South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sachs. Returning investors in the round include CLSA Lending Ark Asia and 500 Global. The latest funding brings the total raised by PeopleFund to about $83.6 […]
With $3B expected in 2021, Singapore is becoming a fintech capital
Despite its small size (less than 5 million total population), Singapore is quickly reaching investment levels of countries many times its size.
Daily Crunch: AWS unveils new open source autoscaling tool Karpenter at customer conference
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
TechCrunch+ roundup: Jack leaves Twitter, Black Friday data, Nubank lowers IPO pricing
Perhaps it should be pro forma for corporate boards in search of a new CEO to start by talking to the company’s longtime engineers, product managers and marketing leads.
Energy Dome uses CO2 for long-term power storage for solar energy
Longer-term energy storage is a drag, and a lot of battery tech has been focusing on “how quickly can we charge these batteries so I can drive my EV for another couple of hundred miles.” That’s a fundamentally different problem than trying to capture the power of the sun for 12 hours, before releasing the […]
8 disappointing investor archetypes: How founders can stop falling for them
In the spirit of helping founders look beyond the promises of value, let’s delve into some common archetypes of investor relationships that founders experience post-investment.
Massive wants to rent your spare compute power to pay for apps
Startups are often questions: What if we did things in a new way, instead of the way we have been? Massive is a good example of the genre: What if users could pay for apps or services not with money or attention, but with their spare compute power? The general concept of distributed compute power […]
ThreeFlow raises $45 million to scale its employee benefits placement software
ThreeFlow, which provides software for insurance brokers selling employee benefits, announced today that it raised $45 million in Series B funding. New investor Accel led the round alongside existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners. The Chicago-based company, formerly known as WatchTower, raised $8 million for its Series A round in […]
Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures
Q-CTRL, a Sydney-based startup that provides quantum control engineering solutions, announced today it has raised a $25 million Series B led by Airbus Ventures with participation from Ridgeline Partners, Main Sequence Ventures, Horizons Ventures, SquarePeg Capital, Sierra Ventures, DCVC, Sequoia Capital China and InQTel. The latest funding will support hiring staff and enable new data-as-a-service […]
Abacum, a SaaS for finance teams, adds $25M in Atomico-led Series A
Abacum, a SaaS maker geared toward upgrading mid-sized companies’ financial planning and analysis tools, has fast-followed the $7 million seed it raised earlier this year (April) with a $25M Series A round. The latest funding brings its total raised to date to $32M. The Series A is led by European VC Atomico, with participation from […]