Verlinvest, a family-backed, “evergreen”, growth fund investor, that has previously funded a few well-known consumer brands like Oatly, Vita Coco, Tony’s Chocolonely, Who Gives A Crap, Pedego, Chewy.com, Hint & others, is getting into the venture game. After putting around €50m into VC initiatives globally, it’s now embarking on being the kick-starter LP in a…
The battery-electric Celestiq sedan, which starts “north of $300,000,” is tasked with more than restoring Cadillac to its former glory; it now must back executives’ bold claim to “reestablish the iconic brand as the standard of the world.” But with a price tag more than three times the average transaction price of a vehicle from…
This year was huge for the crypto developer space even though the digital asset market continues to wallow in a downturn, according to a new report by web3 developer platform Alchemy. Although the crypto market capitalization is down about 58% year to date, web3 developers are pouring into the space. The report found that developer…
This morning Kanye West announced he’s buying Parler, the annoyingly-named so-called “free speech” platform that ignores the proper French pronunciation of its moniker in service of a poor pun. The deal terms aren’t out there yet, but the startup has so far raised $56 million and I bet it has a tidy little exit on…
Flipkart has launched a metaverse offering for consumers to discover and shop new products, the latest bet from the Indian e-commerce giant as it experiments with web3 offerings to supercharge its customer experience. The Walmart-backed Bengaluru-headquartered firm has partnered with eDAO, a Polygon-incubated firm, to launch the metaverse offering, which it is calling Flipverse. The…
Cruise never planned to make its own silicon. But in the quest to commercialize robotaxis — and make money doing it — those never planned pursuits can suddenly seem a lot more appealing. Cruise realized that the price of chips from suppliers was too high, the parts were too big and the reliability of the…
Climate tech wrapped a strong Q3, landing three of the top four equity deals, including the whopping $1 billion Series A raised by fleet charging startup TeraWatt. While the broader market might be cooling, climate tech continues to be a hot ticket, with investment figures for top deals in Q3 outpacing the two previous quarters…
India on Sunday launched 75 digital banking units in villages and small towns across the country in a move that it said will help bring financial services and literacy to more citizens. The digital banking units, set up in collaboration with over 20 public and private banks, are brick-and-mortar outlets that are equipped with tablets…
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. People leave jobs for all kinds of reasons, but when it’s a CFO departing a richly valued company as the company itself conducts layoffs, the exodus can be a sign of a…
Hi, friends! It’s time for another edition of Week in Review, the newsletter where we quickly recap the most read TechCrunch stories from the past seven days. Want it in your inbox every Saturday morning? Sign up here. most read LEGS: The company formerly known as Facebook held its Meta Connect conference this week, where…
