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Hello and welcome to Daily Crunch for July 9, 2021. We’ve made it to Friday, y’all, be proud. But we will’t chill out simply but — there’s quite a bit to get by means of at this time. From deceitful auto firms now posing as tech firms to the present enterprise capital frenzy, now we have all of it. Let’s go! — Alex
The TechCrunch Top 3
- Startups have by no means had it so good: That’s our learn of the Q2 2021 enterprise capital market. Records had been smashed world wide, a document variety of unicorns had been born and valuations ticked up. If you’re a founder contemplating elevating capital, now might be time to take action.
- Biden takes on megacorps: We jokingly name the public-company part of this text Big Tech as a result of, effectively, probably the most well-known know-how firms are freakin’ large. And that has quite a lot of of us nervous that some corporations have turn into so massive that they need to be damaged as much as engender extra competitors. Tech firms disagree, naturally. Regardless, the noise from the U.S. authorities relating to goliath firms is beginning to end in motion.
- What’s forward for European startups? We normally reserve these three slots for the most important information of the day, however I wished to share an essay written by a German enterprise capitalist about his nation. The investor is bullish, however has two concepts relating to the place the nation might do higher: worker inventory choices and laws relating to spinoffs. It’s price studying if you wish to think about why some nations wind up with extra energetic startup communities than others.
Startups/VC
First, key startup information:
- Korean grocery startup Kurly raises $200M: The on-line grocer is now price greater than $2 billion. Even extra, its plans for an IPO within the United States are kaput. Instead, the corporate will look to record domestically sooner or later. Chop from the Didi mess or one thing else? Whatever the case, the corporate is one to regulate.
- Today’s Tiger spherical? Brazilian HR startup Flash: The firm simply put collectively a $22 million Series B that the hyper-caffeinated enterprise capital group led. The São Paulo-based startup supplies a brand new technique to provide advantages within the nation.
- $500M extra for Ola: The ride-hailing market’s insatiable urge for food for capital was fed one other half-billion at this time with information that India’s Ola has raised new funds from “Temasek and an affiliate of Warburg Pincus,” per TechCrunch. Maybe the Didi fiasco is being seen by buyers as a one-off, at the least in relation to the world of on-demand rides.
Second, from the enterprise capital aspect of the market:
- TechCrunch’s Ron Miller wrote a profile of The Artemis Fund, which is price studying. The investing group, which was based by ladies and sometimes invests in ladies, has “ invested in 11 companies with plans to invest in 4-5 more [before raising its] the next fund.”
- DN Capital has raised a $350 million fund after a number of of the startups that it backed went public. The agency invests principally in Europe versus the U.Ok., a market the place its companions say extra U.S.-based enterprise capitalists present up.
- Three enterprise capitalists banded collectively to put in writing up some suggestions for robotics-focused startups. So, if you’re constructing {hardware} that strikes, that is for you.
Three analysts weigh in: What are Andy Jassy’s prime priorities as Amazon’s new CEO?
Now that he’s stepping away from AWS and taking up for Jeff Bezos, what are the most important challenges going through incoming Amazon CEO Andy Jassy?
Enterprise reporter Ron Miller reached out to 3 analysts to get their take:
- Robin Ody, Canalys
- Sucharita Kodali, Forrester
- Ed Anderson, Gartner
Amazon is listed second within the Fortune 500, however it’s not all sunshine and roses — sustaining development, unionization, and the potential for antitrust regulation at house and overseas are only a few of his obligations.
“I believe the most important to-do is to…
