Day: May 1, 2019

Andreessen Horowitz, the storied venture capital firm with investments in Airbnb, BuzzFeed and Coinbase, has closed on $2.75 billion for two new funds, the firm confirmed in a blog post this morning. The firm has raised $2 billion for its debut late-stage fund led by their most recent hire and 15th general partner, David George. […]

Causes grew to a jaw-dropping 200 million users as one of the first 10 Facebook platform apps. Started by Facebook co-founder Sean Parker, it was meant to turn a generation into activists and philanthropists. Causes acquired Votizen to augment shallow clicktivism with a way to remind friends to vote. But after Facebook went mobile and […]

Good news for European startups with a health or wellness bent. Joyance Partners, a $20M US VC firm that invests in early-stage startups in the health and ‘better living’ space is launching into the European market with a dedicated European partner. The move could be seen as taking advantage of leaps in the capability of […]

Hulu has now grown to more than 28 million U.S. customers, including 26.8 million monthly paid subscribers and 1.3 million promotional accounts, the company announced this morning as part of its annual presentation at the digital NewFronts in New York. In January, Hulu had 25 million total users, including both paid and promo accounts, and […]

When hackers want to make a quick buck, mining cryptocurrency seems to be the way to go. New research out Wednesday by Boston-based security firm Threat Stack shared exclusively with TechCrunch reveals a new variant of the Shellbot malware is taking a leaf out of the other cryptocurrency mining by breaking into computers and using […]

WikiLeaks founder Julian Assange has been jailed for 50 weeks for violating his U.K. bail conditions in 2012 at a sentencing hearing at Southwark Crown Court today. A spokeswoman for the court confirmed the almost-year long custodial sentence via email — which falls just short of the 12-month maximum carried by the offence. In a […]

BenevolentAI, is an AI company where AI actually means something. Founded in 2013, it focuses on ‘accelerating the journey from data to medicines.’ To achieve that, it’s raised a whopping $202 million to look at early drug discovery to late-stage clinical development and has a research facility in Cambridge, UK where there is plenty of […]

India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful logistics startups that is trying to overhaul this system, just raised $150 million in Series D round to further pursue its mission. The new round was led by Goldman Sachs Investment Partners and Accel at a […]

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-catering home rentals. The company has picked up @Leisure Group from Axel Springer for about $415 million (€369.5 million). Axel Springer had a 51 percent share of […]

The changes continue to roll at Honestbee. Fresh from pausing operations in four countries and announcing plans to lay off 10 percent of staff, the Singapore-based online grocery startup has let CEO Joel Sng go, two sources with knowledge of his exit told TechCrunch. Sng, who co-founded Honestbee back in 2015 and previously served as […]