TechCrunch Startup News

This morning Zira raised $3.1 million in a seed round. The startup provides software that helps businesses schedule their hourly workforce in a more intelligent manner. Software often fails to reach non-information workers, so it’s nice to see a startup focus on a somewhat forgotten demographic. General Catalyst and Abstract Ventures led the round, which […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

As we plunge deeper into the pandemic, online transactions have become increasingly important, and ACH transactions, the ones that help us get direct deposit of our paychecks or pay our bills are growing ever more essential. Nivelo, an early stage startup from a former JP Morgan executive wants to take the risk out of ACH […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

After all those years of startups not going public, 2020 is a little bit different. It feels like more companies are filing, and more companies are seeing their debuts through. We’re even seeing direct listings and SPAC-led deals, along with a trove of traditional IPOs. Data backs up how we feel about this year’s IPO […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special-purchase acquisition company (SPAC) deal. The company’s chief executive Carsten Breitfeld told Reuters that the company is working on a reverse merger with a SPAC and “will be able to announce something hopefully quite soon.” Breitfeld, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Sustainable Ocean Alliance and its Ocean Solutions Accelerator take on the problems facing our planet’s waters, and the latest cohort of companies in the latter show a fresh slate of issues to address and resources to utilize. From reef rehabilitation to a “Fitbit for fishing boats,” they’re trying to fix things up in the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment. Let’s talk money, startups and spicy IPO rumors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly. There are some drawbacks, and the main one is that you’ll pay a lot of fees. In […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Braintrust, a network for freelance technical and design talent that launched over the summer, is announcing that it has raised $18 million in new funding. Co-founder and CEO Adam Jackson has written for TechCrunch about how tech companies need to treat independent contractors with more empathy. He told me via email that the San Francisco-based […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Since 2011, European startup studio eFounders has launched 27 companies with a focus on software-as-a-service companies trying to improve the way we work. Some of them have been quite successful, such as Front and Aircall. And the company is working on its next batch of startups. “We're particularly inspired by the new wave of productivity […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

When Vista Equity Partners acquired backup and disaster recovery firm Datto in 2017, it was easy to think that was the end of the company’s story. It would be comfortably absorbed into the private equity portfolio continuing to make money for the firm, but that’s not really the way Vista works. It tends to build […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Multis, a French startup that is building business bank accounts, except that it lets you store, send and receive cryptocurrencies. The startup just raised a $2.2 million seed round. Investors in today’s funding round include White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One and Digital Currency Group. “It’s very complicated to manage […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Memo Bank has unveiled three different plans for its new customers. The company is building a business bank for small and medium companies that generate between €2 million and €50 million in annual turnover. Earlier this year, Memo Bank obtained licenses from the French regulator (ACPR) and the European Central Bank to become […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Shipt shoppers are organizing a handful of actions in protest of Shipt’s new pay structure that began rolling out this month. The first action is happening from Saturday, Oct. 17 through Oct. 19, when workers are calling on their fellow Shipt shoppers to walk out and boycott the company. Organizers are asking for shoppers not […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Exotec has raised a $90 million Series C round led by 83North, with existing investors Iris Capital and Breega also participating. Other existing investors include 360 Capital. The company has been working on semi-automated warehouses for e-commerce clients. The system is based on tiny robots called Skypods. They roam the floor and go […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fintech startup N26 is announcing some changes in the leadership team with two new C-Level hires. First, Adrienne Gormley, pictured above, is joining the company as chief operating officer, replacing Martin Schilling who left the company in March 2020. Second, Diana Styles, pictured below, will become N26’s chief people officer. Gormley has spent the last […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

