Language learning startup Toucan raises $4.5M

Toucan, a startup that helps users learn a new language while they browse the web, is announcing that it has raised an additional $4.5 million in seed funding. As I wrote last fall, the Santa Monica, California-based startup has built a Chrome extension that scans the text of whatever website you&#

Social networking app for women, Peanut, adds live audio rooms

Mobile social networking app for women, Peanut, is today becoming the latest tech company to integrate audio into its product following the success of Clubhouse. Peanut, which began with a focus on motherhood, has expanded over the years to support women through all life stages, including pregnancy

Mailchimp moves into e-commerce

Over the course of the last few years, Mailchimp morphed from a basic newsletter platform to a fully fledged marketing company. And while the service already offered integrations with a number of e-commerce sites, it is now launching its own online stores for small and medium businesses, as well as

SaaS subscriptions may be short-serving your customers

Like all business operators and investors, I value recurring revenue. From my time as president and CFO of Shutterstock and in many other positions over the last 15 years, I have seen just how powerful a pitch-perfect subscription model can be for scaling quickly and responsibly. However, software

Ushopal looks to charm China’s beauty lovers with niche Western brands

What will China’s answer to Estée Lauder look like in the digital age? According to Ushopal, it will provide a seamless online and offline shopping experience, where China’s savvy beauty shoppers get to discover niche, tasteful brands and learn their stories. Ushopal wa

Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B

Greenlight, the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion. The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion v

Instreamatic, which inserts interactive voice ads into audio streams, raises $6.1M Series A round

Interactive voice advertising startup Instreamatic, which can insert interactive voice ads into an audio stream, has raised $6.1 million in a Series A funding led by Progress Ventures, joined by Accomplice and Google Assistant Investments. SF-HQ’d Instreamatic lets brands that advertise throu

The UK’s plan to tackle Big Tech won’t be one-size fits all

The director of a new unit set up this month inside the UK’s competition watchdog — with a dedicated focus on tech giants’ impacts on digital markets — has been giving a hint of how it could operate, once it’s on a statutory footing and imbued with powers to sanction p

Brazil’s Positive Ventures closes on $10M fund for impact investing

Positive Ventures, a São Paulo-based venture firm, has secured $10 million for its latest fund. Positive Ventures has raised the capital from an impressive list of LPs, including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chai

With Workfront, Adobe combines automated workflow with customer experience

Five months ago, Adobe purchased (for $1.5 billion) Workfront, a company that helps build marketing department workflows. Today the company is officially announcing how it intends to use it. As marketing executives try to balance mapping strategy to the creative process while building customized ex

Family tracking app Life360 to acquire wearable location device Jiobit for $37M

Popular family tracking app Life360 is investing in hardware. The company this morning announced the $37 million acquisition of Chicago-based Jiobit, the maker of a wearable location device designed for use by families with younger children, pets or seniors. The $37 million is primarily in stock an

Adobe launches a new, simplified digital asset manager

Adobe today announced the launch of a new asset management tool, Adobe Experience Manager Assets Essentials. That’s a mouthful, but while the company didn’t necessarily simplify the name, the idea here is to give teams that work with lots of digital assets an easier-to-use management ex

Teen banking service Step raises $100M Series C, announces Steph Curry’s investment

Step, the digital banking service aimed at teens and endorsed by TikTok star Charli D’Amelio, announced this morning the close of a $100 million round of Series C funding after growing to more than 1.5 million users just six months after launch. The new round, led by General Catalyst, comes s

Amazon announces new Fire tablets and kids editions

There’s a bunch of tablet news coming from Amazon this morning. Leading the way is the release of two new 10-inch devices: the Fire HD 10 and Fire HD 10 Plus. The former features a 1080p display with a bump in brightness, an unnamed eight-core processor and 3GB of RAM — a 50% jump over