Peloton today announced that it will be cooperating with the U.S. Consumer Product Safety Commission (CPSC), agreeing to two voluntary treadmill recalls for the Tread+ and Tread versions of its home treadmill system. Those who have purchased the systems can contact the connected fitness company for a refund. CEO John Foley offered a contrite statement…
Flextock, one of the 10 African startups from the recent Y Combinator winter batch, has bagged an impressive pre-seed round just two months after graduation. The five-month-old company, which helps consumers and businesses manage e-commerce and fulfillment operations — from warehousing and logistics to delivery and cash collection — has closed a $3.25 million pre-seed…
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SpaceX has launched 60 more of its Starlink internet broadband satellites — on ‘Star Wars Day,’ no less, and only five days after it launched the last batch. The company has now delivered 420 Starlink satellites since the beginning of March, a sum that SpaceX CEO and founder must not be aware of because he…
HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers, announced today that it has raised $155 million in a Series D round led by Durable Capital Partners LP. Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors as well as existing backers Norwest Venture Partners and…
Arrival, the electric vehicle manufacturer that’s attempting to do away with the assembly line in favor of highly automated microfactories, is partnering with Uber to create an EV for ride-hail drivers. Arrival expects to reveal the final vehicle design before the end of the year and to begin production in the third quarter of 2023.…
Arrival, the electric vehicle manufacturer that’s attempting to do away with the assembly line in favor of highly automated microfactories, is partnering with Uber to create an EV for ride-hail drivers. Arrival expects to reveal the final vehicle design before the end of the year and to begin production in the third quarter of 2023.…
Sony and Discord have announced a partnership that will integrate the latter’s popular gaming-focused chat app with PlayStation’s own built-in social tools. It’s a big move and a fairly surprising one given how recently acquisition talks were in the air — Sony appears to have offered a better deal than Microsoft, taking an undisclosed minority…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You…
Hangry, an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. The round was led by returning investor Alpha JWC Ventures, and included participation from Atlas Pacific Capital, Salt Ventures and Heyokha Brothers. It will be used to increase the number of Hangry’s…
