Lexion raises $4.2M to bring AI to contract management


This post is by Frederic Lardinois from TechCrunch


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Contract management isn’t exactly an exciting subject, but it’s a real pain point for many companies. It also lends itself to automation, thanks to recent advances in machine learning and natural language processing. It’s no surprise then, that we see renewed interest in this space and that investors are putting more money into it. Earlier this week, Icertis raised a $115 million Series E round, for example, at a valuation of more than $1 billion. Icertis has been in this business for ten years, though. On the other end of the spectrum, contract management startup Lexion today announced that it has raised a $4.2 million seed round led by Madrona Venture Group and law firm Wilson Sonsini Goodrich & Rosati, which was also one of the first users of the product.

Lexion was incubated at the Allen Institute for Artificial Intelligence (AI2), one of the late Microsoft co-founders’

4 understanding autorenewal clause
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WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO


This post is by Jonathan Shieber from TechCrunch


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Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering.

The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the company, is unusual considering that founders typically wait until after a company holds its public offering to liquidate their holdings.

Despite the loans and sales of stock, first reported by The Wall Street Journal, Neumann remains the single largest shareholder in the company.

According to the Journal’s reporting, Neumann has already set up a family office to invest the proceeds and begun to hire financial professionals to run it.

He’s also made significant investments in real estate in New York and San Francisco, including four homes in the greater New York metropolitan area, and

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48-hour, buy-one-get-one free — TC Sessions: Enterprise 2019


This post is by Emma Comeau from TechCrunch


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Every startupper we’ve ever met loves a great deal, and so do we. That’s why we’re celebrating Prime day with a 48-hour flash sale on tickets to TC Sessions: Enterprise 2019, which takes place September 5 at the Yerba Buena Center for the Arts in San Francisco.

We’re talking a classic BOGO — buy-one-get-one — deal that starts today and ends tomorrow, July 16, at 11:59 p.m. (PT). Buy one early-bird ticket ($249) and you get a second ticket for free. But this BOGO goes bye-bye in just 48 hours, so don’t wait. Buy your TC Sessions: Enterprise tickets now and save.

Get ready to join more than 1,000 attendees for a day-long, intensive experience exploring the enterprise colossus — a tech category that generates hundreds of new startups, along with a steady stream of multibillion-dollar acquisitions, every year.

What can you expect at TC Sessions: Enterprise? For

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GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding


This post is by Mike Butcher from TechCrunch


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Many years ago every sales deal was sealed with a handshake between two people. Today, digitization has moved into the sales process, but it hasn’t necessarily improved the experience. In fact, it’s often become a more time-consuming affair because information and communications are scattered across multiple channels and the number of people involved in a deal has increased. That means lots of offers and quotes are get lost in the mix.
GetAccept a startup which provides an all-in-one sales platform where video, live chat, proposal design, document tracking and e-signatures come together to simplify the life of a sales team.

It’s now convinced investors there is such a need, raising a $7 million Series A funding round led by DN Capital, with participation from BootstrapLabs, Y Combinator and a number of Spotify’s early investors including ex-CFO of Spotify, Peter Sterky. The former CMO of Slack and Zendesk, Bill Macaitis,

Continue reading “GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding”

GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding


This post is by Mike Butcher from TechCrunch


Click here to view on the original site: Original Post




Many years ago every sales deal was sealed with a handshake between two people. Today, digitization has moved into the sales process, but it hasn’t necessarily improved the experience. In fact, it’s often become a more time-consuming affair because information and communications are scattered across multiple channels and the number of people involved in a deal has increased. That means lots of offers and quotes are get lost in the mix.
GetAccept a startup which provides an all-in-one sales platform where video, live chat, proposal design, document tracking and e-signatures come together to simplify the life of a sales team.

It’s now convinced investors there is such a need, raising a $7 million Series A funding round led by DN Capital, with participation from BootstrapLabs, Y Combinator and a number of Spotify’s early investors including ex-CFO of Spotify, Peter Sterky. The former CMO of Slack and Zendesk, Bill Macaitis,

Continue reading “GetAccept’s workflow and e-signature platform for sales secures $7M Series A funding”

SAP’s CEO Bill McDermott will join us at TC Sessions: Enterprise


This post is by Frederic Lardinois from TechCrunch


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You can’t talk about enterprise software without talking about SAP, class=”crunchbase-tooltip-indicator”> the German software giant that now has a market cap of more than $172 billion, making it Europe’s most valuable tech company. To talk about his company and leadership in a rapidly changing environment for enterprise software, SAP CEO Bill McDermott will join us for a fireside chat at our TC Sessions: Enterprise event on September 5 in San Francisco.

McDermott joined the company as the CEO of SAP America in 2002. He then joined the executive board in 2008 and became co-CEO in 2010. Since becoming the first American to head the company in 2014, McDermott has continued to increase the company’s annual revenue and, maybe more importantly, expanded the company’s product range.

