FirstMark Capital announces new funds with a fresh $650 million in investment capital

FirstMark Capital, the NY-based VC firm whose portfolio includes Shopify, Riot Games, Pinterest, Airbnb, InVision and more, has today announced the close of its two newest investment vehicles. FirstMark IV is a $380 million early-stage fund focused on seed and Series A investments, while FirstMark Opportunity III is a $270 million vehicle dedicated to follow-on […]

Adobe updates its Creative Cloud apps

Adobe today announced a slew of updates to its various Creative Cloud apps, ranging from Photoshop and Lightroom to Premiere Pro, After Effects, Illustrator and its XD design tool. Like with some of its most recent releases, the emphasis of these updates is often on bringing more AI smarts to these applications with the help […]

What’s next for space tech? 9 VCs look to the future

Space is a special category of VC investment in the best of times — and the COVID-19 pandemic is not the best of times. Still, investors focused on and familiar with space see a lot of opportunity in the market, regardless of any prevailing global economic difficulties. One big reason why is that regardless of […]

Demandbase acquires Engagio to bring consolidation and ‘clarity’ to B2B marketing

Two business-to-business marketing companies are teaming up, with Demandbase acquiring Engagio. Both companies focus on account-based marketing (ABM), an approach where marketing and sales coordinate their outreach to specific, high-value accounts. Engagio co-founder and CEO Jon Miller (who previously co-founded Marketo) told me, “Most people who aren’t super close to the category would have said […]

Monzo confirms £60M down round, with a new pre-money valuation of £1.24B

Monzo, the U.K. challenger bank with more than 4 million customers, has confirmed it has closed £60 million in top up funding. Backing the round are existing investors Y Combinator, General Catalyst, Accel, Stripe, Goodwater, Orange, Thrive, Passion Capital, along with new investors Reference Capital, and Vanderbilt University. One of fintech’s worst kept secrets, the […]

Apple Pay and iOS App Store under formal antitrust probe in Europe

Apple is under formal investigation by antitrust regulators in European Union — following a number of complaints related to how it operates the iOS App Store and also its payment offering, Apple Pay. The Commission said today that it has concerns that conditions and restrictions applied by the tech giant may be distorting competition in […]

Here’s the full lineup of Lego Super Mario sets, due out August 1

Back in March, Nintendo and Lego teamed up to reveal one of the most delightful bits of colorful ephemera in an otherwise overwhelmingly bleak time. Lego Super Mario continues to be one thing worth looking forward to, through it all for the young and nostalgia-inclined old alike. And thankfully you only have to hang tight […]

Yelp adds new features for reopening businesses

Over the past few months, Yelp has been takin steps to help businesses reeling from the impact of the coronavirus pandemic — things like waived fees, virtual service listings and GoFundMe fundraisers (that last one had a mixed reception). But without getting into the question of whether the United States is reopening at the right […]

Amazon is using AR to encourage employee social distancing

From the outside, at least, Amazon’s COVID-19 response has been a mixed bag. The company has noted in various reports the things it’s been doing in an attempt to curb the virus’s spread — particularly among warehouse employees deemed essential workers. But various attorneys general, senators and other lawmakers have demanded more information about working […]

Basecamp launches Hey, a hosted email service for neat freaks

Project management software maker Basecamp has launched a feature-packed hosted email service, called Hey — which they tout as taking aim at the traditional chaos and clutter of the email inbox. Two years of work comes alive today. Couldn’t be more proud of our team. It wasn’t easy, but it was incredibly fun. And today […]

Wi-Fi woes got you down? Google Nest is here to help

As the product lead for connectivity at Google Nest, I’m a complete Wi-Fi geek. I love helping people solve their home Wi-Fi problems and get the most out of their routers -- and that includes my own family. I have two teenage sons attending high schoo...

TransferGo raises $10M additional funding, launches in 11 new markets

TransferGo, the London-based international money transfer service, has raised another $10 million in funding, as it discloses that its customers numbers has surpassed two million. The round was co-led by Seventure, and Vostok Emerging finance, with follow-on funding from Hard Yaka, Revo Capital, and Bootstrap Europe. The startup is also announcing it has launched in […]

Swappie bags $40.6M to sell more secondhand iPhones across Europe

Finland-based Swappie has closed a €35.8 million ($40.6M) Series B to expand into new markets in Europe. The ecommerce business refurbishes and resells used iPhones, taking care of the entire process from testing and repairing used handsets, to selling the refurbished devices via its own marketplace, with a 12-month warranty. Local VC and private equity […]

Molotov will provide infrastructure service to other OTT platforms

French startup Molotov is better known for its TV streaming service in France. The company has attracted millions of users that use it to watch live TV, record movies and TV shows in the cloud, play past TV content and access on-demand channels. The company is launching Molotov Solutions, a B2B division that will build […]

SoftBank confirms it may sell some of its T-Mobile stake

SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares. Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. shares to investors including Deutsche Telekom, T-Mobile’s controlling shareholder, in an effort to offset major losses from its investment business, including the Vision Fund. […]

China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’

BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make […]

No-code industrial robotics programming startup Wandelbots raises $30 million

Dresden, Germany-based Wandelbots – a startup dedicated to making it easier for non-programmers to ‘teach’ industrial robots how to do specific tasks – has raised a $30 million Series B funding round led by 83North, an with participation from Next47 and Microsoft’s M12 venture funding arm. Wandelbots will use the funding to help it speed […]

Grab to lay off 360 people, or about 5% of its employees

Grab is laying off about 360 people, or slightly under 5% of its employees. Co-founder and CEO Anthony Tan made the announcement in a letter to Grab employees today. A Grab spokesperson told TechCrunch that the company will not be shutting down offices, and that this is the last organization-wide layoff the company will perform […]