This morning, Noyo, a startup that provides APIs that link players in the health insurance space, announced that it has closed a $12.5 million Series A round of funding. The new capital comes less than a year after the startup disclosed that it had raised around $4 million in pre-seed and seed capital, and that […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Climate change is on everyone’s minds these days, what with the outer Bay Area on fire, orange skies above San Francisco, and a hurricane season that is bearing down on the East Coast with alacrity (and that’s just the United States in the past two weeks). A major — and growing — source of those […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Whitebox, a startup that manages e-commerce logistics and fulfillment for a variety for brands, has raised $18 million in Series B funding. While discussing the new funding, CEO Marcus Startzel repeated a point he made after Whitebox raised its $5 million Series A last year — that the startup is differentiated by combining tools for […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Book clubs can be magical. Bring together a group of friends, tear apart a book and all of a sudden the words have a second, paperless, life. But what if the author could join in the banter? Imagine riffing with Roxane Gay, debating with Ta-Nehisi Coates and eavesdropping on Jhumpa Lahiri. The experience would resemble […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Airship is announcing that it has acquired mobile commerce startup ReplyBuy. The startup (which was a finalist at TechCrunch’s 1st and Future startup competition in 2016) works with customers like entertainment venues and professional and college sports teams to send messages and sell tickets to fans via SMS. It raised $4 million in funding from […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last week, we talked a bit about how investors are seeking new techniques to bring humanity back to their deal flow and sourcing mechanisms, beyond the boring Zoom call. The newest strategy I’ve seen is PrimeTime VC, a game show that pits venture capitalists against each other to debate on topics like TikTok to Y […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Five years ago, Traefik Labs founder and CEO Emile Vauge was working on a project deploying thousands of microservices and he was lacking a cloud native application proxy that could handle this kind of scale. So like any good developer, he created one himself and Traefik was born. If you go back five years, the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mailchimp may have started out as an easy to use newsletter tool, but that was almost 20 years ago. Today’s company still does email, but at its core, it is now a marketing automation platform for small businesses that also offers a website builder, basic online stores, digital ad support and analytics to make sense […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Electric power only started making sense for land vehicles about ten years ago, but now the technology is ready to make the jump into the water. Pure Watercraft hopes that its electric outboard motor can replace a normal gas one for most boating needs under 50 HP — and it just raised $23.4M to hit […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, as movement restriction orders were implemented. But […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Playco is a new mobile gaming startup created by Game Closure co-founder Michael Carter and Zynga co-founder Justin Waldron, as well as game producers Takeshi Otsuka and Teddy Cross. Although the Tokyo-headquartered company is only announcing its existence today, it’s already a unicorn — it says it’s raised $100 million in Series A funding, at […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The tagline from today’s announcement from the United States Attorney’s office for the Southern District of New York says it all: “Adam Rogas Allegedly Raised $123 Million from Investors Using Financial Statements that Showed Tens of Millions of Dollars of Revenue and Assets that Did Not Exist”. Rogas, the co-founder and former chief executive and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Impact Creative Systems (formerly Imagine Impact) is bringing a startup accelerator-style approach to finding fresh creative talent, and it announced this morning that, with funding from venture capital firm Benchmark, it’s spinning out from Imagine Entertainment — the production company founded by director Ron Howard and producer Brian Grazer. Right after the news broke, the accelerator’s […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

