May 31, 2022
Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical startup…
Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global…
France’s Alven VC launches 6th fund with a hard cap of €350M
With a heritage that goes back to the fabled times of the year 2000 (since then it has backed 160 European teams) Paris-based early-stage fund Alven has something of a…
French startup Upway has raised a $25 million Series A round led by Exor Seeds and Sequoia Capital. The company sells secondhand electric bikes that have been refurbished and are…
South Africa’s Talk360 raises $4M to build single payment platform for Africa
Many businesses looking to set up pan-African operations are often met with the challenge of establishing payment services that are appropriate for each country they go to. Most of the…
The death knell for SPACs?
It was a tough day for special purpose acquisition companies, or SPACs, which had already fallen out of favor after roughly 18 months in the limelight. First, Senator Elizabeth Warren…
It’s no secret that I’m a sucker for photography — I’ve been known to take a photo or two in my time — and I have a hell of a…
When Refraction AI was founded in 2019, its goal was to use robotics to bring down the cost of last-mile delivery. Over the past couple of years, the startup has…
Precursor Ventures’ first hire just spun out to start her own venture firm
Sydney Thomas, who was the first hire at Precursor Ventures, a seed and early-stage focused fund that backs first-time founders, is starting her own venture firm. The investor is going…
Report calls out Apple’s membership in trade groups ‘stalling’ climate efforts
While going to great lengths to promote itself as an environmentally conscious tech firm, Apple joined several industry associations that are “fighting efforts to reduce greenhouse gas emissions,” according to…
Supreme Court pauses controversial Texas social media law
Tech companies got their way in Texas on Tuesday. The Supreme Court just blocked a controversial law that allows Texas residents and the attorney general to sue social media companies…
Student social good startups collect $100K in T-Mobile competition
A diverse collection of students with big ideas will split about a hundred grand in prize money after competing in T-Mobile’s Changemaker Challenge. Now, $5,000-10,000 may not sound like a…
Improving the efficiency of your software engineering team has many advantages, prime among which is the ability to make up for problems in other areas.
Daily Crunch: Amazon will sunset Cloud Cam service in December, offers customers free Blink Mini
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Ultima Genomics claims $100 full genome sequencing after stealth $600M raise
The appetite for genomic data continues to rise in the field of biotech and pharmaceutical research, but cost is still a factor — even sequencing a full genome now costs…
What really caught our attention is that Monte Carlo’s and Cribl’s deals were announced now, right in the middle of a broad startup downturn.
Cydia’s antitrust case against Apple is allowed to proceed, judge rules
A federal antitrust lawsuit over the long-shuttered alternative app store called Cydia has now been given the green light to proceed, after its initial complaint was dismissed. The Cydia app…
Lionsgate plans to officially announce a Starz spinoff this summer
Lionsgate CEO Jon Feltheimer revealed details during an investor call on Thursday, May 26, about the company’s plans to spin off its Starz streaming unit by the end of the…
The Jonas Brothers help launch Scriber, a creator subscription company
The creator economy is “burning up,” and the Jonas Brothers are cashing in. Launching today with the help of these former teen heartthrobs, Scriber is a creator subscription company geared toward…
I would love to see more companies like Artiphon in the world. Hardware startups with clever ideas and a knack for bringing them to market. Back in November 2020, I…
DeLorean reveals Alpha 5, a performance EV with Back to the Future vibes
DeLorean released fresh details and images of its Alpha 5 EV, a gull-winged electric vehicle that the company’s owners hope will resurrect the long defunct brand and possibly set the…
Felt’s $15 million chance to prove that maps are the next big medium
Despite economic turmoil in the tech world, an Oakland-based startup shows that moonshots are still getting funded. Felt, co-founded by Sam Hashemi and Can Duruk, wants to disrupt the role…
Netflix’s password-sharing test in Peru is confusing subscribers, report suggests
It’s been a bumpy ride for Netflix recently, and the announcement that it will be charging for password sharing hasn’t gone as smoothly as it might have hoped, a new…
Back in 2018, a struggling Sphero needed a change. Post-Disney IP deal, life hadn’t been easy for the Colorado robotic toy firm, so it looked to a potentially lucrative new…
Rerethinking Databricks’ valuation in a more conservative startup market
To understand how much the late-stage market has changed in the last few months, we’re once again pulling public market data that we will contrast against mega-unicorn Databricks’ known results.
Apple’s iOS 16 said to include a revamped lockscreen with widgets, updated Messages and Health apps
Ahead of Apple’s big developer conference on June 6, WWDC, new information about what’s in store for iOS 16 has come to light. According to leaks reported by Bloomberg’s Mark…
For our latest survey, we polled 1,200 IT leaders, representing roughly $570 billion in annual IT spending.
Featured Article
Depressed? This algorithm can tell from the tone of your voice
Mental health issues have come into a clearer focus amid the pandemic. Depression became endemic, but it still too often goes undetected. Even when it does, healthcare providers struggle to meet demand. Two women engineers — both of whom experienced depression and had trouble finding therapy — thought the answer might be helping medical pros…
TikTok is testing a ‘clear mode’ for a distraction-free scrolling experience
TikTok is testing a new feature that would allow for a distraction-free scrolling experience on the app, the company confirmed to TechCrunch. The new feature, which is called “clear mode,”…
Two fintech giants are partnering up. Affirm is making its buy now, pay later technology available to businesses that use Stripe’s payments tech. This means that a whole slew of…