Sometimes raising venture capital can be as simple as talking to your existing investor and having them wire over another check. When we last caught up with Petal in January 2019, the startup was hot off its $30 million Series B round and was accelerating its mission to take on the world of credit cards. […] …Continue Reading

Leonardo DiCaprio is making a significant commitment to the Los Angeles-based investment firm, Struck Capital, as part of the actor’s commitment to building LA into a tech development powerhouse. It’s part of what Struck Capital founder Adam Struck called a vision of making Los Angeles “a leading hub for innovation to save the world.” Struck […] …Continue Reading

Syfe, a Singapore-based startup that wants to make investing more accessible in Asia, announced today that it has closed a SGD $25.2 million (USD $18.6 million) Series A led by Valar Ventures, a fintech-focused investment firm. The round also included participation from Presight Capital and returning investor Unbound, which led Syfe’s seed funding last year. […] …Continue Reading

Well, that was fast. This morning, I analyzed Palantir’s newly published fifth amendment of its S-1 filing with the SEC as it pursues a public direct listing on the NYSE. I called the company “not a democracy” after it added new provisions to create a special mechanism called “Stockholder Party Excluded Shares” that would, in […] …Continue Reading

Marco Financial, a new Miami-based startup, is looking to take a piece of the roughly $350 billion trade finance market for Latin American exporters with its novel factoring services business.  Small and medium-sized businesses in Latin America can have trouble getting the financing they need to launch export operations to the U.S. and Marco said […] …Continue Reading

SPACs are going to rule the world, or at least, Chamath’s future portfolio. Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check” vehicle that takes private companies and flips them onto the public markets. His first SPAC bought Virgin Galactic last year, and his second SPAC bought […] …Continue Reading

For a company vaunted for its clandestine government work and strong engineering culture, you can’t help but wonder if the government’s bureaucratic norms and paperwork pushing are starting to flood into the Shire. When most companies go public, they file a Form S-1 with the SEC, wait a few weeks through the investor road show, […] …Continue Reading

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again—according to CEO Mitchell Elegbe—who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder didn’t offer much new on the Lagos-based firm’s expected IPO, but he did reveal Interswitch will revive investments in African startups. Founded by Elegbe in 2002, Interswitch pioneered the […] …Continue Reading

If you listed the trends that have captured the attention of 20 Warsaw-focused investors who replied to our recent surveys, automation/AI, enterprise SaaS, cleantech, health, remote work and the sharing economy would top the list. These VCs said they are seeking opportunities in the “digital twin” space, proptech and expanded blockchain tokenization inside industries. Investors […] …Continue Reading

After 17 years, Palantir is getting closer and closer to its public debut later this month. We’ve been covering different facets of the company’s direct listing process, including concerns about its governance and how insiders are accelerating the sale of their shares as the public markets date looms closer. Now, we have several major updates […] …Continue Reading

GoodRx is a rare breed of modern tech IPO: a startup that is actually profitable and heading to the public markets. The consumer service offers coupons on prescriptions redeemable at pharmacies that can save customers significant money on their monthly drug prices. The company filed an amended S-1 with the SEC this morning, and that […] …Continue Reading

Even as more than 150 million people are using digital payment apps each month in India, only about 20 million of them invest in mutual funds and stocks. A startup that is attempting to change that by courting millennials has just received a big backing. Bangalore-headquartered Groww said on Thursday it had raised $30 million […] …Continue Reading

When we leaked Palantir’s S-1 IPO filing a week and a half ago, one of the more bizarre components that came out of that document was the company’s corporate governance. In a unique three-class voting structure, Palantir founders Alex Karp, Stephen Cohen, and Peter Thiel will be given a special “Class F” share that will […] …Continue Reading

A few weeks back, TechCrunch wrote about how Ramp, a corporate credit card startup with a focus on cost control, had added expense management software on top of its company plastic business. Closing out our piece, I wondered if “cards aren’t de facto commoditized by this point,” given the sheer number of companies that are […] …Continue Reading

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe. Our survey of VCs in Madrid & Barcelona will capture how the cities are faring, and what changes are being wrought amongst investors by the coronavirus pandemic. We’d like to know how your city’s startup scene is evolving, how […] …Continue Reading

Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman, Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering. The SPAC was formed by Hoffman, Pincus and Thompson, formerly of BHR Capital, with the intention of […] …Continue Reading

PayPal today introduced a new installment credit option for PayPal users called “Pay in 4.” The name itself explains what the service offers — basically, it’s the ability for customers to pay for purchases, interest-free, over four separate payments. The service is an expansion on PayPal’s existing lineup of Pay Later solutions, which also includes […] …Continue Reading

Filled with innovation labs, co-working spaces and students, Boston has a ton of entrepreneurial characteristics baked into its DNA. However, when the coronavirus swept through the country, the area’s startup scene was stress-tested as badly as other entrepreneurial hubs. Could Boston’s startups still thrive without the city’s robust in-person ecosystems?  Last month, we answered this […] …Continue Reading