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Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of Momondo Group, respectively), along with participation from existing backer LocalGlobe. Founded by the team behind Top10 — the mobile and broadband comparison site that exited to uSwitch in 2011 — Motorway has set out to…
Comscore’s name is usually in the news because of its widely-cited research and stats around media traffic and other analysis charting digital consumer behavior. More recently, it’s been coming up for another reason: ongoing corporate upheaval and its tumbling stock price. Today comes the latest development in that story: the company announced that it has raised $20 million, with the option of increasing the sum to $50 million, from a…
Competition within the cryptocurrency exchange sector is heating up following the onset of bullish market conditions. Right now, the blockchain-centric industry is aflutter with news of new territorial buildouts. Bitcoin, the prime digital currency, has seen its value rise by over 50 percent in the past three months and market analysts are now predicting a breakout above $10,000 in coming weeks. Facebook’s Libra coin has also been announced and the…
Welcome back to this week’s transcribed edition of Equity. This week, TechCrunch’s Danny Crichton filled in for co-host Alex Wilhelm – who was out in preparation for his wedding this weekend – joining Kate to cover the big news of the week. Kate and Danny dive straight into Slack’s IPO and the implications of its direct listing strategy, before shifting gears to discuss the launch of Facebook’s new ‘Libra’ cryptocurrency and…
Conventional wisdom would suggest that you close your data centers and move to the cloud, not the other way around, but in 2016 Dropbox undertook the opposite journey. It (mostly) ended its long-time relationship with AWS and built its own data centers. Of course, that same conventional wisdom would say, it’s going to get prohibitively expensive and more complicated to keep this up. But Dropbox still believes it made the…
Cryptocurrency Market Update We’re off to a green start for summer. Hopefully, by, now it’s safe to put your crypto winter jackets away and slip into some swimwear as we enter the first day Summer 2019. The Big Bad Bitcoin is currently nearing a $10,000 hurdle and is up 17.57% on the week. The last time BTC was near $10k, it was in freefall in the middle of the crypto…
Years ago, a mobile app for email launched to immediate fanfare. Simply called Mailbox, its life was woefully cut short — we’ll get to that. Today, its founders are back with their second act: An AI-enabled assistant called Navigator meant to help teams work and communicate more efficiently. With the support of $12 million in Series A funding from CRV, #Angels, Designer Fund, SV Angel, Dropbox’s Drew Houston and other…
In a world where the enterprise market hovers around $500 billion in annual sales, is it any wonder that hundreds of enterprise startups launch into that fiercely competitive arena every year? It’s a thrilling, roller-coaster ride that’s seen it all: serious success, wild wealth and rapid failure. That’s why we’re excited to host our inaugural TC Sessions Enterprise 2019 event on September 5 at the Yerba Buena Center for the…
Facebook’s highly secretive Libra Project has been making headlines lately due to the immense potential it holds to disrupt both the international remittance market and the cryptocurrency sector. While some analysts believe that the project will bring greater credence to the crypto industry, others are more skeptical about the latest move by FB given the firm’s past disreputable data collection practices. Facebook will reportedly release its GlobalCoin whitepaper sometime this…
Chances are you always look at photos before you order food in your favorite food delivery app, or before you book a hotel room. French startup Meero wants to make the web and mobile apps look beautiful by helping businesses get good photos. And the company just raised a $230 million funding round. Eurazeo, Prime Ventures and Avenir Growth are leading today’s funding round. Existing investors include Global Founders Capital,…
Robotic process automation — which lets organizations shift repetitive back office tasks to machines to complete — has been a hot area of growth in the world of enterprise IT, and now one of the companies that’s making waves in the area has acquired a smaller startup to continue extending its capabilities. Blue Prism, which helped coin the term RPA when it was founded back in 2001, has announced that…
June 21 may be a “make or break” day for numerous cryptocurrency companies, particularly exchanges and crypto custodians. On that date, the Financial Action Task Force (FATF) is releasing guidance on how countries should oversee digital assets, Bloomberg reports. What Is the FATF? The FATF is a worldwide organization that develops recommendations on how participating nations should handle different aspects of monetary policy. Specifically, the organization is interested in combating…
As grocery shopping moves online, one piece of the puzzle hasn’t been directly addressed: fresh fruits and vegetables. That also happens to be a category in which there is a ton of food waste, with a good deal of fruits and veggies never making it out of the grocery store to begin with. Misfits Market has raised $16.5 million in Series A to handle just that. Greenoaks Capital led the…
It’s been just over a year since Microsoft bought GitHub for $7.5 billion, but the company has grown in that time, and today it announced that it has hired former Bitnami COO and cofounder, Erica Brescia to be its COO. Brescia handled COO duties at Bitnami from its founding in 2011 until it was sold to VMware last month. In a case of good timing, GitHub was looking to fill…
India’s anti-bitcoin lawmakers have proposed a law that prohibits citizens from possessing, trading or profiting from bitcoin-related ventures which include mining. The “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019” proposes that persons found to be dealing in cryptocurrencies face an unbailable 10 years behind bars. A couple of government anti-money laundering agencies such as the Central Board of Indirect Taxes and Customs (CBIC) and Income Tax Departments…
Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the proliferation of billion-dollar companies. Before that, I noted the uptick in beverage startup rounds. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets. Now,…
When Google announced it was buying Looker yesterday morning for $2.6 billion, you couldn’t blame some of the company’s 1,600 customers if they worried a bit if Looker would continue its multi-cloud approach. But Google Cloud chief Thomas Kurian made clear the company will continue to support an open approach to its latest purchase when it joins the fold later this year. It’s consistent with the messaging from Google Next,…
Cryptocurrency market update: Cryptocurrency markets saw a slight correction this week, however, some tokens still saw their time in the sun. The losers: Bitcoin down 4%, Ethereum down 3%, EOS down 16.44%. The winners: Litecoin is up 7.55%, Tron up 6.54%, Cosmos up 12.6%, Chainlink 21.1%, Zilliqa up 26%. cryptocurrency markets Blockstream Developers Accused of Being Paid $850,000 Annually: Blockstream, the Bitcoin Core development company, has allegedly been paying its…
If you ask Eugenio Pace to describe himself, “engineer” would be fairly high on the list. “Being a CEO is pretty busy,” he told TechCrunch in a call last week. “But I’m an engineer in my heart — I am a problem solver,” he said. Pace, an Argentinan immigrant to the U.S., founded identity management company Auth0 in 2013 after more than a decade at Microsoft. Auth0, pronounced “auth-zero,” has…
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. Now it’s become difficult for venues, artists and fans to avoid…