Daily Crunch: Twitter backpedals on CEO's promise, permanently bans user who tracked his private jet

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and happy Wednesday! As I write this, I am also enjoying a virtual “holiyay” celebration with my fellow technewssers. Haje is leaving on a jet plane,

Frustration and anger after SPV platform Assure dumps users at the curb ahead of holidays

Over the last decade or so, the once-clubby world of startup investing has been cracked wide open by a number of innovations, including special purpose vehicles (SPVs), which are essentially pop-up venture funds that come together quickly with monies from all kinds of accredited investors — f

Poppi raises a can to fresh capital to support its functional beverage growth

Consumer tastes are always shifting, but while traditional soft drink giants continue to dominate in the beverage space, many smaller players are finding success in developing soft drink-like offerings that also have a healthier function. Some venture capitalists say most beverage companies won'

Beni is creating an 'easy button' for secondhand shopping

Re-commerce, also known as circular, secondhand or resale, is becoming a big industry — projected to be a $245 billion market by 2025 — driven in large part by consumer behavior shifts to looking for deals and more sustainable options. Some companies, like Archive, are tackling this from a comp

Pack delivers with headless commerce approach to faster online shopping

Consumers are all about being able to make purchases fast and easy, but some merchants don't have the engineering or product teams to code for all of that. This is where Pack comes in. The San Diego–based company does most of the coding for merchants and delivers it via a front-end headless c

Proposed legislation would force US higher education endowments to reveal where they invest

In January, Missouri Representative Emanuel Cleaver will introduce the Endowment Transparency Act into Congress, a move that could, frankly, change everything. Cleaver's proposed legislation seeks to amend the Higher Education Act of 1965 to require universities and colleges to share informatio

Women are rising through the ranks at VC firms, new survey shows

The next generation of women venture capitalists are rising through the leadership ranks — though there are some caveats to consider. A new survey looking at compensation for women in the venture industry this year found a higher concentration of women in lower-level firm positions than last year

Black Sheep Foods grabs $12.3M to craft tastier plant-based meats

Black Sheep Foods, a San Francisco–based food tech company that uses plants to create a similar flavor to animal meat, secured another funding round, this time $12.3 million in Series A capital. The company is leaping over the traditional plant-based foods, like beef, chicken and pork, to focus o

A healthcare brand for women begins to take shape

Until last year, healthcare funding continued to shatter previous records. But there remains at least one very big hole in the industry. No one has yet created a broad, leading women’s healthcare brand, and that spells opportunity. Dina Radenkovic is among those who see it, and at her company

Thoma Bravo adds record $32B in new capital to fuel buyout funds

There has been widespread speculation that investors are sitting on substantial amounts of money for investing in startups and for acquisitions, depending on the firm’s goals. Today, private equity firm Thoma Bravo announced that it has raised a record $32.4 billion to be spread across three

MarginEdge lands $45M to give restaurants real-time spend data

The global pandemic was tough on the restaurant industry, one that was already slow to adopt technology but then also had to quickly learn how to manage the back office and online orders or risk going out of business. As the global restaurant management software market is forecasted to reach $14.7

Atomico report: European startups on track to raise $85B this year, down from $100B+ in 2021

Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 when funding passed $100 billion, according to a new report published today. The figures come from London VC firm Atomico’s annual State of European Tech, which has become a bel

India’s Blume Ventures more than doubles in size, raises over $250 million for new fund

Indian venture firm Blume has raised morfe than $250 million for a new fund, its fourth and largest, as it looks to get more aggressive in courting early-stage startups and going deeper into supporting its portfolio firms at a time when the deal flow activity in the South Asian market has taken a h

A data-driven duo just raised roughly $350M to fund seed-stage startups with metrics

Nnamdi Okike and Aaron Holiday trust data over the kind of pattern matching that most VCs swear by. It’s not surprising, given their backgrounds. Before launching their venture firm, 645 Ventures, in 2014, Okike was a principal with the data-driven investment giant Insight Partners. Meanwhile