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Daily Crunch: Mac sales down 10%, iPhones up 3% — Breaking down Apple’s quarterly numbers

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

Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff

Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired — adding to the volatility the technology sector has seen over the past 18 mont

Anthemis, Airbase and Ramp will talk about balancing runway and growth in competitive sectors at Disrupt

How long is your startup’s runway? It’s an important question and an essential metric for every early-stage founder to know. But for startups wading into hot sectors with big markets — fintech a

Casper king Philip Krim is getting into the insurance business

Since departing his role as Casper CEO in 2021, Philip Krim has spent the majority of his time investing and incubating companies via Montauk Ventures. The latest is an insurance company called Ranger

Tusk Venture Partners just closed its third fund with $140M, double its predecessor fund

Tusk Venture Partners, the now six-year-old, New York-based early-stage venture firm co-founded by longtime political strategist Bradley Tusk and former Blackstone director Jordan Nof, has closed its

Bradley Tusk is seizing the moment: ‘We’re investing, we’re incubating, we’ve got SPACs’

Whether or not we’re at some kind of tipping point right now, venture investors, old and new, have done very well in recent years, with their limited partners notching the biggest gains in decad

Empathy raises $30M for a personal assistant that helps with the practical and emotional process of bereavement

Death is one of the hardest things to cope with in life, both from an emotional and organizational standpoint. And what’s worse is that the latter of these is inevitably compounded by the fact t

What happens when Wall Street falls out of love with your sector?

Either the neoinsurance companies' long-term models will come to fruition thanks to large cash balances providing runway to prove their point, or Wall Street is correct -- they were always overvalued.

A lot of cash and little love: An insurtech story

The players in the space that we can name and track are generally cash-rich and market-sentiment poor.

Check out the expert speakers joining us on Extra Crunch Live in July

What are the most important factors when you’re pitching your startup for fundraising? What questions come to the minds of the VCs you’re pitching? How do you get the deal across the finis

Short seller says Lemonade website bug exposed insurance customers’ account data

An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered” security flaw that exposes customers’ ac

Next Insurance raises $250M, doubling its valuation to $4B in under a year

Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at

Insuretech startup Counterpart raises $10M in funding round led by Valor Equity Partners

Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the “management li

Investor Alexa von Tobel on the biggest driver of social media-fueled stock trading

Alexa von Tobel has always felt strongly that too many people are shut out of the stock market. She felt this as a 23-year-old who didn’t have $5,000 to open a brokerage account. She felt it whi

Hot IPOs hang onto gains as investors keep betting on tech

How many recent tech IPOs are down from their opening price? We looked at 14 debuts from the last year to find out.

Israel’s startup ecosystem powers ahead, amid a year of change

But it’s been hard to argue against this position in the last 10 years, as the country powered ahead, famously producing ground-breaking startups like Waze, which was eventually picked up by Google

One final $100M ARR company and the startups we want to meet in 2021

As we head toward the exits of 2020, we have one more name to add to our roll call of private companies that have reached the $100 million annual recurring revenue (ARR) milestone. Well, one and a hal

Lemonade launches its renters insurance in France

Lemonade is launching its renters insurance in France. This is the company’s third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company with

As Metromile looks to go public, insurtech funding is on the rise

Earlier this week, TechCrunch covered the latest venture round for AgentSync, a startup that helps insurance agents comply with rules and regulations. But while the product area might not keep you up

Insurtech’s big year gets bigger as Metromile looks to go public

In the wake of insurtech unicorn Root’s IPO, it felt safe to say that the big transactions for the insurance technology startup space were done for the year. After all, 2020 had been a big one f
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