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Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning brought fresh economic bad news for the U.S. economy, with over 700,000 jobs lost in the latest report, despite the window of time measured not including some of March’s worst days, and the …
April 3, 2020 | by RaheelNeil Sequeira was a managing director with General Catalyst for more than 13 years before co-founding early-stage firm Defy several years ago with another veteran of the industry, Trae Vassallo, who’d spent the dozen years prior with Kleiner Perkins. We caught up with Sequeira yesterday afternoon and discussed whether he’s seeing valuations come down and …
April 3, 2020 | by RaheelForward Partners, the early-stage venture fund and startup studio, has long offered something a little different to the U.K’s tech startup ecosystem, and today the VC is continuing that trend with the launch of “Forward Advances,” a revenue-based finance solution for startups that need to bolster marketing. Aimed at “fast-growing” e-commerce, marketplace and B2C SaaS …
April 3, 2020 | by RaheelLunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but since acquired a full banking license last year, has extended it Series B round with an additional €20 million in funding. It brings the Series B total to €46 million, having disclosed €26 million in August last year. …
April 3, 2020 | by RaheelFlagship Pioneering, the Boston-based biotech incubator and holding company, said it has raised $1.1 billion for its Flagship Labs unit. Flagship, which raised $1 billion back in 2019 for growth-stage investment vehicles, develops and operates startups that leverage biotechnology innovation to provide goods and services that improve human health and promote sustainable industries. “We’re honored …
April 2, 2020 | by RaheelComputer vision techniques used for commercial purposes are turning out to be valuable tools for monitoring people’s behavior during the present pandemic. Zensors, a startup that uses machine learning to track things like restaurant occupancy, lines and so on, is making its platform available for free to airports and other places desperate to take systematic …
April 2, 2020 | by RaheelBluetooth location beacon startup Estimote has adapted its technological expertise to develop a new product designed specifically for curbing the spread of COVID-19. The company created a new range of wearable devices that co-founder Steve Cheney believes can enhance workplace safety for those who have to be co-located at a physical workplace even while social …
April 2, 2020 | by RaheelWhat do you do if you’re an event discovery startup and suddenly it’s illegal to attend events? You lean into the cultural shift and pivot. Today, $11 million-funded calendar app IRL is morphing from In Real Life to In Remote Life. It will now focus on helping people find, RSVP for, plan, share and chat …
April 2, 2020 | by RaheelAs the largest federal stimulus package in the history of the United States, the Coronavirus Aid, Relief and Economic Security Act, injects a planned $2.2 trillion into the U.S. economy, fintech startups are angling to get a seat at the table when it comes to distributing the cash. “In the last crisis, banks stepped away …
April 2, 2020 | by RaheelThe global coronavirus pandemic has already caused a tremendous strain on healthcare resources around the world, and it’s leading to a shift in how healthcare is offered. Startup Forward, which debuted in 2016 and has since expanded its tech-focused primary care medical practice to locations in major cities across the U.S., is launching a new …
April 2, 2020 | by Raheel