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Hello and welcome to Daily Crunch for July 19, 2021. In the outdated days, enterprise capital had seasons. VCs didn’t work in December, and the July-August interval might be a bit hazy. Such variations have declined. Deal-making, it seems, is now just about the theme for all seasons. Evidence? Just learn what’s under! — Alex
The TechCrunch Top 3
- Rappi raises $500M: The on-demand financial system remains to be scorching world wide, one thing we will know for positive due to Rappi’s newest half-billion-dollar increase. The Colombian supply firm is now value $5.25 billion. That’s some huge cash. Per Crunchbase information, the unicorn has now raised greater than $2 billion since inception. Rappi operates in 9 nations and 250 cities throughout Latin America.
- Zoom buys Five9: Well, the deal acquired introduced at the least. It gained’t shut till subsequent 12 months. But the $14.7 billion transaction has of us speaking. It’s a big amount of cash, and it’s the mix of two public firms. Both firms, after all, are previously venture-backed firms, and the deal might assist set some pricing notes for different software program M&A. TechCrunch has a take a look at the worth of the deal right here.
- Robinhood and Duolingo set costs for his or her IPOs: If you’re into watching the most important tech firms go public, you’re in luck. We acquired recent infusions of knowledge from each Robinhood, the U.S. client fintech large, and Duolingo, the U.S. edtech large. Enjoy!
Startups/VC
- Sweetch raises $20M that can assist you get off your bottom: If you put on a smartwatch, you’ve gotten notifications from it on the unsuitable time. A nudge to stand up and transfer, say, if you find yourself seated at a restaurant. Sweetch needs to offer smarter inducements for folk to take higher care of themselves, framing it as a method to “outsmart chronic conditions.” Given how a lot we might all do higher at well being, I’m interested by how this startup performs.
- Dover raises $20M to make recruiting extra organized: Recruiting will not be an awesome course of. Mostly it’s performed by hand, and managed in spreadsheets, or maybe a system like Lever. But startups assume that there’s extra room for enchancment. Dover is one such firm, hoping that its software program that helps recruiters “juggle and aggregate multiple candidate pools to source suitable job candidates automatically, and then manage the process of outreach” is simply the ticket. And now it has raised from Tiger.
- Breakr needs to attach musicians and influencers: The days when radio play was the way in which to interrupt into the mainstream are firmly behind us. Startups like Breakr need to assist musical artists navigate the brand new world by connecting them to of us with their very own audiences. Along the way in which, Breakr will take a 10% minimize of charges generated from linking the 2 events.
- Recapped raises $6.3M for higher gross sales software program: Akin to how Dover needs to assist make recruiting a smoother course of, Recapped needs to enhance the gross sales course of, particularly by constructing software program that gives larger visibility into gross sales pipelines and by offering patrons with the same digital interface that it gives to gross sales of us. Anything to make shopping for stuff much less terrible, please!
- Jones needs to make hiring industrial actual property distributors easier: If you personal a constructing, hiring of us to do work in or on stated constructing is fraught with legal responsibility. Jones simply raised $12.5 million to assist CME of us “find and hire the people they need in a compliant way.”
- TechCrunch broke the information that personal fairness group Carlyle is seeking to spend greater than $400 million on LiveU, a livestreaming service.
Founders: How nicely do you actually perceive seed-stage financing?
A well-known poem advises us to not examine ourselves with others, “for always there will be greater and lesser persons than yourself.”
The identical holds true for startup fundraising; the scale of your seed spherical can be decided…
