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Carrier billing startup Boku to raise £45M in London IPO November 20
Nov 13, 9:38AM
Boku, the startup that partners with Apple in its rollout of carrier billing for the App Store, expects to raise £45 million ($60 million) on a post-money valuation of £125 million ($164 million) when it goes public on November 20, a week from today. The company — which also works with Google, Microsoft, Facebook, Spotify and some 173 carriers to allow users to pay for digital goods… Read More
Former PhotoBox CEO Stan Laurent joins Highland Europe as Partner
Nov 13, 9:00AM
Stan Laurent is Highland Europe‘s newly appointed Partner. Until recently he served as chief executive of PhotoBox, the photo-printing consumer company that also owns Moonpig. Read More
Startups and investors get connected at Disrupt Berlin with CrunchMatch
Nov 13, 8:55AM
Whether you’re a founder on a fundraising mission or an investor searching for the perfect addition to your portfolio, you want to make the most of your time at Disrupt Berlin. But with thousands of attendees, how do you cut through the noise to make the right connections with the right people? It’s CrunchMatch to the rescue. What is CrunchMatch? Imagine a personalized dating… Read More
Graphcore raises $50M amid a flurry of AI chip activity
Nov 13, 6:00AM
While some of the largest chip manufacturers are looking to shift their focus onto the GPU for their biggest machine learnings, there’s a blooming ecosystem of new chip startups looking to rethink the way processing for AI works That includes a European-based startup called Graphcore, which said today that it has raised $50 million in new financing led by Sequoia Capital — following… Read More
How one of America's most powerful policemen learned to love social media after Hurricane Harvey
Nov 13, 5:00AM
It hasn’t been a great few weeks for social media companies like Facebook and Twitter. But in spite of all the undeniable problems associated with fake news, it’s worth reminding ourselves of the equally undeniable civic value of social media. Take, for example, the role of social media in the response in Houston to Hurricane Harvey. According to Art Acevedo,… Read More
Uber confirms SoftBank has agreed to invest billions
Nov 12, 11:43PM
The paperwork’s done! The long-anticipated SoftBank Group investment into Uber has been agreed upon, a spokesperson confirms to TechCrunch. We’ve been provided the following statement. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote of confidence in Uber’s… Read More
SoftBank looks to finalize Uber investment today
Nov 12, 8:54PM
After months of talks, SoftBank Group is close to finalizing its investment in Uber. Multiple sources tell TechCrunch that the deal is expected to be signed later in the day on Sunday. SoftBank plans to lead a $1 billion investment directly in the company alongside Dragoneer Investment Group. The joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a… Read More
Arab springs and AI winters
Nov 12, 5:00PM
Remember the Arab Spring? “Revolution 2.0”? Remember how we imagined, full of triumphal optimism, that social media would become the web that knit the oppressed masses together, would empower them to join forces and overthrow their oppressors and stride shoulder-to-shoulder together into a better world? Yeah, those were the days. But now — “disillusioned”… Read More
I watched 1,000 hours of YouTube Kids' content and this is what happened…
Nov 12, 10:18AM
What do you get if you endlessly recombine Spiderman and the Joker with Elsa from Frozen and lashings of product placement for junk food brands like McDonalds? Read More
Uber's new Asia chief wants to work with governments and taxi firms not against them
Nov 12, 6:15AM
New CEO Dara Khosrowshahi has been vocal in pledging to reform Uber’s toxic culture to take the business to the next level — and ultimately an IPO — but, over in Asia, another recent arrival is presiding over a revamped approach which includes turning those who were once enemies into friends. Brooks Entwistle, a former Chairman of Goldman Sachs Southeast Asia, joined… Read More
What it's like cooking with meal kit startup Chef'd
Nov 11, 10:15PM
I’ve tried both Blue Apron and HelloFresh before, but I don’t like being locked into some subscription, so I decided to go with Chef’d this time around. Chef’d, which raised $35.2 million in August from strategic investors like pork producer Smithfield Foods and online grocer Fresh Direct, is different in that you don’t need to subscribe to anything, ever. There… Read More
Physical storage startup Makespace has a new CEO to represent it
Nov 11, 9:38PM
Makespace, one of the many startups that launched to give consumers a new option for storing their stuff, has a new chief executive, TechCrunch has confirmed. The company’s thirty year-old co-founder and chief executive Sam Rosen is stepping down to make room at the top for Rahul Gandhi, Rosen’s fellow founder and Makespace’s chief operating officer. News of the change at the… Read More
These are the US startups that Russian investors are backing
Nov 11, 7:11PM
A taxi-hailing app. A transplant device developer. An online mortgage provider. Those businesses may have little in common, but one shared thread is that U.S. startups in these sectors have all secured large funding rounds led by Russia-based investors. They’re not alone. Over the past seven years, Russia-based e investors have participated in more than 300 funding rounds for… Read More
Imagining Instagram: Stories-first
Nov 11, 7:11PM
Time spent by people watching Instagram Stories — which is temporary sharing with private replies — could someday significantly surpass time spent in the Instagram Feed, which is the permanent stream of photos and videos with comments. Although numbers comparing sharing and time spent between Stories and Feed are not available, there’s more to be done. Read More
Robin goes all in on robotic lawn care and focuses on franchising
Nov 11, 7:01PM
Robin, which pitched a combined “Uber for lawn care” and robotic-lawnmower-as-a-service at Disrupt SF’s Startup Battlefield last year, is making some big changes. It quietly sold the first part to Porch earlier this year, and is now focused on expanding the robot service nationwide via a franchising plan. (And they’re going to be on Shark Tank.) Read More
China's second largest e-commerce firm just showed Alibaba has competition
Nov 11, 6:21PM
Alibaba invented China’s biggest shopping day — 11/11 aka Single’s Day — and it dominates the headlines with record sales year-on-year, but another company just stepped out to remind us that others are busy trying to close the gap. JD.com, the perennial challenger to Alibaba’s e-commerce empire in China, just revealed its 11/11 figures for the first time. While… Read More
Alibaba smashes its Single's Day record once again as sales cross $25 billion
Nov 11, 4:34PM
Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales on a platform. In Alibaba’s… Read More
Alibaba needed just 12 hours to equal last year's Single's Day sales
Nov 11, 4:28AM
Update: Alibaba ended Single’s Day with $25 billion in GMV Well, it’s 11/11 on the other side of the globe which means Alibaba is already raking in loads of cash from Singles Day, otherwise known as the biggest day for global online shopping of the year. The company has a running sales counter on its Alizila news website, which details the “gross merchandise volume” that… Read More
Crunch Report | Musical.ly to sell for at least $800 million
Nov 11, 4:07AM
Today’s Stories China’s Toutiao is buying Musical.ly in a deal worth $800M-$1B Uber loses UK tribunal appeal over driver employment rights Uber ‘Express POOL’ offers the cheapest fare if you’ll walk a little Facebook relaunches Events app as Facebook Local, adds bars and food Credits Written by: MRD Hosted by: MRD Filmed by: Chris Gates Edited by: Chris Gates Read More
Nintendo may make as many as 30 million Switches next year
Nov 11, 12:57AM
Rumors in early October had Nintendo more than doubling production for the highly successful Switch in order to meet what will almost certainly be crushing demand during the holidays. The company may be planning even higher volumes for next year — perhaps as many as 30 million consoles. Read More
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