March 5, 2021
Countingup closes £9.1M for its business current account with built-in accounting features – TechCrunch

Countingup, the U.K. fintech offering a business current account with built-in accounting features, has closed £9.1 million in Series A investment. Leading the round is Framework Venture Partners, with participation from Gresham House Ventures, Sage and existing investors. It’s noteworthy that Countingup has previously taken investment from ING, and the addition of Sage as a…

March 5, 2021
Hopin confirms $400M raise at $5.65B valuation – TechCrunch

This morning Hopin, a virtual events platform and video-focused software service, announced that it has closed a $400 million Series C. The new capital values Hopin at $5.65 billion. Both numbers match prior TechCrunch reporting that the company was targeting a $400 million raise at a valuation of between $5 billion and $6 billion. Andreessen…

March 4, 2021
Ford to go all-electric by 2030 in EV-loving Europe

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March 4, 2021
Unraveling ThredUp’s IPO filing: Slow growth, but a shifting business model – TechCrunch

Another day, another venture-backed IPO filing. Today it’s ThredUp, a used-goods marketplace that is approaching the public markets in the wake of Poshmark’s own strong debut. Both companies have a related market focus, albeit different approaches to selling used goods. Poshmark allows users to sell clothing items through its app. ThredUp, in contrast, acquires goods…

March 4, 2021
Walter Isaacson on CRISPR, Jennifer Doudna, Gene Editing, and the Future of the Human Race (#503)

Illustration via 99designs“The molecule is going to become the new microchip.”— Walter Isaacson Walter Isaacson (@WalterIsaacson) is a professor of history at Tulane, has been CEO of the Aspen Institute, chair of CNN, and editor of Time. He is the author of Leonardo da Vinci; The Innovators; Steve Jobs; Einstein: His Life and Universe; Benjamin…

March 4, 2021
Luxury air travel startup Aero raises $20M – TechCrunch

Aero, a startup backed by Garrett Camp’s startup studio Expa, has raised $20 million in Series A funding — right as CEO Uma Subramanian said demand for air travel is returning “with a vengeance.” I last wrote about Aero in 2019, when it announced Subramanian’s appointment as CEO, along with the fact that it had…

March 4, 2021
Crypto company Anchorage raises $80 million after getting federal banking charter – TechCrunch

Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore’s sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today’s funding round. The thinking behind this funding round is quite simple. Some companies, such as Tesla or Square, have recently chosen to invest…

March 4, 2021
DigitalOcean’s IPO filing shows a two-class cloud market – TechCrunch

This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms. The cloud hosting company was…

March 4, 2021
Newsela, the replacement for textbooks, raises $100M and becomes a unicorn – TechCrunch

Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by new investor Franklin Templeton, and brings Newsela’s valuation to $1 billion. The new round is larger…

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