How a frugal approach helped land Lula more runway amid a market downturn

It was an eventful week in fintech startup land, and we did our best to capture the highlights. We covered some raises, new product lines, at least one M&A deal and more. Oh, and if you want to receive this in your inbox in the future, sign up here. Lula tightens its belt and raises $35.5M at a

The best apps are taking a page from mobile gaming

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Retaining mobile app subscribers is harder than it was last year, but paywall optimization and

Deal Dive: Most secondary sales in venture won’t look like Tiger’s Flipkart deal

A few months ago, it looked like all the pieces had fallen into place for a hot secondaries summer: Buyers were coming back to market, some companies and sellers were getting desperate, and the bid-ask spread — the difference of what buyers are willing to pay and the price sellers are setting —

SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred. Last Jul

Berkeley Yeast, S2G dish on the future of beer, meat and more at TC Disrupt 2023

In case you missed it, July 2023 was the hottest month ever recorded on Earth. On the bright-ish side, research shows that 69% of Americans want our nation to become carbon neutral by 2050. Achieving that goal will require changing the way we think and act about sustainability. But, when push comes

Unpacking the end of Luko’s solo journey in insurtech

European insurtech is showing strength that you can't spot if you only read the data on venture capital that's available today. Indeed, some startups are showing strong fundamentals that will likely help them through this volatile landscape and then some. We made this point a couple weeks a

AI is going 4-dimensional

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday morning. State-sponsored bad actors have long been able to make “deepfake” videos that are good enough to trick unsophisticated viewers — and probably some more clued-in folks, too. That sort of work takes s

The US could learn a lot from how the UK is crafting DEI policy for venture capital

The U.K.'s Treasury Select Committee last month released a report on the diversity — or lack thereof — of the nation's venture ecosystem. Black founders there receive less than 0.4% of all venture capital, and women founders receive around 2%, the report found. The report called such di

6 startup founders gaze into a future-of-work crystal ball

The excitement around remote work reached fever pitch during the pandemic, when most people with an office job were forced to work from home. This opened up conversations about what the future of work looks like, with a lot of attention paid to remote and hybrid models as well as how employees can

Pitch Deck Teardown: SquadTrip’s $1.5M pre-seed deck

For our 60th (yes, there’s 60 of them now!) Pitch Deck Teardown, we’re taking a closer look at a $1.5 million pre-seed round and the deck that helped raise it. Tulsa-based startup SquadTrip tells me it raised its first institutional funding from Atento Capital, Forum Ventures and others

EdgeIn hopes to be a faster, community-driven, 'CrunchBase for web3'

As we saw with the collapse of FTX, the web3 space leaves a lot to be desired in terms of transparent information about companies, fundings, management and a slew of other data that really is commonplace and “de rigueur” in the “normal” tech industry. And there are far too m

EventMobi acquires a16z-backed virtual events platform Run The World

EventMobi, an event management software provider based in Toronto, Canada, today announced that it’s agreed to acquire Run The World, an Andreessen Horowitz (a16z)-backed platform for online events, for an undisclosed amount. Bob Vaez, the founder and CEO of EventMobi, said that the purchase

Will we see any IPOs happening this year at all?

August is starting on a hopeful note. As much as I care about technology, I am not saying this out of enthusiasm for generative AI or because we seem to be one step closer to room temperature superconductors becoming a reality. If true, this “discovery could radically reshape

Meet Lula, a startup that aims to be the 'Stripe for insurance' and just raised $35.5M

Lula, a startup which aims to be the “Stripe for insurance,” has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. When technewss reported on Lula's $18 million Series A raise in July of 2021, the company was focused on building an in