Chances are you know SAP mostly for its Hana in-memory database offering and CRM and enterprise resource management systems. Hana is important enough that all

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From seed to Series A: Scaling a startup in Latin America today


This post is by David Riggs from TechCrunch


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It’s not easy to raise growth-stage capital in Latin America, but it’s getting easier. As startups begin to flourish in the region’s largest markets, available funding is evolving to suit the needs of these maturing companies. However, Silicon Valley-style Series A rounds in Latin America are still rare, especially outside of Brazil and Mexico.

Even in Silicon Valley, only a small percentage of startups can bring together enough pieces to raise a Series A round. Jacob Mullins, a partner at Shasta Ventures, recently published an article on Medium on what it takes to raise a Series A round in San Francisco today, which inspired my take for the Latin

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Fellow raises $6.5M to help make managers better at leading teams and people


This post is by Darrell Etherington from TechCrunch


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Managing people is perhaps the most challenging thing most people will have to learn in the course of their professional lives – especially because there’s no one ‘right’ way to do it. But Ottawa-based startup Fellow is hoping to ease the learning curve for new managers, and improve and reinforce the habits of experienced ones with their new people management platform software.

Fellow has raised $6.5 million in seed funding, from investors including Inovia Capital, Felicia Ventures, Garage Capital and a number of angels. The funding announcement comes alongside the announcement of their first customers, including Shopify (disclosure: I worked at Shopify when Fellow was implemented and was an early tester of this product, which is why I can can actually speak to how it works for users).

The Fellow platform is essentially a way to help team leads interact with their reports, and vice versa. It’s a feedback

Fellow Team Photo 2019

Continue reading “Fellow raises $6.5M to help make managers better at leading teams and people”

Fellow raises $6.5M to help make managers better at leading teams and people


This post is by Darrell Etherington from TechCrunch


Click here to view on the original site: Original Post




Managing people is perhaps the most challenging thing most people will have to learn in the course of their professional lives – especially because there’s no one ‘right’ way to do it. But Ottawa-based startup Fellow is hoping to ease the learning curve for new managers, and improve and reinforce the habits of experienced ones with their new people management platform software.

Fellow has raised $6.5 million in seed funding, from investors including Inovia Capital, Felicia Ventures, Garage Capital and a number of angels. The funding announcement comes alongside the announcement of their first customers, including Shopify (disclosure: I worked at Shopify when Fellow was implemented and was an early tester of this product, which is why I can can actually speak to how it works for users).

The Fellow platform is essentially a way to help team leads interact with their reports, and vice versa. It’s a feedback

Fellow Team Photo 2019

Continue reading “Fellow raises $6.5M to help make managers better at leading teams and people”

Laundrapp and Zipjet merge to form largest on-demand laundry service in UK, seal new funding


This post is by Mike Butcher from TechCrunch


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Two of Europe’s biggest on-demand laundry startups are merging today. Laundrapp from London and Zipjet from Berlin are confirming the completion of a previously-rumored merger through which the combined business will become the largest on-demand laundry business in the UK.

Alongside this, the combined business has completed a funding round from existing investors including Toscafund, Hargreave Hale VCT, Henkel, Rocket Internet and further minority shareholders. The amount involved has not been disclosed. News of a planned merger was broken by Sky News back in April this year.

The European on-demand laundry and dry-cleaning market is estimated to be worth around €20bn per annum. Both Laundrapp and Zipjet have benefitted from this demand, with revenues, they say, rising more than 30% yoy. Together, the businesses currently process over 150,000 items of washing each month, with the ‘Wash & Fold’ service representing approximately 25% of volumes. The business says customers tend to

Continue reading “Laundrapp and Zipjet merge to form largest on-demand laundry service in UK, seal new funding”

Optimizely raises $50M Series D round for its experimentation platform


This post is by Frederic Lardinois from TechCrunch


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Optimizely, a platform that offers tools for A/B testing and personalization on the web and in mobile apps, today announced that it has raised a total of $105 million. This includes a $50 million Series D round led by Goldman Sachs Private Captial, with the participation of Accenture Ventures, as well as $55 million line of credit from Bridge Bank.

Goldman Sachs’s Michael Kondoleon will join Optimizely’s Board of Directors as a board member.

“We’re excited to reach this milestone because these investments cement our leadership position in the market,” Optimizely CEO Jay Larson told me. “We can invest more in products to put an even bigger gap between Optimizely and our competition. We can expand geographically. And we will continue to grow our team of world-class digital optimization experts. This is a big day for Optimizely and a big day for the experimentation and personalization industry.”

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Volvo’s sporty looking Vera self-driving electric truck will go to work in Sweden


This post is by Darrell Etherington from TechCrunch


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The Vera autonomous, electric truck from Volvo’s trucking subsidiary is not what you might expect in a transport truck – it looks like a road-hugging sportscar, something emphasized by its lack of a place for humans to sit. The real reason it looks like this is that it’s totally self-driving, however – and tailor-made for use in specific situations like serving the Swedish port in Gothenburg where it’ll soon begin operations.

