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Hello and welcome to Daily Crunch for July 20, 2021. Markets have been active the past few days with stocks falling yesterday before rebounding today. Cryptos have suffered from ups and downs as well. A bit like Jeff Bezos, although his was planned. More on that in a second. – Alexis
The Top 3 TechCrunch
- Bezos flies away: The billionaire space race reached its second stage today, as Amazon founder Jeff Bezos left the planet for a few minutes. There was a livestream, although space company Blue Origin was a bit more commercial than I was comfortable with. Either way, the humans got on and off, and the rocket and everyone on board survived. The crew were quite happy with it all.
- European startups are thriving: Of all the startup markets in the world, the one in Europe is one of the hottest. And according to the venture capitalists TechCrunch spoke to, the pace of investment on the continent is not expected to slow much in the second half of 2021. This year will set all-time records in the European market. startups for raised capital.
- Square is building an investment bank: What is it that many small business customers with big fintech aspirations have? Well, a lot of tech companies, but also Square. The company has set up an investment bank for its professional clients. How long before Square was just a bank for individuals and businesses? A good rule of thumb for fintech: it doesn’t matter where a startup departures in financial technology, he will eventually do it all. Or die trying.
Startups / VC
Hell, there were a lot of fundraising rounds announced today. TechCrunch covered a big chunk of the total, so much so that we can’t cover them all here. But after checking China, we still have your reading speed. Let’s go!
- Everything about the Chinese startup scene: Are you a little behind the regulatory crackdown on tech in China? Don’t worry if it does. Our own Rita Liao is on the case and has a brilliant summary of what’s going on with Didi and other China-based companies that have gone public in the US market. The bottom line is that data may not be the new oil, as some liked to say a few years ago, but data is turning out to be a geopolitical flashpoint. It turns out the Europeans were ahead of this one.
Now, the VC recap, in short format to allow for the inclusion of more elements:
- Tackling Counterfeit Medicines in Africa: That’s what RxAll does, and he landed $ 3.15 million to pursue his vision. Launched in 2016, the company wants to fight against fake drugs and the health problems they cause.
- Load grouping: TechCrunch covered the deal between ChargePoint and the frustrating has to be, in which the former company spent $ 295 million to purchase the latter. Our reading is that the agreement will allow ChargePoint “a boost in its quest to gain market share beyond North America” in the electric vehicle charging market.
- Titan raises $ 58 million to offer active wealth management to as many people as possible: If Robinhood has done a good job of making retail investing open to the masses by cutting fees to zero, Titan wants to pull a similar spin with the active world of wealth management. The company raised a Series A of $ 12.5 million earlier this year.
- $ 44 million for Little Spoon’s Baby Food Mission: Feeding children is a daily challenge. Finding good things to eat that they will actually eat is even more difficult. Little Spoon wants to solve the problem by helping parents of young children subscribe to D2C baby food while selling vitamins and the like.
- Path Robotics raises (again): Ohio-based company Path Robotics is back in fundraising this week, picking up a $ 100 million Series C. The round comes after the startup raised a $ 56 million Series B round in May. What does it do? Welding robots!
- More money raised to buy SaaS revenue: Capchase has put in place a $ 280 million funding round (debt and equity) to grow its business of buying future software revenue for current cash. It is a large market in which Pipe also operates.
To close our news on startups and venture capital, a few updates on venture capitalists who want to finance startups:
- The concept of Hyper at $ 60 million: Part venture capitalist, part venture capital-backed media group, sister company Product Hunt seeks to put capital and relationships to work. TechCrunch’s Matthew Panzarino has the details.
- New Boston funds: Pillar VC raised new capital in two tranches, including $ 169 million for its Pillar III capital pool and a second fund of $ 23 million. The venture capitalist intends to invest widely, including in SaaS, hardware and other categories. The investor group may be best known for buying common actions in the companies it supports.
For operators, TechCrunch spoke with Maya Moufarek, the founder of Marketing Cube, who spent more than 15 years working for companies like Google and American Express before launching her own growing consulting firm on startup marketing. Enjoy!
How we built an AI unicorn in 6 years
Few startups are entering the market with the exact product their founders initially envisioned.
Today, Tractable is known for developing technology that allows drivers to upload photos of their vehicles after a crash so its AI can assess the damage. However, its first paying customer used Tractable to inspect plastic pipe welds.
As fate intended, this client also fired them just as the founders lifted their first round.
“We found gold with auto insurance,” says co-founder Alex Dalyac, because it was a “huge and inefficient market that was in desperate need of modernization”.
In a guest post for Extra Crunch, he shares several takeaways from the past six years of scaling up a unicorn that has valuable founders of all stripes. The first step?
“Look for complementary co-founders who will become your best friends,” advises Dalyac.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
- Facebook really takes care of the newsletter: Newsletter distribution is not slowing down, with Facebook’s Bulletin service attracting 31 new editors. It’s a big booty. Of course, Facebook uses the service as a way to boost the use of Facebook Pay, among other purposes. But as a writer, seeing big companies arguing with my professional cohort is definitely a turning point.
- Venmo admits his default public feed was bad: Ah, Venmo’s public activity stream. It never made sense, but Venmo has stuck to it through thick and thin until now. Now you’ll just see a more friend-focused feed. Progress!
- YouTube embraces the advice: Want to tip a YouTube creator for their work? You’ll be able to do this with a new feature in the social video service called Super Thanks. It’s a one-time tip between $ 2 and $ 50. Hope this helps the musical groups who use the platform for distribution.
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: Illia Termeno, founder of Extrabrains
Recommended by: Anonymous
Testimony: “T-shaped expertise focused on strategy and long-term ROI. “
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