Tag: Fundings & Exits
Berlin venture studio Merantix raises $27M fund to concentrate on AI startups
Berlin-based Merantix, a venture studio which specifically concentrates on building ‘AI companies’, says it has raised a new €25M fund ($27M). Anchor investors include Trusted Insight, the Robert Wood Johnson Foundation, the W.K. Kellogg Foundation, as well as further family offices from Europe. Co-founder Adrian Locher said in a statement…
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Equity Monday: A global selloff, MURAL snags $23M, and two unicorns that can’t raise
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years don’t worry — we’re not changing it in the slightest. (Here’s last week’s episode which took…
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Teller raises $4M to take on Plaid in the U.S. by providing API access to bank accounts
“They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller, once described Open Banking Limited, the body charged with delivering open banking in the U.K. His view back in 2017 — which now looks somewhat prophetic — was that open banking wouldn’t be the competition driver…
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As SaaS stocks set new records, Atlassian’s earnings show there’s still room to grow
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. SaaS stocks had a good run in late 2019. TechCrunch covered their ascent, a recovery from early-year doldrums and a summer slowdown. In 2020 so far, SaaS and cloud stocks…
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Aki acquires Eyeview’s ad personalization tech
Video advertising company Eyeview shut down in December, but its technology will live on thanks to an acquisition by Aki Technologies. Aki CEO Scott Swanson told me that he’s anticipating serious growth in the demand for ad personalization, particularly as consumers see personalization everywhere else online. Swanson argued that Eyeview’s…
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Layoffs reach 23andMe after hitting Mozilla and the Vision Fund portfolio
Layoffs in the technology and venture-backed worlds continued today, as 23andMe confirmed to CNBC that it laid off around 100 people, or about 14% of its formerly 700-person staff. The cuts would be notable by themselves, but given how many other reductions have recently been announced, they indicate that a…
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