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As Amazon’s Marketplace continues to grow and mature, a new opportunity has emerged in the world of e-commerce for a new breed of startups to consolidate the most promising of the smaller businesses that sell via Amazon’s platform, and build out their own economies of scale within that

Portuguese VC Faber has hit the first close of its Faber Tech II fund at €20.5 million ($24.3 million). The fund will focus on early-stage data-driven startups starting from Southern Europe and the Iberian peninsula, with the aim of reaching a final close of €30 million in the coming months. Th

Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40 million / $47 million mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around the world (plus many Greek founders). It p

"">African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghana

Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company's financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapid

Apple is making a big shift in App Store fees, Duolingo raises more funding and Pfizer releases updated vaccine results. This is your Daily Crunch for November 18, 2020. The big story: Apple cuts App Store fees Apple is cutting the 30% fee it normally charges for App Store transacti

General Motors is launching an insurance service, returning to a business that it abandoned more than a decade ago, but this time more in step with the connected-car era. The service, called OnStar Insurance, will offer bundled auto, home and renters’ insurance, starting this year with GM emp

A new Mac-optimized fork of machine learning environment TensorFlow posts some major performance increases. Although a big part of that is that until now the GPU wasn’t used for training tasks (!), M1-based devices see even further gains, suggesting a spate of popular workflow optimizations l

Call it a holiday miracle. Apple today announced that animated holiday classics “A Charlie Brown Thanksgiving” and “A Charlie Brown Christmas” will, indeed, be appearing on television this year. The news comes after some pushback against an Apple TV+ exclusive that found the Peanuts cartoon

At CES back in January, I met with a handful of founders who were/are crowdfunding musical instruments. It's a fascinating category and one to watch if you have a passing interest in either music or technology. Like a vast majority of hardware startups, most companies in the space will build on

In retrospect, 2019 feels like the working world's last dance with spontaneity. The pre-pandemic past is rife with conferences, running into co-workers and post-work happy hours. Now, as companies such as Microsoft and Twitter declare remote work as the future, the very existence of physical of

Apple is making a change to how app shortcuts work in the next release of the iOS 14 operating system. In iOS 14.3 beta 2, the Shortcuts app will now no longer open when you tap on an app shortcut on your iPhone’s home screen. That means users who have created custom icons for their favorite

Apple has agreed to pay $113 million to 34 states and the District of Columbia to settle allegations that it broke consumer protection laws when it systematically downplayed widespread iPhone battery problems in 2016. This is in addition to the half billion the company already paid to consumers ove

One of the jobs for which robots are best suited is the tedious, repetitive “pick and place” task common in warehouses — but humans are still much better at it. UC Berkeley researchers are picking up the pace with a pair of machine learning models that work together to let a robot arm