Trill Project, founded by three high school girls, recently launched out of private beta to help people safely express themselves online. For those unfamiliar with the word “trill,” it’s a combination of “true” and “real.” An investor described it to me as a positive Yik Yak . Trill Project began as a community for teenagers,
Startups
Mikhail Kokorich, the founder of Momentus, a new Y Combinator-backed propulsion technology developer for space flight, hadn’t always dreamed of going to the moon. A physicist who graduated from Russia’s top-ranked Novosibirsk University, Kokorich was a serial entrepreneur in who grew up in Siberia and made his name and his first fortunes in the years
For people who make investment decisions based on revenues and projected earnings, biotech IPOs are kind of a non-starter. Not only are new market entrants universally unprofitable, most have zero revenue. Going public is mostly a means to raise money for clinical trials, with red ink expected for years to come. That pattern may be
In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instance, countries like Nigeria have experienced a tremendous growth in the number of citizens entering the middle class, which now accounts for about
Last weekend, Epic Games put forth its first true effort at official competitive Fortnite Battle Royale. It was a disaster. The private hosts used for the tournament were about as laggy as could be, with pro players getting eliminated simply because they couldn’t move. This tournament was for a total prize of $250K. That’s big
Tilray, a five-year-old, British Columbia-based medical cannabis company that sells its products to patients, researchers, pharmacies and even governments, saw its shares get high (sorry) on the Nasdaq today, after the company priced 9 million shares at $17 apiece and watched them soar, closing at $22.39, a jump of slightly more than 32 percent. The
Israel-based Carbyne has developed an emergency call-handling platform, supported by an ecosystem that integrates live video streaming, location services and texting capabilities. After Amir Elichai, founder and CEO, was robbed on Tel Aviv beach in 2013, he called the police and had to trudge through a tedious, long-winded conversation with the dispatcher (“Where are you,
TrueLayer, the London startup that’s built a developer platform to make it easy for fintech and other adjacent companies, such as retailers, to access bank APIs — and ride the Open Banking and PSD2 gravy train — has picked up further $7.5 million in funding. Leading the round is venture capital fund Northzone. It follows
Comic book and graphic novel sales fell 6.5% in 2017 from a 2016 high of $1.015 billion. Graphic novels brought in $570 million while comic books brought in about $350 million. A report posted to Comichron notes that comic stores are still the biggest source for revenue while $90 million is attributable to digital downloads.
Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox’s plan,
Scott Heiferman, Meetup CEO and co-founder, is today moving into the chairman role at the community-building startup. Meetup launched in 2003 with a simple goal: to give communities an easy way to meet up in real life. The company has since grown to 40 million members, with 320,000 Meetup groups and around 12,000 Meetups per
Centralized crypto exchanges like Coinbase are easy but expensive because they introduce a middleman. Not-for-profit project 0x allows any developer to quickly build their own decentralized cryptocurrency exchange and decide their own fees. It acts like Craigslist, connecting traders without ever holding the tokens itself. And instead of having to bootstrap their way to enough
Update: Here’s how to get around Amazon’s error. Use smile.amazon.com. TechCrunch confirmed this workaround works. It’s not just you. Amazon Prime Day started 15 minutes ago, and so far, it’s not going well for Amazon. The landing page for Prime Day does not work. When most links are clicked, readers are sent to an error
Holden Page Contributor Startups making delivery and transport easier than ever are a hit with venture capitalists, so it’s not a surprise that young tech companies delivering home staples — living room sets, dining room tables, couches and more — are raising big dollars. From 2010 through 2017, venture investors have outfitted U.S.-based furniture startups
Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million. The round is led by MATH Venture Partners with participation from Valor Equity, Chicago Ventures, Hyde Park Venture Partners and others. Chowly had previously raised just $700,000 from MATH
