When it comes to startup investment, carmakers are all over the road. Over the past two years, we’ve seen a massive spike in venture funding by major auto manufacturers. Deal counts are up, more automakers are investing and more big rounds are getting done. However, an analysis of Crunchbase funding data for the 20 largest global
Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. Why? First, as we all know, it’s easier than ever to build a startup. An MVP can hit the app stores in a few days and the need to raise millions for servers and software is over.
There’s a new CEO at TodayTix, though he’s definitely not new to the company — Chairman Brian Fenty is becoming chief executive, while his co-founder (and the previous CEO) Merritt Baer is becoming the Head of Europe. TodayTix sells theater tickets in cities across the United States (including New York, Chicago and San Francisco), but
London and Antwerp-based Hummingbird Ventures, which counts Deliveroo and Showpad in its portfolio, has closed a new $95 million fund to invest in tech startups at the “late Seed and Series A” stage. Targeting Europe and also further afield, having invested in more nascent ecosystems such as Turkey, Brazil and the continent of Africa, the
Zenefits co-founder Parker Conrad was shown the door in February last year, paving the way for then-COO David Sacks to take over the company and try to turn it around. After about a year of working on that, Sacks stepped back and brought in Jay Fulcher as its new CEO, the former CEO of Ooyala
Pointy, an Irish start startup that lets local retailers put their stock online so that they can be discovered via search engines, has raised $6 million in Series A funding. The round is being led by Frontline Ventures, alongside Paul Allen’s Vulcan Capital, Draper Associates and a number of notable angel investors. The latter includes
On the heels of its $70 million Series C, an expansion to new markets, and a partnership with Blink Fitness, the popular workout subscription service ClassPass is now beginning to experiment with variable pricing. The test was revealed by new ClassPass CEO Fritz Lanman, speaking on stage at TechCrunch Disrupt SF this afternoon. The idea
At the very beginning, there were 22 startups. After three days of incredibly fierce competition, we now have a winner. Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for
It’s been the talk of the summer in Silicon Valley. CEOs at Uber and SoFi lost their jobs after whistleblowers came forward, alleging sexism and harassment. Powerful venture capitalists, including Dave McClure from 500 Startups lost their jobs after women, including Sarah Kunst, accused him of making inappropriate advances when seeking a job at his
HubSpot announced this morning that it has acquired chatbot startup Motion AI. Motion AI launched in 2015 and offers an editor for building chatbots that work on websites, Facebook Messenger, SMS and Slack, no coding required. Even before the acquisition, the tool was already integrated into HubSpot Free CRM. The entire Motion AI team, including
As content recommendation company Revcontent plans to unveil new tools for online publishers, it’s also working with former AOL Platforms CTO Seth Demsey to develop its broader strategy. Demsey left his role running adtech at AOL (which owns TechCrunch) over the summer, right before AOL-owner Verizon closed its acquisition of Yahoo. He told me that
Ripio Credit (formerly BitPagos), the project that reached the finals at last year’s TechCrunch Disrupt Battlefield in New York, is about to launch its new venture. The Ripio Credit Network (RCN) will be public in November and is designed to grow the product and platform outside Latin America, into the fast-emerging developing world. Born in
We’ve just watched 22 startups take the stage as part of TechCrunch’s Startup Battlefield at Disrupt SF, where they showed off their technology and answered tough questions from expert judges. We’ve winnowed them down to the following six finalists, who will be presenting for a whole new panel of judges. At the end of the
At last year’s Disrupt SF, SeaDrone made it to the Battlefield finals with its simple, robust, and affordable underwater drone. With a few customers and a year of feedback under their belts, the engineers behind the robo-sub are putting out a version 2.0 with a few improvements. The company’s pitch is basically an alternative to
Victor, which bills itself as the “largest ‘on-demand’ marketplace for private jet charter,” has raised $20 million in new funding, bringing total raised to date to $44.45 million since launching in 2011. BP Ventures, BP’s investment arm, led the round, putting in $10 million, whilst the London headquartered startup says it plans to use the
Blin.gy, the app that let users insert themselves into their favorite music videos, is shutting down. In a Medium post, co-founder and chief executive officer David Hyman wrote that the startup, which launched as Chosen three years ago and raised at least $10 million, decided to close up shop after a potential acquisition fell through.
Without even counting massive potential sea changes like artificial intelligence or “flying cars,” as DST founder Yuri Milner says, the consumer internet is still on track to grow in value by another 10 times in the next 20 years — just like it did in the past 10 years. That’s Milner’s “conservative” prediction that doesn’t
SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD
It’s been a long night at Pier 48 in San Francisco. The building hosted a very special competition — the Disrupt SF Hackathon. Hundreds of engineers and designers got together to come up with something cool, something neat, something awesome. The only condition was that they only had 24 hours to work on their projects.
