More tickets available to the 14th Annual TechCrunch Summer Party


This post is by Emma Comeau from TechCrunch


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Get ready for summer in the city, TechCrunch -style. We just released a fresh batch of tickets to the 14th Annual TechCrunch Summer Party. Available on a first-come, first-served basis, tickets to our popular event sell out quickly, and they’ll be gone before you know it. Don’t wait — buy your ticket today.

Join us for TechCrunch’s fabulous summer fete at Park Chalet — San Francisco’s coastal beer garden — where you can enjoy ocean views, refreshing drinks and delicious appetizers. It’s a wonderful way to relax and celebrate the entrepreneurial spirit with more than 1,000 members of the startup community.

It’s also a wonderful way to meet your next investor, co-founder or — who knows? You’ll find startup magic in between the drinks, the games, the food and the fun. Opportunity happens at TechCrunch parties.

Check out the party particulars:

Meet Hatch Baby’s portable, WiFi-enabled sleep device Rest+


This post is by Sarah Buhr from TechCrunch


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Menlo Park-based Hatch Baby has prided itself on introducing “smart” nursery devices — including Grow, a changing pad with a built-in scale and Rest, a device doubling as a sound machine and night light.

Now, the company is introducing an updated version of Rest with Rest+ as part of an effort to help further establish Hatch Baby in the family sleep space.

The Rest+ device will still have the sound machine, night light and a “time to rise” feature found in the original. But, with feedback from many customers and Amazon reviews, Hatch Baby has now included the addition of an audio monitor and a clock.

The audio monitor is essential for letting parents check in on baby while they sleep without going into the room and potentially waking the baby up.

The clock is also a fantastic addition, in my opinion, especially for those with toddlers who can read

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Demo your early-stage startup at the TechCrunch Summer Party


This post is by Emma Comeau from TechCrunch


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Nothing says summer in Silicon Valley better than the TechCrunch Summer Party. In its 14th year, we’re celebrating the startup spirit and culture at the Park Chalet, San Francisco’s coastal beer garden, on July 25. Who doesn’t love ocean views?

And nothing says relaxed networking in Silicon Valley more than showcasing your early-stage startup at our summer soiree. It’s a great opportunity to demo your business and place your face in front of influential people in a convivial atmosphere. Each demo table includes four summer party tickets — bring your whole crew. There’s a limited number of tables available, so book your startup demo package now.

Experience world-class networking and still have time to enjoy the venue, drink craft beer, sip a signature a cocktail or two and nosh on yummy appetizers. Maybe it’s the relaxed setting, the shared camaraderie or maybe it’s the libations — who can say

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The future of car ownership: Building an online dealership


This post is by Matt Burns from TechCrunch


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Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot.

For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car buying. It’s clear these startups are the underdog in this fight. Most consumers buy cars the same way as their grandparents did and for good reason. Dealerships nationwide fought for years to enact laws and regulations that protect their businesses.

Several young companies are attempting to put the dealership online. Companies like Carvana, Shift, Vroom and Joydrive are putting the entire car buying process online, allowing customers to buy, trade-in and even test drive vehicles without talking to a salesman in an oversized golf pullover.

In the next part of this series, we’ll look at

Continue reading “The future of car ownership: Building an online dealership”

The future of car ownership: Building an online dealership


This post is by Matt Burns from TechCrunch


Click here to view on the original site: Original Post




Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot.

For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car buying. It’s clear these startups are the underdog in this fight. Most consumers buy cars the same way as their grandparents did and for good reason. Dealerships nationwide fought for years to enact laws and regulations that protect their businesses.

Several young companies are attempting to put the dealership online. Companies like Carvana, Shift, Vroom and Joydrive are putting the entire car buying process online, allowing customers to buy, trade-in and even test drive vehicles without talking to a salesman in an oversized golf pullover.

In the next part of this series, we’ll look at

Continue reading “The future of car ownership: Building an online dealership”

Get your tickets to the TechCrunch 14th Annual Summer Party


This post is by Emma Comeau from TechCrunch


Click here to view on the original site: Original Post




Hey startuppers, it’s time to save the date and get your ticket to the best Silicon Valley soiree of the season. This year marks the 14th return of the TechCrunch Summer Party — a time to relax, connect and imbibe with your startup siblings.

