Mary Ann Azevedo

Mary Ann is a Senior Reporter at TechCrunch.

The Latest from Mary Ann Azevedo

Better.com CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed

Better.com CEO Vishal Garg apparently realizes he’s done wrong. (As if the barrage of negative publicity wasn’t enough evidence of that.) Today, a letter to current employees was leaked on Blind b

Better.com’s PR, comms, marketing heads submit resignations in wake of layoffs fiasco

Better.com continues to find new ways to make itself look bad. This week, sources familiar with internal happenings within the company told TechCrunch the company’s VP of communications, Patrick Len

Tiger Global, Avid Ventures lead $35M round for London payroll automation startup Pento

One of the biggest pain points for any business, but especially SMEs, is managing payroll.  A startup that has built payroll automation software to make the process less painful, Pento, has raised $3

Bain Capital Ventures taps ex-Affirm exec as its newest partner to focus on early-stage fintech and commerce

Bain Capital Ventures has named Christina Melas-Kyriazi, a former Affirm executive and angel investor, as its newest partner. Melas-Kyriazi will be based in the firm’s San Francisco office and focus

Hometap closes on $60M to let people tap into their home equity without taking out a loan

Hometap, a startup that offers people a way to borrow against the equity in their homes without taking out loans, has raised $60 million in new funding. American Family Ventures led the investment, wh

Square’s Better.com name Block is Butter-y smooth

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. It’s Friday, which means the whole crew was aboard for th

Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

Mendel, a corporate spend management solution for enterprises in Latin America, announced today that it has secured $35 million in debt and equity.  The Mexico-based startup closed the $15 million Se

Hotel Engine raises $65M at a $1.3B valuation as corporate travel rebounds

With the pandemic heading into its second year, people all over the world are traveling more for work again. If you’ve flown anytime in the past few months, the packed planes are in part evidence of

Mexican BNPL player Kueski secures $202M in debt & equity as it nears $100M+ in ARR

Kueski, a Mexico City-based “buy now, pay later” and online consumer lender, announced today it has secured $202 million in equity and debt funding. StepStone Group (which recently acquired Greens

Kayak co-leads Life House’s $60M Series C to ‘reimagine’ the hotel experience

Life House, a boutique hotel operator that has built software aimed at helping independent hotel owners and operators, has raised $60 million in a Series C round of funding co-led by new investors Kay

Ahead of public market debut, Better.com lays off 9% of its staff

One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff. Doing the math, that

Butter raises $7M to end ‘accidental’ customer churn due to payment failure

Vijay Menon, a statistician by trade, began his career at Microsoft.  It was there that he realized there was an astounding number of subscriptions that failed to renew or even go through to begin wi

Better.com gets $750M cash infusion in new agreement with its SPAC backers

Digital mortgage lender Better.com, which announced in May that it was going public via a SPAC, is getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition

Brazilian workspace-on-demand marketplace BeerOrCoffee snags $10M

BeerOrCoffee, a São Paulo-based flexible office marketplace, has raised $10 million in a Series A round led by Kaszek. Valor Capital Group also participated in the round, which brings BeerOrCoffee’

Fundbox, a fintech focused on SMBs, raises $100M at a $1.1B valuation

Fundbox, a company that offers loans and financial products to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 billion. Or more simply, the comp

Lee Fixel’s Addition leads $32M investment into TruePay, a Brazilian B2B ‘buy now, pay later’ startup

Global investors continue to be drawn to LatAm. TruePay, a one-year-old São Paulo-based “buy now, pay later” startup, announced today that it has raised $32 million in a Series A funding

Inpathy aims to be a social network that mirrors real human experience

There have been countless studies about the damaging effects of social media on mental health, particularly on teens. And yet, most of us just can’t quit social networking. Even if it makes us feel

Ireland’s Fonoa raises $20.5M to help digital-first businesses stay tax compliant as they scale globally

There are myriad tax pain points that come from selling goods, content or services globally.  As the world has seen a surge in cross-border transactions, digital-first businesses face the challenge o

Co-founder titles aren’t a formality, they’re a morality

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. Good news, everyone: Mary Ann is back! Yes, after a short absen

Draper Startup House launches first accelerator program, choosing Austin as its home

Austin, Texas, is becoming the new home for large companies (Tesla), investors and startups alike.  It is now also the new home for Tim Draper’s newest initiative to help support early-stage founde
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