On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar with the deal. Exor invested
Month: March 2020
Stuck at home? JK! I know you are! You’re not alone. FirstMark Capital partners Rick Heitzmann, Amish Jani, Matt Turck and Beth Ferreira are also working from home. But neither distance nor virus can truly keep us all apart. That’s why I’m thrilled to announce that tomorrow at 12pm EDT/9am PDT, we will be joined
Houseparty has been a smashing success with people staying home during the coronavirus pandemic who still want to connect with friends. The group video chat app, interspersed with games and other bells and whistles, raises it above the more mundane Zooms and Hangouts (fun only in their names, otherwise pretty serious tools used by companies,
Palo Alto Networks announced today that it has an agreement in place to acquire CloudGenix for $420 million. CloudGenix delivers a software-defined wide area network (SD-WAN) that helps customers stay secure by setting policies to enforce compliance with company security protocols across distributed locations. This is especially useful for companies with a lot of branch
Last fall, Spotify debuted a standalone Kids application, aimed at bringing kid-friendly music and stories to Spotify Premium Family subscribers, initially in Ireland. Today, that app is being made available broadly in the U.S. Canada and France, the company announced on Tuesday. The Kids app is still considered a “beta” as it arrives in these
When Rebecca Minkoff first moved to New York City, the then-18-year-old was making $4.75 an hour. “I just kept working for this designer and someone was telling me what to do every day. I just didn’t like that. And I thought if I’m going to work as hard, it’s going to be for myself and
French startup Qarnot has raised a $6.5 million (€6 million) funding round. The company manufactures heaters and boilers with a special trick — they pack computers as computers tend to generate a lot of heat. Qarnot then lets companies leverage that computing power by running tasks on those unusual servers. Banque des Territoires, Caisse des Dépôts,
Monzo, the U.K. challenger bank with over 4 million account holders, is taking a number of precautionary steps to help see it through the current coronavirus downturn, including voluntary furloughs and its CEO forgoing a salary, TechCrunch understands. In an internal company-wide memo issued by co-founder and CEO Tom Blomfield, he tells the bank’s over
Thumbtack CEO Marco Zappacosta announced in a blog post today that the company has laid off 250 employees. Much has been written about the impact that the COVID-19 and the resulting social distancing/shelter in place measures are having on small businesses (and the steps that internet platforms like Facebook and Yelp — which, after all,
Facebook has diverted from its policy of not fact-checking politicians in order to prevent the spread of potentially harmful coronavirus misinformation from Brazilian President Jair Bolsonaro. Facebook made the decisive choice to remove a video shared by Bolsonaro on Sunday where he claimed that “hydroxychloroquine is working in all places.” That’s despite the drug still
Another tech unicorn is feeling the pinch of doing business during the coronavirus pandemic. Today, Kabbage, the Softbank-backed lending startup that uses machine learning to provide speedy and more accurate evaluations of loan applications for small and medium businesses, is furloughing a “significant number” of its US team of 500 employees, according to a memo
Online learning looks likely to be a key beneficiary of the social distancing and quarantine measures that are being applied around the world as countries grapple with the COVID-19 pandemic. In turn, this looks set to buoy some relative veterans of the space. To wit: Preply, a 2013-founded tutoring marketplace, is today announcing a $10
Facebook Messenger could soon automatically tell your closest friends you’re at the gym, driving, or in Tokyo. Messenger has been spotted prototyping a ported version of the Instagram close friends-only Threads app’s Auto Status option that launched in October. The unreleased Messenger feature would use your location, accelerometer, and battery life to determine what you’re
The massive bailout package that the U.S. government passed last week to stave off an economic collapse from measures put in place to mitigate the spread of the COVID-19 epidemic is giving out billions to American small businesses. But startups that received venture capital money could be left out. So the nation’s investment organizations and lobbying
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. If you missed Friday’s main episode, it was a fun one so take the time if you have the minutes; we’re settling into a new hosting lineup that is shaping up to be our best ever, so we’re
