Supply chain-focused insurtech startup BondAval lands $7M from Octopus Ventures
For independent retailers, inventory financing is often a complicated and lengthy process that ties up their working capital. BondAval, an insurtech startup with offices in London and Austin, Texas, is focused on helping them access better credit terms while providing assurance to suppliers that th
Frozen coffee startup Cometeer raises $35M Series B and launches its product in earnest
Gloucester, Massachusetts-based Cometeer has been around for nine years. In that time, the company has built up a mad scientist’s lair worth of coffee scientists, equipment and processes to jolt some fresh life into the industry. Based out of a former frozen seafood facility, the company has
Singapore-based Geniebook's personalized learning platform raises $16.6M Series A
Founded in 2017, Geniebook is a Singapore-based learning platform that uses a combination of machine learning and human teachers to personalize each student's education. The company announced today it has raised $16.6 million in Series A funding led by East Ventures and Lightspeed Venture Partn
Primer raises $50M at a $425M valuation for a framework designed to help merchants build more powerful payment flows
Primer — a U.K. startup that has built a drag-and-drop framework to help merchants easily build payment stacks to sell online — has seen rapid take-up of its services in the 20 months since it launched. Now the company is announcing a Series B of $50 million at a $425 million valuation
Maritime recruitment platform Seafair gets $5.7M led by General Catalyst
The people who work on shipping vessels are vital to world trade, but they still experience a lot of arcane hiring processes. Many lack transparency about important things like pay or even the working conditions of the ships they will spend months on. Maritime recruitment platform Seafair was creat
For second time, Lime announces adjusted EBITDA-profitable quarter
Shared micromobility operator Lime is on track for third quarter adjusted EBITDA profitability, marking this as the second profitable quarter in the company’s history, according to CEO Wayne Ting. During the Wall Street Journal Tech Live event, Ting said COVID has turned from a “headwin
Facebook tests a new option for cross-posting your Facebook feed posts to Instagram
Facebook already allows users to cross-post their Instagram Stories and Reels to Facebook. Now it’s testing a new feature that would see posts flowing in the other direction, too. The company recently rolled out an option that allows users to cross-post their Facebook updates that include pho
Ford invests $316M to build electric power units at UK transmission facility
Ford Motor Company is investing $316 million (£230 million) to transform its Halewood, U.K. vehicle transmission facility into an electric power unit plant, making it Ford’s first EV component in-house assembly site in Europe.
The investment is subject to and includes about $42 million (£30
Max Q: Steve Wozniak and Alex Fielding want to map space junk
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Daily Crunch: New M1 chips, MacBook Pros and more debut at Apple’s 'Unleashed' event
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Hello and welcome to Daily Crunch for October 18, 2021. Yes, it was an Apple event day, so we have a pile of coverage for you to enjoy down below. But we also hav
Aiven snags $60M investment on $2B valuation, up from $800M in March
Aiven, a Finnish startup that helps companies combine various open source technologies with public cloud infrastructure resources, announced a $60 million investment on a $2 billion valuation today. The news follows a $100 million investment in March at an $800 million valuation, a hefty increase i
Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK
Another big infusion of cash from a major investor is making its way to a fintech out of the U.K. on the heels of strong growth. Today Zopa — a neobank with some 500,000 users in the U.K. where it provides peer-to-peer lending, savings accounts, credit cards and other services — has rai
Deep tech startups in need of funding should consider federal grants
Our team of researchers started CoCoPIE to solve the chip shortage crisis. We're a group of Ph.D.s who aim to power next-generation technology without the need for expensive hardware that takes billions of dollars to develop and years to deploy. We needed a way to bring our idea into action.
Fo
Alaska Airlines launches new venture arm, with first investment in UP.Partners' $230M fund
Alaska Airlines has become the latest major airline to enter corporate investing with the launch of a new venture capital arm, dubbed Alaska Star Ventures, as the aviation industry looks to emerging technologies to help decarbonize air travel.
Alaska Star Ventures' first investment, to the tune