Startups

Haus, an aperitif company that tried to find a buyer last year after investor funding dried up, now has one. The Naked Market, founded by Harrison Fugman and Alex Kost, has acquired certain assets of the low-ABV (alcohol by volume) beverage company from CPG Holding Co. and is now relaunching a few

Halo.Car, a startup that uses remote operators to deliver rental cars to a customer’s door, has launched driverless operations in Las Vegas. Driverless operations mean something different for Halo than they do for autonomous vehicle companies like Cruise or Waymo because Halo’s vehicles

Fintech startup Shares has raised $90 million for its stock trading app. And yet, the service is only available to people who live in the U.K. But that's about to change as the company has received a couple of authorizations from French regulators. With EU passporting rules, Shares could also e

B Garage, a San Jose-based startup building autonomous drones along with software to track warehouse inventory, said today that it has picked up $20 million in a Series A round of funding.  New investor LB Investment led the Series A funding with participation from Ignite Innovation Fund, Krossroa

Indian startups experienced a significant contraction in funding in the first half of 2023 as some kingmaker late-stage backers quelled new investments in the South Asian nation amid a slowdown in the broader public market. The first six months of 2023 saw Indian startups raise a mere $5.46 billion

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far. Founded in 2016 by Juliana Motta (CPO), Ricardo Josua (CEO), Daniela Binatti (CTO), and Marcelo Parise

David Lazovsky and Preet Virk, technologists with backgrounds in semiconductor engineering and photonics, came to the joint realization several years ago that AI and machine learning workloads would quickly encounter a “data movement” problem. Increasingly, they predicted, it would beco

Earlier this year we wrote that the “the $100 million venture round is going extinct.” Often our predictions wind up sideways. This time we were on the right track. According to new data from PitchBook, the U.S. venture market is continuing to endure lackluster velocity for nine-figure

Startup accelerator Techstars is raising $150 million for its new fund, SEC filings show. The accelerator is seeking new capital ahead of the end of the deployment period of its third institutionally-backed fund, Techstars Accelerator 2021, later this year. Techstars declined to offer details on ho

OpenAI is expanding overseas. To London, specifically. Today, the Microsoft-backed AI startup announced that it plans to open an office in London, its first international outpost. When OpenAI’s London location opens its doors, it’ll focus on advancing “research and engineering cap

Hello Alice, a fintech helping small businesses access capital, and entrepreneurship ecosystem Global Entrepreneurship Network (GEN) created a $70 million Equitable Access Fund designed to bridge the financing gap experienced by women and BIPOC-owned founders. “There’s an estimated $40 bill

Want more fintech news in your inbox? Sign up here. While there are a multitude of fintech companies offering digital banking services to a variety of demographics, there has been one segment of the population that historically has been underserved even more than others: the undocumented immigrant.

Startups have been looking for ways to disrupt event streaming, popularized in the last decade by Kafka, the open source event streaming platform. Just this week we looked at Redpanda getting a $100 million Series C for its event streaming platform, and today Memphis.dev, an earlier-stage startup,

Fairphone CEO Eva Gouwens has announced that she’s stepping down, some five years after landing in the hotseat. Founded out of the Netherlands back in 2010, Fairphone has set out to differentiate from other smartphone makers by focusing on sustainability and lowering its environmental footpr