There are many reasons why you could have a good or a bad credit score. But if you’re just entering the job market, you may end up with reliable income and a low limit on your credit card. X1 Card wants to solve that by setting limits based on your current and future income instead […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Building and growing a startup is hard, but pivoting said startup into something new and then achieving that same growth is even harder. But it’s not impossible. Phaedra Ellis-Lamkins, founder and CEO of PromisePay, and Jessica Matthews, founder and CEO of Uncharted Power, both have experiences doing this. At TechCrunch Disrupt, they shed some light […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Jefa, a startup that is building a challenger bank specifically designed for women in Latin America. The company is building a product that focuses on solving the problems that women face when opening a bank account and managing it. It is participating in the Startup Battlefield at TechCrunch Disrupt. “There are 1.4 billion people […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today at TechCrunch Disrupt 2020, leaders from three quantum computing startups joined TechCrunch editor Frederic Lardinois to discuss the future of the technology. IonQ CEO and president Peter Chapman suggested we could be as little as five years away from a desktop quantum computer, but not everyone agreed on that optimistic timeline. “I think within […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Varada, a Tel Aviv-based startup that focuses on making it easier for businesses to query data across services, today announced that it has raised a $12 million Series A round led by Israeli early-stage fund MizMaa Ventures, with participation by Gefen Capital. “If you look at the storage aspect for big data, there’s always innovation, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Swan, a new French startup that wants to let other companies offer financial services by issuing cards, bank accounts and IBANs with just a few lines of codes. The company could be considered as a bank-as-a-service platform, like Treezor or solarisBank. Originally founded by startup studio eFounders, the startup just raised a $5.9M million […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The robotics industry is having a major moment amid the uncertainty of the COVID-19 pandemic. It’s true that category has been an exciting target for investments for a number of years now, but labor issues and concerns over transmission have led many sectors to take a good, long look at automation. Meal preparation is a […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The spreadsheet-centric database and no-code platform Airtable today announced that it has raised a $185 million Series D funding round, putting the company at a $2.585 billion post-money valuation. Thrive Capital led the round, with additional funding by existing investors Benchmark, Coatue, Caffeinated Capital and CRV, as well as new investor D1 Capital. With this, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Toucan has developed a Chrome browser extension designed for anyone who wants to learn a new language but hasn’t found the motivation or the time. Once installed, the extension scans the text of any (English-language) website you’re visiting and will automatically translate some of the words into the language that you’re trying to learn. If […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Primary care health tech startup Carbon Health has added a new element to its “omnichannel” healthcare approach with the launch of a new pop-up clinic model that is already live in San Francisco, LA, Seattle, Brooklyn and Manhattan, with Detroit to follow soon – and that will be rolling out over the next weeks and […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Diffblue, a spin-out from Oxford University, uses machine learning to help developers automatically create unit tests for their Java code. Since few developers enjoy writing unit tests to ensure that their code works as expected, increased automation doesn’t just help developers focus on writing the code that actually makes a difference but also lead to […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Sprinklr has been busy the last few years acquiring a dozen companies, then rewriting their code base and incorporating them into the company’s customer experience platform. Today, the late-stage startup went back to the fund raising well for the first time in three years, and it was a doozy, raising $200 million on a $2.7 […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bay Area-based Iron Ox today announced a $20 million Series B. The funding, led by Pathbreaker Venture and family office firms, brings the robotics company’s total funding up to $45 million to date. A number of other investors also took part in the round, including Crosslink Capital, Amplify Partners, ENIAC Ventures, R7 Partners, Tuesday Ventures, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

When we last reported on Snyk in January, eons ago in COVID time, the company announced $150 million investment on a valuation of over $1 billion. Today, barely nine months later, it announced another $200 million and its valuation has expanded to $2.6 billion. The company is obviously drawing some serious investor attention and even […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

On the heels of new filings from both Sumo Logic and JFrog, Snowflake, a venture-backed unicorn looking to go public on the strength of its data-focused cloud service, set an initial price range for its IPO. The $75 to $85 per-share IPO price target values the firm at between $20.9 billion and $23.7 billion, huge […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fintech startup Revolut is expanding to Japan. After testing the service with 10,000 users, anybody can now sign up and open an account. The company originally obtained its authorization to operate from Japan’s Finance Service Agency in 2018. When you open an account, you get an electronic wallet and a Visa debit card. You can […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Back in 2006, Joseph Heller went to China where he spent the next decade learning about the manufacturing business. Based on that experience he eventually built a startup called The Studio. The idea was to help connect people with a small business idea to manufacturers in China in a fully digital way. By 2016 he […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Lokalise, a Latvian startup that focuses on translation and localization of apps, websites, games and more. The company provides a software-as-a-service product that helps you improve your workflow and processes when you need to update text in different languages in your product. The company just raised a $6 million funding round led by Mike […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Disrupt 2020 is all about helping startups find and create ways to drive their business forward in these most challenging times. We partnered with cela to give exhibitors in Digital Startup Alley one sweet opportunity — networking with 13 accelerators. If you’re exhibiting — or plan to — don’t miss out on your chance to […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episerver is announcing that it has reached an agreement to acquire Optimizely for an undisclosed sum. Optimizely was founded in 2009 by Dan Siroker and Pete Koomen. It became synonymous with A/B testing, subsequently building a broader suite of tools for marketers to experiment with and personalize their websites and apps, with more than 1,000 […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’re just about a month away from launching TC Sessions: Mobility 2020, but you have only 48 hours left to save yourself $100 on the price of admission. Join the global mobility community on October 6-8 at the lowest possible price. Snag your pass before the early bird expires on September 4 at 11:59 p.m. […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Legion, an artificial intelligence driven platform for workplace management, has raised a $22 million series B round led by Stripes with participation from Workday Ventures and others. Legion is designed to help employers better manage their hourly workforces by automating certain decisions, like how much labor to deploy to meet the needs of the company […] Learn more about your ad choices. Visit podcastchoices.com/adchoices