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reMarkable, maker of a focus-friendly e-paper tablet, says it closed funding at a $1B+ valuation after selling 1M devices

TechCrunch

Founder and CEO Magnus Wanberg said reMarkable is not disclosing the amount of the investment, nor who was involved, except to say that it’s a minority stake in the company and that it came from multiple international (not Norwegian) investors. The company employs 300+ people and Wanberg says it is still “majority employee owned.”

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Announcing Y Combinator's Spring 2022 Tech Hiring Event

Y Combinator

The event will feature brief founder & company overviews, time to network, and light food and drinks provided by YC. This is a unique chance to engage with multiple companies at once, and to potentially find your next role at a leading tech startup. Spots are limited, so apply now to get on the list.

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Leap, a ‘social learning’ platform aimed at over 55s, raises a $3.1M seed round

TechCrunch

Leap members gather online to collectively “learn, connect and grow together,” says the company, via small online groups built around shared interests. Groups described as ‘small’ were often bursting at the seams, and experiences often felt flimsy and random.

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Novoloop says it’s worked out how to upcycle plastic waste, raises $11M Series A

TechCrunch

Novoloop is also partnering with Bemis Associates, which makes apparel bonding solutions such as seam tapes, which can be found in high-performance outerwear. The company says it has developed a proprietary process technology it calls ATOD (Accelerated Thermal Oxidative Decomposition). About 99% of TPUs are virgin today.

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Silicon Valley Bank shoots self in foot

TechCrunch

Not because the bank is falling apart at the seams. Venture firms are advising portfolio companies to move money out of SVB Because it’s in this spot, it decided to raise a bunch of money to safeguard its business. Founders Fund and other firms reportedly advised their portfolio companies earlier today to withdraw their money.

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Step Up

This is going to be BIG.

I wrote this note to a young company that had recently raised some money and moved into a shiny new office after busting at the seams in a makeshift setup. The company was full of super young, vibrant, and incredibly talented people with a huge opportunity ahead of them--and a lot of difficult challenges.

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Bain Capital Ventures taps ex-Affirm exec as its newest partner to focus on early-stage fintech and commerce

TechCrunch

Melas-Kyriazi will be based in the firm’s San Francisco office and focus on seed and Series A investments in emerging fintech and commerce companies — two core areas of focus for the firm. And what we’ve experienced is that some of the best companies don’t fit neatly into one category. Bain Capital Ventures raised $1.3

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