Just a few weeks after announcing stock and crypto trading, French fintech startup Lydia is announcing that it has raised a $100 million Series C round. With this funding round, the startup has reached a unicorn valuation, which means that it is currently valued at more than $1 billion. Dragoneer and Echo Street are investing […]
TechCrunch+ roundup: Credit Karma post-exit, recruiting developers, re:Invent recap
The very day in Feb. 2020 that Credit Karma planned to announce that it had been acquired by Intuit for over $7 billion, the stock market tanked, spooked by news that a virus could start a pandemic.
The SEC is curious about Trump’s SPAC deal
Digital World Acquisition Corp. (DWAC) announced in a recent filing that it has received questions from the United States government regarding its anticipated combination with Trump Media & Technology Group (TMTG). TechCrunch covered the SPAC’s planned combination with the company associated with former U.S. President Donald Trump here. We were broadly skeptical of the deal, […]
TamatemGames raises $11M Series B led by PUBG maker Krafton
Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). Venture Souq, Endeavor Catalyst and existing investors also participated in the round. The Series B round brings its total […]
Stacked raises $35M to bring passive investing tools to retail crypto traders
Stacked, a web-based platform that provides passive investment tools for retail investors interested in crypto, just announced it raised a $35 million Series A co-led by Alameda Research, a crypto trading firm owned by FTX founder Sam Bankman-Fried. Bybit and BitDAO partner Mirana Ventures co-led the round alongside Alameda. Fidelity International Strategic Ventures, DRW Venture […]
Grab’s SPAC splat caps off a bad week for blank-check combinations
What goes up must come down. And what goes SPAC must go splat? We’ll keep workshopping that. Regardless, shares of super app Grab took a pounding today after its SPAC combination was approved last night and began to trade this morning. Grab’s stock initially rose, before falling sharply as the day went on. By the […]
Super app Grab starts trading on supersized SPAC combination
Grab will begin trading today on the Nasdaq under the ticker symbol “GRAB.”And it raised a pile of money in the process. Billions, in fact.
Picsart acquires R&D company DeepCraft in seven-figure deal to aid video push
SoftBank-based digital creation platform Picsart, which recently hit uniciorn status, announced today it’s acquiring the research and development company DeepCraft. The deal is a combination of both cash and stock and is in the seven-figure range, but the exact terms aren’t being disclosed. Picsart today offers a range of digital creation and editing tools aimed […]
Instant grocery delivery startup JOKR bags another huge round to enter unicorn status
The company touts itself as “one of the fastest companies to reach unicorn status in history.”
Hotel Engine raises $65M at a $1.3B valuation as corporate travel rebounds
With the pandemic heading into its second year, people all over the world are traveling more for work again. If you’ve flown anytime in the past few months, the packed planes are in part evidence of that. Further evidence that travel is rebounding lies in the number of people staying in hotels, and the money […]