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Hello and welcome to the Daily Crunch of July 20, 2021. The market has been active for the past few days, yesterday the shares declined and today rebounded. Crypto has also been suffering from volatility. Like Jeff Bezos, though he was planned. More on that in a second. – alex
ClearTips Top 3
- Bezos exploded: The billionaire space race reached its second stage today, as Amazon founder Jeff Bezos left the planet for a few minutes. There was a livestream, although the Blue Origin space company was a bit more sales-oriented than I was comfortable with. Regardless, the humans went up and came down, and the rocket and everyone aboard survived. The crew was quite concerned about all this.
- European startups are flourishing: Among all the startup markets in the world, Europe is one of the hottest markets. And according to venture capitalists who spoke with ClearTips, the pace of investment activity on the continent isn’t set to slow too much in the back half of 2021. This year will set an all-time record in the European startup market for capital raising.
- Square Creates a Business Bank: What are the lots of small-biz customers and big fintech aspirations? Well, a lot of tech companies, but also Square. The company has created a business bank for its business customers. How long is Square just a bank for individuals and companies alike? A Good Rule of Thumb for Fintech: No matter where the startup is will start In the field of fintech, this will put an end to all things. Or die trying.
Holy cat lots of funding rounds were announced today. ClearTips covered a great deal of the total, so much so that we can’t get to them all here. But after you check-in in China, we have your speed-read all the same. let’s go!
- All about the Chinese startup scene: Are you a little behind China’s technology regulatory action? If so, don’t worry. We have our own take on the Rita Liao case and what’s going on with Didi and the other China-based companies that have a great run that went public in the US market. The gist is that data may not be the new oil, as some like to say a few years ago, but data is proving to be a geopolitical flashpoint. As it turns out, the Europeans were quick on this.
Now, venture capital stays in abbreviated format to allow the inclusion of more items:
- Consumption of counterfeit drugs in Africa: That’s what RxAll is doing, and it’s raised $3.15 million to advance its vision. Launched in 2016, the company seeks to combat counterfeit drugs and the health problems caused by them.
- Charging Integration: ClearTips covered the deal between ChargePoint and the disappointingly punctuated one, with the first company spending $295 million to buy the latter. Our read is that the deal will allow ChargePoint to “boost in its effort to gain market share beyond North America” in the EV charging market.
- Titan raises $58 million to bring proactive money management to the masses If Robinhood has done a good job opening retail investing to the public by cutting fees, Titan is looking to make a similar move with the active-management world of wealth management. The company raised a Series A of $12.5 million earlier this year.
- $44M for Little Spoon’s Baby Food Mission: Feeding children is a daily challenge. Finding good things for them to eat that they will actually consume is even harder. Little Spoon wants to settle the matter by helping parents of young children subscribe to D2C Baby Food, along with selling vitamins and similar items.
- Path Robotics picks up (again): Ohio-based Path Robotics is back on well fundraising this week, raising a $100 million Series C. The round comes after the startup raised a $56 million Series B in May. What does he do? Welding Robot!
- More money raised to buy SaaS revenue: Capchase has put together $280 million of funding (debt and equity) to grow its business buying future software revenue for current cash. It’s a big market in which pip plays as well.
To kick off our startup and venture capital news, some updates on venture capitalists who want to fund startups:
- Hyper’s $60M Concept: Part venture firm, part venture-funded media group, Product Hunt sister company is looking to put the capital and connections to work. ClearTips’s Matthew Panzarino has the details.
- New Boston Fund: Pillar VC has raised fresh capital in two tranches, including $169 million for the Pillar III capital pool and another $23 million in funding. The VC firm intends to invest broadly, including in SaaS, hardware and other categories. Investing group probably best known for buying Normal Stock in companies backs it up.
As for the operators out there, ClearTips chatted with MarketingCube founder Maya Moufrek, who spent more than 15 years working for companies like Google and American Express before starting her own development consultancy on startup marketing. Spent. Enjoy it!
How We Created an AI Unicorn in 6 Years
Some startups go to market with exactly the product their founders envisioned earlier.
Today, Tractable is known for developing technology that allows drivers to upload photos of their vehicles after a collision so that its AI can assess the damage. However, before that the paying customer used a tractable to inspect the plastic pipe welds.
As luck would have it, that client fired him as well as the founders were raising their first round.
We struck gold with car insurance because it was “a large and inefficient market in desperate need of modernization,” says co-founder Alex Daliac.
In an Extra Crunch guest post, he shared several takeaways from the past six years that value founders of all stripes. first step?
“Look for complementary co-founders who will become your best friends,” advises Daliac.
(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
- Facebook is actually working newsletter: The newsletter push isn’t slowing down, with Facebook’s bulletin service bringing in 31 new writers. It’s a big race. Of course, Facebook is using the service to drive use of Facebook Pay, among other goals. But as a writer, it’s certainly a turn of the tables to watch major companies debate my professional peers.
- Venmo admits that its default-public feed was bad: Ah, the public Venmo activity feed. It never made sense, but Venmo has stuck to thick and thin so far. Now you’ll only see a more friend-focused feed. Progress!
- YouTube adopted the tips: Want to tip a YouTube creator for their work? You’ll be able to do that thanks to a new feature on the social video service called Super Thanks. This is a one-time tip of between $2 and $50. Hopefully this will help music groups that use the platform for distribution.
ClearTips Expert: Growth Marketing
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Read one of the testimonials we received below!
Marketer: Ilya Termeno, founder of Extrabrain
recommended by: Anonymous
Testimonial: “T-shaped expertise with a focus on strategy and long-term ROI.”
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