TechCrunch Startup News

Menlo Park-based Hatch Baby has prided itself on introducing “smart” nursery devices — including Grow, a changing pad with a built-in scale and Rest, a device doubling as a sound machine and night light. Now, the company is introducing an updated version of Rest with Rest+ as part of an effort to help further establish Hatch Baby in the family sleep space. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Fifteen months after shutting down, Shyp is getting ready to launch again. The startup tweeted today that “We are back! We’re hard at work to rebuild an unparalleled shipping experience. Before we begin operations again, we’d love to hear your feedback in this quick survey. We look forward to working with you and can’t wait to change the future of shipping!” We are back! We’re hard at work to rebuild an unparalleled shipping experience. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nothing says summer in Silicon Valley better than the TechCrunch Summer Party. In its 14th year, we’re celebrating the startup spirit and culture at the Park Chalet, San Francisco’s coastal beer garden, on July 25. Who doesn’t love ocean views? And nothing says relaxed networking in Silicon Valley more than showcasing your early-stage startup at our summer soiree. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Target Circle andTapHeavenhave announced that they’re merging into a single company under the Target Circle brand. TapHeaven co-founder and CEO Chris Hoyt, who is becoming chief growth officer at the combined organization, said the two companies have been “trying to solve the same problem” — namely, eliminating many of the inefficiencies in the mobile advertising business. Learn more about your ad choices. Visit podcastchoices.com/adchoices

You might not have known about KnowBe4 before, but you should now because this morning, the company announced a massive $300 million investment led by private equity firm KKR. The deal is based on a billion valuation. Existing investors Elephant and TenEleven Ventures also participated in the round. The massive influx of cash comes on top of a $50 million round in March, also led by KKR. They really, really like this company. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Group travel, it’s something you either love or hate, but Stride, which describes itself as a marketplace for “experiential multi-day and multi-destination packaged trips planned by experts,” wants to change this perception. The service, which was co-founded by former Starwood Hotels and Viator executive Gavin Delany, today announced that it has raised a $2.2 million seed round from JetBlue Ventures and NFX. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome is a new app that CEO Matthew Rosenberg said is designed for a more spontaneous approach to traveling. “What we’re going after is these millennials [and] Gen Z travelers who feel comfortable going in the moment,” Rosenberg told me. “Eighty-five percent of people aren’t even looking at activities before they arrive. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Yubo, a French startup that wants to make social networks a bit more… social. Yubo is an app designed for teenagers, and it’s all about meeting people, making new friends and belonging to a community. The app has quietly grown over the past few years and managed to attract 20 million users. There are now close to a million users who open the app every day, and the company says that it is currently growing by 10 percent month-over-month. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 in in Series B investment. The round is led by London VC Atomico, and consists of mix of equity funding and debt financing. Infarm’s existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the round. In addition, TriplePoint Capital has invested, presumably providing a bulk if not all of the debt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Workhorse Group, the electric vehicle company that grabbed headlines last month over a proposed deal to buy General Motors’ Lordstown, Ohio factory, has raised $25 million from a group of unnamed investors. The money will not go toward the factory. Instead, it will be used for the more pressing matter of keeping the company running. Under terms of the deal, investors will receive preferred stock and warrants to buy shares. An annual dividend will be paid out in shares of Workhorse stock. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army of shopping tools and platforms that are giving legacy retail websites and marketplaces a run for their money. Now, one of the faster growing of these is announcing an impressive round of funding to stay on trend and continue building its business. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Unmortgage founder and CEO Rayhan Rafiq-Omar (centre) has departed the companny Unmortgage, the London-based startup that wants to let people buy as little as five percent of a home and rent the rest, has lost its founder and CEO, TechCrunch has learned. According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated as a Director on 4th of May, and has been replaced on the board by Unmortgage co-founder and product lead Josef Wasinski. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Thumbtack, one of the first players in what is now known as the gig economy, has hit the fundraising circuit once again. The online services marketplace that matches customers with nearby professionals is raising up to $120 million in Series H shares, according to a Delaware stock authorization filing uncovered by the Prime Unicorn Index. Thumbtack did not immediately respond to a request for comment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ticketmaster’s dominance has led to ridiculous service fees, scalpers galore, and exclusive contracts that exploit venues and artists. The moronic approval of venue operator and artist management giant Live Nation’s merger with Ticketmaster in 2010 produced an anti-competitive juggernaut. It pressures venues to sign ticketing contracts under veiled threat that artists would otherwise be routed to different concert halls. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Slack wants to be the new operating system for teams, something it has made clear on more than one occasion, including in its recent S-1 filing. To accomplish that goal, it put together an in-house $80 million venture fund in 2015 to invest in third-party developers building on top of its platform. Weeks ahead of its direct listing on The New York Stock Exchange, it continues to put that money to work. Troops is the latest to land additional capital from the enterprise giant. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The big social networks and video games have failed to prioritize user well-being over their own growth. As a result, society is losing the battle against bullying, predators, hate speech, misinformation and scammers. Typically when a whole class of tech companies have a dire problem they can’t cost-effectively solve themselves, a software-as-a-service emerges to fill the gap in web hosting, payment processing, etc. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bernard Moon Contributor Bernard Moon is co-founder and partner at SparkLabs Group, a network of accelerators and venture capital funds. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Great Jones, a startup selling pots, pans and even an oven directly to consumers, is introducing a new way to get help in the kitchen. Potline is a free text message service where anyone can ask for recipe ideas, or get advice when things are going wrong in the middle of the cooking process, or get tips on how to clean up afterwards. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following. That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mary Ann Azevedo Contributor Share on Twitter Mary Ann Azevedo covers startups and tech at Crunchbase News. More posts by this contributor It’s not so obvious that this VC firm is focused on impact With these numbers, it’s no surprise SoftBank is investing in Latin America If you’re a big basketball fan like me, you’ll be glued to the TV watching the Golden State Warriors take on the Toronto Raptors in the NBA finals. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Weights & Biases, a startup building development tools for machine learning, has raised $15 million in its second round of funding. The company was started by CrowdFlower founders Lukas Biewald and Chris van Pelt, along with former Google engineer Shawn Lewis. (Under its new name Figure Eight, CrowdFlower was acquired by Appen for up to $300 million in March. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Logz.io announced a $52 million Series D investment today. The round was led by General Catalyst. Other investors participating in the round included OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47. Today’s investment brings the total raised to nearly $100 million, according to Crunchbase data. Logz. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Firefly, a startup that allows ridehail drivers to make money from advertising, has raised $30 million in Series A funding. The company is about to launch in New York City, where it’s also acquiring the digital operations of advertising company Strong Outdoor. Co-founder and CEO Kaan Gunay said this will allow Firefly to start working with traditional taxis in a big way. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt — and even pay it off early. To do so, the app connects with your student loan servicer and bank, then makes personalized suggestions based on your loans, your income, and your spending. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Soda Says, a curated consumer electronics retail platform, launches in the U.S. Grace Gould has spent her life thinking about the intersection of retail and tech. She started out in Apple Retail, and then moved on to Index Ventures where she worked on early stage investments. She then worked at PCCH International as the VP of Global Retail Strategy, working with companies and hardware makers to develop, manufacture, package and distribute products. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AR startup Meta’s original investors might have been screwed by the company’s collapse and fire sale, but a pair of VC firms are giving the brand another shot with a new corporate entity and CEO that the new backers hope will lead to a less abysmal outcome. Meta Company is now Meta View, “a wholly new and unaffiliated entity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Joanna Glasner Contributor More posts by this contributor Big revenues, huge valuations and major losses: charting the era of the unicorn IPO Some reassuring data for those worried unicorns are wrecking the Bay Area A lot of students attend public universities to lessen the financial burden of higher education. At last tally, tuition and fees at American public colleges and universities averaged around $6,800 a year,perthe federal government. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch's venture capital-focused podcast. More posts by this contributor Equity transcribed: How to avoid an IPO How to avoid an IPO On Wednesday afew unicorns were born. You’ve already forgotten their names if you learned them at all (Tip: It was MarqetaandIvalua.) Don’t worry, I’m not cross with you. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Since Jour, a new app for private and portable journaling, dropped on the App Store two months ago, it’s racked up 80,000 users. No paid marketing or public announcements. Just organic interest in discovering a better way of journaling than pen to paper. “We can reinvent and redesign what we call journaling and the journal,” Jour co-founder and chief executive officer Maxime Germain told TechCrunch. “If we do it right, it will go mainstream. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Modsy has raised some new cash as the computer vision startup looks to get physical and build more of the furniture it recommends. The startup announced that they have closed $37 million in Series C funding led by TCV. They’ve now raised north of $70 million to date. The service combines computer vision tech with human designer know how to let users design the trendy home of their dreams. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The only way to beat laziness is with guilt, and so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and message you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. Future actually got me to the gym where my coach kicked my ass remotely with a 30 minute lifting routine I’d never have stuck to by myself. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2019 is the year Facebook announced a ‘pivot to privacy’. At the same time, Google is trying to claim that privacy means letting it exclusively store and data-mine everything you do online. So what better time to sit down at Disrupt for a chat about what privacy really means with DuckDuckGo founder and CEO Gabriel Weinberg? We’re delighted to announce that Weinberg is joining us at Disrupt SF (October 2-4). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Quadric.io, a startup founded by some of the folks behind the once-secretive bitcoin mining operation “21E6,”has raised $15 million in a Series A round that will fund the development of a supercomputer designed for autonomous systems. The round was led by automotive Tier 1 supplier DENSO and its semiconductor products arm NSITEXE, which will also be one of Quadric.io’s customers for future electronic systems in all levels of autonomous driving solutions. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Auth0, a 2013-founded identity and authentication platform, has pushed into unicorn territory with a $1 billion valuation after raising $103 million in its latest Series E round. The round was led by Sapphire Ventures, with participation from K9 Ventures, Telstra Ventures and several others. In all, Auth0 total funding tops $210 million to date. