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  • Early-stage venture firm The Fund launches in Australia June 16, 2021
    The Fund, the early-stage investment firm focused on pre-seed and seed startups, is going Down Under for its latest expansion. The Fund was founded in New York in 2018, before launching in Los Angeles, London, the Rockies and the Midwest, too. Co-founder Jenny Fielding, who is also managing director at Techstars New York, said The […]
  • EV battery swapping startup Ample charges up operations in Japan, NYC June 16, 2021
    EV battery swapping startup Ample has locked in two partnerships this month that will help fuel an expansion into Japan and New York City after years of working on the technology. The startup, which was founded in 2014 and came out of stealth in March, said Tuesday it has partnered with Japanese petroleum and energy […]
  • Apna raises $70 million to help workers in India secure jobs June 16, 2021
    Indian cities are home to hundreds of millions of low-skilled workers who hail from villages in search of work. Many of them have lost their jobs amid the coronavirus pandemic that has slowed several economic activities in the world’s second-largest internet market. Apna, a startup by an Apple alum, is helping millions of such blue […]
  • Lordstown Motors execs cite binding orders to restore confidence a day after CEO, CFO resignations June 15, 2021
    Lordstown Motors has enough “binding orders” from customers to fund limited production of its electric pickup truck through May 2022, executives at the company said Tuesday, just a day after an executive shakeup that included the resignation of the company’s CEO and CFO. Reaching that goal will come at a cost. The company is putting […]
  • 10x, a UK fintech, raises $187M to build new services for old banks June 15, 2021
    As so-called neobanks continue to gain more traction in the market with their more modern takes on banking and other financial services, a startup that’s building technology to help incumbent players better compete is announcing a big round of funding. 10x Future Technologies, a London-based fintech that helps larger, established banks build both next-generation services […]
  • Biden admin will share more info with online platforms on ‘front lines’ of domestic terror fight June 15, 2021
    The Biden administration is outlining new plans to combat domestic terrorism in light of the January 6 attack on the U.S. Capitol and social media companies have their own part to play. The White House released on Tuesday a new national strategy on countering domestic terrorism. The plan acknowledges the key role that online platforms […]
  • FamPay, a fintech aimed at teens in India, raises $38 million June 15, 2021
    How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out. Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, […]
  • Edtech investors are flocking to SaaS guidance counselors June 15, 2021
    “If you’re not going to an Ivy League, which is most of the world, you need better support than just going to a website.”
  • Daily Crunch: In $1.2B deal, EV battery maker Solid Power files to go public June 15, 2021
    Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
  • Scale AI CEO Alex Wang weighs in on software bugs and what will make AV tech good enough June 15, 2021
    Scale CEO Alex Wang joined us at TechCrunch Sessions: Mobility 2021 to discuss his company's role in the autonomous driving industry and how it's changed in the five years since its founding.
  • Uberall raises $115M, acquires MomentFeed to scale up its location marketing services June 15, 2021
    Location-based services may have had their day as a salient category for hot apps or innovative tech leveraging the arrival of smartphones, but that’s largely because they are now part of the unspoken fabric of how we interact with digital services every day: We rely on location-specific information when we are on search engines, when […]
  • Extra Crunch roundup: TC Mobility recaps, Nubank EC-1, farewell to browser cookies June 15, 2021
    What, exactly, are investors looking for?
  • Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022 June 15, 2021
    Pony.ai, the robotaxi startup that operates in China and the United States, has started testing driverless vehicles on public roads in California ahead of plans to launch a commercial service there in 2022. The company said the driverless vehicle testing, which means the autonomous vehicles operate without human safety drivers behind the wheel, is happening […]
  • Meet the mobile therapy startup backed by Christian Angermayer’s re:Mind Capital June 15, 2021
    Mental health startup Ksana Health has received $2 million in seed funding led by re:Mind Capital, the mental health VC arm of Christian Angermayer and Apeiron Investment Group. It’s a move informed by two trends: passive data collection, and a burgeoning mental health crisis in teens and young adults.  Ksana Health is an Oregon-based company […]
  • Founders Ben Schippers and Evette Ellis are riding the EV sales wave June 15, 2021
    EV sales are driving demand for services and startups that fulfill the new needs of drivers, charging station operators and others.
  • Telecom giant MTN said to have warned Nigerians of service disruption June 15, 2021
    Subscribers of MTN, the largest telecom provider in Nigeria, may soon face service disruption in the West African nation, according to a notice seen by some journalists and outlets.  A rise in insecurity challenges in Nigeria is likely to disrupt MTN’s service, Reuters and others said, citing an alert from customer service reps. Throughout this […]
  • How to identify unicorn founders when they’re still early-stage June 15, 2021
    The easiest traits to recognize as an investor is the founder’s ability to ace the fundraising process, crucial to which is the ability to think strategically and influence, inspire and persuade.
  • Facebook CEO Mark Zuckerberg hosts first test of Live Audio Rooms in US June 15, 2021
    In April, Facebook announced a slew of new audio products, including its Clubhouse clone, called Live Audio Rooms, which will be available across both Facebook and Messenger. Since May, Facebook has been publicly testing the audio rooms feature in Taiwan with public figures, but today the company hosted its first public test of Live Audio […]
  • Solar concentration startup Heliogen basks in $108M of new funding June 15, 2021
    Sunlight is a great source of energy, but it rarely gets hot enough to fry an egg, let alone melt steel. Heliogen aims to change that with its high-tech concentrated solar technique, and has raised more than a hundred million dollars to test its 1,000-degree solar furnace at a few participating mines and refineries. We […]
  • Biden elevates tech antitrust crusader Lina Khan to FTC chair June 15, 2021
    The Senate confirmed Big Tech critic and prominent antitrust scholar Lina Khan as FTC Commissioner Tuesday. In a strong and surprising signal that the tech industry is overdue for some intense regulatory scrutiny, Biden elevated the newly-confirmed Khan to chair the agency the same day. Khan was confirmed in a 69-28 vote, with Republicans joining […]