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Hello and welcome to Daily Crunch for September 14, 2021. It was an Apple Internet day, so we all spent the afternoon trying to figure out if we needed a new smartphone. Reply? Probably not, but that won’t stop a good chunk of the TechCrunch team from rolling out new revenue from Yahoo in the Cupertino market cap. We love this stuff.
On the TechCrunch front, Disrupt is a week away. Yours truly is going shopping later this afternoon so he can look a little less disheveled. Jordan, of course, will be brilliant on the Disrupt Desk. We’ll see each other there! – Alexis
The Top 3 TechCrunch
- Apple abandons the handling of the new hardware: Every time Apple hosts an event, it’s like time stands still in the tech world. Whether it should always be, is for you to decide, but it remains a fact. Here’s our recap of iPhone news, Apple Watch, iPad updates, and a general rundown in case you want to move on to the meta. Enjoy!
- Atlanta booming: TechCrunch continued its tour of U.S. cities today after hitting Chicago and Boston in recent weeks. This time around, we dug into Atlanta’s burgeoning startup scene, which is seeing record inflows. We spoke to some founders and investors to get the latest news. Keep in mind that Atlanta just produced a decacorne outing.
- And speaking of decacorns, Canva just raised $ 200 million for a valuation of $ 40 billion. In percentage terms, the Australian design software company managed to raise two bills for 0.5% of its net worth. A bargain at twice the price. Why is Canva worth so much? Huge scale, as illustrated by our notes on its revenue growth.
Startups / VC
Before diving into our usual recap of startup news, TechCrunch analyzed the value of the myriad BNPL startups around the world through the lens of some recent acquisitions. I have written it. Read it if it’s your jam.
- In light of today’s Apple Fitness news, it’s important that Tonal just announced that live lessons are coming to its service. Tonal competes in the hardware and software market against Peloton and other players. It is in particular the startups of the world that merge hardware and software more than Apple in this case, which mainly bundles services into its existing products. Either way, good news for you Tonal users.
- 1047 Games closes $ 100 million: If you’re sexy, writes Brian Heater, you’re sexy. And 1047 games with its hit title Splitgate is more than warm. So stifling that it has just closed a third round since May. What is Splitgate? An FPS that includes portals. (Which sounds pretty awesome.)
- Grammarly opens for developers: Grammarly is well known as a product that people use to help tighten up their writing. But what if you wanted to incorporate Grammarly technology into your own product? Well, now you can. The company has just announced a development product. The finance nerd in me wonders how lucrative the new line of business will be, and if that will already help the company drop its damn S-1.
- EverAfter Raises $ 13 Million, Points Out HR Is Still Hot: According to our own reports, EverAfter has created a “codeless tool for customers that streamlines onboarding and retention.” It’s kind of like Sora, a startup TechCrunch also wrote about. A few laps concentrated in the same space, it’s signal!
- Today’s Tiger round is Indonesian fintech Xendit: Xendit is now a unicorn thanks to a $ 150 million check led by Tiger. At this point, we estimate that every time Tiger’s managing partners go to dinner, they tip $ 150 million. It’s the only number they know! Regardless, the payments-focused Jakarta-based fintech has big expansion plans that are now well funded.
Is it so wrong to take money from Chinese venture capital funds?
Are fundraising founders myopic when it comes to working with Chinese investors?
Asia Business Development Director for Runa Capital Denis Kalinin studied data from iTjuzi, a database of Chinese venture capitalists and found:
… Chinese funds invested around $ 250 billion in 2020 (three times the figure reported in Crunchbase). This figure puts Chinese venture capital investment only 30% lower than that of US funds, but three times that of UK funds and 12.5 times that of German funds.
The pandemic, geopolitical tensions and other factors have led many Chinese venture capital funds to cut back on their international investments, but this is largely “because during COVID, the Chinese economy has recovered much more. faster than other countries, ”writes Kalinin.
His analysis covers multiple angles: Chinese investments in Europe are catching up with those in Asia and the United States, half of the main Chinese cross-border investors are CVCs, and investors are particularly interested in fintech, deep technologies and the digital health right now.
“Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can benefit you. “
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
Before getting to the heart of the Big Tech news, an update from the U.S. government: “Biden’s New FTC Candidate is a Big Tech Critical Digital Privacy Advocate” it proves. It is important.
- LinkedIn promises $ 25 million to creators: In case your LinkedIn feed was lacking in pizazz, the Microsoft affiliate intends to step up your influx of content. A $ 25 million “Creator Accelerator Program” was put in place to encourage more, well, creation. LinkedIn is also getting into live audio.
- 51 other Starlink satellites take off: We’re including this news in Daily Crunch today in case you are too considering relocating to rural Montana but must remain employed.
- Space flights seem to fly to the moon: Elon’s space company isn’t the only player looking to get humans out of the plant. Spaceflight will “transport customers on a lunar flyover mission next year,” which is more than neat. How much for a ticket?
TechCrunch Experts: Growth Marketing
We reach out to startup founders to tell us who they turn to for the most up-to-date growth marketing practices. Complete the survey here.
Read one of the testimonials we received below!
Trader: Andrew Race, Juice
Recommended by: Orin Singh, Merchant Industry
Testimony: “We were referred to Juice by a family friend of my business owner, and out of personal courtesy they said they were giving us their best guy. Naturally we thought that was what everyone was saying. , but they weren’t kidding. Andrew was singularly leagues above our previous marketing company. Having someone so knowledgeable and eager to learn a new industry turned out to be a turning point for us. “
From planned Twitter spaces to impromptu discussions with the Equity team, the TechCrunch team is constantly on Twitter. Tomorrow, Wednesday, September 15 at 2:00 p.m. PDT / 5:00 p.m. EDT, the judges of Disrupt Battlefield will be speaking on Twitter Spaces. On Thursday, September 16, at 3 p.m. PDT / 6 p.m. EDT, Danny Crichton will be joined by Martin Ford, author of “Rule of the Robots: How Artificial Intelligence Will Transform Everything.” Make sure you follow the TechCrunch Twitter account to stay up to date with our news and events.