Mon.Jul 11, 2022

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Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

TechCrunch

European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion. This represents a 50% increase on last year’s $3 billion valuation at its Series C round. Founded out of Berlin in 2015, Wefox sells various insurance products through a combination of in-house and external brokers, bypassing the direct-to-consumer model of insurtech competitors which include rival German startup Getsafe.

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The Meaning of Machine Creativity

Continuations

For a long time there was a narrative that computers would only be good at automating routine tasks, leaving creativity to us humans. I never believed this because creativity isn’t some kind of magic but rather much of it is based on exploring variations either based on known rules or based on precedents. For example, I titled a post in 2016 “ Machine Creativity: Possibly Sooner than Anticipated.

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Veteran digital health pros found virtual eating disorder care startup

TechCrunch

For Amanda D’Ambra and Joan Zhang, the idea of starting and co-founding an eating disorder care startup was personal: Both struggled with an eating disorder, along with other mental health issues, and received treatment — a treatment they hope more people will be able to access. D’Ambra and Zhang previously worked in digital health spaces before deciding to found Arise, a New York–based virtual eating disorder care company.

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5 Mistakes Angels Should Avoid When Investing During a Downturn?—?And 1 Rule for Success

Entrepreneur's Handbook

Don’t make the same mistakes I made during the last financial crisis Continue reading on Entrepreneur's Handbook ».

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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PayTalk promises to handle all sorts of payments with voice, but the app has a long way to go

TechCrunch

Neji Tawo, the founder of boutique software development company Wiscount Corporation , says he was inspired by his dad to become an engineer. When Tawo was a kid, his dad tasked him with coming up with a formula to calculate the gas in the fuel tanks at his family’s station. Tawo then created an app for gas stations to help prevent gas siphoning.

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Klarna confirms $800M raise as valuation drops 85% to $6.7B

TechCrunch

European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. Initial reports suggested this valuation would be in the region of $15 billion, representing a sharp decline on its $45.6 billion valuation exactly a year ago.

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In This Market, It’s a Great Time for a Mutual “Try Before You Buy”

Hunter Walk

Why Some Smart Startups Are Putting (Paid) Projects Ahead of Employment Offers. 80–90% of startups shouldn’t follow the advice I’m about to give. Instead these companies are better off just investing resources in improving their hiring via candidate flow/sourcing, interview process, offer communication/negotiation and closing experience. Being at least A- in those areas will put you way ahead of most of your competition.

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How to use grants and partnerships to fund early stage robotic startups

TechCrunch

Attabotics provides warehouses with a novel robotic solution that is reinventing supply chain management. The company has attracted investment from a wide range of investors, including Gordon Food Service, the Ontario Teachers’ Pension fund, and traditional firms like Coatue Management and Forerunner Ventures. Hear from Scott Gravelle, founder and CEO at Attabotics, about how the company used grants to fund its development, and what Eurie Kim, general partner at Forerunner Ventures, saw in the c

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I Became Friends With One of My Investors, and I Think it May Have Killed My Startup

Entrepreneur's Handbook

Can entrepreneurs ever be friends with their investors? Continue reading on Entrepreneur's Handbook ».

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Cost cutting, layoffs remain leading startup themes

TechCrunch

Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, boldest and baddest technology news. After some holiday weeks, we are back on an actual Monday! What a treat. Here’s what we got into: Stocks are off around the world, partially due to government action, partially due to the complex web of negative factors that we’ve discussed for months now.

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Tiger Global leads additional $10m funding in mental health startup Intellect

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Singapore -headquartered mental health startup Intellect announced raising an additional $10 million in its Series A extension round anchored by global tech investor Tiger Global. The latest investment brings Intellect’s total Series A funding to $20 million.

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Turn your startup’s pricing strategy into a powerful growth lever

TechCrunch

Michael Perez. Contributor. Share on Twitter. Michael Perez is director of growth and data at M13. More posts by this contributor. How to evolve your DTC startup’s data strategy and identify critical metrics. Pricing models can be powerful growth levers. A bad pricing model will impede growth, and can even doom an otherwise promising startup, whereas a good model will capture some of the value that a product creates as revenue, and keep growth flywheels humming along.

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Attracting Students To Your Space

GCUC

Coworking spaces were originally known for the amount of millennials that frequented them but it seems that in many spaces, the tides are shifting. The post Attracting Students To Your Space appeared first on GCUC Community.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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Backed by Tiger Global, Intellect is creating culturally-competent mental healthcare for Asia

TechCrunch

Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million. The first half of Series A was announced in January 2022.

