Banking startup N26 raises another $170 million at $3.5 billion valuation


This post is by Romain Dillet from TechCrunch


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Fintech startup N26 is raising $170 million a few months after raising $300 million. While it’s technically structured as a new round, the company considers today’s new funding as an extension of the Series D round.

N26 has only reached out to existing investors. All the investors in the Series D round are investing again, as well as a few investors that have been around for a while. So that’s Insight Venture Partners, GIC (Singapore’s sovereign wealth fund), Tencent, Allianz X, Peter Thiel’s Valar Ventures, Earlybird Venture Capital and Greyhound Capital.

“It’s a raise in valuation of about 30%. It’s only existing investors that participated. We didn’t go external as it is also quite quickly after the round that we did earlier this year,” co-founder and CEO Valentin Stalf told me. “But I think it’s a good testament of the development of the company over the last couple of months.

Continue reading “Banking startup N26 raises another $170 million at $3.5 billion valuation”

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million


This post is by Catherine Shu from TechCrunch


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Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full,

Continue reading “Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million”

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million


This post is by Catherine Shu from TechCrunch


Click here to view on the original site: Original Post




Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full,

Continue reading “Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million”

Coinbase tells you if top holders are buying or selling a crypto asset


This post is by Romain Dillet from TechCrunch


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Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation. Given that there are now 15 cryptocurrencies on Coinbase that you can trade, the new features should provide some signals.

In addition to price and variation information, you can see what Coinbase customers with large balances are currently doing. You get a buy/sell percentage for each asset.

Behind the scene, Coinbase looks at users with a Coinbase balance in the top 10%. The exchange then counts how many users in that pool have increased or decreased their positions over the last 24 hours. The signal is updated every two hours.

Coinbase is also calculating two other data points — the average hold time and the popularity of each asset. This time, the company relies on the entire Coinbase user base to tell you how long people keep a specific asset

hero signals

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Let CrunchMatch simplify your networking at Disrupt SF 2019


This post is by Emma Comeau from TechCrunch


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Set in the city where startup dreams began, TechCrunch’s flagship tech conference — Disrupt San Francisco 2019 — takes place October 2-4. And with more than 10,000 attendees converging on Moscone North Convention Center, the networking possibilities can seem downright daunting. More like a contact sport than a business opportunity, right?

Why waste your valuable time talking to the wrong people? Reap the benefits of simplified networking with CrunchMatch. This free business match-making platform — available to attendees with Innovator, Founder or Investor passes — helps you find and connect with the people who can move your business forward.

How does it all work? Qualified pass holders will be able to access the platform via the Disrupt app to fill out their CrunchMatch profile outlining their specific roles, goals and the type of people they want to meet. Founders, for example, would list category, stage, location, funding status, etc. Investor

Continue reading “Let CrunchMatch simplify your networking at Disrupt SF 2019”

Let CrunchMatch simplify your networking at Disrupt SF 2019


This post is by Emma Comeau from TechCrunch


Click here to view on the original site: Original Post




Set in the city where startup dreams began, TechCrunch’s flagship tech conference — Disrupt San Francisco 2019 — takes place October 2-4. And with more than 10,000 attendees converging on Moscone North Convention Center, the networking possibilities can seem downright daunting. More like a contact sport than a business opportunity, right?

Why waste your valuable time talking to the wrong people? Reap the benefits of simplified networking with CrunchMatch. This free business match-making platform — available to attendees with Innovator, Founder or Investor passes — helps you find and connect with the people who can move your business forward.

How does it all work? Qualified pass holders will be able to access the platform via the Disrupt app to fill out their CrunchMatch profile outlining their specific roles, goals and the type of people they want to meet. Founders, for example, would list category, stage, location, funding status, etc. Investor

Continue reading “Let CrunchMatch simplify your networking at Disrupt SF 2019”

How much HR does a scale-up need?


This post is by Arman Tabatabai from TechCrunch


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There is a special chaos that happens when a startup reaches 30 employees. People have a harder time tracking what’s going on, and it’s easy for some to feel left out or ignored.

Right when you want employees focusing on taking the company to the next level, they’re suddenly focused on their own futures. Insecurities and politics can abound, and the work can suffer.

