Crunchbase is expanding the scope of its tagging options in Europe to start tracking how much venture capital funding goes to minority founders on the continent. Diversity Spotlight […]
Revel to lay off 1,000 staff ride-hail drivers, who would rather be contractors anyway
New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike […]
Relay raises $24 million to help smaller businesses manage their cashflow
Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s enterpreneur Yoseph West’s assertion that there’s typically information and functions missing […]
Connected fitness is adrift post-pandemic
Over the past four years, the connected fitness space has experienced some of the highest highs and lowest lows in the venture world. According to figures from Crunchbase, […]
Fintech lender Solo Funds is being sued again by the government over its lending practices
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and […]
After surpassing $100M in ARR, Harness Labs grabs a $150M line of credit
Harness Lab isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest […]
Blackboard founder transforms Zoom add-on designed for teachers into business tool
When Class founder Michael Chasen was in college, he and a buddy came up with the idea for Blackboard, an online classroom organizational tool. His original company was […]
Freshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that […]
Rubrik’s shares climb 20% in its public debut
Rubrik shares hit the New York Stock Exchange Thursday debuting at $38 a share. The cybersecurity company priced it shares at $32 apiece Wednesday night, just a hair […]