Vera’s inaugural job will be to move goods packed in cargo trailers from a logistics center the actual port terminal, where it’ll be ready to loaded onto boats for transport. This first commercial use of the connected, electric freight moving vehicle will be done in partnership with logistics company DFDS.

Use of the Vera will make up one part of a larger connected system to move goods from the logistics center to distribution destinations around the world. They’ll operate

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Creative Destruction Lab’s second Super Session is an intense two-day startup testbed


This post is by Darrell Etherington from TechCrunch


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Canadian startup program Creative Destruction Lab (CDL) escapes succinct description in some ways — it’s an accelerator, to be sure, and an incubator. Startups show up and present to a combined audience of investors, mentors, industry players (some of whom, like former astronaut Chris Hadfield, verge on celebrity status) — but it’s not a demo day, per se, and presentations happen in focused rooms with key, vertically aligned audience members who can provide much more than just funding to the startups that participate.

North founder Stephen Lake onstage at CDL’s Super Session 2019

Seven years into its existence, CDL really puts on a show for its cornerstone annual event (itself only two years old), and clearly shows the extent to which the program has scaled. From an inaugural cohort of just 25 startups with a focus on science, CDL has grown to the point where it’s graduating 150 startups spanning

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Norrsken opens East Africa startup fund and hub in Kigali


This post is by Jake Bright from TechCrunch


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Startups in East Africa have a new source for investment and mentorship.

Sweden’s Norrsken Foundation—a coworking space and investment fund based in Stockholmopened its tech fund and entrepreneurship hub in Rwanda today to support ventures across the region.

Norrsken’s Kigali center is located on the former École Belge campus and will begin with seed investments of $25K to $100K for early stage startups in all sectors starting this year, Norrsken CEO Erik Engellau-Nilsson told TechCrunch.

The fund size is still being determined and Norrsken Kigali will extend the fund to larger series-stage investments from $100K to $1 million in the future.

Norrsken’s Fredrika Wessman is the head of Africa expansion and the organization is in the process of hiring a local director for its new Kigali operation.

The Swedish foundation’s move into Rwanda is strongly connected to the organization’s focus on the power of tech entrepreneurs

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Why identity startup Auth0’s founder still codes: It makes him a better boss


This post is by Zack Whittaker from TechCrunch


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If you ask Eugenio Pace to describe himself, “engineer” would be fairly high on the list.

“Being a CEO is pretty busy,” he told TechCrunch in a call last week. “But I’m an engineer in my heart — I am a problem solver,” he said.

Pace, an Argentinan immigrant to the U.S., founded identity management company Auth0 in 2013 after more than a decade at Microsoft. Auth0, pronounced “auth-zero,” has been described as like Stripe for payments or Twilio for messaging. App developers can add a few lines of code and it immediately gives their users access to the company’s identity management service.

That means the user can securely log in to the app without building a homebrew username and password system that’s invariably going to break. Any enterprise paying for Auth0 can also use its service to securely logon to the company’s internal network.

“Nobody cares about

Continue reading “Why identity startup Auth0’s founder still codes: It makes him a better boss”

The Stanford connections behind Latin America’s multi-billion dollar startup renaissance


This post is by Jonathan Shieber from TechCrunch


Click here to view on the original site: Original Post




The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo

Continue reading “The Stanford connections behind Latin America’s multi-billion dollar startup renaissance”

The Stanford connections behind Latin America’s multi-billion dollar startup renaissance


This post is by Jonathan Shieber from TechCrunch


Click here to view on the original site: Original Post




The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo

Continue reading “The Stanford connections behind Latin America’s multi-billion dollar startup renaissance”

The Stanford connections behind Latin America’s multi-billion dollar startup renaissance


This post is by Jonathan Shieber from TechCrunch


Click here to view on the original site: Original Post




The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo

Continue reading “The Stanford connections behind Latin America’s multi-billion dollar startup renaissance”

Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow


This post is by Jon Russell from TechCrunch


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In 2016, former World Bank analyst Eka Pamitra teamed up with five friends to start a business that would help farmers in their native Indonesia. Today their company — TaniGroup — closed a $10 million Series A round that’s aimed at expanding its service nationwide with the support of the government.

TaniGroup works for more than 25,000 farmers in Indonesia to help them get fairer rates for their crops, and grow their businesses. It does that in two ways: it operates a b2b platform that helps farmers sell their produce direct to retailers, which reaches a registered user base of 400 SMEs and 10,000 consumers. The company also manages a microloan fund that grants farmers access to working capital for growth.

TaniHub is the sales service and TaniFund is, as the name suggests, the microloan fund. The fund arrived in 2017 when the product had landed initial traction, and it

Continue reading “Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow”