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LAUNCHub Ventures heading towards a $85M fund for South Eastern European startups – TechCrunch

LAUNCHub Ventures, an early-stage European VC which concentrates mainly on Central Eastern (CEE) and South-Eastern Europe (SEE), has completed the first closing of its new fund at €44 million ($53.5M), with an aspiration to reach a target size of €70 million. A final close is expected by Q2 2021.

Its principal backer is the European Investment Fund, corporates and a number of Bulgarian tech founders and investors.

With this new fund, LAUNCHub aims to invest in 25 startups in the next 4 years. The initial investment range will be between €500K and €2M in verticals such as B2B SaaS, Fintech, Proptech, Big Data, AI, Marketplaces, Digital Health. The fund will also actively invest in the Web 3.0 / Blockchain space, as it has done so since 2014.

LAUNCHub has also achieved a 50:50 gender split in its team, with Irina Dimitrova being promoted to operating partner while Raya Yunakova

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Vision Fund backs Chinese fitness app Keep in $360 million round – TechCrunch

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions.

On Monday, Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund. Hillhouse Capital and Coatue Management participated in the round, as well as existing investors GGV Capital, Tencent, 5Y Capital, Jeneration Capital and Bertelsmann Asia Investments.

The latest fundraise values the six-year-old startup at about $2 billion post-money, people with knowledge told TechCrunch. Keep said it currently has no plans to go public, a company spokesperson told TechCrunch.

Keep started out in 2014 by providing at-home workout videos and signed up 100 million users within three years. As of late, it has served over 300 million users, the company claims. It has over time fostered an ecosystem of fitness influencers who

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Amazon Web Services gives Parler 24-hour notice that it will suspend services to the company – TechCrunch

Parler is at risk of disappearing, just as the social media network popular among conservatives was reaching new heights of popularity in the wake of President Donald Trump’s ban from all major tech social platforms.

Parler, whose fortunes have soared as users upset at the President’s silencing on mainstream social media outlets flocked to the service, is now another site of contention in the struggle over the limits of free speech and accountability online.

In the wake of the riots at the Capitol on Wednesday and a purge of accounts accused of inciting violence on Twitter and Facebook, Parler had become the home for a raft of radical voices calling for armed “Patriots” to commit violence at the nation’s capitol and statehouses around the country.

Most recently, conservative militants on the site had been calling for “Patriots” to amplify the events of January 6 with a march on Washington

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Why Twitter says it banned President Trump – TechCrunch

Twitter permanently banned the U.S. president Friday, taking a dramatic step to limit Trump’s ability to communicate with his followers. That decision, made in light of his encouragement for Wednesday’s violent invasion of the U.S. Capitol, might seem sudden for anyone not particularly familiar with his Twitter presence.

In reality, Twitter gave Trump many, many second chances over his four years as president, keeping him on the platform due to the company’s belief that speech by world leaders is in the public interest, even if it breaks the rules.

Now that Trump’s gone for good, we have a pretty interesting glimpse into the policy decision making that led Twitter to bring the hammer down on Friday. The company first announced Trump’s ban in a series of tweets from its @TwitterSafety account but also linked to a blog post detailing its thinking.

In that deep dive, the company

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Jobandtalent tops up with $108M for its ‘workforce as a service’ platform – TechCrunch

Madrid-based Jobandtalent, a digital temp staffing agency which operates a dual-sided platform that connects temp workers with employers needing regular casual labor in sectors like transport and logistics, has added €88 million (~$108M) to its Series C — bringing the total raised following an earlier (2019) closing of the round to €166M.

The 2009-founded startup has raised more than $290M to date over its decade+ run but describes itself as just at the beginning of a journey to make a dent in the massive and growing market for temporary work, expecting demand to keep stepping up as more sectors and processes go digital in the coming years.

Jobandtalent says more than 80,000 workers have used its platform to secure temp gigs in the last year across the seven markets where it operates in Europe and LatAm (namely: Spain, UK, Germany, France, Sweden, Mexico and Colombia); while 750+ employers are

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Too Good To Go raises $31 million to fight food waste – TechCrunch

Too Good To Go, the startup that lets you buy food right before it goes to waste, is raising a $31.1 million round. blisce/ is leading the round and investing $15.4 million as part of today’s round. Existing investors and employees are also participating. While the company has been around for a while, this is the first time Too Good To Go is raising money from a VC firm.

The startup has been operating across several European countries for a few years now. It runs a marketplace focused on food waste. On one side, restaurants, grocery stores, bakeries and other food businesses contribute surplus food items. On the other side, consumers can snatch food right before it becomes unsellable.

It’s a win for everybody as businesses can generate a bit of revenue from surplus food, customers can buy food at great prices and it reduces unnecessary waste. Of course,

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