Daily Crunch: Alphabet CEO lays off 12,000 people, says company ‘hired for a different economic reality’
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Happy Friday! Join us in wishing Lorenzo a very warm welcome to the team! He’s joining our crack team of cybersecurity reporters, working alongside Zack and Carly. He just published his first […]
Debunking the myths of why venture investors don’t fund diverse startups
People can never land on a word to explain what is happening to women and minorities within venture. Are such founders overlooked or undersought? Underestimated and underrepresented? Marginalized? Discriminated against? Or just ignored? The excuses used to justify these sobriquets are equally scattered. Women received just 1.9% of all venture capital funds last year because […]
Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B
Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats. Magnet Forensics will be purchased by a newly created corporation controlled by Thoma Bravo, Morpheus Purchaser […]
With a focus on patients with chronic illness, Nourish hopes to help Americans eat better
Many of us would feel better if we ate better. But for patients with chronic diseases, the issue is more pressing: Fixing their diet is often key to keeping their condition under control. According to the CDC, six in 10 adults in the U.S. have a chronic disease such as diabetes or heart conditions. Millions […]
4 investors discuss the next big wave for alternative seafood startups
Though investment in food technology has slowed in line with the rest of the venture capital world, the industry recently achieved some milestones that suggest the sector and the government are moving into alignment. In fact, some investors feel that 2023 will be the year when alternative seafood companies and products make notable strides. More […]
GoodOnes raises to help make sense of your mess of a camera roll
You know what it’s like — you’ve been on vacation and you’ve taken 28 million photos, and you just want to select the best 12 so you can make a calendar. Ain’t nobody got time for that — and that’s what GoodOnes is here to help you with. The app is in early access mode […]
Why international DFIs are looking to African startups to scale impact investing efforts
Even as VC funding dries up across the world, development finance institutions (DFIs) from Europe are looking to African startups to deploy their dry powder. British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500 million into startups by the end of 2026, and half of that amount […]
TechCrunch+ roundup: 2023 unicorn slump, global VC slowdown, email marketing 101
Due to a phenomenon called semantic satiation, if you repeat a word or phrase too frequently, it can sometimes lose all meaning. That’s what happened to “unicorn:” We wore it out like a pair of sneakers that leak in the rain but are too comfortable to part with. In fact, most of the startups in […]
A new kind of PE fund plans to roll-up German startups into potential unicorns and bigger exits
European startups have always suffered from the perennial startup problem: how to exit? However, in Europe the problem has always been particularly acute. How many large European industrial or corporate giants acquire or acqu-hire? Not that many and not nearly enough. It’s part of the reason so many European startups end up heading to the […]
Gas, Slay, what’s next? Fire?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Szkutak jumped on the mic to talk through a diverse news week. Shoutout to our producer, Theresa Loconsolo, for putting together a script, and TC’s Andrew Mendez for […]
