Startups

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It’s demo day season. This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — and customers. Participants ran the gamut from fintech and sustainability to edtech and developer to

Insurtech companies have been among the biggest victims of the public market sell-off, especially those that went public in 2021. Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade, and it hasn’t been alone in losing a lot of value and being e

When insurtech company Metromile went public via a special purpose acquisition company (SPAC) in February last year, it was valued at over $1 billion. A year and five months later, Lemonade acquired the company for less than $145 million. As the markets turned early this year, insurtech left most g

Anyone who has followed global news events of late will have noticed the devastating floods that have engulfed pretty much every corner of the world, from the U.S. and Europe, to Africa, Australia and Asia, where India and Pakistan have been hit by some of their worst floods in recent memory. By pr

Updated on Dec 16: Kenyan fintech Lipa Later has acquired SkyGarden for an undisclosed amount. Lipa Later, a BNPL startup, says the deal will enable it to offer “a comprehensive e-commerce solution,” that includes flexible payment options, to consumers. The future of Kenya-based Sky.Garden 

Software product marketers typically are charged with creating demos for potential customers. These let people who are interested in the product see how a function inside an application works as a way to whet the appetite of the potential buyer. Arcade, a startup launched by two former Atlassian em

The rise in software supply chain attacks, like the SolarWinds hack, prompted last year's executive order from the Biden administration requiring vendors to provide a software bill of materials (SBOM). SBOMs can help security teams understand if a newly disclosed vulnerability impacts them R

Software-as-a-service dev platform Airplane today closed a $32 million Series B funding round led by Thrive Capital with participation from Benchmark, bringing the startup’s total raised to $40.5 million. Ravi Parikh says that the new funds will be put toward growing Airplane’s 19-perso

Detectify, a security platform that employs ethical hackers to conduct attacks designed to highlight vulnerabilities in corporate systems, today announced that it raised $10 million in follow-on funding led by Insight Partners. CEO Richard Carlsson says that the new cash, which brings DetectifyR

So-called “stakeholder capitalism” has not had the most illustrious of histories. Yes, there have been “Walmart Associates” who were able to own stock in the company, or “John Lewis Associates” (in the U.K.), but it's hardly made the average person well off.

Meet Solvo, a new mobile app that wants to make it easier to invest in cryptocurrencies and cryptocurrency-related financial products. The two founders, Ayelen Denovitzer and Shailendra Sason, met while they were working for Revolut, in the crypto team, more specifically. Earlier this year, Solvo r

Una Brands, an e-commerce aggregator focused on brands in the Asia-Pacific region, announced the first close of its Series B round at $30 million today. The funding was led by White Star Capital and Alpha JWC Ventures. Headquartered in Singapore, Una Brands has a presence in Southeast Asia, Austral

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. With almost a hundred new stories on the site since the last Daily Crunch, we're having a hard time picking the cream of the crop, but that's what we dooo