Browsing Category: Startups

  • Southeast Asian lending platform Validus raises $20 million for its Series B+ round

    Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that it has raised $20 million …

    May 12, 2020 | by Raheel
  • 4 edtech CEOs peer into the industry’s future

    When Zach Sims first started pitching his coding startup, Codecademy, he framed it to investors as a corporate tutoring company. That was intentional, despite the fact that edtech is a $5 trillion business. “It was much easier for investors to understand instead of an education company,” he said, noting that the industry has long been …

    May 11, 2020 | by Raheel
  • Banjo’s CEO resigns after report details KKK ties in his past

    After investigative reporting revealed his undisclosed involvement in shooting at a synagogue with KKK members at age 17, the CEO of Banjo will leave the company he founded. In a short blog post, the company announced a “change in leadership” and the resignation of its founder and CEO Damien Patton. The Utah-based company will transition …

    May 11, 2020 | by Raheel
  • Fintech startups amass war chests for the economic downturn

    Consumer fintech startups were massively successful in 2019, attracting millions of new users and disrupting traditional retail banks and financial services with mobile-first, consumer-oriented products. Despite the economic downturn in public markets and the massive wave of cuts at public and private companies in recent weeks, fintech startups have been raising a ton of money. …

    May 11, 2020 | by Raheel
  • MemSQL raises $50M in debt facility for its real-time database platform

    As a number of startups get back into fundraising in earnest, one that is on a growth tear has closed a substantial debt round to hold on to more equity in the company as it inches to being cash-flow positive. MemSQL — the relational, real-time database used by organisations to query and analyse large pools …

    May 11, 2020 | by Raheel
  • Kingsoft Cloud IPO Defies Expectation as Vroom angles for debut

    Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Last Friday something very odd happened: the public debut of Kingsoft Cloud, a company that we’ve covered before. I’m nigh-incredulous about this IPO for the host of issues that we discussed when the company first …

    May 11, 2020 | by Raheel
  • Equity Monday: Kingsoft Cloud, Shiprocket and who wants to make a contrarian investment?

    Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Another weekend at home, another week’s starting from the same spot. How are you holding up? Do you miss your commute yet? Just want to get some breakfast from a kitchen other than your own? I feel you. …

    May 11, 2020 | by Raheel
  • Hunter Walk: Damn the TAM and other seed startup thoughts

    Hunter Walk thinks your TAM slide is stupid. That’s one viewpoint that the seed-stage investor shared with TechCrunch that made us laugh during our recent conversation. Walk joined us for an Extra Crunch Live chat late last week that was a mix of advice and insight about what the seed-stage Homebrew partner looks for in …

    May 11, 2020 | by Raheel