Startups

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Hello and welcome to this 109th day of 2022 – April 19 – which celebrates, among other things, National Garlic Day (nice try, Big Allium) and Bicycle Day, the

Lyft has signed an agreement to acquire PBSC Urban Solutions, a Canadian supplier for bikeshare equipment and technology, in a move that the company says will double its scale in micromobility. The ride-hailing company is on a mission to increase its micromobility footprint. Last month, Lyft partne

We speak with about 200 private companies every quarter, and the vast majority of our conversations over the last three months have revolved around one question: What am I worth now? Many private companies are faced with lower valuations — a down round or secondary trading at lower levels — esp

In line with its April 13 announcement that it's making a “big push” into software, Brex has acquired Y Combinator-backed Pry Financials for $90 million, the company told technewss exclusively. Founded in 2019, San Francisco-based financial planning software startup Pry raised $4.2 million

Playbook, a startup that describes itself as a “creative file manager for designers” where “Pinterest meets Dropbox,” has raised $18 million in a Series A funding round led by Bain Capital Ventures. CEO Jessica Ko was inspired to start the company after her experiences as a designer at Goog

In an expected move, European music streaming company Deezer announced plans yesterday to go public via a French SPAC. The deal values the company at a pre-money equity valuation of €1.05 billion and at €1.08 billion in enterprise value terms. Notably, those prices are similar to those at which

I've got to admit, the respective pedigrees of Glacier's founders are a bit unexpected for a recycling robotics company. Areeb Malik used to be a software engineer at Facebook, and Rebecca Hu worked at Bain and Company. “Whe working at Bain, I found myself developing dual interests in

The autonomous vehicle industry is dominated by talk of robotaxis, self-driving trucks, sidewalk delivery robots and passenger vehicles like Teslas with automated driving functions. You know, the sexy side of autonomy. Not much attention has been paid to the type of autonomy Steer Tech, a Maryland-

It’s a story as old as time: Pull CO2 out of the air, wave your magic chemistry stick at it and bottle it as vodka and perfume. The planet wins carbon sequestration points, and you can stumble home at the end of a night reeking of self-congratulatory smugness and anyone who kisses you that ni

Conductive Ventures raised a $200 million Fund III to continue its focus on investing in founders where other venture capital firms did not see the potential. You might remember our profile of the firm back in 2018 when it officially launched with a $100 million enterprise fund. Carey Lai and Paul

Planetary, a Geneva, Switzerland-based food tech company, is tapping into a new $8 million cash infusion to construct an industrial-scale production facility so that its customers leveraging fermentation technology can create and scale their alternative proteins quicker. The seed round was led by A

While the digital asset industry has brought in some skeptics over the past couple years, investors are hoping that crypto startups can push traditional firms into blockchain infrastructure. BlockApps has raised $41 million in a new funding round to continue its expansion into the enterprise blockc

The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. Banking-as-a-service (BaaS) products like Synapse, Unit and Bond have helped fuel the shift by allowing companies to quickly spin up new financial services using APIs. NovoPa

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. This report also states that a number of car owners holding genuine insurance policies also fail to renew t