TechCrunch Startup News

You might not have known about KnowBe4 before, but you should now because this morning, the company announced a massive $300 million investment led by private equity firm KKR. The deal is based on a billion valuation. Existing investors Elephant and TenEleven Ventures also participated in the round. The massive influx of cash comes on top of a $50 million round in March, also led by KKR. They real...

Group travel, it’s something you either love or hate, but Stride, which describes itself as a marketplace for “experiential multi-day and multi-destination packaged trips planned by experts,” wants to change this perception. The service, which was co-founded by former Starwood Hotels and Viator executive Gavin Delany, today announced that it has raised a $2.2 million seed round from JetBlue Ventur...

Welcome is a new app that CEO Matthew Rosenberg said is designed for a more spontaneous approach to traveling. “What we’re going after is these millennials [and] Gen Z travelers who feel comfortable going in the moment,” Rosenberg told me. “Eighty-five percent of people aren’t even looking at activities before they arrive. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet Yubo, a French startup that wants to make social networks a bit more… social. Yubo is an app designed for teenagers, and it’s all about meeting people, making new friends and belonging to a community. The app has quietly grown over the past few years and managed to attract 20 million users. There are now close to a million users who open the app every day, and the company says that it is curr...

Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 in in Series B investment. The round is led by London VC Atomico, and consists of mix of equity funding and debt financing. Infarm’s existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the round. In addition, TriplePoi...

Workhorse Group, the electric vehicle company that grabbed headlines last month over a proposed deal to buy General Motors’ Lordstown, Ohio factory, has raised $25 million from a group of unnamed investors. The money will not go toward the factory. Instead, it will be used for the more pressing matter of keeping the company running. Under terms of the deal, investors will receive preferred stock a...

The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army of shopping tools and platforms that are giving legacy retail websites and marketplaces a run for their money. Now, one of the faster growing of these is announcing an impressive round of funding to stay on trend and continue building its business. Learn more...

Unmortgage founder and CEO Rayhan Rafiq-Omar (centre) has departed the companny Unmortgage, the London-based startup that wants to let people buy as little as five percent of a home and rent the rest, has lost its founder and CEO, TechCrunch has learned. According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated as a Director on 4th of May, and has been repl...

Thumbtack, one of the first players in what is now known as the gig economy, has hit the fundraising circuit once again. The online services marketplace that matches customers with nearby professionals is raising up to $120 million in Series H shares, according to a Delaware stock authorization filing uncovered by the Prime Unicorn Index. Thumbtack did not immediately respond to a request for comm...

Ticketmaster’s dominance has led to ridiculous service fees, scalpers galore, and exclusive contracts that exploit venues and artists. The moronic approval of venue operator and artist management giant Live Nation’s merger with Ticketmaster in 2010 produced an anti-competitive juggernaut. It pressures venues to sign ticketing contracts under veiled threat that artists would otherwise be routed to...

Slack wants to be the new operating system for teams, something it has made clear on more than one occasion, including in its recent S-1 filing. To accomplish that goal, it put together an in-house $80 million venture fund in 2015 to invest in third-party developers building on top of its platform. Weeks ahead of its direct listing on The New York Stock Exchange, it continues to put that money to...

The big social networks and video games have failed to prioritize user well-being over their own growth. As a result, society is losing the battle against bullying, predators, hate speech, misinformation and scammers. Typically when a whole class of tech companies have a dire problem they can’t cost-effectively solve themselves, a software-as-a-service emerges to fill the gap in web hosting, payme...

Bernard Moon Contributor Bernard Moon is co-founder and partner at SparkLabs Group, a network of accelerators and venture capital funds. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Great Jones, a startup selling pots, pans and even an oven directly to consumers, is introducing a new way to get help in the kitchen. Potline is a free text message service where anyone can ask for recipe ideas, or get advice when things are going wrong in the middle of the cooking process, or get tips on how to clean up afterwards. Learn more about your ad choices. Visit podcastchoices.com/adcho...

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following. That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole...

Mary Ann Azevedo Contributor Share on Twitter Mary Ann Azevedo covers startups and tech at Crunchbase News. More posts by this contributor It’s not so obvious that this VC firm is focused on impact With these numbers, it’s no surprise SoftBank is investing in Latin America If you’re a big basketball fan like me, you’ll be glued to the TV watching the Golden State Warriors take on the Toronto Rapto...

Weights & Biases, a startup building development tools for machine learning, has raised $15 million in its second round of funding. The company was started by CrowdFlower founders Lukas Biewald and Chris van Pelt, along with former Google engineer Shawn Lewis. (Under its new name Figure Eight, CrowdFlower was acquired by Appen for up to $300 million in March. Learn more about your ad choices. Visi...

Logz.io announced a $52 million Series D investment today. The round was led by General Catalyst. Other investors participating in the round included OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47. Today’s investment brings the total raised to nearly $100 million, according to Crunchbase data. Logz. Learn more about your ad choices....

Firefly, a startup that allows ridehail drivers to make money from advertising, has raised $30 million in Series A funding. The company is about to launch in New York City, where it’s also acquiring the digital operations of advertising company Strong Outdoor. Co-founder and CEO Kaan Gunay said this will allow Firefly to start working with traditional taxis in a big way. Learn more about your ad c...

A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt — and even pay it off early. To do so, the app connects with your student loan servicer and bank, then makes personalized suggestions based on your loans...

Soda Says, a curated consumer electronics retail platform, launches in the U.S. Grace Gould has spent her life thinking about the intersection of retail and tech. She started out in Apple Retail, and then moved on to Index Ventures where she worked on early stage investments. She then worked at PCCH International as the VP of Global Retail Strategy, working with companies and hardware makers to de...

AR startup Meta’s original investors might have been screwed by the company’s collapse and fire sale, but a pair of VC firms are giving the brand another shot with a new corporate entity and CEO that the new backers hope will lead to a less abysmal outcome. Meta Company is now Meta View, “a wholly new and unaffiliated entity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Joanna Glasner Contributor More posts by this contributor Big revenues, huge valuations and major losses: charting the era of the unicorn IPO Some reassuring data for those worried unicorns are wrecking the Bay Area A lot of students attend public universities to lessen the financial burden of higher education. At last tally, tuition and fees at American public colleges and universities averaged a...

Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch's venture capital-focused podcast. More posts by this contributor Equity transcribed: How to avoid an IPO How to avoid an IPO On Wednesday afew unicorns were born. You’ve already forgotten their names if you learned them at all (Tip: It was MarqetaandIvalua.) Don’t worry, I’m not cross...

In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch. Learn more about your ad choices. Visit podcastchoices.com/ad...