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Tim Hortons marks two years in China with Tencent investment

Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital part

Bessemer Venture Partners closes on $3.3 billion across two funds

Another major VC firm has closed two major rounds, underscoring the long-term confidence investors continue to have for backing privately held companies in the tech sector. Early-stage VC firm Besseme

Newsela, the replacement for textbooks, raises $100M and becomes a unicorn

Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures, announced today that it has raised $100 million in a Series D roun

Daily Crunch: Twitter announces ‘Super Follow’ subscriptions

Twitter reveals its move into paid subscriptions, Australia passes its media bargaining law and Coinbase files its S-1. This is your Daily Crunch for February 25, 2021. The big story: Twitter announce

AT&T is turning DirecTV into a standalone company

AT&T just announced an agreement with private equity firm TPG that will turn DirecTV into a standalone company, albeit one that’s still majority owned by the telecom giant. Specifically, AT&

Orca wants to give boating navigation its ‘iPhone moment’

Boating is a hobby steeped in history and tradition — and so is the industry and those that support it. With worldwide connectivity, electric boats, and other technological changes dragging the sect

DigitalOcean’s IPO filing shows a two-class cloud market

This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.&#8

Crypto company Anchorage raises $80 million after getting federal banking charter

Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating

Twitter’s ‘Super Follow’ creator subscription takes shots at Substack and Patreon

It’s been an all-around more ambitious year for Twitter. Following activist shareholder action last year that aimed to oust CEO Jack Dorsey, the company has been making long overdue product move

Stoke Space aims to take reusable rockets to new heights with $9M seed

Many launch providers think reusability is the best way to lower the cost and delay involved in getting to space. SpaceX and Rocket Lab have shown reusable first stages, which take a payload to the ed

Robotics roundup

Robotics took a small step into the wild world of SPACs this week, as Berkshire Grey announced its plan to go public by Q2. Setting aside some of the bigger issues with using the reverse merger route

Sergey Brin’s airship aims to use world’s biggest mobile hydrogen fuel cell

Sergey Brin’s secretive airship company LTA Research and Exploration is planning to power a huge disaster relief airship with an equally record-breaking hydrogen fuel cell. A job listing from the co

Register for TC Sessions: Justice for a conversation on diversity, equity and inclusion in the startup world

Diversity, equity and inclusion. These essential elements remain woefully lacking across the tech industry despite recent strides. Join us on March 3 — just one week away — for TC Sessions: Justic

Docyt raises $1.5M for its ML-based accounting automation platform

Accounting isn’t a topic that most people can get excited about — probably not even most accountants. But if you’re running any kind of business, there’s just no way around it.

Blue Origin pushes New Glenn orbital rocket’s first flight to Q4 2022

Jeff Bezos’ space company Blue Origin published an updated timeline for the first flight of New Glenn, the orbital rocket it’s building to complement its existing New Shepard suborbital sp

Learn about creating equity in tech with Rep. Barbara Lee at TechCrunch Sessions: Justice

Rep. Barbara Lee, who has represented the East Bay of California since 1998, is one of Congress’s staunchest proponents of diversity in tech. Representing Oakland, Emeryville and other cities nestle

Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totaling $969 million in commitments from LPs. This is the firm’s largest fund to da

Former top Paytm exec is building his own financial services startup

The executive who built the financial services boutique for Paytm, India’s most valuable startup, is ready to do something similar all over again. Pravin Jadhav, the former chief executive of Pa

Five takeaways from Coinbase’s S-1

This morning I want to dig more deeply into Coinbase's user numbers, its asset mix, its growing subscription incomes, its competitive landscape and who owns what in the company.

How top startup lawyer Dawn Belt thinks about company-building in the age of SPACs

Dawn Belt has been working with top tech companies for two decades, most recently helping commercial electric vehicle company Proterra go public as a SPAC in January. Now she’ll be joining us at
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