road autonomous vehicles for the Department of Defense, raised a $228 million Series A rou

Andrew Chen of a16z on how startups get past a “cold start” to survive, then thrive

Andrew Chen has long been a student, and teacher, of how startups engage their users while managing to amass a slew of new ones. Today, he espouses his learnings — as a founder and a former Uber

Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with it

Upmesh closes $7.5M pre-Series A, launches its livestream shopping app for Instagram Live merchants

Two months after its seed round announcement, Singapore-based startup Upmesh has raised a $7.5 million pre-Series A round led by Monk’s Hill Ventures. The new funding brings its total raised so

Indian ride-hailing startup Ola valued at $7.3 billion in new funding

Indian ride-hailing giant Ola has raised $139 million at a valuation of about $7.3 billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. Mumbai-headq

Daily Crunch: Byju’s edtech buying spree continues with $100M purchase of Austria’s GeoGebra

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Niantic’s new Pokémon GO feature incentivizes users to ‘AR scan’ nearby landmarks

Niantic announced a Pokémon GO feature today that will incentivize users to conduct more AR scans of landmarks in their neighborhood. This user-generated data will help Niantic build its “real-

Instagram’s Adam Mosseri defends the app’s teen safety track record to Congress

Head of Instagram Adam Mosseri testified before Congress for the first time Wednesday, defending the app’s impacts on teens and its aspirations to bring younger children formally into the fold. In S

Instagram head Adam Mosseri says the app will offer a chronological feed option early next year

Instagram is bringing back a chronological feed, according to statements made by Instagram head Adam Mosseri during his testimony today before a Senate panel over the harms to young people using the a

Kickstarter plans to move its crowdfunding platform to the blockchain

Head of Instagram Adam Mosseri says teen accounts created on the web don’t default to private

Adam Mosseri, head of Instagram, is testifying before the Senate today about the impact of Instagram on teens’ mental health. His first appearance before the Senate, this is just one of several

Apple won’t have to make the App Store changes ordered in Epic ruling while case is appealed

Apple will not have to implement changes to its in-app purchase system and App Store guidelines as ordered by the judge’s ruling in its court battle with Epic Games. While Apple largely won that
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