Dallas Venture Capital announces close of $80 million fund for SaaS startups

ETtechBengaluru: Dallas Venture Capital (DVC) has raised $80 million for its early-stage Software-as-a-Service (SaaS)-focussed second fund in the United States.With this, it has crossed its target corpus of $75 million.DVC is also currently raising a separate fund in India, DVC ...

As the head of Helios’ new VC arm, Wale Ayeni sees value in frontier markets

Wale Ayeni, one of Africa’s well-known investors, has a new role as the head of Helios Digital Ventures, the venture capital strategy of private equity firm Helios Investment Partners, TechCrunch has learned. This appointment comes a month after Ayeni ...

With the pandemic leaving many searching, group support app Circles raises new round

Between one-to-one therapy and free online forums, people search for a range of solutions to mental health therapy online. Especially since the pandemic increased anxiety and depression rose by 25% globally (according to WHO) and also deepened an epidemic ...

A short history of cross-border commerce & how to navigate it

Cross-border commerce has created a new digital age of endless possibility. Brands and companies can expand into untapped markets, as well as grow their visibility with potential new consumers who aren’t dependent on localised commerce.

Former Binance executives launch $100M crypto fund

A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday. Old Fashion Research (OFR) – whose name is derived from the classic ...

Revenue-based financing platform Bloom secures $376M Series A led by Credo and Fortress

European revenue-based financing is experiencing as much of a boom as it is in the US, with the likes of Pipe reaching a multi-billion valuation. UK-based startup platform Bloom has now secured a £300m / $376m financing round led ...

Winter is here, we must focus on profitability at all costs, Unacademy CEO Gaurav Munjal tells employees

Unacademy CEO Gaurav Munjal. SoftBank-backed edtech unicorn Unacademy founder and chief executive officer Gaurav Munjal has told employees to learn to work under constraints, saying the funding winter is here. “We must adapt. This is a test for all of ...

Unacademy CEO Gaurav Munjal says funding winter can last up to 18 months

ETtechNew Delhi: As edtech platforms start bleeding in India, Unacademy, which recently laid off over 600 employees, has predicted a funding winter that can last as long as 18 months, saying it will cut costs wherever required to weather the ...

Embattled payments startup Bolt is cutting one-third of staff

ETtech Bolt CEO Maju Kuruvilla Payments startup Bolt Financial Inc. is eliminating about 250 employees, according to a person familiar with the company. That number is equivalent to about one-third of Bolt’s workforce, the person said.In a message to staff ...

Lido Learning's 1200 workers cut loose abruptly over video call yet to receive January salary

Lido Learning, which counts Vijay Shekhar Sharma, Anupam Mittal, and Ronnie Screwvala among others as backers, is yet to pay salaries for the month of January to more than 1,200 employees who were asked to resign abruptly in the ...

Music NFT marketplace FanTiger bags $5.5 million from Multicoin Capital, Krafton, others

FanTiger, a music non-fungible token (NFT) marketplace, on May 25 announced that it has raised $5.5 million in seed funding led by Multicoin Capital, an investment firm focused on cryptocurrency and blockchain companies. The round also saw participation from ...

Former Policybazaar backer Inventus launches $120-million fund, rebrands itself as Athera

Representative image Early-stage venture capital (VC) firm Inventus Advisory Services, one of Policybazaar’s first backers, which got a blockbuster exit when the fintech unicorn got listed on the exchanges last year, has launched its fourth fund with a corpus ...

Edtech startup Infinity Learn picks up 75% stake in WizKlub

iStock Infinity Futurz’ content will be available both online as well as offline and the company will approach schools to provide their students training around cognitive learning, Bopanna added. Bengaluru: Edtech startup Infinity Learn has invested $7.5 million to pick ...

Despite layoffs, some edtech firms still on growth chapter

Bengaluru: Edtech companies may have borne the brunt of the recent rounds of firings by startups, with close to 2,000 layoffs across Unacademy, Vedantu and Lido Learning, but several of them including UpGrad, Eruditus, Brightchamps, Filo, Hero Vired and Scaler ...

Indigov helps connect besieged lawmakers and their oft-frustrated constituents

Republican lawmakers are facing growing anger over the deadliest mass shooting at an American school in nearly a decade yesterday, with many of their constituents expressing frustration over their repeated votes against even modest gun control reforms in the ...

Unacademy tells employees to focus on profitability at all costs to ‘survive the winter’

Unacademy, one of the high-profile Indian startups, has urged its employees to learn how to work under constraint and focus on reaching profitability as the SoftBank and Tiger Global-backed online learning platform predicts a dry funding spell across the ...

Twitter stock jumps on news that Elon Musk still wants to buy it … maybe

Shares of Twitter are sharply higher in after-hours trading in the wake of a new U.S. Securities and Exchange Commission (SEC) filing detailing changes to how Elon Musk is approaching buying the company. In short, Musk initially indicated that ...

Twitter agrees to pay $150M for breaking privacy promises

Twitter has agreed to pay $150 million as part of a settlement with regulators over allegations that the social media company misrepresented the “security and privacy” of user data over several years. The FTC and Department of Justice said ...

Not trademarking can be an Excruciatingly Expensive® and Wildly Annoying® mistake

I was recently talking to a startup that was airing its frustration over Apple’s Tracker Detect app that enables Android users to find nearby, unknown AirTags. The problem? The company, TrackerDetect had been spending two years building up its SEO ...

