After quarters of explosive growth, a profitable Robinhood files to go public – ClearTips

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Hello and welcome to the Daily Crunch of July 1, 2021. It’s Robinhood IPO Day! That’s the title, really. This afternoon the US consumer fintech company filed to go public in what will prove to be an early contender for the most important IPO of the third quarter. We also have a metric ton of other startup news for you. And don’t forget that the next ClearTips event is next week! let’s go! – alex

ClearTips Top 3

  • Robinhood going public: In our first look at the company’s IPO filing, we saw a rapidly growing consumer fintech company that made money in 2020. The company ran a loss in the first quarter of 2021, but as ClearTips reported, the loss is largely insignificant. Robinhood closed Q1 2021 on an annual run rate of over $2 billion. hot dang.
  • Apple’s software rollout continues: After leaving the public beta for iOS 15 and iPadOS 15 yesterday, Apple released the public beta version of macOS 12.0 Monterey. You can download it now, if you are a brave soul who wants to test something. For the rest of us, yes it sounds like a necessary corporate update in our future.
  • Articulate raises $1.5B in Series A: After bootstrapping for ages, corporate edtech company Articulate raised a $1.5 billion Series A round at a $3.75 billion valuation. The outsized, preliminary stage round was the major story of the day until Robinhood arrived and finished third.

Startups/VCs

ClearTips is returning to some of the topics covered extensively in recent weeks, with the latest news from a Neobank Karat aimed at the maker economy. It seems that everyone wants to make money from creators who start making money. And for those of you out of the global startup market, ClearTips has new notes on the future of European IPOs.

Now, day round:

  • Nowports raises $16M to automate Latin American freight operations Supply chain software startups are big business, and Nowports wants to grow fast. The startup’s latest round was led by Mauro Capital, with Abports backed by nearly $24 million in capital to date.
  • Codat Raises $40M To Make Plaid For Companies: APIs are popular. Fintech APIs are super popular. And the fintech APIs that link individuals’ money to other companies are Plaid. Codet wants to make Plaid, but for SMB financial data. And Tiger is supporting it now.
  • Mercado Bitcoin Raises $200M For Its Bitcoin Market: In the wake of the Coinbase Direct listing, and what appears to be strong crypto trading volume in the second quarter, it is no big surprise to attract the attention of fintech companies facilitating consumer bitcoin purchases. It is not a big surprise to see Mercado of Brazil handing out such a huge cheque.
  • Good news for hungry Europeans: If you want groceries, and want them now, “Rohlik, a Czech startup that has built an online grocery ordering and delivery business that sells groceries,” reports ClearTips, has raised €100 million in a round that Values ​​the company at €1. Arab.
  • Ghost raises $100M for accident prevention How Much Money Can Self-Driving Car Techs Collect? We’ve learned at least nine points more thanks to the new Ghost Round. Ghost is also the name of a web content CMS. It’s not him. Instead, this ClearTips is working on what it calls “universal collision avoidance technology” for the Ghost autonomous driving system.

To protect against data loss and misuse, the cyber security conversation must evolve

Locking down data centers and networks against intruders is just one aspect of an organization’s security responsibilities; Cloud services, collaboration tools and APIs push the security perimeter even further. What’s more, systems built to prevent misuse and mismanagement of sensitive data often rely heavily on one’s better angels.

According to Foundation Capital partner Sid Trivedi and seven-time CIO Mark Settle, IT managers need to replace the existing DLP framework with a new one that focuses on DMP – data abuse protection.

These solutions will “provide data assets with more sophisticated self-defense mechanisms instead of relying on traditional security perimeter surveillance,” and several startups are already competing in this space.

(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)

Big Tech Inc.

We revisited some of the themes we saw earlier in our Startup section. The same goes for our perspective on Big Tech. On the government and technical side of things:

  • India Doesn’t Appreciate Big Tech Companies, Part 47: Manish Singh reports that while “India’s central bank has recognized Big Tech’s push into financial services as a challenge for banks in the South Asian market, the growing presence of these firms has raised concerns about the creation of an uneven playing field.” has inspired.” Remember India is also angry on Twitter and there are many other beefs with various tech companies.
  • Paris fined Airbnb: In keeping with the government theme, Airbnb has been fined €8 million today, which is 0.14% of the company’s $6.6 billion in cash it held at the end of the first quarter, according to its latest earnings report. Daily Crunch would like to congratulate the City of Light on its auspicious regulatory victory.
  • Finally, from Pinterest, something that stood out when going back through the news of the day: the prohibition of weight-loss advertising. Many people struggle with eating disorders, body image, and related issues. So Pinterest is removing a type of ad that could harm those people. We don’t want to be overly kind to the company with decisions like these because we don’t know how much money it’s leaving on the table, but the move could hint at more active social media regulation of proprietary platforms. Future. At least when it comes to ads.

ClearTips Expert: Growth Marketing

Illustration montage based on education and knowledge in blue color

image credit: Sean Gladwell (Opens in a new window) / Getty Images

We’re reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing practices. Fill out the survey here.

Read one of the recommendations we received below!

Marketer Name: amy konefali

Name of the recommender: Dan Reardon, formerly of vudu.com. of

Recommendation: “Amy worked for us in a big way as we became a half-billion dollar company. It has identified and harnessed the potential and built a rich portfolio of channels. “

Community

Pittsburgh City Spotlight was a huge success! Thank you to everyone who participated as well as the over 80 companies that submitted to participate in our pitch-off. In case you missed the event, you can check out the interview with the mayor of Pittsburgh, our conversation with the president of CMU, and the latest from their engineering director on Duolingo.

Good things happening in your city? leave us a tweet About where you want to see us spotlight next.

TC eventful

image credit: Stephanie McCabe / Unsplash

We’re running into the long holiday weekend here in the States, and in true American style, we’re offering a Fourth of July sale on tickets to not just one but all four ClearTips events in 2021: ClearTips Early Stage (July 8) 9 ), tc interrupted (September 21-23), tc session: sass (27 October) and tc session: space (14-15 December).

Our 4th of July ticket sale starts today through July 6th, where you can get two tickets for the price of one Coming soon to any of these ClearTips events on a virtual platform near you. You can view all of our events and lock your two-one ticket at techcrunch.com/events.

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