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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

Lori Systems, an African on-demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters, has raised a pre-Series B round in wh

VLC says India blocking site endangers its own citizens

VideoLan, the developer of popular media player VLC, says Indian telecom operators have been blocking its website since February of this year in a move that is potentially impacting some users in one

Spotify prompts some users to record reaction podcasts to playlists

After testing new in-app podcast recording tools for users in New Zealand, Spotify is now trialing a new audio feature in Vietnam, one that’s designed to encourage users to record voice reaction

Sequoia India-backed Digit Insurance files for $440 million IPO

Indian insurer Digit has filed for an initial public offering, looking to raise about $440 million even as many of its local peers have deferred plans to list publicly in the South Asia nation. The In

Klarna founder to launch new ‘Nobel Prize for Impact’

According to BCG global assets under management are around $100 trillion, but only $715 billion, or less than 1%, goes on what you might term ‘impact’ companies or projects to tackle the world’s

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

Helbiz reports revenue increase but dwindling cash reserves

Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earn

Mycel’s mushroom-based biomaterials sprout $10M in funding

Mycel, a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Co-founder and CEO

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

WeWork co-founder and former chief executive Adam Neumann’s career arc has felt synonymous with the rise and eventual fall of unicorn dreams. The entrepreneur, whose fall from grace has attracted gl

Daily Crunch: Meta backs SMB e-commerce app launched by former Facebook engineering manager

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

Max Q: Testing, testing

In this issue: Northrop Grumman and Firefly Aerospace want to make the Antares rocket all-American; how Muon Space is locking in customers; news from SpaceX, OneWeb and more

Bird burns $310M but sees revenue bounce back

Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shake

DoorDash partners with Meta to test delivery of Facebook Marketplace items

DoorDash has confirmed that it has teamed up with Facebook Marketplace to make that awkward exchange of items with a stranger a bit easier. The company said DoorDash Drive, its business-to-business se

YouTube may launch a channel store for streaming services, report says

YouTube may be looking to launch an online channel store for streaming services through the YouTube app, positioning itself in direct competition with Amazon, Roku, and Apple, three tech giants that e

Walmart+, the retailer’s Prime competitor, will add Paramount+ access as a new perk

Walmart is partnering with Paramount Global to offer its streaming service, Paramount+, to members of Walmart’s own free shipping program and Amazon Prime rival, Walmart+. The deal was first con

Serena Williams’ next act in venture capital is essential in this moment

When Serena Williams steps from away tennis, she’ll be walking into an arena as white as the one she just left.

Layoffs hit HBO Max as 70 employees lose their jobs

The rumored layoffs are coming true: Warner Bros. Discovery, the newly merged parent company to HBO, is cutting personnel costs. Fourteen percent of staff under HBO and HBO Max chief content officer C

Bumble experiments with group chats, polls and video calls for its new social networking feature, ‘Hive’

Dating app maker Bumble revealed more of its plans to strengthen its social networking features during last week’s Q2 earnings, which saw the company’s shares slump over its lowered finan

The phishing catch of the day is Twillio (and other TC news)

This week on the TechCrunch Podcast Natasha Mascarenhas is back to talk about VC-backed aperitif company Haus being forced to sell. Then we’re joined by Carly page to talk about a recent phishing ca

Signal says 1,900 users’ phone numbers exposed by Twilio breach

End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week. Tw
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