Schwarz Group, an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. It may seem like a strange partnership, as Schwarz is best known as the owners of the Lidl and Kaufland supermarkets, but the company believes that extending into security will ultimately help benefit its retail […]
AutoCloud raises $4M to commercialize its OSS cloud visualization service
AutoCloud announced a $4 million seed round this morning. The cloud-focused startup’s investment was led by Animo Ventures, with participating checks from Uncorrelated Ventures, B Capital Group and Moxxie Ventures. AutoCloud is the commercial side of the CloudGraph open source project. The hybrid open source (OSS) and commercial combination is an increasingly popular startup method […]
What happened to Paytm’s IPO valuation?
Paytm’s IPO price was simply too high compared to its recent financial results. Trailing results matter as well, and Paytm’s were just too weak to support its IPO price.
Equity Monday: Paytm’s rocky debut gets rockier
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday week here in the United States. Yes, we here in the good ol’ States will be off the second half of this week. TechCrunch won’t […]
Ireland’s Fonoa raises $20.5M to help digital-first businesses stay tax compliant as they scale globally
There are myriad tax pain points that come from selling goods, content or services globally. As the world has seen a surge in cross-border transactions, digital-first businesses face the challenge of understanding and managing global tax and compliance matters as they grow and scale internationally. Enter Dublin, Ireland-based Fonoa. Founded by three ex-Uber alumni — […]
Kaszek leads Z1’s latest round as it develops its bank app aimed at LatAm teens
The new capital will provide support as the company aims to grow 10 times over the next 12 months and add new features to enhance the financial inclusion and literacy of customers.
Slope takes in first capital with visions of being ‘Stripe for global B2B payments’
The company is growing at an incredible pace — 15 times in gross merchandise volume in just the last 30 days.
Render secures $20M Series A to scale its DevOps cloud platform
DevOps cloud platform Render, which won our Disrupt SF 2019 Startup Battlefield, announced today that it closed a $20 million Series A funding round led by Addition alongside existing investors General Catalyst and South Park Commons. Addition first made a small investment in Render in February 2020 when the company was not looking to raise […]
3 ways fractional CFOs can fast-track a startup’s success
Whether a fractional CFO is hired for the short term or for an extended stay, companies are seeing that bringing in this expertise early on can truly change their trajectory.
As crypto unicorns multiply, the US stands out as ground zero for blockchain winners
The market for crypto-focused investing is growing rapidly. News that Paradigm put together a $2.5 billion fund the other day is a reminder of the scale of funds now available to startups looking to build on the blockchain. Andreessen Horowitz has a mega-fund in the market as well, while Coinbase Ventures is setting a blistering […]