Daily Crunch: Ledger locks down another $108M to double down on hardware crypto wallets
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Thursdaaaaaaaaaaaaaaaaaaay! It’s one of our favorite days of the week. Definitely in the top 7. — Christine and Haje The TechCrunch Top 3 Crypto wallet in disguise: Ledger, a company that designs […]
Checkout.com’s new president is bullish on US expansion, says she ‘welcomes’ comparisons to Stripe
Stripe competitor Checkout.com announced last month that Céline Dufétel was appointed as its new president. She had previously served as the London-based fintech startup’s CFO and COO for about 18 months before her promotion. In her expanded role, which still includes serving as the company’s COO, Dufétel oversees all operational and go-to-market teams, including finance […]
Discover the Disrupt 2023 Fintech Stage
TechCrunch Disrupt, the premier event for startup investors and founders, is coming back September 19-21, 2023, with an enhanced new format. This year, we’re rethinking TC Sessions, the standalone industry events series, and merging them into the big annual tech event — which will once again this year be held at the Moscone Center in […]
Yeah, of course, YC’s winter class is oozing with AI companies
Being an artificial intelligence company has become the soup du jour of startup land. Companies are scrambling to either incorporate AI into their existing business model or change up their marketing so whatever they were already quietly using AI to do is front and center. Y Combinator’s latest class is no different. Angel investor Gokul […]
Pitch Deck Teardown: Northspyre’s $25 million Series B deck
Back in February, Northspyre announced it had raised $25 million to bring costs under control for big building projects. (TechCrunch’s Mary Ann Azevedo mentioned the fundraise in her fintech newsletter.) It’s a huge industry with powerful potential — so how does a company like that tell the story of what it’s building? We’re lucky enough […]
Reliance-backed Dunzo nears fresh funding of $50 million
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. Reliance Retail and Google, two existing backers of Dunzo, are among those […]
A look at Sweden’s startup scene as Techstars drops Stockholm program
As the global venture capital market contracts following a historic investing boom, the downturn impacts each startup market differently. While we’ve given the United States’ startup ecosystem most of our attention lately, it’s time to broaden our perspective. And narrow our focus. In the wake of Techstars’ decision to discontinue its Swedish accelerator program, TechCrunch+ […]
Oscilar emerges from stealth to fight transactions fraud with AI
Confluent co-founder Neha Narkhede today announced a new fintech company, Oscilar, that’s developing an “AI-driven” platform to help financial institutions protect online transactions from fraud and theft. Oscilar is entirely self-funded, backed by $20 million that Narkhede and the company’s other co-founder, Sachin Kulkami, themselves contributed. Narkhede says that they opted not to take outside […]
Fixie wants to make it easier for companies to build on top of language models
Yet another startup hoping to cash in on the generative AI craze has secured an eye-popping tranche of VC funding. Called Fixie, the firm, founded by former engineering heads at Apple and Google, aims to connect text-generating models similar to OpenAI’s ChatGPT to an enterprise’s data, systems and workflows. Co-founder and CEO Matt Welsh describes […]
Green Labs secures $38.4M in debt financing about a month after conducting layoff
Green Labs, a Seoul-based agritech startup, has secured $38.4 million (50 billion won) in debt financing from existing investors BRV Capital Management and Skylake Incuvest. The new funding comes just a month after the startup laid off around 70% of its workforce, or 350 people, in February as part of a restructuring, Green Labs CEO Sanghoon Shin said […]
