TechCrunch

JUNE 21, 2021

And if you want to build one in a sector crowded by both incumbent companies and richly funded startups, it can be super expensive. Here are the big numbers: 57% revenue growth from £166 million in 2019 to £261 million in 2020. Gross profit growth of £123 million in 2020, up 215% from 2019. — Alex.

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TechCrunch

OCTOBER 26, 2022

” Consolidation followed, TechCrunch’s Kyle Wiggers noted , “as incumbents in adjacent sectors saw the opportunities presented by cloud cost optimization. Meanwhile, cloud cost-optimization tools (represented by Spot, Granulate) allowed for tactical changes to lower costs.” Microsoft in 2017 acquired Cloudyn [ … ].

incumbents 98

incumbents SaaS innovation opportunity 98

TechCrunch

JANUARY 7, 2021

Mambu has been seeing 100% growth year-on-year, but notably, Mambu covered 50 markets when it last raised money, €30 million in 2019 , so you can argue it has some investing and expanding to do on that front. offices established in Miami.). That could lead to consolidation, too.

SaaS 126

SaaS incumbents opportunity disruption 126

Tomasz Tunguz

DECEMBER 18, 2019

Software M&A in 2019 reached about $170B up from $136B in 2018, up 25%. And incumbents desire as much of that as possible for themselves. In it, 65% of founders believe the fundraising market in 2020 will present more challenges than 2019. Here are my 2019 predictions and my analysis of them. wrong and 3.5

incumbents 62

incumbents SaaS sustainability collaboration 62

TechCrunch

FEBRUARY 10, 2021

As it stands, 2006-founded Northmill is available in Sweden, Norway and Finland, where it competes with incumbent banks with physical branches and the likes of Lunar, Revolut and Klarna (which operates as a bank in its home country of Sweden, and Germany). Next stop, Norway. Making sense of Klarna.

incumbents 93

incumbents sustainability board accelerator 93

TechCrunch

JUNE 9, 2022

In total, the company has raised over $150 million in equity funding since its 2019 inception. One advantage for Klar, according to Möller , is that its “cost to serve a user” is about 1/20 of what the incumbents pay. I tie it back to complacency from the incumbents. WTI provided $20 million in venture debt, Möller said.

incumbents 97

incumbents opportunity financing finance 97

TechCrunch

MAY 5, 2022

million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 At the same time, the incumbent banks are stuck with their mainframes, IBM contracts, and software written in COBOL,” he wrote via email.” Canadian digital bank Neo Financial has raised $145.2

incumbents 97

incumbents networking financing finance 97

TechCrunch

JUNE 16, 2021

And while a new generation of “insurtech” startups have emerged in recent years that are bringing more modern processes into the equation, typically the incumbent major insurance companies — the ones that Tractable targets — have lacked the technology to improve that process.

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incumbents opportunity technology board 115

TechCrunch

DECEMBER 16, 2021

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools.

incumbents 87

incumbents hospitality collaboration enablement 87

TechCrunch

SEPTEMBER 24, 2021

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 In fact, of the $348 billion in annual sales generated by the top 25 food and beverage incumbents in the U.S.,

ventures 97

ventures incumbents startup health 97

TechCrunch

AUGUST 30, 2021

billion (up from $1 billion in its previous fundraise in 2019), sources told TechCrunch, requesting anonymity as the matter is private. Incumbents, despite all their resources have launched products which appear as another variant of an ICE product and lack the punch. billion to $3.5

peer-to-peer 99

peer-to-peer incumbents accelerator financing 99

TechCrunch

JULY 14, 2021

The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Consume r credit cards yielded an estimated $150 billion in revenue for traditional banks in 2019, but startups only captured a small fraction of the value. Accomplice and Greycroft co-led its $7 million Series A last June.

incumbents 95

incumbents financing finance innovation 95

AsiaTechDaily

JANUARY 19, 2023

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. He was also Exeucitive Director – Head of the Banking Service, Licensing, and Treasury Operation Department at the Bank Indonesia from 2019 to 2022.

peer-to-peer 54

peer-to-peer incumbents accelerator economic growth 54

TechCrunch

MAY 25, 2022

After emerging from stealth in 2019, Sima.ai 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. ”) But the startup stands to profit handsomely if it can capture even a sliver of the sector.

startup 95

startup accelerator incumbents disruption 95

TechCrunch

JULY 19, 2021

Though he began in 2017, Adams, who has a background in sports technology, said he spent a few years working on prototypes before launching the first products in 2019. The company estimates it helped keep more than 2,000 pounds of food from being wasted and saved 250,000 gallons of water since launching in 2019.

incumbents 98

incumbents sustainability ventures investing 98

TechCrunch

DECEMBER 15, 2022

Virgio says consumers’ fashion preferences are changing rapidly and they are not satisfied with the incumbents’ offerings. (Virgio says it was founded this year, but hasn’t disclosed its seed funding round.). Its eponymous app has already amassed over 100,000 downloads, it said.

startup 76

startup incumbents media financing 76

TechCrunch

FEBRUARY 23, 2023

.” Several years ago, the market for cloud optimization software and “ FinOps ,” while nascent, was consolidating as incumbents in adjacent sectors saw the opportunities presented by cloud cost optimization. Microsoft in 2017 acquired Cloudyn, which provided tools to analyze and forecast cloud spending.

investing 92

investing investment peer-to-peer startup 92

TechCrunch

APRIL 26, 2022

OnTime is the ride-hailing service introduced by GAC in 2019 as one of the newcomers competing with incumbent Didi, many of which are either operated by auto OEMs or are close to one. WeRide has been known to be an ally of GAC, which infused it with an undisclosed amount of strategic investment last December.

transportation 90

transportation incumbents financing finance 90

Hunter Walk

MAY 17, 2024

Are there specific paths/opportunities in AI that you believe startups are actually better qualified to take advantage of than incumbents? Textio relied on both of these strategies for a few years before launching our first truly generative AI capabilities back in 2019. KS: Isn’t this the trillion-dollar question?