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Bootstrapping Vs Funding: What’s Better For Your Startup?

Feedough

Just getting an idea for a business is hard enough. Read more. The post Bootstrapping Vs Funding: What’s Better For Your Startup? appeared first on Feedough.

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Barcelona’s Impress heads toward a $125M Series B round in its bid to digitize orthodontics

TechCrunch

Last year we covered how Barcelona-based startup Impress had digitalized the area of orthodontics, raising a $50 million Series A in the process, somewhat aping U.S.-based startups such as SmileDirect. Usually, consumers can only access cosmetic teeth alignment or orthodontic medical treatments in conventional clinics. This new wave of technology involves 3D scans and panoramic X-rays to check nerve and bone health, as well as telehealth apps that allow patients to monitor their progress and che

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50+ Free Guides To Startup HR, Recruiting, Leadership ++

Hunter Walk

We Wrote These For Our Portfolio Founders But Want Everyone To Have Them. When we started our venture fund Homebrew one of our goals was to help grow the startup pie, so to speak, not just get our slice. Writing up what we consider ‘best practices’ and sharing with the broader founder community is an attempt to live these values. Thanks to our Beth Scheer , our Head of Talent, and the folks over at Coda (a portfolio company that’s evolved what docs can do), we’ve updated and reformatted these 50

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Now that Klarna has a new valuation, is Affirm cheap?

TechCrunch

Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concerned. Now worth $6.7 billion after raising $800 million, the European BNPL provider is worth a fraction of its self just last year , though the new war chest means the company is now well-fueled to execute its business plan.

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[VIDEO] Should Your Business Have a Board of Directors?

Red Rocket

I was recently interviewed by the Atlanta Small Business Network (ASBN), an online "television network" serving the small business community, about boards of directors, advisory boards and how best to structure those. I thought this video turned out great, and I wanted to share it with all of you, to see if it can be helpful to you in developing your own leadership boards.

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The good and bad news for women founders so far in 2022

TechCrunch

How are women faring amid the venture capital and startup slowdown? New data paints a somewhat uneven picture, albeit one that tilts toward the negative. Startups are a global business, as is the work of backing them financially. This means that while we often observe aggregates — this dataset marking what could be an all-time peak, for example — we also look at smaller slices of funding activity to better understand who is raising capital, and where.

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2022 Ecommerce Platform Guide: Shopify vs WooCommerce

The Groove Blog

One thing is clear: these are two highly popular, highly accessible platforms for turning your dream into a real, live, working ecommerce store. The only question is: which one is the better choice? The post 2022 Ecommerce Platform Guide: Shopify vs WooCommerce appeared first on Groove Blog.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Kadmos, a salary payments platform for migrant workers, raises $29.5M

TechCrunch

Companies from across the industrial spectrum often rely on a migrant workforce, with data from the International Labour Organization indicating that some 169 million workers travel abroad for employment. But being away from their domestic jurisdiction and financial infrastructure presents a host of challenges, including what is probably the most important part for the worker themselves — how best to get paid.

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5 noteworthy startup-led trends of the 21st century that transformed industries | Propel(x)

propel(x)

Written by : Regina Beach Propel(x) curated a list of five startup-led tech trends in the 21st century that transformed industries. This list primarily looks at deep tech sectors, with many of the mentioned startups having grown into household names and multibillion-dollar companies today. Deep tech refers to scientific or engineering innovations that disrupt existing industries through years of research, patent application, and other forms of intellectual property.

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Online donation platform Change helps charities fundraise in crypto

TechCrunch

Crypto owners tend to be more generous when donating to charity than other investors, research shows. Whether that’s because of their strong sense of community or because of the lucrative tax benefits of doing so is anyone’s guess, but nonetheless, savvy charities have taken note of the trend and sought to leverage it. That’s part of why Change , a startup that develops APIs to help companies and charities process donations, has decided to hone in on the asset class.

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[Edge in The Jerusalem Post] Gaming startup Edge lets gamers share playable moments

OurCrowd

Israeli start-up Edge, which has developed an interactive gaming content platform, has closed a $30 million funding Series A round led by Corner Ventures. Read more here. The post [Edge in The Jerusalem Post] Gaming startup Edge lets gamers share playable moments appeared first on OurCrowd Blog.

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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.