To fill funding gaps, VCs boost efforts to find India’s standout early-stage startups

After demonstrating scale, growth and financial improvement, one founder of a two-year-old agritech startup based in India told me that he’s now confronting a new challenge: Unlike his peers in edtech, fintech or e-commerce, there are very few investors he could approach for raising funds, he

Why startups are going public now

After all those years of startups not going public, 2020 is a little bit different. It feels like more companies are filing, and more companies are seeing their debuts through. We’re even seeing direct listings and SPAC-led deals, along with a trove of traditional IPOs. Data backs up how we f

Nivelo nabs $2.5M seed to reduce risk in digital ACH payments

As we plunge deeper into the pandemic, online transactions have become increasingly important, and ACH transactions, the ones that help us get direct deposit of our paychecks or pay our bills, are growing ever more essential. Nivelo, an early-stage startup from a former JP Morgan executive, wants t

Google is providing cash awards to 76 startups through a racial equity initiative announced in June

Amid months of protest this summer, as more of the world began to awaken to the many ways that people of color are systemically discriminated against, a wide number of companies announced initiatives aimed at improving the representation of underrepresented groups within their own ranks and as reci

Top five mobility startups to showcase at TC Sessions: Mobility 2020

Last night, 10 disruptive mobility companies pitched on the virtual technewss stage for a spot at TC Sessions: Mobility 2020. Each company pitched for one minute followed by a Q&A with our expert panel of judges — Shahin Farshchi (Lux Capital), Natalia Quintero (Transit Tech Lab) and Rac

Envoy launches Protect to help workers return to the office safely

No matter the industry, the coronavirus pandemic has absolutely rocked the way that we work. Work from home is the new norm. But many are anxious to get back into the office, and startups are looking to help with that transition in the safest way possible. One such startup is Envoy, a company that

Remotion raises $13M to create a workplace video platform for short, spontaneous conversations

One of the broader trends of the pandemic has been the unbundling of Zoom, with startups pulling out a feature or two and designing entire products centered around a specific vision of remote work. One of the more tempting product ideas has been the development of the omnipresent always-on video wo

Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority

Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned to invest just as much capital in Mukesh Ambani’s other venture. Reliance Retail, India’s largest retail chain, said on Tuesday that it is selling a 1.2% sta

Tokyo-based virtual reality game developer Thirdverse gets $8.5 million Series A

Thirdverse, the virtual reality game developer behind “Swords of Gargantua,” has raised $8.5 million in Series A funding. The round was led by JAFCO, with participation from Presence Capital, Sisu Ventures and Incubate Fund, and will be used for hiring, co-founder Masaru Ohnogi told Tec

Dialpad raises $100M Series E at a $1.2B valuation

Dialpad, the business-centric voice, video and contact-center service, today announced that it has raised a $100 mlion Series E funding round led by OMERS Growth Equity. Andreessen Horowitz, Google Ventures, ICONIQ Capital and Work-Bench also participated. The company says its valuation is over $1.

Cryptocurrency wallet BRD reaches 6 million users, driven by growth in Latin America and India

Mobile cryptocurrency wallet BRD announced today that it now has more than six million users worldwide, thanks to strong growth in India and Latin America. With this momentum, the company expects to reach 10 million users by early 2021. Founded in 2015, Zurich-based BRD also said it now adds about

Months-old Uni raises $18.5 million seed round to expand India’s credit card market

The credit card industry in India appears to be stuck. According to industry estimates, between 30 million to 35 million people in the country today have at least one credit card, with up to 58 million being in circulation. Compare this to almost 1 billion debit cards. One reason the vast majority

Ocean Solutions Accelerator’s third wave tackles a new set of aquatic challenges

The Sustainable Ocean Alliance and its Ocean Solutions Accelerator take on the problems facing our planet’s waters, and the latest cohort of companies in the latter show a fresh slate of issues to address and resources to utilize. From reef rehabilitation to a “Fitbit for fishing boats,

Quantum photonics startup Nu Quantum raises £2.1M from Amadeus Capital Partners

For quantum cryptography and simulation to become real, the technology requires high-performance light-emitting and light-detecting components that operate at the single-photon level and at ambient temperature. One of the few companies operating in this rarified arena is Nu Quantum. The quantum pho