Category: TC
Atomico raises new $820M fund to back ‘mission-driven’ European founders at Series A and beyond
Atomico, the European venture capital firm founded by Skype’s Niklas Zennström, has announced that it has closed its fifth fund — “Atomico V” — giving it another $820 million to invest in European startups. The London-headquartered VC firm’s previous fund closed at $765 million, so this is an increase over…
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Facebook asks for a moat of regulations it already meets
It’s suspiciously convenient that Facebook already fulfills most of the regulatory requirements it’s asking governments to lay on the rest of the tech industry. Facebook CEO Mark Zuckerberg is in Brussels lobbying the European Union’s regulators as they form new laws to govern artificial intelligence, content moderation, and more. But…
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GGV Capital says mom-and-pop shops can boost e-commerce in emerging markets
Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve as neighborhood hubs. The central role these stores play in their communities led GGV Capital to develop what the firm…
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The Station: Lucid Motors spy shot and the birth of an AV startup
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello again — or perhaps for the first time. This is Kirsten Korosec, senior transportation reporter at TechCrunch and your host here…
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So much for pessimism
Whatever lesson WeWork was supposed to teach, it doesn’t appear to have made much impact Alex Wilhelm 8 hours After WeWork exploded there was — at least supposedly — a change in sentiment among investors and founders alike. Gone were the days of easy nine-figure rounds, expensive growth, negative unit…
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Apple will miss revenue forecast as coronavirus impacts its manufacturing, sales
Today Apple announced that its prior financial forecast, provided during its January earnings cycle, is no longer valid. In a letter to investors today, the technology giant said that it “do[es] not expect to meet the revenue guidance we provided for the March quarter” due to impacts stemming from the…
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