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On February 24, Russia launched an invasion of neighboring Ukraine after months of a military build-up on its borders. News outlets in Ukraine are also reporting outages caused by cyberattacks, which the Ukrainian government says it has “unambiguously linked” to Moscow. Its payments processor, Paddle , is based in the U.K.,
As so many have said — far more eloquently than me — the invasion of Ukraine is a story that impacts all of us, whether we’re on the ground there or not. My brilliant colleagues put together a story on how the tech industry is responding to Russia’s invasion of Ukraine ; I urge you to read it. Jambo raises $7.5M
DigiTimes Asia (via NotebookCheck) writes that the Covid-19 lockdowns in China and Russia's invasion of Ukraine have led to increased manufacturing costs, supply chain issues, and logistical problems for laptop makers. As such, they are "mulling raising their prices to reflect rising logistics and other costs in the second half.
Much of it was on YouTube and was related to the country’s invasion and subsequent war with Ukraine. Jacquelyn reports that Tribe Capital raised $25 million to launch a crypto incubator program. AM Ventures raised $100 million for industrial 3D printing , writes Haje. Also, a bunch of new funds announced again today.
Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. and Catherine T. MacArthur Foundation.
Today marks exactly one year since Russia’s illegal, unprovoked, and brutal of Ukraine. This week, a majority of the members of the United Nations reiterated its demand that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine and called for a cessation of hostilities”.
How tech is responding to Russia’s invasion of Ukraine : The technology world is a global industry, which means that when geopolitical conflicts arise, it impacts the world that TechCrunch covers directly. We have notes up on cyberattacks and companies in Ukraine. It just raised $140 million at a $1.5 billion valuation.
The company worked on energy renovation for public buildings, residential buildings and industrial facilities. “We The was in Ukraine has had a significant impact on energy bills. After bootstrapping for 15 years, energy renovation company Effy raises $22 million by Romain Dillet originally published on TechCrunch
million Series A round that brings the company’s total raised to $24.63 ” EverestLabs endeavors to solve an enduring challenge in the recycling industry: making the plants that process residential and commercial recycling more effective. . EverestLabs raises $16.1M It’s nearly Sisyphean.
The industrial biotech startup is working on bringing a novel protein to market — one it says will offer a nutritious, sustainable alternative to animal-derived proteins. Since the Ukraine war started, Europe has been facing an exacerbated supply vs demand issue. Russia being a major but unreliable supplier of gas to Europe.).
However, that apartment was in Ukraine. In 2021, Propy sold an apartment via NFT in Ukraine. To date, it’s raised more than $16 million in venture capital and is backed by the likes of Tim Draper and Michael Arrington. Today it launches the whole concept in the U.S., an entirely different kettle of legal fish.
The company announced today it has raised $5.7 Seafair was launched late last year by Agapitos Diakogiannis, who was born and raised in Greece, and its current clients include one of the world’s top 100 shipping companies. Maritime intelligence platform Greywing raises seed funding from investors like Flexport.
The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. Considering that Lucid disclosed it has 30,000 reservations for the Air, it will be awhile before the company sees the benefit from these raised prices.
Covid-19 expanded the attack surface and [even] the Russian invasion of Ukraine has expanded that great deal.” This is in contrast to other kinds of business insurance, which are typically based around industry risk guidelines published by third parties, combined with number of employees and revenue.
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. In addition to speaking at IDCEE’13 in Kyiv, Cooper had another goal in visiting Ukraine (and Russia, a couple of days before that). million jobs.
Ben Boissevain is the founder of Ascento Capital , a boutique investment bank that provides advisory services for M&A, capital raises and valuations to technology companies in the U.S. This research should include target financing, capital structure, leadership and industry reputation. and internationally.
Xreal announced in January 2024 it had raised an additional $60 million in funding for further development of its AR glasses. Varjo and partner Dogfight Boss also announced in August that their headset-based F-16 simulator had been deployed to help Ukraine train fighter pilots in its war with Russia. In the U.S.,
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. “Customers expect an e-commerce experience and the car industry is the largest retail market in the world with the lowest e-commerce penetration rate of all markets,” a spokesperson for Finn told TechCrunch.
The push to fund Ukraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. TechCrunch has notes on how Ukraine is using the coin more generally and from a military perspective. But that hasn’t stopped Australian neobank Zeller from raising AUD$100 million at an AUD$1 billion valuation. Read it here.
Oda , one of the bigger players in online grocery delivery in Europe with operations in its home market of Norway as well as Finland and Germany, today announced that it had raised 1.5 Oda, the Norwegian grocery delivery startup, raises a fresh $151M, but at a lowered valuation of $353M by Ingrid Lunden originally published on TechCrunch.
With plans to raise a $25 million fund and more than $15 million already invested, PsyMed Ventures focuses on early-stage startups developing psychedelic therapeutics. Dear Sophie, We’re a startup that currently has an employee, who is originally from Ukraine, working for us on an H-1B visa. United with Ukraine.
It’s a fact that startups, regardless of industry, face more hurdles today than they did a year ago. Driven by inflation, the war in Ukraine and other economic headwinds, recessionary fears have put a squeeze on sources of funding that were previously easily attainable. The consequence?