FutureFuel.io, the company offering student loan payment management services as an employee benefit, is adding new features to make it easier for companies to manage the loan repayment process. The company is offering real time account linking and updates on loan repayments through the fintech company Quovo. And through a partnership with Credible, will provide information
Anderson Thees Contributor Anderson Thees is managing director of Redpoint eventures, the Brazilian-focused arm of Redpoint. More posts by this contributor: What a difference one year makes. Since showing noteworthy signs of a maturing tech ecosystem last summer, corporate venture in Latin America has begun to crescendo in just 12 months, led by Brazil. According to
Tyler Perry is partner and general manager at Bateman Group, a PR and social media communications firm with offices in New York and San Francisco. More posts by this contributor: Oh, Bodega. The newly launched startup’s insensitivity hit some pretty tender nerves during a time when cultural and societal tensions are high. The first article
As artificial intelligence creeps deeper into each and every industry vertical, demand for experienced technical talent only continues to increase. Now online education tools like Udacity and Coursera are being thrust into the spotlight as potential solutions to the problem. But even as course enrollment in AI classes balloons, Fortune 2000 companies are still paying
Entrepreneur First (EF), the company builder and “talent first” investor, has just held Demo Day for its eighth London cohort, seeing 14 newly-formed startups pitch their wares onstage to investors, press and other actors in the European tech scene. What’s particularly interesting about EF is that it backs individuals “pre-team, pre-idea” — meaning that, as
Credit Karma said it will add Equifax to its credit monitoring service as part of its free product, which proactively notifies members of significant changes to their credit report. It includes a whole suite of notifications for significant changes in credit queries, such as opening new accounts, a change in the status of an account,
We stopped by HAX’s demo day at the San Francisco Mint to check out all the hardware startups in the accelerator’s 10th batch. Many of the startups showcased creative combinations of hardware and software, particularly machine learning, to improve upon legacy services and outdated business models. HAX is known for its expertise in prototyping and
Healthy, well-aligned teeth shouldn’t just be for the wealthy. Candid, a direct-to-consumer teeth alignment company, aims to make straight teeth more accessible and more affordable than braces and Invisalign. Candid, which 3D prints its FDA-approved aligners, is designed for people who need mild to moderate orthodontic work. It costs $1,900 upfront or $88 per month
SparkLabs Group, which claims to be the largest startup accelerator group in Asia, is stepping into agricultural tech with a new program created in partnership with the New South Wales Department of Primary Industries. Called SparkLabs Cultiv8 and based in Orange, Australia, the accelerator will start in the second quarter of 2018. Each intake will
DoorDash is announcing the acquisition of Rickshaw, a Y Combinator-incubated startup that helps businesses offer same-day delivery by connecting them to a courier network and managing the logistics. DoorDash has been developing a similar platform called Drive, which allows customers to use DoorDash’s network to make deliveries beyond DoorDash’s consumer website and app. Meanwhile, Rickshaw
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. But the weed delivery startup has come under scrutiny recently for burning through at least $1 million in cash per month.
A couple of years after participating in TechCrunch’s Startup Battlefield, YayPay is raising $5.3 million from QED Investors, Birchmere, Fifth Third Capital, as well as 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars and Zelkova. YayPay is trying to optimize the workflows in your company’s finance department. In particular, too many mid-sized companies waste a ton
If you’re in a big city like New York City, you’re probably used to walking around the block away from where you live to the corner shop and picking up a jug of milk or some dishwashing detergent. But Paul McDonald (who says he has not lived in New York), who was at Google for
Slack today announced a slew of new updates, and also said that the company now has more than 6 million daily active users and has crossed $200 million in annual recurring revenue. Silicon Valley’s favorite enterprise chat app, still seems to be growing quite a bit and continues to roll out the drip-drip-drip of products
I’ve always wanted to create my own animations. One idea is simple. My characters would be born, live, fall in love, and die in real time in a 80 year long masterpiece of constant animation. It would be a commentary on the death of the soul and the deep longing of men and women to
How’s this for a prediction: “Camera media will be bigger than TV.” That’s according to Camera IQ CEO Allison Wood. By “camera media” she means filters, lenses and other augmented reality effects — Wood told me she’s been studying AR and camera effects for years, including a stint as an assistant professor at the Pratt
Darkstore, the on-demand fulfillment startup, recently partnered with T-Force Final Mile to expand to 33 additional markets across the nation. This brings Darkstore’s total list of markets to 40, which includes San Francisco, Los Angeles, Portland, Miami, Atlanta, Boston, Reno and Austin. T-Force Final Mile is a last-mile delivery company that delivers items for IKEA,
Well, this is quite a coup. Entrepreneur First (EF), the London-headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners. The investment also sees Greylock partner and co-founder of LinkedIn Reid Hoffman join the board. In a
French fintech startup Bankin is partnering with another fintech startup, Yomoni. Bankin brings all you your bank accounts together in a single, unified interface. It’s a sort of Mint, but for the French market. Bankin also competes with another app that I covered just a couple of days ago, Linxo. Both of them want to
Dara Khosrowshahi, the recently named CEO of Uber, is leaving the New York Times Company’s board of directors. According to a government filing, Khosrowshahi notified the NYT board on Thursday that he would be resigning from the role because of his new responsibilities at Uber. The former Expedia CEO had been on the board since 2015.
Tech writers are invited to a lot of demo days, as you might imagine. Sometimes, these presentations are very long, with many startup teams taking the stage to pitch to investors and the media. Sometimes, they’re shorter, featuring a more concentrated group of founders. But always, the pitches are concise. In fact, most incubators or