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Louis, a Missouri-based pension fund, filed the lawsuit against Intel on behalf of other investors in a SanFrancisco federal court on Wednesday. The Construction Laborers Pension Trust of Greater St. The proposed class action names Chief Executive Officer Pat Gelsinger and Chief Financial Officer David Zinsner as co-defendants.
Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding. The round was led by 1984 Ventures, an early-stage venture capital firm based in SanFrancisco.
AppDirect, a SanFrancisco- and Montreal-based platform for buying, selling and managing tech through a network of IT advisors, has raised $100 million from CDPQ to expand its financing program for small- and medium-sized tech businesses. All rights reserved. For personal use only.
Healthcare startup Color has raised a sizable $167 million in Series D funding round, at a valuation of $1.5 This latest investment into Color was led by General Catalyst, and by funds invested by T. billion post-money, the company announced today. including those related to the “last mile” delivery of COVID-19 vaccines.
Flippa , an online marketplace to buy and sell online businesses and digital assets, announced its first venture-backed round, an $11 million Series A, as it sees over 600,000 monthly searches from investors looking to connect with business owners. Our strategy is verification at the source, i.e. data,” Hutchison said.
SF New Deal began with a vision of SanFrancisco as a world class city that provides an abundance of support, opportunity, dignity, respect, and appreciation for small businesses and neighbors in need. SF New Deal launched in March 2020 as a rapid response to the COVID pandemic in SanFrancisco.
Austin-based venture firm 8VC, led by controversial Palantir founder Joe Lonsdale, has raised $880 million in its fifth fund. In 2020, 8VC famously moved its headquarters from SanFrancisco to Austin, Texas. The fund is believed to be the biggest Texas-based venture fund for startups, according to AustinInno.
Early-stage fintech-focused venture firm Better Tomorrow Ventures has raised $225 million for its second fund — triple the amount it raised for its debut fund that closed in September of 2020. It has also reserved $75 million for an opportunity fund for follow-on investments. It’s committed to three so far.
Food Rocket has taken an unconventional route, striking a funding deal with Alimentation Couche-Tard Inc. We understand the business model is not about delivering just groceries,” Alexandrov told TechCrunch. “We Many grocery delivery startups begin small, in one city, building up locations to cater to a certain neighborhood.
Today a company focused on experiences — museum visits, skydiving, local cooking classes and more — is announcing a round of growth funding on the back of seeing its own business bounce back. Peek also took to the offensive, thinking of how it could work differently with its customers on both sides of the business.
Mortgages may not be considered sexy, but they are a big business. The SanFrancisco-based startup’s SaaS (software-as-a-service) platform currently processes over $5 billion in mortgages and consumer loans per day, up from nearly $3 billion last July. That compares to a $3.3 million in 2019. million in 2019 to $74.6
OpenAI, the SanFrancisco-based lab behind AI systems like GPT-3 and DALL-E 2, today launched a new program to provide early-stage AI startups with capital and access to OpenAI tech and resources. Called Converge, the cohort will be financed by the OpenAI Startup Fund , OpenAI says.
In its quest to turn the culinary talents of passionate home cooks into small businesses, Shef , a chef-to-consumer marketplace, is now taking those efforts nationwide. Today, the SanFrancisco-based company operates in 11 states plus Washington, D.C., Their businesses continue to grow and our business continues to grow.”
I once aspired to own SanFrancisco real estate. “Despite the economic uncertainty, we believe new records will be established in spacetech as giant commercial projects get funded,” says Mark Boggett, CEO and co-founder of Seraphim Space Manager LLP. 4 tips to find the funding that fits your business.
It’s a vital question, and it’s why we’ve invited three investors — who we think know their stuff — to share their insight and advice on the TechCrunch+ stage at TechCrunch Disrupt on October 18-20 in SanFrancisco. He is also the GP of the 500 Fintech fund. Early action equals bigger savings. Prices increase July 29.
Certainly, he never imagined launching a private event management platform for restaurants and venues, but that’s what he is building, and VCs think enough of it that they just seed funded the company to the tune of $3.6 The private events business is estimated to generate roughly $80 billion per year in the U.S.,
This year’s top auctioneers are driving impactful change, raising crucial funds and leveraging their expertise to make a difference for great causes worldwide. He is also a member & ambassador of the Anchorage Chamber of Commerce Board and a member and the BNI Alaska Business Pipeline Chapter, a business referral networking group.
Its been gradual, but generative AI models and the apps they power have begun to measurably deliver returns for businesses. It allows employees of all technical backgrounds to quickly generate personalized, accurate answersand even create their own no-code tools to make the agents work better for the specifics of their jobs and businesses.
Uber is selling its autonomous vehicle business to Aurora Innovations, a SanFrancisco-based startup founded by the former head engineer of Google’s self-driving car project, the two companies announced Monday. The company raised half a billion dollars last year in a funding round led by Amazon.
Side , a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that doubles its valuation to $2 billion. The goal is to help partner agents “predictably grow” their businesses and improve their productivity.
Vendease , an online marketplace that allows restaurants and other food businesses to buy supplies straight from manufacturers and farms, has raised a seed round of $3.2 SanFrancisco-based venture capital firm Global Founders Capital led the seed round. million, the company confirmed to TechCrunch. Image Credits: Vendease.