How to stop the madness? In my experience, it all comes down to structure. It might seem early, or scary to a company used to succeeding on grit, but 30 is a key time to begin putting processes into place.

You’re no longer 10

Continue reading “How much HR does a scale-up need?”

10x Ascend aims to help tech talent with job negotiations


This post is by Anthony Ha from TechCrunch


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10x Ascend is a new firm that helps software development, cybersecurity and data science professionals negotiate for better deals.

Founders Michael Solomon and Rishon Blumberg started out in talent management for the music industry (their clients still include musicians like Vanessa Carlton), then moved into representing tech freelancers with their firm 10x Management. More recently, they decided that there was an opportunity to provide similar services to full-time employees.

Given the rising demand for tech talent (the Bureau of Labor Statistics projects that software development roles will grow by 31 percent through 2026), you might think that developers and engineers can get anything they want when they’re look for a job.

However, Blumberg suggested that many of these prospective hires simply don’t feel comfortable asking for what they want or what they’re worth — whether that’s more money, more equity, more flexibility in working from home, more vacation or

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ClassPass introduces a corporate wellness program


This post is by Jordan Crook from TechCrunch


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ClassPass has set up yet another revenue stream, signing on partners like Facebook, Glossier, Google, Morgan Stanley, Under Armour, Etsy, Southwest Airlines and Gatorade to a corporate wellness program.

The program will give employees at these companies access to the ClassPass network of more than 22,000 studio partners across 2500 cities around the world, which includes studio brands like Barry’s Bootcamp, Flywheel Sports, and CorePower Yoga. Corporate partners also get access to a ‘large library’ of on-demand audio and video workouts.

This comes after ClassPass retooled the ClassPass Live product, in which it invested the resources to build out a new live broadcast studio, and rebuilt it into a library of on-demand video workouts.

The company launched ClassPass Live in 2018 with the hopes that users could workout from home within the ClassPass ecosystem. CEO Fritz Lanman told TechCrunch in June that the company stopped doing live classes in

Continue reading “ClassPass introduces a corporate wellness program”

Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC


This post is by Darrell Etherington from TechCrunch


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Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid. This round pushes Turn into Unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad.

This late round of funding brings the company’s total to nearly $450 million, raised across multiple rounds since its founding as Relay Rides in 2009. The company plans to use the investment to fuel its growth, further refine the customer experience aspect of its product and generally support its overall mission of increasing utilization rates for the over one billion cars currently estimated to be on the road around the world today.

IAC makes sense as a strategic partner for Turo because of its proven track record of helping companies scale to “household name” recognition status, Haddad said in a

Continue reading “Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC”

Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC


This post is by Darrell Etherington from TechCrunch


Click here to view on the original site: Original Post




Car-sharing startup Turo has raised $250 million in a Series E round of funding from IAC, the internet media company that owned and spun out Match.com, and OKCupid. This round pushes Turn into Unicorn territory, with its valuation now “past the billion-dollar” mark according to Turo CEO Andre Haddad.

This late round of funding brings the company’s total to nearly $450 million, raised across multiple rounds since its founding as Relay Rides in 2009. The company plans to use the investment to fuel its growth, further refine the customer experience aspect of its product and generally support its overall mission of increasing utilization rates for the over one billion cars currently estimated to be on the road around the world today.

IAC makes sense as a strategic partner for Turo because of its proven track record of helping companies scale to “household name” recognition status, Haddad said in a

Continue reading “Peer-to-peer car sharing marketplace Turo raises $250M at over $1B valuation from IAC”

Dust Identity secures $10M Series A to identify objects with diamond dust


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




The idea behind Dust Identity was originally born in an MIT lab where students developed a system of uniquely identifying objects using diamond dust. Since then, the startup has been working to create a commercial application for the advanced technology, and today it announced a $10 million Series A round led by Kleiner Perkins, which also led its $2.3 million seed round last year.

Airbus Ventures and Lockheed Martin Ventures, New Science Ventures, Angular Ventures and Castle Island Ventures also participated in the round. Today’s investment brings the total raised to $12.3 million.