We’re excited to announce that we’re hosting more than 1,000 guests at the beautiful Park Chalet, San Francisco’s coastal beer garden. Come out, kick back, grab a drink and enjoy a variety of tasty bites, while enjoying the park views. We’re also excited to announce our VC firm partners for the event: August Capital, Battery Ventures, and Uncork Capital.

Tickets to this popular event will go fast, which means get them while you can! Tickets are available on a rolling basis, so if you miss out on this batch, don’t despair. Simply sign up here and we’ll let you know when the

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Fitness startup Mirror nears $300M valuation with fresh funding


This post is by Kate Clark from TechCrunch


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Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following.

That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment.

Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; we’ve heard a number of high-profile firms looked at Mirror’s books and passed. The company has previously raised a total of $38 million from Spark Capital, First Round Capital, Lerer

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Uber’s flying taxi director of engineering is joining us at TC Sessions: Mobility


This post is by Megan Rose Dickey from TechCrunch


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If Uber gets its way, flying taxis will be coming our way in the next couple of years. The company plans to launch trials as early as 2020.

Mark Moore, Uber’s engineering director for Elevate, is one of the people tasked with making sure that happens. Moore joined the company back in 2017 from a 32-year-long career at NASA. At TechCrunch Sessions: Mobility, we’ll chat with Moore about how he’s bringing electric vertical takeoff and landing vehicles from a concept to reality in urban environments.

Uber Elevate is Uber’s all-encompassing term for its initiative to launch uberAIR, which is its aerial electric ride-hailing service, as well as any other initiatives (think food delivery) that may benefit from air transport. Once Uber’s vision is fully implemented, the service will be autonomous, and cheaper than the cost of owning a car, on a per-passenger, per-mile basis, the company says.

Initially,

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Less than 1 year after launching its corporate card for startups, Brex eyes $2B valuation


This post is by Kate Clark from TechCrunch


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Brex, the fintech business that’s taken the startup world by storm with its sought after corporate card tailored for entrepreneurs, is raising millions in Series D funding less than a year after it launched, TechCrunch has learned.

Bloomberg reports Brex is raising at a $2 billion valuation, though sources tell TechCrunch the company is still in negotiations with both new and existing investors. Brex didn’t immediately respond to requests for comment.

Kleiner Perkins is leading the round via former general partner Mood Rowghani, who left the storied venture capital fund last year to form Bond alongside Mary Meeker and Noah Knauf. As we’ve previously reported, the Bond crew is still in the process of allocating capital out of Kleiner’s billion-dollar Digital Growth Fund III.

Bond, which recently closed on $1.25 billion for its debut effort and made its first investment, is not participating in the round

Continue reading “Less than 1 year after launching its corporate card for startups, Brex eyes $2B valuation”

Startups Weekly: VCs are drunk on beverage startups


This post is by Kate Clark from TechCrunch


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Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets.

This week, I want to share some thoughts — questions, rather — on beverages. Just as my inbox has been full of cannabis-related pitches, it’s also been packed with descriptions of new…drinks. Perhaps the most noted so far is Liquid Death, canned water for the punk rock crowd, because why not? Liquid Death has attracted nearly $2 million in funding from angel investors like Away co-founder Jen Rubio and

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How to avoid an IPO


This post is by Kate Clark from TechCrunch


Click here to view on the original site: Original Post




Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

We’re back to our old, weekly cadence. Which is all well and good, but after a run of doubling up episodes to keep up with the news cycle, showing up just every seven days nearly feels like vacation. But hey, we’re here for you (you follow us both on Twitter, right?).

There was a lot to go over, so please enjoy the following:

An IPO update: First up we checked in on our favorite children, the recently public. Uber and Lyft are still down. Fastly is still far up while Luckin Coffee is losing air like a pinched balloon. Also, Slack has a new ticker symbol, and we have thoughts about it.

