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During the waning days of the first dot-com boom, some of the biggest names in venture capital invested in marketplaces and directories whose sole function was to consolidate information and foster transparency in industries that had remained opaque for decades. The thesis was that thousands of small businesses were making specialized products consumed by larger …
May 7, 2020 | by RaheelDeskless workers make up 80% of the global workforce, but to Desmond Lim, that job title is his entire world. Lim grew up in Singapore and saw his father wake up every morning, six days a week, at 5 a.m. to start his job as a driver. Lim and his mom, who worked as a …
May 7, 2020 | by RaheelFounders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set …
May 7, 2020 | by RaheelTarget, which already owns on-demand delivery service Shipt, is in the process of acquiring technology assets from same-day delivery service Deliv. The retailer is characterizing the deal as more of an R&D type of acquisition and not one that will have an immediate consumer-facing impact. Deal terms were not disclosed, but we understand the deal …
May 7, 2020 | by RaheelTodd Chaffee has long been one of the most senior members of the late-stage venture firm Institutional Venture Partners. Chaffee joined IVP in 2000 after logging six years at Visa, and went on to lead rounds in numerous prominent later-stage companies, many (but not all) of which have gone public, including Coinbase, Compass, Klarna, Kayak, …
May 7, 2020 | by RaheelLocatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the …
May 7, 2020 | by RaheelZoom acquires some encryption expertise, Uber makes a big investment in scooters and we review the new 13-inch Macbook Pro. Here’s your Daily Crunch for May 7, 2020. 1. Zoom acquires Keybase to get end-to-end encryption expertise Keybase, whose encryption products include secure file sharing and collaboration tools, should give Zoom some security credibility as …
May 7, 2020 | by RaheelStilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also launched FDIC-insured pre-approved global bank accounts today. The startup has raised equity from investors including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel …
May 7, 2020 | by RaheelCuckoo Internet is a new U.K. startup that aims to disrupt the U.K. broadband market. It has now raised £470,000 in seed funding, which includes funding from work.fund, a new Silicon Valley fund operator fund led by Bart Macdonald (Sapling founder). Other investors include Lorin van Nuland (early investor in Betterment), Edward Campbell-Harris (Bulb early …
May 7, 2020 | by RaheelIn the space of several weeks, COVID-19 has transformed countless industries and will continue to do so in ways we can only imagine. The pandemic has also spurred many to find new ways to work and keep society moving amid physical distancing, stay-at-home orders and mass hospitalizations. For years, robotics and automation have been a …
May 7, 2020 | by Raheel