The company has an unusual idea of applying a thin layer of diamond dust to an object with the goal of proving that object has not been tampered with. While using diamond dust may sound expensive, the company told TechCrunch last year at the time of its seed round funding that it uses low-cost industrial

Continue reading “Dust Identity secures $10M Series A to identify objects with diamond dust”

Dust Identity secures $10M Series A to identify objects with diamond dust


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




The idea behind Dust Identity was originally born in an MIT lab where students developed a system of uniquely identifying objects using diamond dust. Since then, the startup has been working to create a commercial application for the advanced technology, and today it announced a $10 million Series A round led by Kleiner Perkins, which also led its $2.3 million seed round last year.

Airbus Ventures and Lockheed Martin Ventures, New Science Ventures, Angular Ventures and Castle Island Ventures also participated in the round. Today’s investment brings the total raised to $12.3 million.

The company has an unusual idea of applying a thin layer of diamond dust to an object with the goal of proving that object has not been tampered with. While using diamond dust may sound expensive, the company told TechCrunch last year at the time of its seed round funding that it uses low-cost industrial

Continue reading “Dust Identity secures $10M Series A to identify objects with diamond dust”

Snyk brings in new CEO to help lead future expansion


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.

Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something

Continue reading “Snyk brings in new CEO to help lead future expansion”

Snyk brings in new CEO to help lead future expansion


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.

Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something

Continue reading “Snyk brings in new CEO to help lead future expansion”

Snyk brings in new CEO to help lead future expansion


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.

Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something

Continue reading “Snyk brings in new CEO to help lead future expansion”

Snyk brings in new CEO to help lead future expansion


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.

Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something

Continue reading “Snyk brings in new CEO to help lead future expansion”

India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace


This post is by Manish Singh from TechCrunch


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MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden funding round from an external source to expand its offerings and reach in the nation.

Dutch investment firm IFSD BV and private equity firm Vaalon Capital funded the $15 million round in MyMoneyMantra, the Indian firm said on Wednesday. A person familiar with the matter said the round valued MyMoneyMantra at about $50 million.

The company’s founder Raj Khosla said MyMoneyMantra, which employs about 2,500 employees and serves over 4 million customers across 50 cities, will use the capital to explore ways to capture a larger share of the market.

Khosla said the firm would work closely with Vaalon Capital’s team to expand its offerings and deepen its ties with banks and insurance companies. In the financial year that ended in March, MyMoneyMantra generated a revenue of $19.6

Continue reading “India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace”

India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace


This post is by Manish Singh from TechCrunch


Click here to view on the original site: Original Post




MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden funding round from an external source to expand its offerings and reach in the nation.

Dutch investment firm IFSD BV and private equity firm Vaalon Capital funded the $15 million round in MyMoneyMantra, the Indian firm said on Wednesday. A person familiar with the matter said the round valued MyMoneyMantra at about $50 million.

The company’s founder Raj Khosla said MyMoneyMantra, which employs about 2,500 employees and serves over 4 million customers across 50 cities, will use the capital to explore ways to capture a larger share of the market.

Khosla said the firm would work closely with Vaalon Capital’s team to expand its offerings and deepen its ties with banks and insurance companies. In the financial year that ended in March, MyMoneyMantra generated a revenue of $19.6

Continue reading “India’s 30-year-old MyMoneyMantra raises $15M to scale its financial services marketplace”

Stonly lets you create interactive step-by-step guides to improve support


This post is by Romain Dillet from TechCrunch


Click here to view on the original site: Original Post




French startup Stonly wants to empower users so that they can solve their issues by themselves. Instead of relying on customer support agents, Stonly wants to surface relevant content so that you can understand and solve issues.

“I’m trying to take the opposite stance of chatbots," founder and CEO Alexis Fogel told me. “The issue [with chatbots] is that technology is not good enough and you often end up searching through the help center.”

If you’re in charge of support for a big enough service, chances are your customers often face the same issues. Many companies have built help centers with lengthy articles. But most customers won’t scroll through those pages when they face an issue.

That’s why Stonly thinks you need to make this experience more interactive. The service lets you create scripted guides with multiple questions to make this process less intimidating. Some big companies have built

Editor 01

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