TechCrunch

JULY 13, 2021

To continue its mission, the Miami-based trade finance company raised $7 million in seed funding and $75 million in a credit facility, led by Arcadia Funds LLC and Kayyak Ventures, to increase its credit line to $100 million. Shoihet met his co-founder and COO Peter D.

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support financing finance funders 100

TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

incumbents 106

incumbents consulting SaaS disruption 106

TechCrunch

MAY 23, 2022

Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. According to the founders, Sylndr also plans on providing seven-day money back guarantee, warranty and availing flexible financing options to users.

disruption 99

disruption financing finance venture capital 99

Haystack

DECEMBER 26, 2018

There are many reasons for that, such as private equity and crossover investors investing earlier, or the fact that LPs in VC funds are affected by public market swings and could, theoretically, hit some VC firms to feel the pinch. I am expecting a downturn at some point. Maybe it will be 2019, or 2020 — or even 2021.

opportunity 76

opportunity incumbents VC culture 76

TechCrunch

DECEMBER 7, 2021

Dragoneer and Echo Street are investing in the startup for the first time, and many of Lydia’s existing investors are putting more money on the table, such as Tencent, Accel and Founders Future. What’s really impressive with this round is that it is primarily financed by existing investors,” Lydia co-founder and CEO Cyril Chiche told me.

peer-to-peer 83

peer-to-peer incumbents VC financing 83

TechCrunch

OCTOBER 1, 2021

million seed financing in the summer of 2020. Menlo also put money in the company’s latest round, in addition to 40 angel investors, including tech unicorn founders and chief financial officers. Their goal was to create a strategic finance platform for the enterprise that had the look and feel of a consumer offering.

financing 98

financing finance incumbents collaboration 98

TechCrunch

JULY 14, 2021

Other investors include the owners and management of the Phoenix Suns and Boston Celtics and existing backers such as Accomplice and Pear VC. The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Accomplice and Greycroft co-led its $7 million Series A last June.

incumbents 95

incumbents financing finance innovation 95

TechCrunch

AUGUST 24, 2021

million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The company wasn’t actively in the market, according to CEO and co-founder Igor Senra, but was approached by existing backer Greenoaks and other investors. It’s also notable that São Paulo-based Cora only raised its $26.7

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incumbents capital financing finance 96

TechCrunch

AUGUST 16, 2021

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the acquiring. So what’s going on here?

incumbents 106

incumbents accelerator technology startup 106

TechCrunch

FEBRUARY 3, 2022

Human rights activist and Mos founder Amira Yahyaoui couldn’t afford to go to college, so when she first launched a platform to connect students to scholarships, the innovation felt full circle. Banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.” Amira Yahyaoui, the founder of Mos.

incumbents 99

incumbents startup consulting communities 99

TechCrunch

AUGUST 29, 2022

At the time, the startup’s co-founder and CEO, Segun Adeyemi , said that he was taking a break and would “likely start another company” later. Despite fintech accounting for over 60% of VC dollars last year and the proliferation of financial services, building a fintech startup is an expensive and lengthy endeavor.

startup 93

startup incumbents financing finance 93

TechCrunch

MAY 8, 2022

In a since-deleted tweet, Plaid CEO and co-founder Zach Perret replied to a tweet from Stripe PM Jay Shah, essentially questioning the “methods” in which Stripe may have gathered information on building the product. Meanwhile, Patrick’s brother and co-founder, John, tweeted that it was “gracious” of Perret to delete his original tweet.

real estate 87

real estate financing finance venture capital 87

TechCrunch

JANUARY 13, 2022

Digital banks, neobanks, challenger banks or whatever you may call them, are among the biggest recipients of VC investments in fintech. Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. and Middleware founder and CEO Alexander Vityaz. .

incumbents 104

incumbents financing finance investing 104

TechCrunch

JUNE 23, 2021

Lower , an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. This round is notable for a number of reasons.

financing 94

financing finance incumbents board 94

TechCrunch

MAY 3, 2022

“They are the strongest company in the segment and well financed in this growing market,” said Forrester analyst Craig Le Clair. What most startup founders get wrong about financial projections. The pressures facing first-time founders are enormous. ” What most startup founders get wrong about financial projections.

pitching 84

pitching SaaS incumbents ventures 84

TechCrunch

JANUARY 22, 2023

Snafus can happen even when incumbents and fintechs partner. How can fintech startups outlast the VC winter? Peter Hazlehurst, co-founder and CEO of BaaS startup Synctera , shares his thoughts in this TC+ article here. All this leads Eric to ask: “ With JP Morgan suing a startup founder, will 2023 be the year of accountability?

incumbents 105

incumbents media ventures financing 105

TechCrunch

AUGUST 7, 2022

On the bright side, the fact that VCs are more discriminating about where they put their dollars could actually lead to more M&A activity, according to Ruark. That is one reason why a number of VC firms have told their portfolio companies to focus on performance and cut costs,” he told TechCrunch. Guess we’ll see about that.

real estate 106

real estate VC mix-use opportunity 106

TechCrunch

MARCH 15, 2022

But with more and more business processes moving online, online job search is the gift that keeps on giving, and so today comes news of another portal in the space raising a big round to take on the incumbents in the space with more innovative and accurate technology.

incumbents 74

incumbents education innovation VC 74

TechCrunch

MARCH 27, 2022

billion last year — up 153% year-over-year in terms of global VC deal value. Startups like these are keeping the incumbents (relatively speaking) on their toes. ” So if Overdorff’s observations are any indications, both startup founders and investors alike are working harder to make their dollars last longer.

ventures 96

ventures technology startup real estate 96

Tomasz Tunguz

APRIL 1, 2013

Founders/Team: How do the founders know each other? What kinds of moves are the incumbents making and how they change the market? I look up the founders on LinkedIn, send a few emails for references and then wait to hear back on some initial reference calls. Financing plan : What are the major buckets of expenditures?

