Hyundai completes deal for controlling interest in Boston Dynamics

Mon, 21 Jun 2021 13:32:01 +0000
Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details. The South Korean automotive giant now owns a controlling interest in Boston Dynamics, previously belonging to SoftBank. The […]
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Music licensing marketplace Songtradr raises $50M

Mon, 21 Jun 2021 13:00:43 +0000
Music licensing marketplace Songtradr this morning announced a $50 million Series D. The oversubscribed round – which features Regal, Aware Super, Perennial, Argo and Greencape – follows a $30 million raise last August, bringing the Los Angeles company’s total funding to north of $100 million. The platform licenses music to high profile names for advertising, […]
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Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

Mon, 21 Jun 2021 13:00:28 +0000
Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020. Kredivo is operated by Singapore-based fintech FinAccel. This is the largest loan facility […]
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WaitWhat raises $12M to double down on what comes after podcasts

Mon, 21 Jun 2021 12:46:18 +0000
As podcasting continues to gain ground among mainstream consumers as a digital media platform alongside music, video, and the printed word, a startup that made a name for itself through building content for the medium has closed a round of funding to help it explore what comes next. WaitWhat, co-founded by two of the people […]
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Ban biometric surveillance in public to safeguard rights, urge EU bodies

Mon, 21 Jun 2021 12:33:07 +0000
There have been further calls from EU institutions to outlaw biometric surveillance in public. In a joint opinion published today, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS), Wojciech Wiewiórowski, have called for draft EU regulations on the use of artificial intelligence technologies to go further than the Commission’s proposal […]
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The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future

Mon, 21 Jun 2021 12:00:47 +0000
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to […]
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DataRails books $25M more to build better financial reporting tools for SMBs

Mon, 21 Jun 2021 11:35:27 +0000
As enterprise startups continue to target interesting gaps in the market, we’re seeing increasingly sophisticated tools getting built for small and medium businesses — traditionally a tricky segment to sell to, too small for large enterprise tools, and too advanced in their needs for consumer products. In the latest development of that trend, an Israeli […]
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Revolut revenue grew by 57% in 2020

Mon, 21 Jun 2021 11:17:54 +0000
Fintech startup Revolut has filed some financial results and is sharing details with the press. In 2020, the company reported $361 million in revenue (£261 million) — that’s a 57% increase compared to 2019 revenue of $229 million (£166 million). Interestingly, those revenue figures have been adjusted to include fair value gains on cryptocurrency assets […]
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Facebook officially launches Live Audio Rooms and podcasts in the U.S.

Mon, 21 Jun 2021 11:00:02 +0000
In April, Facebook announced a series of planned investments in new audio products, including a Clubhouse live audio competitor as well as new support for podcasts. Today, Facebook is officially rolling these products with the launch of Live Audio Rooms in the U.S. on iOS, starting with public figures and select Facebook Groups, and the […]
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Apple’s App Store to face scrutiny in Germany as FCO opens ‘market power’ proceeding

Mon, 21 Jun 2021 10:45:07 +0000
Germany’s competition authority, the FCO, has completed its Big Tech GAFA ‘bingo’ card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the iPhone maker meets the threshold of Germany’s updated competition law. The 10th amendment […]
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Vietnamese financial services app MFast gets $1.5M pre-Series A led by Do Ventures

Mon, 21 Jun 2021 07:51:49 +0000
MFast, a mobile app that lets Vietnamese users in remote areas access financial services, announced today it has raised a $1.5 million pre-Series A. The round was led by Do Ventures, with participation from JAFCO Asia.  Launched in 2019 by fintech company Digipay, MFast says it has been used by 600,000 people to date. It […]
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GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent

Mon, 21 Jun 2021 07:42:34 +0000
Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. Today GrowSari, a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total […]
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Crypto finance startup Amber Group raises $100M at $1B valuation

Sun, 20 Jun 2021 22:00:09 +0000
More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major cryptocurrencies. Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money […]
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Dollars, deals and the importance of nondilutive capital

Sat, 19 Jun 2021 18:00:48 +0000
Today, on Juneteenth, we recognize the efforts this nation still needs to put toward addressing structural racism and disparities, including in the world of tech. This week, HBCUvc, a nonprofit that aims to diversify the world of venture capital, launched a million-dollar fund. Founder Hadiyah Mujhid told me that the capital would provide nondilutive financing […]
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This Week in Apps: Spotify debuts a Clubhouse rival, Facebook tests Audio Rooms in US, Amazon cuts Appstore commissions

Sat, 19 Jun 2021 15:00:09 +0000
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices […]
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Investors say Eindhoven poised to become Netherlands’ No. 2 tech hub

Sat, 19 Jun 2021 06:52:10 +0000
Our survey respondents said Eindhoven might not immediately spring to mind as a high-tech hub, but the Netherlands city is keen to position itself as a center for deep tech in Europe.
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Daily Crunch: Spotify and Ford make acquisitions

Fri, 18 Jun 2021 22:10:45 +0000
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
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Extra Crunch roundup: influencer marketing 101, spotting future unicorns, Apple AirTags teardown

Fri, 18 Jun 2021 21:14:33 +0000
We're off today to celebrate the Juneteenth holiday in the United States. I hope you have a safe and relaxing weekend.
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Perspectives on tackling Big Tech’s market power

Fri, 18 Jun 2021 17:56:54 +0000
The need for markets-focused competition watchdogs and consumer-centric privacy regulators to think outside their respective ‘legal silos’ and find creative ways to work together to tackle the challenge of big tech market power was the impetus for a couple of fascinating panel discussions organized by the Centre for Economic Policy Research (CEPR), which were livestreamed […]
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Mediflash is a freelancer marketplace for health professionals

Fri, 18 Jun 2021 15:31:12 +0000
Meet Mediflash, a new French startup that wants to improve temp staffing in healthcare facilities, such as nursing homes, clinics and mental health facilities. The company positions itself as an alternative to traditional temp staffing agencies. They claim to offer better terms for both caregivers and institutions. “It costs a small fortune to health facilities […]
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