Instacart has tapped Postmates to offer better delivery services during peak hours in a San Francisco pilot. While Instacart will still handle all the shopping for its customers, it will hand off some deliveries to Postmates at times when there is high demand on the Instacart platform. Postmates, obviously, has offered delivery-as-a-service for merchants and
It’s one thing to have a great business idea, but connecting all of the disparate pieces of information and people needed to build it can be a frustrating growing pain — and one that the internal knowledge sharing company Guru is trying to fix. Guru launched in 2015 as a Chrome extension to help revenue
The team at Octi says it’s building a crucial piece of the augmented reality puzzle — the ability to understand the human body and its movement. Co-founder and CEO Justin Fuisz told me that most existing AR technologies (including Apple’s AR Kit) tend to be “plane-based” — in other words, while they can make something
Robinhood has gone from being a little consumer-facing fintech app to an absolutely giant consumer-facing fintech app. The company, which launched in 2013, has ballooned to a $5.6 billion valuation on the heels of a $363 million Series D financing round led by DST Global. The app has also grown to 5 million users, as
A few folks have reported a new ransomware technique that preys upon corporate inability to keep passwords safe. The notes – which are usually aimed at instilling fear – are simple: the hacker says “I know that your password is X. Give me a bitcoin and I won’t blackmail you.” Programmer Can Duruk reported getting
Real estate platform Nestio is getting new funding as it continues to expand its footprint beyond New York City into other large U.S. markets. The startup’s software gives real estate owners and managers a hub to handle things like leasing and marketing. The round, which they announced today, was led by Camber Creek and Trinity
Timehop is admitting that additional personal information was compromised in a data breach on July 4. The company first acknowledged the breach on Sunday, saying that users’ names, email addresses and phone numbers had been compromised. Today it said it that additional information, including date of birth and gender, was also taken. To understand what
Aurora Labs, a company that has created predictive tools that will automatically fix problems with software in cars, has raised $8.4 million in a Series A round of financing led by Fraser McCombs Capital. Previous investor MizMaa Ventures also joined the round. The Tel Aviv-based company just came out of stealth a few months ago.
Martha Notaras Contributor For the last decade, the largest technology companies have increasingly looked outside of tech to grow their operations. From automotive to retail to groceries, these companies use massive competitive advantages in the form of data, consumer relationships and software engineers to fundamentally change markets. Now, companies like Apple and Google and Amazon
If you visited a Bulletin store, or bought products off its website, COO Ali Kriegsman said you might “pigeonhole” the company as a “feminist apparel brand” — a place to buy T-shirts and accessories with fun, provocative political slogans. And yes, that is part of what draws consumers. But Kriegsman and her co-founder Alana Branston
Instacart, the grocery delivery platform valued at $4.2 billion, has today announced that it has hired its first chief communications officer in Dani Dudeck. Dudeck has been in the communications world for the past 15 years, serving as VP of Global Communications at MySpace for four years and moving to Zynga as CCO in 2010.
Joanna Glasner Contributor More posts by this contributor Hydrate, intoxicate, caffeinate, repeat: Meet the startups pouring the future VCs serve up a large helping of cash to startups disrupting food Good thing Carrie Bradshaw, the shoe-loving heroine of Sex and the City, wasn’t a footwear venture capitalist. The high-heeled, high-priced and hard-to-walk-in pairs beloved by
In what amounted to one of the most far-reaching and interesting conversations at TC Sessions in Zug, Ethereum masterminds Vitalik Buterin, Justin Drake, and Karl Floersch spoke openly – and often candidly – about a bright future for Ethereum scaling and, more interestingly, their way to build teams that work. “There’s definitely changes that we
Felicity Conrad and Kristen Sonday were on very different paths until three years ago. Conrad was an associate at the powerhouse law firm Skadden Arps. Meanwhile, Sonday, a Princeton grad and the first person in her family to go to college, was reflecting on the several years she’d spent with the U.S. Department of Justice
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we were back in the studio with Connie Loizos and myself hanging out with Jai Das, a managing director at Sapphire Ventures. Our beloved Matthew Lynley was off this week, but he’ll be back for