In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the […]
Next-day package delivery startup Veho valued at $1B following $125M Series A
Veho’s technology matches package delivery demand with qualified driver partners and lets customers know the actual time of delivery and even communicates when the driver is headed their way.
Overjet sinks its teeth into another round of capital for its dental AI tech
Overjet is now covering nearly 75 million members through its dental insurance partnerships.
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 […]
Cover, a modular home builder that’s modeled in ways after Tesla, has raised a $60 million Series B
There are lots of startups now working on modular home design. Among the most interesting is Cover, a seven-year-old, LA-based company that says it manufactures fully complete wall, floor and roof panels in its factory, then transports them on a standard truck and assembles them on site — without a crane. The materials it is […]
Sequoia dramatically revamps its fund structure as it looks to rethink venture capital model
Sequoia Capital is debuting a big shift in strategy as they look to boost their returns amid increased competition in the market for startup financing. The storied venture capital firm announced in a blog post today that they’re breaking with tradition, abandoning the traditional fund structure and their artificial timelines for returning LP capital. The […]
Tiger Global backs African fintech Mono in $15M Series A round
Mono, an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors […]
Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion. This news is notable for a few reasons. For one, it’s a staggering sum for any […]
General Catalyst, Abstract back Wanderlog’s $1.5M round for collaborative travel
The free itinerary maker and road trip planner takes the best parts of Google Docs and Maps and enables users to import the information and map out their trips with others.
Osana Salud raises $20M to build API-connected infrastructure for the LatAm healthcare industry
Osana Salud, which aims to transform the healthcare infrastructure in Latin America, has closed on a $20 million Series A round of funding led by General Catalyst. The Argentina-based, yet fully remote, startup was founded in 2019 — just a few months before the pandemic. Since launching less than a year ago, Osana says it […]