83North closes $300M fifth fund focused on Europe, Israel

October 07, 2019 at 12:21PM 83North has closed its fifth fund, completing an oversubscribed $300 million raise and bringing its total capital under management to $1.1BN+. The VC firm, which spun out from Silicon Valley giant Greylock Partners in 2015 — and invests in startups in Europe and Israel, out of offices in London andContinue reading “83North closes $300M fifth fund focused on Europe, Israel”

Rhino looks to replace renters’ security deposits with a small monthly fee

October 01, 2019 at 11:00AM Rhino, the insurtech startup incubated by Kairos and co-founded by Kairos CEO Ankur Jain, has today announced the close of a $21 million Series A round led by Kairos and Lakestar. Rhino was founded in 2017 with the goal of putting the billions of dollars that are locked up inContinue reading “Rhino looks to replace renters’ security deposits with a small monthly fee”

India’s Darwinbox raises $15M to bring its HR tech platform to more Asian markets

September 26, 2019 at 01:30AM An Indian SaaS startup, which is increasingly courting clients from outside of the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox, which operates a cloud-based human resource management platform, said on Thursday it has raised $15 million in a new financing round. The SeriesContinue reading “India’s Darwinbox raises $15M to bring its HR tech platform to more Asian markets”

ClimateTech is the new hot space for investors in a warming planet

September 24, 2019 at 12:54PM How do you attract the attention of a prince? Aside from being Meghan Markle, of course. One answer came recently in the form of Prince Harry’s backing of a new initiative designed to make offsetting the carbon from your airline flights a properly mainstream idea. For Harry, the initiative hadContinue reading “ClimateTech is the new hot space for investors in a warming planet”

Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments

September 24, 2019 at 12:00PM Credit cards have become all but ubiquitous for consumer transactions, and it isn’t hard to see why. By intermediating payments, networks like Visa allow buyers and sellers to exchange money for goods and services without knowing the financial risk profile of the counter-party. Rather than applying for credit at everyContinue reading “Fundbox raises $176 million Series C to build ‘Visa’ for B2B payments”

Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses

September 03, 2019 at 01:15PM Data is the new oil, as the saying goes, and today Kabbage — a fintech startup backed by SoftBank that has built a business around lending up to $250,000 to small and medium enterprises, using AI-based algorithms to help determine the terms of the loan — is picking up anContinue reading “Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses”

Revolut tweaks business accounts with new pricing structure

July 24, 2019 at 06:39PM Fintech startup Revolut announced changes to its business accounts this week. The good news is that if you were thinking about trying Revolut for your business needs, it’s now cheaper to get started. But there are some limits. While Revolut is better known for its regular consumer accounts that letContinue reading “Revolut tweaks business accounts with new pricing structure”

CircleCI closes $56M Series D investment as market for continuous delivery expands

July 23, 2019 at 03:19PM CircleCI launched way back in 2011 when the notion of continuous delivery was just a twinkle in most developer’s eyes, but over the years with the rise of agile, containerization and DevOps, we’ve seen the idea of continuous integration and continuous delivery (CI/CD) really begin to mainstream with developers. Today,Continue reading “CircleCI closes $56M Series D investment as market for continuous delivery expands”

AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors

July 17, 2019 at 11:10AM Google and its flagship search portal opened the door to the possibilities of how to build a business empire on the back of organising and navigating the world’s information, as found on the internet. Now, a startup that’s built a search engine tailored to the needs of enterprises and theirContinue reading “AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors”

Time: Facebook’s Digital Currency Plan to Face Questions by Congress

July 16, 2019 at 02:28PM (WASHINGTON) — Facebook’s ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of hearings Tuesday on the currency plannedContinue reading “Time: Facebook’s Digital Currency Plan to Face Questions by Congress”

Visa funds $40M for no-password crypto vault Anchorage

July 10, 2019 at 01:00PM Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses bothContinue reading “Visa funds $40M for no-password crypto vault Anchorage”

Grasshopper’s Judith Erwin leaps into innovation banking

July 08, 2019 at 05:01PM In the years following the financial crisis, de novo bank activity in the US slowed to a trickle. But as memories fade, the economy expands and the potential of tech-powered financial services marches forward, entrepreneurs have once again been asking the question, “Should I start a bank?” And by bank,Continue reading “Grasshopper’s Judith Erwin leaps into innovation banking”

