Now that 2023 is in our rearview mirror, the startup winter is behind us, but we’re not quite out of the woods yet.
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, o
Australia is emerging onto the online used car scene with Carma, a startup that just raised a $20 million (AUD $28 million) seed round from Tiger Global, a U.S. investment firm. Carma has been operati
Canada Drives currently operates in British Columbia and Ontario. With the new funds, Canada Drives hopes to expand to Alberta in the next month, according to co-CEO Cody Green.
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest pri
Today Jamf, a software company that helps other firms manage their Apple devices, raised its IPO price range. The company had previously targeted a $17 to $19 per-share range. A new SEC filing from th
If Postmates has managed anything like revenue growth acceleration because people have been staying home and ordering more food and other goods, its IPO story could prove attractive.
Agora's financials make its IPO pricing a neat puzzle, so let's pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated.
Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But those three firms are hardly alone. We
Expect more as companies try to thread the needle and get out while the Nasdaq is over 10,000.
DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for a roughly $400 million
Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $250 million for a 0.39% sta
After touching the 10,000-point milestone yesterday, the Nasdaq Composite set a new all-time intraday high this morning of 10,028.61, per Yahoo Finance. In more normal times this would be a fanfare mo
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This time around we’re recording what we call an Equity Shot,
Yesterday evening, Vroom, a digital used car retailer, priced its IPO at $22 per share, a figure that was a full $7 above the low end of its first proposed IPO price range. The venture-backed firm fir
What we have here, then, is not merely another unprofitable unicorn. We have a very low-margin, unprofitable unicorn, that is still drawing enough investor interest to raise its IPO range.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Here at Equity Monday we look at what happened over the weekend, wh
Whether or not you feel that this SaaS player was worth the revenue multiple its original, $8 billion valuation dictated, the message was clear: the IPO window is open.
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Used-car marketplace Vroom continued its march towards going public yesterday wi
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