VC 41

VC startup pitching incumbents 41

TechCrunch

SEPTEMBER 30, 2022

Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade , and it hasn’t been alone in losing a lot of value and being eyed by peers and incumbents. Stephen Brittain and Rob Lumley , directors and co-founders, Insurtech Gateway. How can founders reach you?

peer-to-peer 92

peer-to-peer sustainability ventures incumbents 92

TechCrunch

NOVEMBER 12, 2020

Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.

incumbents 115

incumbents disruption pitching VC 115

Both Sides of the Table

FEBRUARY 13, 2011

Revolution is a “stage agnostic&# fund (means they invest early or late) funded entirely by Steve Case , the founder of AOL and co-founded by two other individuals, Tige Savage (yes, pronounced like the golfer, minus the “r&# ) and Donn Davis. I run Revolution’s VC investments. Revolution, what is it?

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founder venture capital media strategy 277

WSJ - The Accelerators

JULY 2, 2015

For instance, in first quarter 2015, 55% of all American venture rounds were either seed or Series A, split almost evenly, while 19% of all rounds were Series B (the third round of financing), according to data from CB Insights. See page 287 of Josh Lerner and Antoinette Schoar’s International Differences in Entrepreneurship ).

ventures 28

ventures incumbents venture capital financing 28

TechCrunch

JUNE 8, 2022

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.

incumbents 87

incumbents financing finance technology 87

TechCrunch

NOVEMBER 2, 2020

Penguin Business describes Starling Bank founder Anne Boden’s “Banking On It” as the “first-hand account of one woman’s quest to rebuild Britain’s broken banking system.” Yet, concludes the future Starling founder, the big banks had learned nothing and were determined to continue with business as usual.

founder 77

founder entrepreneurship entrepreneurs incumbents 77

TechCrunch

SEPTEMBER 8, 2022

One reason it attracts the most VC dollars is how expensive building a fintech product can be when factors such as integration, compliance and licensing are considered. When it comes to ‘bets,’ a reminder that we don’t invest due to the sector/category/idea; solely the founder. The most funded sector in Africa is also fintech.

startup 81

startup incumbents accelerator financing 81

TechCrunch

FEBRUARY 13, 2023

Back in December, Neeva co-founder and CEO Sridhar Ramaswamy , who previously spearheaded Google’s advertising tech business , teased new “cutting edge AI” and large language models (LLMs), positioning itself against the ChatGPT hype train. “In our upcoming upgrades, Neeva can.”

pitching 98

pitching mix-use incumbents technology 98

Both Sides of the Table

MAY 17, 2017

I’ve been involved with several startups where a giant incumbent attacks you and tries to sue you out of existence. Every time I’ve been in this situation, I’ve talked with founders and said the simplest line, “We finally know we’re winning.” The first instinct is fear, then dread, then panic.

funders 254

funders innovation disruption incumbents 254

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. The financing brings NorthOne’s fundraising total to $90.3 Co-founders Eytan Bensoussan (CEO) and Justin Adler (COO). Then there were those companies that existed well before the pandemic.

capital 98

capital incumbents education financing 98

TechCrunch

MAY 22, 2022

One day, I’m hearing personal accounts of VCs pulling term sheets at the last minute, with some citing that their own investors had backed out of providing funds, leaving founders scrambling to save a round — and face. Then the next, I have a founder telling me their latest round was preempted by a large venture firm in their industry.

real estate 92

real estate ventures venture capital financing 92

TechCrunch

JANUARY 16, 2021

I was recently chatting with an early-stage founder who has a history of investing — narrowing it down to 17,823 people, I know — about the price of software companies both private and public and why they may or may not make sense. But I really bring up the M1 Finance milestone for a different reason.

incumbents 128

incumbents financing finance SaaS 128

TechCrunch

MARCH 2, 2022

San Francisco-based Global Founders Capital (GFC) led the round. Participating VCs include Picus Capital, LoftyInc Capital, Rallycap Ventures, Kepple Africa, Berrywood Capital, ZedCrest and Suya Ventures. Several African fintech founders such as Olugbenga ‘GB’ Agboola, Ham Serunjogi and Odun Eweniyi are investors in the company too.

incumbents 98

incumbents capital founder pitching 98

TechCrunch

DECEMBER 5, 2020

Now we’re very much a data-driven, thesis-driven outbound firm, where we’re reaching out to entrepreneurs soon after they’ve started their companies or gotten seed financing. I think that’s what’s required to build a relationship and the conviction, because financings are happening so fast. Image Credits: Brighteye Ventures.

education 113

education frameworks SaaS incumbents 113

TechCrunch

APRIL 14, 2022

Welcome Tech co-founder, CEO and president Amir Hemmat says his company’s initial approach was different than others in the space in that rather than launch a banking product and then set out to earn the trust of the community it aims to serve, it first “worked hard to earn that trust and understand the community’s needs.”

education 78

education communities incumbents health 78

Haystack

JULY 20, 2018

I believe this is an important post for both founders and investors in the Bay Area and outside the Bay Area to read carefully. Will the next company to raise $100M in financing just poach from decent seed-stage companies and pay triple the amount to lock up talent? Will folks be able to buy a house and raise their families here?

investing 116

investing investment venture capital peer-to-peer 116

TechCrunch

JANUARY 16, 2021

Some people are more excited by emerging areas like artificial intelligence, which has been a focus of the country’s military for years, and like cybersecurity is now producing many fresh teams of founders. What are companies you are excited about (your portfolio or not), which founders?

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startup mix-use SaaS advice 141