Changes at YC: In case you hadn’t heard, YC has a brand new president by the

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Reserve your demo table for TC Sessions: Mobility 2019


This post is by Emma Comeau from TechCrunch


Click here to view on the original site: Original Post




Early-stage startup ingenuity is one of the driving forces shaping the rapid, radical changes taking place in mobility and transportation. Come July 10, TechCrunch will host more than 1,000 movers, shakers and makers in San Jose for TC Sessions: Mobility 2019 for a day-long exploration of the technologies and challenges upending both industries.

Talk about a targeted audience. It’s the perfect place and opportunity to strut your startup stuff. Simply book a demo table to position your company in front of some of the most influential founders, investors, technologists and media. Networking made simple. You’re welcome.

TC Sessions: Mobility is jam-packed with speakers, workshops and demos that showcase an astounding range of topics, technologies, products and insight. We’ll dig deep into the future of transportation and mobility — including new and once-unimaginable technologies that lie ahead. We’ll cover the promises, the problems and the potential. And don’t worry, we’ll cover

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Biofourmis raises $35M to develop smarter treatments for chronic diseases


This post is by Jon Russell from TechCrunch


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Biofourmis, a Singapore-based startup pioneering a distinctly tech-based approach to the treatment of chronic conditions, has raised a $35 million Series B round for expansion.

The round was led by Sequoia India and MassMutual Ventures, the VC fund from Massachusetts Mutual Life Insurance Company. Other investors who put in include EDBI, the corporate investment arm of Singapore’s Economic Development Board, China-based healthcare platform Jianke and existing investors Openspace Ventures, Aviva Ventures and SGInnovate, a Singapore government initiative for deep tech startups. The round takes Biofourmis to $41.6 million raised to date, according to Crunchbase.

This isn’t your typical TechCrunch funding story.

Biofourmis CEO Kuldeep Singh Rajput moved to Singapore to start a PhD, but he dropped out to start the business with co-founder Wendou Niu in 2015 because he saw the potential to “predict disease before it happens,” he told TechCrunch in an interview.

AI-powered specialist post-discharge care

There

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Unpacking Away’s $1.4B valuation, the startup studio model and CrowdStrike’s S-1


This post is by Kate Clark from TechCrunch


Click here to view on the original site: Original Post




Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

This week was something a bit special for the team, albeit in a sad way. It marked the last episode in which we’d all be together in the current TechCrunch office. It’s a place we’ve spent so much time in so we were all a bit nostalgic. (TC is moving offices, nothing else is changing!)

Anyway, there was news to discuss!

After Alex went through what he called a “mid-quarter check-in” we got into the meat of things, kicking off with Kate’s recent story on Madrona’s new startup studio. The $11 million that will be spent on spinning up ideas and spinning out companies forms a model that could be exported

Continue reading “Unpacking Away’s $1.4B valuation, the startup studio model and CrowdStrike’s S-1”

India’s Locus raises $22 million to expand its logistics management business


This post is by Manish Singh from TechCrunch


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Locus, an Indian startup that uses AI to help businesses map out their logistics, has raised $22 million in Series B funding to expand its operations in international markets.

The financing round for the four-year-old startup was led by Falcon Edge Capital and Tiger Global Management . Existing investors Exfinity Venture Partners and Blume Ventures also participated in the round. The startup has raised $29 million to date, Nishith Rastogi, co-founder and CEO of Locus, told TechCrunch in an interview.

Locus works with companies that operate in FMCG, logistics, and e-commerce spaces. Some of its clients include Tata Group companies, Myntra, BigBasket, Lenskart, and Bluedart. It helps these clients automate their logistics workload — tasks such as planning, organizing, transporting and tracking of inventories, and finding the best path to reach a destination — that have traditionally required intensive human labor.

“Say a Lenskart representative is visiting a house or

Continue reading “India’s Locus raises $22 million to expand its logistics management business”

Equity Shot: Judging Uber’s less-than-grand opening day


This post is by Kate Clark from TechCrunch


Click here to view on the original site: Original Post




Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

We are back, as promised. Kate Clark and Alex Wilhelm re-convened today to discuss the latest from the Uber IPO. Namely that it opened down, and then kept falling.

A few questions spring to mind. Why did Uber lose ground? Was it the company’s fault? Was it simply the macro market? Was it something else altogether? What we do know is that Uber’s pricing wasn’t what we were expecting and its first day was not smooth.

There are a whole bunch of reasons why Uber went out the way it did. Firstly, the stock market has had a rough week. That, coupled with rising U.S.-China tensions made this week one of the worst of the year for Uber’s monstrous IPO.

But, to make all that clear, we ran

Continue reading “Equity Shot: Judging Uber’s less-than-grand opening day”

Kargo is disrupting logistics in Myanmar, one of the world’s most challenging countries


This post is by Jon Russell from TechCrunch


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Founders in Seattle recently bemoaned a lack of capital and support when compared to Silicon Valley — what about those building startups in more remote markets?

Kargo, a company that takes the spirit of Uber and brings it to the disorganized world of trucking, has raised a SG$800,000 (US$580,000) round of funding, giving TechCrunch an excuse to delve into the world of startup development in Myanmar, one of the world’s most curious countries.

Ostracized from the world until its first free general election in 2015, Myanmar — which was previously known as Burma — has seen the world’s most radical digitization. Ruled by the military from 1962 until 2011, the price of a SIM card in the country was $250 as recently as 2013 (a big jump on $3,000-odd in the early 2000s) but that all change around the elections in 2015 when the country opened its doors to

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Startups Weekly: Will the Seattle tech scene ever reach its full potential?


This post is by Kate Clark from TechCrunch


Click here to view on the original site: Original Post




Greetings from Seattle, the land of Amazon, Microsoft, two of the world’s richest men and some startups.

I’m always surprised the Seattle startup ecosystem hasn’t grown to compete with the likes of Silicon Valley — or at least Boston and New York City — since the dot-com boom. Today, it’s the strongest it’s has been due to the successes of companies like the newly minted unicorn Outreach, trucking business Convoy and, of course, the dog walking startup Rover. But the city still lags behind, failing to adopt the culture of entrepreneurship that defines San Francisco.

I spent a lot of time wondering why it hasn’t reached its full potential. Is it because Microsoft and Amazon pay their employees so well they don’t have the same urge to build something from the ground up? Is it a lack of access to capital? Is the city not attracting top talent? If you

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Coinbase loses its first CTO after just one year in the job


This post is by Jon Russell from TechCrunch


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Coinbase, the $8 billion-valued crypto exchange, has lost its CTO after Balaji Srinivasan announced his departure from the company.

Srinivasan became the U.S. company’s first CTO one year ago after it acquired Earn.com, where he was CEO and co-founder. Given the tenure — one year and one day — it looks like Srinivasan’s departure comes after he served the minimum agreed period with Coinbase.

A high-profile figure in the crypto space who has also spent time with Coinbase and Earn investor A16z, Srinivasan announced his move on Twitter. He declined to go into specifics but told TechCrunch that he plans to take time off to get fit, among other things, before launching into his next product.

Utah’s Divvy raises $200M to eliminate expense reports


This post is by Kate Clark from TechCrunch


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In February 2016, Blake Murray wrote down an idea for a business expense and budgeting platform on the back of a napkin. Today, that’s Divvy, a tech-enabled replacement of monthly expense reports.

The company, not to be confused with Divvy Homes or Divvy Bikes, has raised an additional $200 million in venture capital funding as part of Series C financing led by NEA with participation from Pelion Venture Partners and Insight Venture Partners. Murray, Divvy’s co-founder and chief executive officer, declined to disclose Divvy’s valuation though he did confirm it’s grown 4x from the company’s $35 million Series B. According to PitchBook, the Series B financing valued Divvy at $173 million, suggesting a new valuation of nearly $700 million.

For a business headquartered in Lehi, Utah — for a Silicon Valley startup even — that’s a seriously rapid growth rate. Divvy only launched its platform, which allows customers to

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