Startups

Uber lost $4.5 billion last year, but CEO Dara Khosrowshahi said he’s not worried. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, the newly appointed chief defended the company’s financials, saying that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice
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Today’s Valentines Day, and while it’s certainly the quintessential consumer-driven holiday, it’s also a day where many couples take stock of their relationship. iHeartUs, a new app for couples, is launching today to help those couples keep and grow their relationships. Using a proprietary ‘love language’ algorithm, iHeartUs offers personalized recommendations for date ideas, gifts,
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One of the great things about podcasts is the opportunity to discuss things in-depth, without having to squeeze it all down into a 30- or 60-second sound bite. But that creates a subsequent challenge: What’s the best way to promote those longer conversations on social media? That’s something we’ve argued about at TechCrunch, where we’ve
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Finnish fintech startup Zervant, which provides online invoicing software for small business and entrepreneurs across Europe, has raised €6 million in funding. The round was led by Tesi, with participation from Northzone, NFT Ventures, and Conor Venture Partners. Founded in 2010 and headquartered in Espoo, Finland, Zervant offers simple invoicing software targeting micro enterprises in
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Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Several
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XebiaLabs, the Boston-based software startup that helps companies automate DevOps functions, announced a healthy $100 million Series B investment led by Susquehanna Growth Equity and Accel. Today’s investment brings the total raised to $121.5 million. Derek Langone, Xebia’s CEO says they raised the money out of a desire to expand more rapidly. “You always want
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You probably know Chamillionaire from the song “Ridin,’” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re
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If the latest seed-funded startups have their way, this is what your future will look like. You’ll find your mortgage through a company named Morty, refill your contact lenses with Waldo and get your cannabis news from Herb. (Which is not to be confused with Bud, the startup that handles your banking.) Later, you can use Cake Technologies to pay the
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The team at ClearBrain has a big goal: “Our mission is to democratize AI for marketers.” That’s how CEO Bilal Mahmood put it, though Mahmood (a former product manager at Optimizely) and his co-founder Eric Pollmann (a former engineer on Google’s ad team) aren’t trying to do all that democratizing at once. Instead, they’re tackling a more
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Studio, a startup that delivers coaching, music and competition to treadmill runners’ smartphones and smartwatches, is getting a boost from treadmill maker Life Fitness. Studio founder and CEO Jason Baptiste explained that through this partnership, Studio’s classes will be available on Life Fitness treadmills in gyms, starting with the ones equipped with the company’s Discover
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Viacom has acquired VidCon, a move that seems designed to help the media giant connect with younger audiences. Viacom’s blog post describes VidCon as “the premier event for the worldwide online video community,” drawing more than 30,000 attendees to its flagship conference in Anaheim, Calif. (It’s also held smaller events in Amsterdam and Melbourne.) The
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SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and cryptocurrency trades. In fact, toward that end, they’d like more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud. “When you have an unregulated exchange, the ability to manipulate prices
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Last month we characterized 2017 as the year Sub-Saharan Africa’s startup scene found its stride. 2018 looks to be the year of numerous VC investments. TPG acquires TRACE January got the funding party started. U.S.-based private equity firm TPG Growth acquired a majority stake (of an undisclosed value) in entertainment company TRACE. TRACE is a global multimedia giant for African
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Today marks the 52nd Super Bowl, and quite a bit has changed since that first big game. Then, it was called the AFL-NFL World Championship Game. In 1967, the cost of a movie ticket was $1.25, and color TV was just starting to become popular. Today, more than fifty years later, we can now stream
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