UK-based smartphone subscription startup Raylo has tucked $11.5 million in Series A funding into its top pocket, led by Octopus Ventures. The equity round follows a debt raise last year — and brings Raylo’s total raised since being founded back in 2019 to $40M (in equity and debt). Its roster of investors to date also…
A startup founder, who hasn’t had much sleep all week, woke up on a recent Sunday to a phone call from his co-founder. A senior engineer was feeling burnt out and was contemplating leaving. For the founder, who had several calls scheduled with many high-profile Silicon Valley investors later in the day, talking this developer…
The numbers don’t lie. According to DocSend, the average pitch deck is reviewed for just three minutes. And if you think a senior VC is studying the presentation your team crafted for months as if it were a Fabergé egg — well, you might be disappointed. Even if you are lucky enough to land a…
Drew Beechler Contributor Drew Beechler is the director of marketing at High Alpha, a venture studio that creates and funds B2B SaaS companies. There’s a lot wrapped up in a name: feelings, emotions, connotation, unconscious bias, personal history. It’s an identity — it gives something meaning and importance. In leading marketing and brand at High…
Algorithmic management of gig workers has landed Glovo-owned on-demand delivery firm Foodinho in trouble in Italy where the country’s data protection authority issued a €2.6 million penalty (~$3M) yesterday after an investigation found a laundry list of problems. The delivery company has been ordered to make a number of changes to how it operates in…
Pine Labs said on Tuesday it has closed a $600 million financing round as the Asian merchant commerce platform sets the goal to explore the public markets within two years. Fidelity Management & Research Company, BlackRock, Ishana, as well as a fund advised by Neuberger Berman Investment Advisers, and IIFL and Kotak invested in the round,…
On Friday, a flood of ransomware hit hundreds of companies around the world. A grocery store chain, a public broadcaster, schools, and a national railway system were all hit by the file-encrypting malware, causing disruption and forcing hundreds of businesses to close. The victims had something in common: a key piece of network management and…
Following on from mid-June when first-time buyer mortgage lending startup Generation Home raised a $30.4m Series A round and a £300m loan facility from NatWest, it’s now adding to its board. Although known for becoming an Angel investor since leaving Monzo, the challenger bank startup he co-founded, Tom Blomfield hasn’t joined any startup boards. That…
As firework volleys launched out of New York City harbor last night, a very different celebration was likely taking place just a few blocks down the street at Verizon’s official headquarters in Midtown. The telco, which owns TechCrunch for hopefully just a few more weeks pending the close of the Apollo acquisition of our parent…
Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations in the South Asian market and explore international market expansion. The new $140 million financing round, a Series D, comprises $120 million debt raise…