The lack of trust between NGOs and local Kenyans and the expectancy that NGOs are funded from outside Kenya are the key reasons for limited local fundraising towards NGO in Kenya. M-Changa also makes it easy for NGOs to account for funds coming in from multiple paymnet channels with automatic reporting and statements.
As the number of people becoming independent workers rises, investors are taking notice of startups helping these workers build their businesses. HoneyBook is the latest to feel some love in this area, unveiling Wednesday that it raised $250 million in Series E funding, just six months after securing $155 million of Series D capital.
Lilt , a provider of AI-powered business translation software, today announced that it raised $55 million in a Series C round led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures. “This new funding will … [reduce our] unit economics [to make] translation more affordable for all businesses. .
Deepgram, a company developing voice-recognition tech for the enterprise, today raised $47 million in new funding led by Madrona Venture Group with participation from Citi Ventures and Alkeon. “Deepgram’s business continues to grow rapidly. “Deepgram’s business continues to grow rapidly.
As a result, Deel — a SanFrancisco-based startup which provides payroll, compliance tools and other services to help businesses hire remotely — has seen a massive surge in demand. billion valuation , the startup is announcing it has raised $425 million in a Series D funding round that gives it a valuation of $5.5
and Europe, today announced that it has raised $65 million, with $50 million of those as a Series B funding round co-led by Albacore Capital Group and $15 million in convertible notes. A typical one-way trip from SanFrancisco to Los Cabos will set you back about $2,300. In the U.S., Image Credits: Aero.
That’s why we’re excited to announce that Mathilde Collin, co-founder and CEO at Front, Deidre Paknad, co-founder and CEO at WorkBoard and Adriana Roche, chief people officer at Mural, will tackle this topic onstage at TechCrunch Disrupt on October 18-20 in SanFrancisco. Early action equals bigger savings. Prices increase July 29.
But the company wants to control its narrative again with some product and business news. While the default power mode works fine in most cities, it’s not enough in hilly cities like SanFrancisco. New funding round at a lower valuation In January 2022, Cowboy announced an $80 million funding round.
In the rest of this newsletter, we’re going to talk about the do-it-all startups and Sarah Guo’s new VC fund. Being in the business of convincing people that they deserve a vacation is hard. Being in the business of convincing people that they deserve a vacation is hard. Funding in Indian startups shrinks by more than half .
Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venture capital firm Neo. Serve Robotics didn’t share specifics of the funding except to confirm that the round, which will be a Series A, has not been completed yet.
billion following a $1 billion investment last year from Toyota, DENSO and SoftBank’s Vision Fund. Urmson led the former Google self-driving project before it spun out to become the Alphabet business Waymo. Uber is also reportedly in talks to sell off its autonomous air taxi business Uber Elevate.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and SanFrancisco. Founded in August 2018, Truora was originally focused on background checks for gigster platforms.
Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. There’s so much to build for so many people and businesses.
Allison Baum Gates Contributor Share on Twitter Allison Baum Gates is a general partner at early-stage venture capital fund SemperVirens, and the author of Breaking into Venture. I had a strong personal network and brand in the Hong Kong region, and I had no trouble finding local entrepreneurs who wanted to pitch Fresco Capital for funding.
Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. ” While the pair would not provide hard revenue figures, the company – which operates as a SaaS business – says it increased its revenue by 600% in 2020.
Apollo.io , which is developing sales intelligence and engagement software for business-to-business companies, brought in $32 million in Series B funding to continue with its go-to-market acceleration approach. Tribe Capital led the round and was joined by NewView Capital and existing investor Nexus Venture Partners.
billion each to tackle similar issues plaguing the SanFrancisco Bay Area. This new $2 billion Housing Equity Fund will create or preserve 20,000 affordable homes in all three of our headquarters regions—Arlington, Puget Sound, and Nashville.
waitlist, and that post pandemic Monzo will choose SanFrancisco for its U.S. CEO comes hot on the heels of Monzo reportedly raising further top up funding. The current U.S. team is still roughly ten people as the bank works through its U.S. banking charter application and supports a limited pool of U.S. customers.
Greenoaks Capital and TCV co-led the financing, which brings the three-year-old SanFrancisco startup’s total raised to $1.2 In conjunction with the funding announcement, Brex also announced that it has hired away an exec from Meta: Karandeep Anand. He’s a unique hire in that sense, and that’s particularly important for Brex.
Vouch , a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. With the latest financing, SanFrancisco-based Vouch has now raised a total of $160 million since its 2018 inception. Insurtech is hot on both sides of the Atlantic.
It struggled to raise additional funds that it needed to get its plans back in motion. Using its due diligence as an investor as subtext, Zunum said Boeing gained access to its business plan and proprietary technology, and “exploited” Zunum for its own benefit. Think LA to SanFrancisco or New York to Boston.)
Data streams with continual, real-time updates of information are a critical building block of how apps and sites function today, and now a startup that has built a platform to power those data streams is announcing a growth round of funding on the back of strong growth in its business into a wider set of use cases.
Shu Nyatta, a managing partner at SoftBank who co-leads its $5 billion Latin America Fund, pointed out a dynamic that might seem obvious but is rarely articulated: Technology in LatAm is often more about inclusion rather than disruption. Similarly, most businesses are underserved by modern software solutions,” Nyatta explained.
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