Is buying and selling short-positions in private companies next? This fintech startup is banking on it

Even the most casual industry observer has to be stunned at times by the pace of dealmaking right now. Not quite halfway through 2021, startups are routinely closing new rounds just months apart and sometimes seeing their valuations triple and even quadruple with every new round. Maybe they will all become trillion-dollar companies. It’s more ...

Serial fiction app Radish acquired by Kakao Entertainment for $440M

Serialized fiction app Radish will be acquired by Kakao Entertainment in a transaction valued at $440 million. Kakao Entertainment is owned by Kakao, the South Korean internet giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will hold onto his role as its chief executive officer, while also becoming Kakao Entertainment’s global ...

Toyota partners with ENEOS to explore a hydrogen-powered Woven City

Toyota has tapped Japanese company ENEOS to help develop the hydrogen fuel cell system that will power its futuristic prototype city Woven City. The vision for the 175-acre city, where people will live and work amongst all of Toyota’s projects, including its autonomous e-Palette shuttles and robots, is to build a fully connected ecosystem powered ...

Lidar startup Innovusion closes $64M round led by Temasek

More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’s also a technology that has long been scorned by Elon Musk partly due to its once exorbitant costs. Innovusion, a five-year-old lidar ...

Aspire’s business accounts reach $1B in annualized transaction volume one year after launching

Singapore-based Aspire, which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one year after launching. The company also unveiled Bill Pay, its latest feature that lets businesses manage and pay invoices by emailing them to Aspire’s AI-based digital assistant. Launched ...

Zencargo raises $42M to expand its digital-first freight-forwarding platform internationally

While consumers and businesses continue to use their purchasing power to spin the wheels of the globalized economy, one of the companies that’s built a technology platform to help that economy operate more smoothly is announcing an investment to double down on growth. Zencargo, which has built a digital platform to enable freight forwarding — ...

Learning blue flags will take “a few race weekends” – Mazepin | RaceFans Round-up

In the round-up: Learning blue flags will take “a few race weekends” – Mazepin • F1 qualifying delay explained • Williams to put fans’ pictures on Halo Source: F1 Fanatic

With new owner Naver, Wattpad looks to supercharge its user-generated IP factory

Toronto-based Wattpad is officially part of South Korean internet giant Naver as of today, with the official close of the $600 million cash and stock acquisition deal. Under the terms of the acquisition, Wattpad will continue to be headquartered in, and operate from Canada, with co-founder Allen Lau remaining CEO of the social storytelling company ...

Daily Crunch: Expensify’s hacker approach to enterprise software is paying off

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Today as we dig deep into Expensify, its history and its current ramp toward the public markets after reaching $100 million in ARR, a quick note on where we are in the ...

Bird reportedly prepares to go public via SPAC, aims for 2023 profitability

Micromobility startups are following the lead of EV companies going public via mergers with special purpose acquisition companies, a financial instrument that came back en vogue in 2020. Bird Rides, the California-born micromobility company that now operates in more than 100 cities across the United States, Europe and the Middle East, plans to merge with ...