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founder startup coworking culture 80

TechCrunch

AUGUST 17, 2022

Including the company’s debut round of $110 million led by Pitango when it first came out of stealth mode in 2019, DriveNets has now raised just over $580 million. “We have seen in the past couple of years some of the incumbent networking vendors starting to adopt our model,” said Susan.

networking 77

networking peer-to-peer incumbents innovation 77

TechCrunch

JUNE 29, 2022

According to a 2019 report from Credit Karma , 46% of taxpayers expected to get refunds of more than $1,000 for their 2019 taxes — meaning they were overestimating their income taxes throughout the year. ” Countless vendors offer online tax prep services, including incumbents like TurboTax and H&R Block.

incumbents 87

incumbents financing finance advice 87

TechCrunch

DECEMBER 7, 2021

It then went on to secure another $15 million in Series A funding and $40 million in Series B funding in 2019. The Series B in 2019 was about proving the technology and now with Series C, it can bring products to market and leverage the capital to drive scale, he added. We profiled the company back in 2015 when it raised $1.7

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incumbents enablement technology capital 99

Entrepreneurs' Organization

APRIL 12, 2019

In today’s Octane blog, we bring EO members and non-members alike behind the scenes of 2019 EO Global Leadership Conference Macau (GLC), profiling Leonard Brody, one of the event’s carefully selected speakers who is known as “a leader of the new world order.” Along with new competition comes new opportunity.

disruption 130

disruption incumbents leadership innovation 130

TechCrunch

NOVEMBER 16, 2022

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. Akeyless has customers across the retail, fintech, insurance and gaming sectors, among others, including Wix and Outbrain.

incumbents 86

incumbents development venture capital capital 86

Tomasz Tunguz

DECEMBER 18, 2018

Here are some predictions for 2019 and a review of my thoughts for 2018, many of which were wrong. Startups begin to siphon off important but underserved segments of SaaS incumbent’s customer bases. Looking forward to a great 2019. The M&A market slows meaningfully , especially at the multi-billion dollar level.

SaaS 71

SaaS incumbents pitching strategy 71

TechCrunch

NOVEMBER 15, 2022

Besides incumbents like Adobe, there are startups such as Reduct.Video , which uses AI, natural language processing and other tech to automatically create editable transcripts. .” Descript isn’t the only company competing in the audiovisual content editing space.

media 94

media incumbents creativity energy 94

TechCrunch

AUGUST 24, 2021

million since its 2019 inception. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. It’s also notable that São Paulo-based Cora only raised its $26.7 The startup has now raised a total of $152.7

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incumbents capital financing finance 96

TechCrunch

FEBRUARY 10, 2021

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. Kim, who immigrated to the U.S. That fall, the startup (short for Tomorrow’s Credit) was accepted into the Barclays Accelerator, powered by Techstars.

incumbents 101

incumbents financing finance accelerator 101

TechCrunch

APRIL 7, 2021

New Enterprise Associates (NEA) led its $20 million Series A in May of 2019. The challenger bank was created to target millennials dissatisfied with the incumbent banking options.

incumbents 98

incumbents financing finance innovation 98

TechCrunch

MAY 11, 2021

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. Spring Labs founder and CEO Adam Jiwan told TechCrunch that the two companies’ recent partnership evolved out of a series of discussions that began a couple of years ago.

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collaboration incumbents networking disruption 95

Both Sides of the Table

APRIL 18, 2019

While the Bird Zero has shown massive improvements, as you can imagine the company has built an entire vehicles team and designed an entire roadmap of scooters that will hit the roads in 2019 / 2020. You can’t simply drop a bunch of electric scooters in a market and hope to compete with the data and software advantages of the incumbents.

transportation 250

transportation incumbents disruption financing 250

Y Combinator

DECEMBER 8, 2021

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. Monzo attacked incumbent models by creating an entirely app-based experience where customers could open a checking account from their phone for free.

peer-to-peer 40

peer-to-peer incumbents financing finance 40

TechCrunch

JANUARY 14, 2021

The company was founded in April 2019 by Bijan Moallemi, Brian Campbell and Joe Garafalo, who worked together at Palantir in the company’s finance team for more than 15 years collectively. Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. Screenshot of Mosaic’s planning function.

financing 98

financing finance incumbents consulting 98

TechCrunch

MAY 3, 2023

This, along with the platform’s emphasis on no-code capabilities, differentiates Pando from incumbents like SAP, Oracle, Blue Yonder and E2Open, Jayakrishnan asserts. billion in 2019. Customers can customize the tools and apps or build their own using Pando’s APIs. The result of those major disruptions?

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investing investment startup transportation 100

TechCrunch

SEPTEMBER 14, 2021

“My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”. Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. billion of value in the U.S.

incumbents 98

incumbents collaboration capital culture 98

TechCrunch

MARCH 16, 2023

Founded by Yuri Frayman, Leon Kuperman and Laurent Gil in 2019, Cast AI — powered by AI, as the name implies — analyzes a company’s cloud usage to attempt to find the optimal cost-performance ratio. In 2017, Microsoft acquired Cloudyn, which provided tools to analyze and forecast cloud spending.

incumbents 98

incumbents investing investment opportunity 98

TechCrunch

DECEMBER 10, 2021

Though they officially started the company in 2019, Busaba and Spies didn’t launch their first product, the raw dog food, until 2020. It was during that time that she became a dog walker and realized what was needed in the dog food space. Maev founder and CEO Katie Spies. Image Credits: Maev .

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incumbents innovation education ventures 89