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Robin Powered, a startup looking to help offices run better, has today announced the close of a $20 million Series B funding. The round was led by Tola Capital, with existing investors Accomplice and FirstMark participating in the round, along with a new strategic Allegion Ventures. Robin started as part of an agency called One Mighty Roar, where Robin Powered cofounder Sam Dunn and his two cofounders built out RFID and beacon tech for clients’ live events. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In an age of online misinformation and clickbait, how do you know whether a publication is trustworthy? Startup Credder is trying to solve this problem with reviews from both journalists and regular readers. These reviews are then aggregated into an overall credibility score (or rather, scores, sincethe journalist and reader ratings are calculated separately). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Shares of Fastly, the service that’s used by websites to ensure that they can load faster, have popped in its first hours of trading on the New York Stock Exchange. The company, which priced its public offering at around $16 — the top of the estimated range for its public offering — have risen more than 50% since their debut on public markets to trade at $25.01. Learn more about your ad choices. Visit podcastchoices.com/adchoices

TodayTix, a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances, is announcing a new $73 million round of funding led by private equity firm Great Hill Partners. The company was founded in 2013, and it served initially as the mobile equivalent of New York’s TKTS booths for discounted, last-minute theater tickets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Freelance marketplace Fiverr has filed to go public on the New York Stock Exchange. The company, which is headquartered in Tel Aviv, is losing money — its net losses grew from $19.3 million in 2017 to $36.1 million in 2018. At the same time, revenue grew by nearly 45 percent, from $52.1 million to $75.5 million. “Our mission is to change how the world works together,” Fiverr says in the filing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI would be useful for tons of everyday tasks for small businesses and other operations — if people just knew how to build and deploy their own machine learning agent. Unfortunately, few do. Edge-based AI startup Xnor.ai aims to let non-experts put state of the art AI to work as easily as they might update their website. Learn more about your ad choices. Visit podcastchoices.com/adchoices

As containers and microservices have proliferated, a new kind of tool called the service mesh has developed to help manage and understand interactions between services. While Kubernetes has emerged as the clear container orchestration tool of choice, there is much less certainty in the service mesh market. Solo.io announced a new open source tool called Service Mesh Hub today, designed to help companies manage multiple service meshes in a single interface. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A day after India’s largest wallet app Paytm entered the credit cards business, local ride-hailing giant is following suit. Ola has inked a deal with state-run SBI bank and Visa to issue as many as 10 million credit cards in next three and a half years, it said today. The move will help Visa and SBI bank acquire more customers in India, where most transactions are still bandied out over cash. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Voi Technology, the “micro-mobility” startup that operates an e-scooter service on the streets of a growing number of European cities, has unveiled a range of new scooters and a first e-bike more suited to rentals. The company is also revealing plans to expand to another 150 cities and towns, having ratcheted up 2 million rides in eight months since launching. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mailchimp, a bootstrapped startup out of Atlanta, Ga., is known best as a popular tool for organizations to manage their customer-facing email activities — a profitable business that its CEO told TechCrunch has now grown to around 11 million active customers with a total audience of 4 billion (yes, 4 billion), and is on track for $700 million in revenue in 2019. (Note: Slack’s previous quarter was around $133 million, and it’s operating at a loss. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dale Stephens Contributor Share on Twitter Dale Stephens was one of the first Thiel Fellows and ran an education company for six years. These days he works an executive coach, helping entrepreneurs and executives grow as fast as their companies. These days, most days are good days. My clients are founder and executives, I set my own schedule, and I live in a city I love. As an executive coach and advisor, I work with founders and CEOs of companies who have raised more than $100M. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Truecaller, an app that helps users screen strangers and robocallers, will soon allow users in India, its largest market, to borrow up to a few hundred dollars in the nation. The crediting option will be the fourth feature the nine-year-old app adds to its service in the last two years. So far it has added to the service the ability to text, record phone calls and mobile payment features, some of which are only available to users in India. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Intello, the New York City-based Saas management platform, announced a $2.5 million extended seed round today, along with some product enhancements. The round was led by Resolute Ventures . Harrison Metal and Magnetico Ventures also participated along with various individual angel investors including Zane Lackey from Signal Sciences, Chris Smoak from Atrium and Zach Sherman from Timber. Today’s investment brings the total raised to $4 million, according the company. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Razor startup Harry’s will be acquired by Edgewell Personal Care for $1.37B Edgewell Personal Care, which owns brands like Schick (razors), Banana Boat (sunscreen) and Wet Ones (moist wipes), is adding Harry’s to that list in a $1.37 billion acquisition. Founded in 2013, Harry’s is part of the current wave of brands using the internet to sell products directly to consumers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Existing approaches to blocking malicious advertising aren’t working — at least according to digital ad veteran Seth Demsey. That should resonate with anyone who’s ever encountered an ad that immediately redirected them to a website filled with annoying gift card offers. And it’s the issue that the startup Demsey co-founded,clean.io, is working to address. Today, the company is unveiling the new clean. Learn more about your ad choices. Visit podcastchoices.com/adchoices