Industry News

Inclusivity-focused VC Ada Ventures pulls in $80M for second fund

U.K.-based Ada Ventures is an unusual VC. Instead of just talking about SaaS or AI, it hunts down founders addressing inclusivity and diversity. Instead of confusing LPs with this methodology, it’s attracted them, thus hitting the $80 million mark for the final close of its second fund (it reached $44.7 million as its first close […]

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Reddit’s planned IPO share price seems high, unless you look at its AI revenue

If investors agree to pay its high-end range, Reddit’s valuation should hit around $5.4 billion.

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Musk’s Grok goes open source and Reddit updates its IPO filing

Today we took a look at Reddit’s new IPO filing, the potential impact of Grok being open sourced, and why Bobby Kotick wants to buy TikTok.

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Why does every startup want to help you get paid?

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at the piping hot global payroll space, neobank Dave’s financial results and related stock boost, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story […]

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How many startups shut down last year compared to the year before? A lot

Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our interview show, where we sit down with a guest, think about their work, and unpack the rest. This week, Mary Ann interviewed […]

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Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023

Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go public in early 2022, later updating the document quarterly in preparation for an eventual offering. TechCrunch covers its regular financial disclosures as they provide insight into […]

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What’s the Deel with Remofirst, and why are VCs playing musical chairs?

Welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Today on the pod, Mary Ann and Alex dug into a whole mess of news.

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Artemis Fund has a fresh $36 million to back diverse founders solving ‘big, hairy problems’

For Fund II, Artemis intends to continue leading and co-leading investments and will target around 20 new companies.

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Baron boosts Swiggy valuation to $12.16B, above prior private market value

Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 billion, surpassing the $10.7 billion post-money valuation at which Swiggy secured funding in early 2022. New York-based Baron Capital disclosed in new fillings (PDF) that it has marked up […]

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