Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows by @ingridlunden
The countdown to Deliveroo's IPO in April is on - prospectus will come in 2 weeks. Today, new numbers are out underscoring how huge last year was for the company.
Every day should be "international women's day" BUT in one sign of how far we have come, and it being #IWD2021, here's a story about a fintech -- male dominated field -- founded and led by a woman getting a huge cash infusion today. Still lots more to do.
one reason why i am not super bullish on NFTs rn -- and I am sure I will be wrong in time -- is that they seem again focused on speculative value (ie artificial scarcity) which is kinda boring to me
I'm with you -- and up the ante to include all crypto -- but that doesn't mean it's not a motivator for a ton of co's right now, and that it's not going to turn heads for a while to come. I mean, hell, the stock market has been around for hundreds of years.
IFC backs Bolt with $24M to expand its transportation network in emerging markets by @ingridlunden
IFC has backed a lot of fintech startups but transportation is as significant to economic development, if not more in some regards. Bolt's focus on emerging markets gets a boost here.
Dooly closes on $20M for AI-based tools to help salespeople with their busywork by @ingridlunden
Very telling that two of the investors in the Series A are the founder and a senior exec at UiPath. Dooly feels like RPA sized down to individuals but scaled up to more complex data requiring input. Actually quite interesting (for nerds like me, or sales ppl I suppose!).
Looped raises $7.7M to expand its interactive live event platform by @ingridlunden
I don't think we've seen the end of companies building tech to enable more interesting/innovative live-streaming services right-sized to the new demands/consumer habits that have emerged in the last year. This one has had some pretty impressive traction so one to watch IMO.
'Flying taxi' startup Volocopter picks up another $241M, says service is now two years out by @ingridlunden
Biggest funding round to date for this e-VTOL maker, from investors it hopes will kickstart its ecosystem (not just finance it). Key strategy in what is still an untested market that relies on getting AI/mechanical tech, economics, and market interest, right. tip @Techmeme
EBay and Adevinta to sell UK sites Gumtree, and Shpock to get their $9.2B deal past regulators by @ingridlunden
We don't think of eBay as a tech force to be reckoned with these days, and yet two of its divested assets have in the last month become the focus of antitrust actions. What does that say about the genuinely formidable co's out there?
Czech on-demand grocery delivery startup Rohlik bags $230M to expand across Europe by @ingridlunden
Big round for one of the more promising of the many online grocery delivery startups now operating in Europe. It values Rohlik, which has so far been profitable, at $720 million. Bigger story here:
i contributed photos to this and didn't make the cut, which i view as a pretty substantial internal burn
TIL I think I might be the only person at TC who just uses her laptop plain and simple. My home office setup involves: slightly messy desk, laptop, 2 phones, AirPods, black cat behind laptop propping up screen, light. Maybe I could be on an "unlist".
Istanbul's Dream Games snaps up $50M and launches its first game, the puzzle-based Royal Match by @ingridlunden
Notable round: part of the wave of mobile gaming startups coming out of Istanbul + the biggest Series A ever for any Turkish startup. Great to see the v. abundant opportunity that is tech continuing to be democratized (yes, there's way more room for more). tip @Techmeme
From last night... news of yet another huge VC fund (or in this case two) closing. A lot of money continues to be poured into tech, pandemic and whatever economic uncertainty that has brought notwithstanding.
Francisco Partners is acquiring MyHeritage, sources say for $600M by @ingridlunden
PR for MyHeritage confirmed this before we published, but story now updated with more details. DNA and genealogy (and data data data 😬) continue to be big business. tip @Techmeme
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