Daily Crunch: Slack makes its Wall Street debut

June 20, 2019 at 05:42PM The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Slack prices IPO at $26 per share Slack is debuting on the New York Stock ExchangeContinue reading “Daily Crunch: Slack makes its Wall Street debut”

Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

June 11, 2019 at 03:00PM Andreessen Horowitz ❤ Latin American startups. Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital, and it just made another commitment, doubling down on its early-stage support for the point-of-sale lending startup ADDI. ADDI picked up $12.5 million in new financingContinue reading “Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz”

‘Weirdo’ Fintech VC Anthemis marches to its own drummer

May 30, 2019 at 05:05PM Entering into the world of Anthemis is a bit like stepping into the frame of a Wes Anderson film. Eclectic, offbeat people situated in colorful interiors? Check. A muse in the form of a renowned British-Venezuelan economist? Check. A design-forward media platform to provoke deep thought? Check. An annual summerContinue reading “‘Weirdo’ Fintech VC Anthemis marches to its own drummer”

Fintech and clean tech? An odd couple or a perfect marriage?

May 30, 2019 at 05:04PM The Valley’s rocky history with clean tech investing has been well-documented. Startups focused on non-emitting generation resources were once lauded as the next big cash cow, but the sector’s hype quickly got away from reality. Complex underlying science, severe capital intensity, slow-moving customers, and high-cost business models outside the comfortContinue reading “Fintech and clean tech? An odd couple or a perfect marriage?”

Fintech and clean tech? An odd couple or a perfect marriage?

May 30, 2019 at 05:04PM The Valley’s rocky history with clean tech investing has been well-documented. Startups focused on non-emitting generation resources were once lauded as the next big cash cow, but the sector’s hype quickly got away from reality. Complex underlying science, severe capital intensity, slow-moving customers, and high-cost business models outside the comfortContinue reading “Fintech and clean tech? An odd couple or a perfect marriage?”

Wagestream closes $51M Series A to plug the payday gap without putting workers in debt

May 20, 2019 at 01:35PM Getting your work wages on a monthly (not weekly nor biweekly) basis has become a more widespread trend as the price of running payrolls has gone up, and organizations’ cashflow has gone down. That 30-day shift may be a boost to employers, but not employees, who may need access toContinue reading “Wagestream closes $51M Series A to plug the payday gap without putting workers in debt”

Meet the first judges for The Europas Awards (27 June) and enter your startup now!

April 17, 2019 at 03:06PM I’m excited to announce that The Europas Awards for European Tech Startups is really shaping up! The awards will be held on 27 June 2019, in London, UK on the front lawn of the Geffrye Museum in Hoxton, London — creating a fantastic and fun, garden party atmosphere in theContinue reading “Meet the first judges for The Europas Awards (27 June) and enter your startup now!”

TradingView acquires TradeIt to add instant trading APIs to its investor toolkit

April 02, 2019 at 12:05PM After raising $37 million to bring its on-the-spot stock market analytics tools to a wider range of publishers and other internet partners, TradingView today has announced its first acquisition to supercharge the services that it offers to investors, wherever they happen to be online. The startup has acquired TradeIt, whichContinue reading “TradingView acquires TradeIt to add instant trading APIs to its investor toolkit”

Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland China

March 27, 2019 at 04:05AM Qupital, a fintech startup that bills itself as Hong Kong’s largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (CEFIF), with participation from returning investors Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, both participants in its seed round. ToContinue reading “Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland China”

HoneyBook, a client management platform for creative businesses, raises $28M Series C led by Citi Ventures

March 21, 2019 at 04:00PM HoneyBook co-founders Oz and Naama Alon HoneyBook, a customer-relationship management platform aimed at small businesses in creative fields, announced today it has raised a $28 million Series C led by Citi Ventures. All of its existing investors, including Norwest Venture Partners, Aleph, Vintage Investment Partners and Hillsven Capital, also returnedContinue reading “HoneyBook, a client management platform for creative businesses, raises $28M Series C led by Citi Ventures”

Databricks raises $250M at a $2.75B valuation for its analytics platform

February 05, 2019 at 08:01AM Databricks, the company behind the Apache Spark big data analytics engine, today announced that it has raised a $250 million Series E round led by Andreessen Horowitz. Coatue Management, Microsoft and NEA, also participated in this round, which brings the company’s total funding to $498.5 million. Microsoft’s involvement here isContinue reading “Databricks raises $250M at a $2.75B valuation for its analytics platform”