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Hello and welcome to Daily Crunch for July 19, 2021. Venture capital used to have seasons. VCs weren’t working in December, and the July-August period could be a bit blurry. These variations have diminished. Turns out, chord making is pretty much the all-season theme now. Proof? Just read what’s below! – Alexis
The Top 3 TechCrunch
- Rappi raises $ 500 million: The on-demand economy is still hot around the world, which we can know for sure thanks to Rappi’s latest half-billion dollar hike. The Colombian delivery company is now worth $ 5.25 billion. That’s a lot of money. Per Crunchbase data, the unicorn has now raised over $ 2 billion since its inception. Rappi is present in nine countries and 250 cities in Latin America.
- Zoom acquires Five9: Well, the deal has been announced at least. It won’t close until next year. But the $ 14.7 billion deal is getting people talking. It’s a lot of money, and it’s a combination of two public companies. The two companies, of course, are previously venture-backed companies, and the deal could help set price scores for other software mergers and acquisitions. TechCrunch has an overview of the deal price here.
- Robinhood and Duolingo set prices for their IPOs: If you like watching the biggest tech companies go public, you’re in luck. We have received new infusions of data from Robinhood, the US consumer fintech giant, and Duolingo, the US edtech giant. Enjoy!
Startups / VC
- Sweetch is raising $ 20 million to help you blow off steam: If you’re wearing a smartwatch, you’ve received notifications at the wrong time. A helping hand to get up and move around, say, when you’re sitting in a restaurant. Sweetch wants to provide smarter incentives for people to take better care of themselves, touting it as a way to âoutsmart chronic diseaseâ. Considering how much we could all do better when it comes to health, I’m curious about how this startup works.
- Dover raises $ 20 million to make recruiting more organized: Recruitment is not a big process. Most of the time it’s done by hand and managed in spreadsheets, or maybe a system like Lever. But startups believe there is more room for improvement. Dover is one of those companies, hoping its software that helps recruiters “juggle and aggregate multiple candidate pools to automatically find suitable candidates, then manage the outreach process” is just the ticket. And now he’s grown to Tiger.
- Breakr wants to connect musicians and influencers: The days when radio was the way to break into the mainstream are definitely behind us. Startups like Breakr want to help musical artists navigate the new world by connecting them with people with their own audiences. Along the way, Breakr will take a 10% reduction in the cost of linking the two parties.
- Recapped Raises $ 6.3 Million For Better Selling Software: Similar to how Dover wants to help make the recruiting process smoother, Recapped wants to improve the sales process, including creating software that provides greater visibility into sales pipelines and providing buyers with a similar digital interface. to the one it provides to sellers. Anything to make buying things less horrible, please!
- Jones wants to simplify hiring commercial real estate salespeople: If you own a building, hiring people to do work in or on the building is fraught with responsibility. Jones just raised $ 12.5 million to help CME employees “find and hire the people they need in a consistent way.”
- TechCrunch announced that private equity group Carlyle is looking to spend over $ 400 million on LiveU, a live streaming service.
Founders: How do you really understand seed funding?
A famous poem advises us not to compare ourselves to others, “for there will always be people taller and smaller than yourself”.
The same goes for fundraising for startups; the size of your round will be determined solely by the immediate needs of your business and the investors you work with.
âRemember that fundraising is not the goal,â says Yin Wu, three-time former YC alumnus. âBuilding a successful business is. “
If you’re an early-stage founder looking for some clarification on how to allocate equity – or biting your nails about how much to raise – read this guide. It’s also a useful overview for first-time employees and co-founders who may be new to funding startups.
- How the financing works: SAFEs versus equity rounds.
- How much to increase.
- How to arrive at your evaluation.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
- Chaos in lidar-world: The CEO is at Velodyne, a lidar company that went public through a PSPC. The news follows many other post-SPAC dramas, reports our own Kirsten Korosec. In short, the IPO does not guarantee that a company’s ducks will stay lined up after its stock begins trading. Velodyne is now only worth $ 8.69 per share, down from $ 32.50.
- CNN will +: Yes, another streaming service with a “+” in its name is coming out. This time from the cable news pioneer and host of many unnecessary CNN panels. The company apparently hires a lot for this effort. CNN, I hereby offer to host a regular TechCrunch show on CNN +. Call me.
- Uber wants to deliver more carrots: That’s what we take away from the announcement that the rideshare giant is expanding its grocery delivery service to some 400 new cities. Uber also has revenue to come, so the timing of this news is no accident; the company will have something positive to discuss in case its earnings do not meet investors’ expectations for its trailing performance.
- Today in cybersecurity, the United States points the finger at China for “the mass hacking of Microsoft Exchange servers earlier this year, which prompted the FBI to step in as concerns grew that hacks could lead to widespread destruction,” TechCrunch reports. The climate for cyber fucking is changing, with nation states increasingly content to point fingers at China and Russia for bad behavior.
TechCrunch Experts: Growth Marketing
Join us tomorrow, July 20 at 5 p.m. ET on Twitter spaces to hear from Danny Crichton and MKT1, who we’ve previously interviewed for TechCrunch Experts, talk about the trends they’re seeing in growth marketing.
Announcement of the disruption phase program in September
We’re excited to bring you a closer look at the Disrupt Stage, where the biggest names in tech talk about their businesses, their projects, and the future of the great tech ecosystem.