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My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents. But we were kind of testing it with some real customers.

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. billion in 2019. The result of those major disruptions?

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

Enter Omaha, Nebraska-based Breeze , the company Nabity started in 2019 with Cody Leach to enable individuals to go online and complete in 10 minutes the application process to receive a personalized quote for either disability insurance or critical illness insurance.

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To reach fintech’s next level, infrastructure providers must address these pain points

TechCrunch

Innovation continues to drive new developments in lending, payments, crypto and, in particular, infrastructure, showing that the industry still has lots of room for growth. And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. But fintech is resilient.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. Another company competing in the increasingly saturated segment is Sima.ai , which is developing a system-on-chip platform for AI applications — particularly computer vision applications.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. The injection of cash will be used for continued geographical expansion and to accelerate the development of new products. Next stop, Norway.

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

The Long Island-based company was founded in 2019 by Hungryroot co-founder Gregory Harry Struck after he adopted a plant-based diet while battling cancer. “It Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner. Immi takes in $3.8M