TechCrunch

JANUARY 25, 2021

In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Public fintech stocks rose 97% in 2020. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Second, liquidity.

incumbents

TechCrunch

JANUARY 29, 2021

Benoit Wirz , partner, Brighteye Ventures (an active edtech-focused venture capital fund in Europe that backs YouSchool, Lightneer and Aula). Charles Birnbaum , partner, Bessemer Venture Partners (a generalist fund with portfolio companies including Guild Education and Brightwheel). Jerry Lu , senior associate, Maveron.

VC

TechCrunch

JANUARY 28, 2021

Last year brought a flurry of record-breaking venture capital to the sector. billion in venture capital across 265 deals during 2020, compared to $1.32 billion in venture capital across 265 deals during 2020, compared to $1.32 billion last year, compared to $4.7 billion in 2019.

education

TechCrunch

JANUARY 16, 2021

Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Data-driven AppsFlyer, spearheaded by Oren Kaniel, is an exciting mobile-attribution company that is rapidly growing ($200 million+ ARR in 2020) yet maintains a unique DNA.

startup

TechCrunch

APRIL 30, 2021

The data is based on a sample of 2,500 companies that have used AngelList to syndicate deals from 2013 through 2020. In the never-ending stream of venture capital funding rounds, from time to time, a group of startups working on the same problem will raise money nearly in unison. How to fundraise over Zoom more effectively.

startup

TechCrunch

AUGUST 23, 2022

Launched in 2020, Solana gained worldwide renown for being one of the fastest blockchains with a rapidly growing developer ecosystem. So how should startups that have incumbents to take on, other startups to best, or both, approach the balance between growth and spend this year? Speeding Up Crypto. with Anatoly Yakovenko (Solana).

disruption

TechCrunch

FEBRUARY 19, 2021

Following up on our May of 2020 survey of the sector and about the impact of COVID-19 in particular , TechCrunch spoke with 10 investors about the state of mobility, which trends they’re most excited about and what they’re looking for in their next investments. Shawn Carolan , partner, Menlo Ventures. The upshot?

transportation

TechCrunch

JULY 13, 2022

Booz Allen Hamilton, the Virginia-based, defense-focused IT consulting firm, today announced the launch of a corporate venture capital arm, Booz Allen Ventures, that will initially put $100 million toward “strategic” defensive and offensive technologies.

ventures

TechCrunch

SEPTEMBER 8, 2021

” Despite the VC flurries of 2020 creating an ecosystem of seemingly endless equity, it’s important for entrepreneurs and founders to understand that there is no one-size-fits-all model for raising capital. People tend to think that category creation is less risky than incumbent disruption.

strategy

TechCrunch

DECEMBER 15, 2021

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The “last time” was a $15 million Series D round in 2020, also led by Novator. The marketplace now has more than 30,000 items.

peer-to-peer

TechCrunch

FEBRUARY 1, 2022

Fintech tailwinds, strengthened by the COVID-19 pandemic in 2020, only accelerated in 2021. Despite a roughly 30% draw-down in the last months of 2021, the Matrix Fintech Index continued to beat the broader market as well as incumbent financial service companies.

incumbents

TechCrunch

MARCH 21, 2022

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. reported this month that $51 billion of venture capital was invested into U.S. London & Partners and Dealroom.co

capital

TechCrunch

JUNE 30, 2021

Ribbit Capital led the financing, which also included participation from DST Global, NFX and Zigg Capital. Former Zillow executives Greg Schwartz and Carey Armstrong founded Stamford, CT-based Tomo in the fall of 2020 to take on big banks when it comes to providing mortgages to consumers. No doubt it has plenty of competition.

real estate

TechCrunch

FEBRUARY 4, 2021

That platform, called Flink , attracted the attention of Silicon Valley-based venture capital firm Accel, which just led a $12 million Series A for the company. Since launching its first brokerage product in July of 2020, Flink has surpassed 1 million users and 800,000 active brokerage accounts.

investment

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. It ended 2020 with less than 10 million accounts total. billion in transaction volume a month.

incumbents

TechCrunch

AUGUST 24, 2021

The fintech then launched its product in October 2020 and today offers a checking account combined with a software layer that aims to help SMBs manage their financials. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”.

incumbents

TechCrunch

OCTOBER 1, 2021

GV (formerly Google Ventures) led its $20 million Series A this year, and Menlo Ventures led its $4.2 million seed financing in the summer of 2020. The pair teamed up in 2020 to come up with a platform that would give FP&A teams the ability to “seamlessly” work across planning and reporting cycles.

financing

TechCrunch

APRIL 13, 2023

” Image Credits: Bria Adato co-founded Bria when the pandemic hit in 2020, and the company’s other co-founder, Assa Eldar, joined in 2022. ” Those competitors include incumbents like OpenAI, Midjourney and Stability AI, as well as Jasper , whose generative art tool, Jasper Art, also targets enterprise customers.

startup

TechCrunch

FEBRUARY 2, 2022

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

enablement

TechCrunch

APRIL 14, 2022

Armed with knowledge and data that it had gathered over the years, Welcome Tech in November of 2020 launched a banking service, including a debit card and bilingual mobile app. “We I think that’s a big moat around any of the incumbents,” he said. “In the company says.

