Startups

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Breakthrough Energy Ventures, a climate-focused VC firm linked to some of Earth’s wealthiest individuals, has joined a $44 million bet on solar startup Terabase Energy. Terabase aims to rapidly build new solar farms “at the terawatt scale,” CEO Matt Campbell said in a statement. T

On Deck, a tech company that connects founders to each other, capital and advice, has conducted another round of layoffs just three months after laying off a quarter of its staff. Sources say that more than 100 people were impacted by the workforce reduction, accounting for half of the entire staff

What does an an acquisition process look like? There are two kinds of acquisition processes: planned and opportunistic. A planned process is where a company looks for a suitable buyer for their business, whereas an opportunistic process is initiated by a buyer. In either case, the p

Digital marketplace Clutch announced today the closing of a $1.2 million seed round led by Precursor Ventures. The company, founded in 2020 by Madison Long and Simone May, hails itself as one of the earliest people-first creator economy platforms to connect individuals to businesses looking for mar

U.S. pharmaceutical giant Gilead Sciences has announced plans to acquire Oxford University biotech spinout company MiroBio in an all-cash deal worth $405 million. MiroBio is a clinical-stage company focused on developing treatments to “restore immune balance” in autoimmune patients, whi

UFODrive, a Europe-based electric vehicle rental company, landed in San Francisco on Thursday, marking the startup's expansion into the U.S. The startup, which gives users an easy and contact-free way of renting and subscribing to EVs, comes to California at a time when gas prices are still inc

A year ago, Club Feast, a subscription-based service aiming to disrupt the food delivery industry, emerged from stealth with $3.5 million in seed funding and the backing of prominent investors, including General Catalyst and Pika Capital. Co-founders Atallah Atallah, Ghazi Atallah and Chris Miao cl

Walmart let go of almost 200 corporate employees on Wednesday amid the economic downturn and rising inflation, according to a person familiar with the development. The company said in a statement that these layoffs are a part of updating its structure. Last month, the firm slashed its Q2 and yearly

Cera, a U.K. provider of healthcare inside people's homes augmented by a platform that allows carers to monitor a patient's health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. The equity side of the fundin

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their drea

Andreessen Horowitz's recent hire of former Jordan Park Group Chief Investment Officer Michel Del Buono suggests the venture capital firm is getting into startup founder wealth management. The outfit, more commonly known as a16z, confirmed Del Buono's hire as CIO to oversee those types of s

I have been the first human resources leader at two successful startups. In both instances, I've built the human resources function and people teams from the ground up. Doing this from scratch means you have to consider everything, from compliance to compensation. Often, processes and procedure

In June, Google told us that it would start merging its Duo video chat service for consumers with Meet, its Zoom competitor for business users. The next phase of this merger starts today. Merging two apps was always going to be a complicated process. Add to that the overall confusion around Google&