Venmo begins piloting ‘Business Profiles’ for small sellers

Venmo is going after small businesses. The PayPal-owned mobile payments app maker announced today it’s piloting a new feature called Business Profiles that offers small sellers and other sole proprietors a more professional profile page on its platform, allowing sellers to share key business details like their address, phone number, email website, and more. By […]

Dish closes Boost Mobile purchase, following T-Mobile/Sprint merger

T-Mobile today announced that it has closed a deal that divests Sprint’s pre-paid businesses, including Boost and Virgin Mobile. The news finds Dish entering the wireless carrier game in earnest, courtesy of the $1.4 billion deal. The whole thing was, of course, a key part of T-Mobile’s bid to merge with Sprint. It was a […]

Student-led accelerator Envision is shaking up which startups get funded

Meet Envision, a new startup accelerator. The group, built and run by a collection of students and recent graduates, just closed the application process for its first cohort of startups. Its goal isn’t merely to find some companies and give them a boost, however. According to Annabel Strauss and Eliana Berger, two co-founders of Envision, […]

AR 1.0 is dead: Here’s what it got wrong

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups […]

Instagram’s latest test puts all Stories on one page

Instagram Stories has grown to become one of Facebook’s best products to date. As of last year, roughly half of Instagram’s users — or 500 million people — were interacting with Stories on a daily basis. That’s nearly double the entire daily active user base of all of Snapchat, which first popularized the Stories format. […]

Google brings its AI-powered SmartReply feature to YouTube

Google’s SmartReply, the four-year old, A.I.-based technology that helps suggest responses to messages in Gmail, Android’s Messages, Play Developer Console, and elsewhere, is now being made available to YouTube Creators. Google announced today the launch of an updated version of SmartReply built for YouTube which will allow creators more easily and quickly interact with their […]

Extra Crunch is now available in Greece, Ireland and Portugal

We’re excited to announce that we’ve added Extra Crunch support in Ireland, Portugal and Greece. That adds to our existing support in Europe as we are already in Austria, Belgium, France, Germany, Italy, the Netherlands, Poland, Romania, Spain and the U.K. Portugal’s 10 million citizens are no strangers to startup investment, with the country totting […]

BMW wants to sell you subscriptions to your car’s features

BMW today announced a number of updates to its in-car software experience during a VR press event, complete with a virtual drive through Munich to show off some of these features. These new updates will come to most recent BMWs that support the company’s Operating System 7 later this year — and new cars will […]

Insurtech unicorn Lemonade raises IPO range ahead of debut

Ahead of its expected IPO pricing later today, SoftBank -backed insurtech startup Lemonade has raised its expected price range. After initially targeting $23 to $26 per share in its debut, Lemonade now intends to sell its equity for $26 to $28 per share. The Exchange is a daily look at startups and the private markets […]

Bringing modern storage to Viber’s users

This blogpost is a collaboration between Google and Viber. Authored by Kseniia Shumelchyk from Google and Anton Novikov, Sergey Kozlov from Viber. As a messaging app, Viber needs to store, process and share a significant amount of data. Viber ai...

Daily Crunch: Tesla becomes the most valuable automaker in the world

Tesla hits a financial milestone, Discord is now valued at $3.5 billion and we unpack the 👁👄👁 phenomenon. Here’s your Daily Crunch for July 1, 2020. 1. Tesla blows past Toyota to become most valuable automaker in the world In 10 years, Tesla has gone from public market newbie to the most valuable automaker in […]

VCs see much to like in Democrats’ $1.5 trillion Moving Forward Act

“The Moving Forward Act reads like a $1.5 trillion validation of our fund’s thesis — that upgrading cities and related infrastructure is key to fighting the existential threat of climate change and improving lives,” said Stonly Baptiste, co-founder and partner at venture capital fund Urban Us. Democrats in Congress are wrestling with the twin problems […]

Twitch breaks records again in Q2, topping 5B total hours watched

Twitch had already broken viewership records in the first quarter of 2020 amid coronavirus lockdowns, surpassing 3 billion total hours watched in a single quarter for the first time. In the second quarter, it appears that Twitch has broken that record and several others once again. According to a new report from Streamlabs and Stream […]

Match Group completes separation from IAC, new board includes Wendi Murdoch and Ryan Reynolds

IAC and Match Group announced that they have completed a “full separation.” Previously, Match Group (which owns Tinder, Hinge, OkCupid, PlentyOfFish and Match itself) was a publicly-traded company, with digital holding company IAC as its majority shareholder. Last year, the companies announced a plan that would see IAC’s ownership of Match distributed to IAC’s shareholders […]

Portfolio companies of startup studio eFounders have raised $148 million this year

European startup studio eFounders has looked back at the first half of 2020 to share some metrics about its portfolio companies. The startup studio that is focused on building software-as-a-service enterprise startups has now launched 25 companies in total. Those startups have raised $148 million in 2020 alone. You may remember that the portfolio of […]

China’s Pudu raises $15M for indoor delivery robots

The robotics category has been building to a kind of critical mass in recent years, but the past six months of the COVID-19 pandemic have pushed many otherwise wary investors over the top. Today, Shenzhen-based Pudu Robotics announced that it has completed a $15 million Series B, with Beijing food services group, Meituan as the […]

Minneapolis-based VC shop Bread & Butter focuses on its own backyard

While many investors say sheltering in place has broadened their appetite for funding companies located outside major hubs, one firm is doubling down on backing startups in America’s heartland. Launched in 2016 by Brett Bohl, The Syndicate Fund rebranded to Bread & Butter Ventures earlier this month (a reference to one of Minnesota’s many nicknames). […]

Contrary Capital wants to invest in the next big tech mafia

Contrary Capital, which has raised money from Tesla, Reddit, SoFi and Twitch, knows a thing or two about how to work with tech’s brightest mafias. Now it wants to invest in them, before anyone else. The San Francisco fund and accelerator, which traditionally invests in student entrepreneurs, is betting on the idea that the best […]

Security lapse at South Africa’s LogBox exposed user accounts and medical data

LogBox, a South African medical data startup that bills itself as an “absolutely secure” way of replacing paper forms for sharing patient data with doctors, has exposed user accounts and patient data following a security lapse. Security researcher Anurag Sen found an exposed database belonging to the company containing account access tokens for thousands of […]

Vendia raises $5.1M for its multi-cloud serverless platform

When the inventor of AWS Lambda, Tim Wagner, and the former head of blockchain at AWS, Shruthi Rao, co-found a startup, it’s probably worth paying attention. Vendia, as the new venture is called, combines the best of serverless and blockchain to help build a truly multi-cloud serverless platform for better data and code sharing. Today, […]