Meetup, the social networking platform designed to connect people in person, is being spun out from shared office space provider WeWork, the company confirmed on Monday. The site is being sold to AlleyCorp and other private investors for an undisclosed sum, but one that’s reportedly far less than the $156 million acquisition price WeWork paid
Confluence, Atlassian’s content-centric collaboration tool for teams, is making it easier for new users to get started with the launch of an updated template gallery and 75 new templates. They incorporate what the company has learned from its customers and partners since it first launched the service back in 2004. About a year ago, Atlassian
The coronavirus pandemic has all but halted a lot of business activity, but today comes news of a deal that underscores how M&A is still happening in some sectors despite (not because of) everything else going on. One.com — the big hosting provider in Europe with around 1.5 million customers, itself acquired just over a
Turbo Systems, a three-year old, no-code mobile app startup, announced today it has brought on industry veteran Jen Grant to be CEO. Grant, who was previously vice president of marketing at Box and chief marketing officer at Elastic and Looker, brings more than 15 years of tech company experience to the young startup. She says
Air Doctor, the health tech startup that connects travellers with local doctors, has raised $7.8 million in Series A funding. The round is led by Kamet Ventures (the AXA-backed venture builder), and The Phoenix Insurance Company. Founded in 2016, Air Doctor aims to empower travellers who get sick when abroad and need non-emergency advice or
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. The three of us were back today — Natasha, Danny and Alex — to dig our way through a host of startup-focused topics. Sure, the world is stuffed full of COVID-19 news — and, to be clear, the
Bird is the latest startup hit by the COVID-19 pandemic. Today, Bird laid off about 30% of its employees amid the uncertainty caused by the coronavirus, TechCrunch has learned. This came out to 406 people laid off out of 1,387 employees prior to the layoffs, Bird confirmed. “The unprecedented COVID-19 crisis has forced our leadership
Russ Heddleston Contributor Russ is the co-founder and CEO of DocSend. He was previously a product manager at Facebook, where he arrived via the acquisition of his startup Pursuit.com, and has held roles at Dropbox, Greystripe, and Trulia. Follow him here: @rheddleston and @docsend More posts by this contributor Now might be the perfect time
Russ Heddleston Contributor Russ is the co-founder and CEO of DocSend. He was previously a product manager at Facebook, where he arrived via the acquisition of his startup Pursuit.com, and has held roles at Dropbox, Greystripe, and Trulia. Follow him here: @rheddleston and @docsend More posts by this contributor What to expect when pitching European
Irene DeNigris Contributor Irene DeNigris, chief people officer of iCIMS, has a passion for cultivating a highly engaged, high-performance culture. When looking for answers, where do people first turn? For many, it’s Google. During the first half of March, we saw Google searches for “work from home” reach a 12-month high, garnering at least 50%
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry saw a record 204 billion downloads and $120 billion in consumer spending in 2019, according to App Annie’s “State of Mobile” annual report.
One of the newer companies attempting to join the rarified group of private space launch startups actually flying payloads to orbit has redirected its entire UK-based manufacturing capacity towards COVID-19 response. Skyrora, which is based in Edinburgh, Scotland, is answering the call of the UK government and the NHS to manufacturers to do what they
New York University is among the many academic, private and public institutions doing what it can to address the need for personal protective equipment (PPE) among healthcare workers across the world. The school worked quickly to develop an open-source face-shield design, and is now offering that design freely to any and all in order to
Yesterday, I had the pleasure of hopping on Zoom with betaworks’ John Borthwick and Matt Hartman to discuss the tech world’s adaptation to this new locked-down world, the future of new media and answer questions from the audience. We discussed whether new media companies can raise capital right now, and touched on emerging trends around
The coronavirus demand crunch has taken another bite: Palo Alto-based corporate travel-focused unicorn, TripActions, reportedly laid off hundreds of staff yesterday. Per this post on Blind — written by someone with a verified TripActions email address — the company fired 350 people. Business Insider reported the same figure yesterday. While the Wall Street Journal said
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