General Catalyst
As more traditional finance products and services find their way into web3, there are some crypto startups emerging with a focus on adding decentralization to old-school practices. Spectral, a credit…
Neon nabs $30M to build a scalable cloud service for Postgres databases
Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million in a Series A-1 round led by GGV with participation from…
Traba raises $20M to match contractors with events and warehouse work
Traba, a jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues, today announced that it raised $20 million in a Series A round.…
It’s often hard making new friends as an adult, and it’s even more difficult as you get older, say the founders of Hank. The app connects people aged 55 and…
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate…
Multiverse nabs $220M at a $1.7B valuation to expand its tech apprenticeship platform
We’ve been tracking a worrying trend of layoffs in the technology industry, but that is not the full story. There is, concurrently, a wave of organizations that are also in…
Adam Neumann’s blockchain-based redemption story now sponsored by a16z
In a classic “pivot to crypto to reinvent yourself” moment, controversial WeWork founder Adam Neumann recently launched a startup, Flowcarbon, to sell tokenized carbon credits on the blockchain. Venture capitalists…
Anduril is raising up to $1.2B, sources say at a $7B pre-money valuation, for its defense tech
Technology built to improve state resilience — be it in the form of cybersecurity, energy independence, national defense or something else entirely — has come into stronger focus in the…
Pintarnya is building a super app for Indonesia’s blue-collar workers
Indonesia’s 60 million blue-collar workers contribute 20% to its gross domestic product, but they face a lot of uncertainty. Many are forced to bounce from job to job, some fall…
Featured Article
Raising a Series A in a market of mixed messages
For startups graduating past the seed stage and thinking about landing that coveted Series A, what’s the best way to navigate a market of mixed messages?
How Bounce beat pandemic disruption and bagged a16z to lead its Series A
Bounce, a San Francisco-based startup that’s spent over three years building up a business which layers a number of convenience-focused services, starting with luggage storage and package acceptance, atop a…
SonarSource raises $412M to scan codebases for bugs and vulnerabilities
Maintaining source code is one of the toughest challenges that software developers face. In a 2020 survey from Sourcegraph, 51% of developers said that they have more than 100 times…
Daily Crunch: Beating ‘other takeover bidders,’ Bosch acquires autonomous driving startup Five.ai
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Jobox connects companies with vetted professionals for home service jobs via a marketplace, thus eliminating the need for customers to vet professionals themselves.
VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations like people wanting to access content otherwise…
Remote raises $300M more, now at a $3B+ valuation, to manage payments and more for globally distributed workforces
Remote workforces have come into their own in the last several years, with companies ever more willing to tap into talent wherever it happens to be, and a vast array…
Antimatter raises $12M Series A to help SaaS companies keep their customer data secure
With SaaS becoming the standard for most business software, the security demands on SaaS companies are constantly increasing. Add users who need their data sandboxed from others or kept in…
Kyle Lui, long-time DCM partner, leaving to join Bling Capital as second GP
Lui’s move is the latest among high-profile fund managers.
Blidz raises $6.6M to expand its Pinduoduo-inspired social shopping app
Gamification and social hooks have become cornerstones across every category of consumer apps these days, and today one that’s using these to build out a new e-commerce platform in Europe…
With $9.3M in fresh funding, Zestworld plans a newsletter service for creator-owned comics
The comics world has seemingly been waiting for a digital revolution since the birth of the internet. Launched in 2007, ComiXology has come the closest to delivering such a play…
ChannelEngine raises $50M for an operating system that helps retailers sell through marketplaces
Marketplaces are the order of the day when it comes to selling online, providing a one-stop shop for shoppers, and for retailers looking to target as many would-be buyers as…
Zapt is now Trela; aims to remove the middleman from group food shopping
The inspiration for Brazil-based Trela came from a person buying food for their neighbors directly from suppliers rather than the grocery store.
Flashfood raises $12.3M to scale its grocery app that helps tackle retail food waste
Toronto-based Flashfood, a mobile marketplace that provides customers with access to discounted food nearing its best-by date, has raised $12.3 million in Series A funding led by S2G Ventures. The…
This latest round gives the company $300 million in total funding raised in the past two years and a $1.5 billion valuation.
Remember Wag? The dog-walking app made huge waves back in 2018 when it raised $300 million from SoftBank’s Vision Fund. Wag’s back in the news thanks to a SPAC deal…
Metronome raises $30M to help software companies shift to usage-based pricing models
As more software companies shift to more flexible pricing models based on consumption, many are choosing to charge customers on a per-use, or usage, basis. While this is easier for…
Crypto investors have 1099 problems, but CoinTracker helps make sure filing taxes isn’t one
The upcoming tax season is likely to prove particularly complex for crypto investors, many of whom will be paying taxes on their crypto holdings for the first time ever. In…
TravelPerk adds $115M to equity and debt Series D, discloses unicorn valuation
SME-focused business travel booking platform TravelPerk has topped up the $160 million in equity and debt it raised last in a Series D last April with an additional $115 million…
Featured Article
Record number of unicorns and IPOs: Indian startups raised $39B in 2021
In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the…
Next-day package delivery startup Veho valued at $1B following $125M Series A
Veho’s technology matches package delivery demand with qualified driver partners and lets customers know the actual time of delivery and even communicates when the driver is headed their way.