Dear Sophie: Does International Entrepreneur Parole have any advantages over an O-1 visa?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the ...

Fintech Bolt just laid off over 100 employees across engineering, sales, and marketing

One-click checkout startup Bolt has laid off at least 100 employees, and counting, across go-to-market, sales and recruiting roles, sources say. CEO Maju Kuruvilla confirmed the workforce reduction in a blog post, but did not say how many people ...

NASA awards $2 million to moonshot solar sail project

The concept of solar sails is not particularly new — just check out the Planetary Society’s LightSail 2, French startup Gama or NASA’s Advanced Composite Solar Sail System. But one group of researchers is pushing the technology to new heights. ...

Box positive momentum continues with revenue up 18% and improved guidance

Hey, it wasn’t that long ago that Box was lost in single-digit growth doldrums being dogged by activist investors. But today, the company announced its earnings, and revenue was up 18% over the prior year to $238.4 million, easily ...

Apple issues friendly reminder that it’s employees’ right not to unionize

As a handful of Apple retail locations begin the process of unionizing, the trillion-dollar company’s vice president of people and retail Deirdre O’Brien delivered a warning to 58,000 retail staff in a video that was leaked to The Verge. ...

SEC weighs crackdown on phony environmental and social-justice funds

Environmental and social justice-focused funds are booming—so much so that the Securities and Exchange Commission is mulling new regulations to clamp down on funds that fail to back up certain altruistic claims. On Wednesday, the SEC proposed broadening the ...

Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion

Nine days ago, Terraform Labs founder Do Kwon shared a plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month, bringing down the crypto markets with them. Today, Terra’s plan has passed ...

Google Photos starts rolling out new Real Tone filters

Google Photos is beginning to introduce new Real Tone filters this week, Google announced. The new filters are rolling out on Android, iOS and the web and can be accessed in the ‘Filters’ tab in Google Photos’ image editor. ...

Jack Dorsey steps down from Twitter’s board

Former Twitter CEO Jack Dorsey’s time at the company has come to an end. Dorsey stepped down from Twitter’s board of directors Wednesday, a change that’s effective as of the company’s shareholders meeting. Dorsey had already begun to distance ...

This remote-controlled robot crab can sit on the side of a penny

How small is Northwestern University’s robot crab? It’s sit-on-the-side-of-a-penny small. It’s half a millimeter wide — making it even smaller than a common flea. Researchers behind it have determined a fairly simple way to control it remotely — when heat ...

Maryland becomes the second state to offer driver’s license and state ID in Apple Wallet

Maryland residents will now be able to store their driver’s license or state ID in the Apple Wallet app, Apple announced today. The state is now the second in the U.S. to support the new feature, following the launch ...

Synthesis Capital closed its first fund with $300M, giving boost to foodtech’s future

Synthesis Capital, the one-year-old London-based food technology and alternative protein investor, closed its first fund with over $300 million in capital commitments. The firm is led by former CPT Capital investors Costa Yiannoulis and Rosie Wardle, who have invested ...

Can recurring revenue financing drive growth in a turbulent market?

Harry Hurst Contributor Share on Twitter Harry Hurst is the co-founder and co-CEO of Pipe. As the saying goes, “Everyone is selling something.” Sometimes, we forget that when it comes to fundraising. The trick is to sell something investors really ...

Despite regulatory hurdles, these 4 US cannabis investors are planting seeds for tomorrow

Bearish markets and high interest rates often cause private investors to turn away from anything resembling a risky investment. Yet, now is a very apt time to take another look at the cannabis opportunity in the U.S. Quite a ...

4 investors discuss the US cannabis market’s prospects in Q3 2022

Cannabis is still a long way from being legal at the federal level in the United States, but startups in the space — and their investors — aren’t deterred. Indeed, many are braving a tough journey because they see ...

Delivery app Getir axing 14% of employees, NYC workers outraged

“Nobody knows what the hell is going on,” a Getir employee told The Post. Bloomberg via Getty Images Rapid delivery app Getir said Wednesday that it plans to cut 14% of its global workforce — but gave employees no ...

Amazon flexes its retail muscle with a brick-and-mortar clothing store

Signaling its ambitions to make a dent in the apparel market, Amazon today opened its first physical clothing store, Amazon Style, in the Greater Los Angeles Area. Offering a twist on the traditional experience, visitors to the Glendale, California shop ...

The NFL is looking to launch its own streaming service this summer, says report

The National Football League is expected to launch its own streaming service, NFL+, as early as July, according to a report from the NFL owner meeting in Atlanta by Sports Business Journal (SBJ). The platform will reportedly cost around ...

Chemonics, Decisive Capital and Extreme Tech Challenge will talk transformative tech at TC Sessions: Climate

A lot of very smart people are dedicating their time, energy and a ton of money developing breakthrough technologies in the hope of building a radically different (read: sustainable) world. It’s a critical effort considering the existential threat of ...

Money, meet mouth

Be greedy when others are fearful, and fearful when others are greedy. Consensus is expensive. There are cliches aplenty when it comes to making money, and many investing koans deal with doing the opposite of what the masses are up ...

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it’s a startup that was in the news this January: ...

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