education

TechCrunch

SEPTEMBER 18, 2022

In 2020, digital bank Varo became the first-ever all-digital nationally chartered U.S. This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. A chartered bank is often associated with a commercial bank.”.

real estate

TechCrunch

JANUARY 15, 2023

I’ve been writing about Human Interest since March 2020, covering each of its funding rounds since then ( here , here and here ), and following its impressive growth. It looks like incumbent banks and institutions are still struggling when it comes to offering tech-enabled financial services. billion, had cut 10% of its staff.

incumbents

TechCrunch

APRIL 26, 2022

A 2020 study from the Harris Poll, commissioned by AI vendor Interactions, estimates that 46% of customer interactions are automated — a percentage the coauthors predict will rise to 59% over the next two to three years. ” To date, Replicant has raised $110 million in venture capital. billion by 2026.

incumbents

TechCrunch

APRIL 3, 2022

It’s another example of an incumbent recognizing that it makes more sense to buy a company that has developed technology that it wants rather than building it out itself – a process that would take far longer and require more resources than a simple acquisition would. “We But what’s important is how the failure happened.”

startup

TechCrunch

OCTOBER 1, 2021

In a detailed overview of venture debt options, Andy Weyer, managing director of technology at Runway Growth Capital, shares three use cases depicting how debt capital can benefit borrowers hoping to retain leverage for future rounds or access working capital. Which form of venture debt should your startup go for?

finance

TechCrunch

DECEMBER 5, 2020

But we’ll remember 2020 as the year that venture truly joined the cloud. Image Credits: Brighteye Ventures. SaaS is continuing to be reshaped by consumer internet techniques, with top companies of our era competing through word-of-mouth growth versus incumbent sales forces. Edtech looks to the future. TechCrunch.

education

TechCrunch

AUGUST 17, 2021

The futurists were right on schedule: In 2020, Mountain View-based Nuro was testing its second-generation R2 robotic vehicle, the first to earn a federal exemption to operate an autonomous vehicle. “But lately, fintech upstarts are the ones doing the acquiring.”

incumbents

TechCrunch

AUGUST 12, 2021

In 2020, it issued over two million tax forms. Loverro went on to say that a common refrain that he hears with regards to anything crypto is “Why can’t [incumbent] just add that as a feature?” . As a result, TaxBit has seen impressive growth. This year, it is on track to issue over 50 million forms, according to Austin Woodward. .

data analysis

TechCrunch

MAY 15, 2022

The filing revealed that Better.com swung to a loss of more than $300 million last year , a sharp turnaround from its profitable 2020. . PayPal Ventures, the global corporate venture arm of PayPal, New York–based venture capital Kora Capital, and London-based Clay Point led the round.

financing

TechCrunch

NOVEMBER 12, 2022

The antitrust bills, if passed, could significantly restrict the ability of Amazon, Meta, Microsoft and other tech incumbents to acquire and punish rivals to boost their own products and services. My colleague Rebecca Szkutak profiles Foley’s latest venture for TC+, called Ernesta. billion in 2020 up from $671.2

startup

TechCrunch

JANUARY 12, 2021

billion at the time of its announcement , first broke cover on January 13, 2020, or nearly one year ago to the day. ” Given the fintech boom that 2020 saw , as consumers flocked to free stock trading apps and neobanks, that Plaid saw growth last year is not surprising. The deal, valued at $5.3

incumbents

TechCrunch

AUGUST 17, 2021

Forward Foods, Starday , a healthy and sustainable food products company, raised $4 million in seed funding to take on “big food” incumbents. Equal Ventures and Slow Ventures co-led the round and were joined by Haystack, Great Oaks Venture Capital, XFactor Ventures, ABV and a group of angel investors.

incumbents

TechCrunch

APRIL 7, 2022

At that time, CEO Ricardo Weder told TechCrunch that the company, which was founded in 2019, weathered the first year of the global pandemic well, seeing 2020 revenue increase 16-fold. billion in 2020. We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic.

capital

TechCrunch

JULY 14, 2022

venture capital firm Lightspeed, with participation from other notable backers including Virgin Group , which counts Richard Branson as its sole shareholder. . launch plans back in 2020. Trading stocks. Launching out of stealth initially in the U.K.

incumbents

TechCrunch

NOVEMBER 11, 2021

Its latest brand, Rob’s Backstage Popcorn, is a joint venture with the Jonas Brothers. Joining Integrated Capital in the round are Great Oaks Venture Capital, Pacific Tiger Group, Sope Creek Capital and Clearco. The Naked Market has raised over $33 million, which includes an earlier $6 million seed round.

capital

TechCrunch

MARCH 31, 2022

Upstart technology firms must compete with both industry incumbents, like Apple and Microsoft, for talent, as well as traditional firms building out their own in-house engineering and data teams. It doesn’t seem likely that we’re on the precipice of a similar spike in layoffs that the onset of COVID-19 brought in 2020.

startup

TechCrunch

MAY 1, 2021

He’s neutral-to-positive, saying that his firm does not “think all the companies in the market will work but still thinks ‘insurtechs’ will take market share from incumbents over the next decade.” Locke said that the venture market for insurtech investments is “definitely more aggressive” this year than last. Fair enough.

incumbents