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Monthly Archives: February 2025
Tether backs stablecoin liquidity provider Mansa in $10M seed round
As payment companies increasingly explore stablecoins for cross-border payments and real-time settlement, some startups are tapping into the zeitgeist by providing liquidity via a revolving line of credit in stablecoins. One of them is Dubai-based but Africa-focused Mansa, whose offering … Continue reading
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Spore.Bio raises $23M to apply machine learning to microbiology testing
Recalls in the food and beverage industry due to contamination incidents can have catastrophic effects. Not only do companies have to pay fines and damages, but the impacts on the brand’s reputation can be long-lasting. That’s why Spore.Bio, a Paris-based … Continue reading
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AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say
Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by returning investor Kleiner Perkins, the … Continue reading
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‘For You’ feeds are not for creators, Patreon says
Patreon has continued on its crusade against algorithmic feeds with its latest State of Create report, a look at trends in the creator economy based on internal data, and it’s an effort creators can get behind. In its survey of … Continue reading
Saronic raises $600M to mass-produce autonomous warships
Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced. © 2024 TechCrunch. All rights reserved. For personal use only.
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Study of TikTok, X ‘For You’ feeds in Germany finds far-right political bias ahead of federal elections
Recommendation algorithms operated by social media giants TikTok and X have shown evidence of substantial far-right political bias in Germany ahead of a federal election that takes place Sunday, according to new research carried out by Global Witness. The non-government … Continue reading
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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a new SEC filing. Varo declined to comment on this new round but the fintech … Continue reading
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Uber ditches commissions in favor of daily fees for rickshaw drivers in India
Uber has introduced daily fees for auto rickshaw drivers in India to move away from its typical commission-based model. © 2024 TechCrunch. All rights reserved. For personal use only.
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Brand new women’s focused Swizzle Ventures skyrockets past its fundraising target
Swizzle Ventures has closed its Fund I at $6.6 million, bypassing its initial $3 million target, Jessica Kamada, the firm’s founder, told TechCrunch. Back in December, TechCrunch previously reported that the firm, which quietly launched in 2023, was raising and … Continue reading
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Spanish spyware startup Mollitiam Industries shuts down
The little-known surveillance vendor filed for bankruptcy in January, after years of peddling spyware to countries like Colombia. © 2024 TechCrunch. All rights reserved. For personal use only.
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