In short, it appears that a host of startups raised new capital last year when valuations – and therefore revenue multiples – were hot. In a changed world, how will those companies manage to raise more cash and avoid a downround at the same time? And yet Beam’s latest raise attests to the very opposite.
Supply chain disruption caused by the COVID-19 pandemic and the war in Ukraine is driving increased costs of goods and services, affecting not only the industrial sector (e.g., semiconductors), but also the agriculture industry. Tridge, which posted less than $7.4 Carrefour and Indofood.
Raising money isn’t the total point of GivingTuesday, there are also many other creative ways that charities, businesses and individuals participated in the day. One of my favorites: #GivingTuesday in Ukraine, launched a new curriculum in over 200 schools that teaches students across the country about kindness, generosity and giving.
Virtual Reality (VR) has struggled to transition too far beyond gaming circles and specific industry use-cases such as medical training , but with the burgeoning metaverse movement championed by tech heavyweights such as Meta , there has been a renewed hope (and hype) around the promise that virtual worlds bring. Energy crisis.
Today, they’re on track to surpass half a billion rides globally by 2021, far outpacing early growth in the carbon-heavy ride-hailing industry founded by Uber in 2009. 3: Comprehensive industry safety report released (spring 2019). 1: Shared scooters launched (fall 2017). After an encouraging start, shared e-scooter riders in the U.S.
Getir, an Indian instant-delivery company, just raised a $768 million Series E, pushing its valuation to nearly $12 billion. Optimism is one such company, and it just raised a $150 million Series B at a valuation north of $1 billion. Hydrow – the aptly named at-home erging machine – just raised $55 million. Startups and VC.
Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. ” The move would not be unprecedented for AEI.
In fact, most were told that the company had been dissolved — according to interviews TechCrunch had with a number of former employees, and corroborated in a report last week by industry blog Restaurant Dive. Butler founder and CEO Premtim Gjonbalic has experience in the hospitality industry.
Twitter tries to restore service in Russia : While some tech companies are working to cut ties with Russia after the country’s government invaded Ukraine, others are trying to keep their services up in the country. Captain Fresh salutes new $500M valuation : The market for using tech to improve long-standing industries is no joke.
He saw an opportunity to modernize an industry desperately in need of digitization by applying the power of open APIs to get at data often locked away in various enterprise systems. Our dev team is actually still in the Ukraine. He has a handful of large customers using the software, and reports a healthy pipeline.
Tech talent flees Russia : As the Russian invasion of Ukraine grinds along, technology companies of all sizes are trying to figure out how to handle their business operations and staff. The gist is that Russia’s tech industry has become a pariah from a venture capital perspective, and little human capital wants to remain within its borders.
Although this year is no different in how we will once again come together virtually as a community for Nonprofit Summit, we’ll do so with heavy hearts for the devastation taking place in Ukraine and the surrounding regions. We know that you don’t just want to hear from leaders in your industry; you want to interact with them.
Let’s do a proverbial cannonball into the startup pond: Software eats food distribution : Cerve raised $2 million for a wholesaler platform as post-COVID food distribution digitizes. Looking perky : A propos employment benefits, Compt just raised $13 million to make employee perks a bit more personalized.
What financial milestones will investors expect me to reach between each raise? What are the more subjective milestones I need to hit to evidence I’m ready for the next raise? In the AV industry, the ultimate goal is to create vehicles that can operate in every situation that a human driver could navigate.
“However, we anticipate a long tail of use cases for industry players searching for upcoming IPO candidates, monitoring competitors in the market or seeking validation for an investment in their next round.” ” VC Exit Predictor might perform well on PitchBook’s test set. .”
I’ve lived on four different continents, and I’m infuriated that in 2022, sending money internationally is still an industry full of “solutions” that make you wonder who’s in charge around here. SwooshTransfer raised a multimillion-dollar angel round to solve this problem once and for all, “making transactions simple.”
It’s also teasing a Series B round coming next year — which it anticipates being one of 2023’s largest B rounds in Europe in the alternative proteins industry (for some context, another European startup, Planted, raised a $72M Series B round earlier this fall ). Heura’s plant-based ‘chicken’ hits UK shops.
My heart goes out to all of the people of Ukraine and our TechCrunch readers there. Construction is the one of the least digitized industries out there. million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 So it was good news to report that Siteline had emerged from stealth with $18.4
To extract fuel buried hundreds of feet below, the coal industry reshaped Kentucky’s landscape, flattening entire mountaintops and using the waste material to fill in creeks and valleys. The how and why of raising OT security capital. ” The how and why of raising OT security capital. Image Credits: Bryce Durbin.
Russia’s invasion of Ukraine, pandemic supply chain issues, and the looming recession are dragging down the euro’s value, but there could be a silver lining for European startups. According to PitchBook, 270 new venture funds raised a total of $16.8 Will a weaker euro lead to greater US investment in European startups? billion in 2021.
Originally founded in Russia, and now HQ’d in San Francisco and Amsterdam, it raised $400 million in January and is now valued at over $17 billion. “We are going to accept applications from everywhere in Europe, including Russia,” she said.
I’m interested in hearing what investors from Intel Capital , GM Ventures and Snow Bull Capital have to say about the industry and what strategic mobility investors are looking for in a startup. Japan’s Terra Drone raised a $70 million Series B led by Mitsui Corporation. Other deals that got my attention….
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