January 19, 2022, 6:14 PM.
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January 19, 2022, is the day of Daily Crunch! We have news about China's changing venture landscape, the power of passwords, and why women are raising less money than men. Please enjoy!
The top 3 tech companies.
Chinese tech giant ByteDance dissolved its investment team, it became known today. The country's government may require larger internet firms to get approval before making investments, as reported by other sources. The ByteDance news could be a sign that the total capital available to startups in the country could be reduced.
According to new data, less than 2% of VC funding last year went to all-women teams. The dollar amount increased as the larger landscape grew, but the data was still less than flattering. What is going on? The question was explored by TechCrunch.
When will they hit the brakes? The boom in venture capital activity that the world recorded last year, and appears to be still afoot today, is increasingly in contrast to falling valuations for public tech companies. We are wondering when VCs might slow their roll a bit because of the rising public concern and private enthusiasm.
There are startup companies and venture capital companies.
The biggest piece of startup news today is that 1Password raised $620 million in a round. A murderers' row of venture capital firms participated in the new funding led by Iconiq Growth.
The investment comes after the company raised a huge $200 million Series A and a similarly large $100 million Series B. Dovetail, which raised a modest amount since its birth and only burning half the funds, raised a massive $63 million Series A, it announced today.
Dovetail is building research focused software for corporate teams, while 1Password is a password manager.
Let's talk about some fund news before we discuss venture capital rounds.
The pace of venture capital investing is insane. The one niche that seems to make the most noise is fintech. We dug into that category to find out more.
The Israeli tech scene has been more busy in recent years, and that can be seen in the fact that Viola's latest fund was oversubscribed and reached its hard cap. The firm has over a billion dollars under management.
It is almost nice to find a smaller capital pool when a fund reaches a billion dollars. Romain Dillet took a peek at the fund that was raised by Inflection. Something involving Tom Brady and NFTs raised $170 million, while the proof of attendance protocol raised $10 million.
There were new capital rounds from a bunch of startups.
Parallel Systems, founded by a crew of former SpaceX folks, wants to build electric rail transit vehicles. It came out of the shadows. Decarbonization is hot. It is hot. The transit is hot. The company just landed eight figures of capital.
The new round, a Series F, will go to build out its people-management service. It isn't a huge surprise that people are lining up to fund Lattice's work given that the work landscape has been forever changed.
Meet Carry1st, a social games publisher that just landed eight figures, is a South African company. A16z has invested in a startup with an African HQ for the first time in the round.
If you make a movie and want to have it land on streaming channels, you might need some help. FilmHub raised over $6 million to help filmmakers get their work onto more than 100 streaming channels.
Softr raises on the strength of the no-code market and plans to create a marketplace of templates and extensions in the future. It was able to keep it at $13.5 million. The seed round was covered by TechCrunch.
There could be rainy days ahead for the U.K. and stock trading in the United States by Revolut.
Why Microsoft has a $2T+ market cap.
Michael Ciaglo is an image credit.
It may be improper to describe Microsoft's planned purchase of a company as a "bet." Risk is an essential part of gambling, so it may be improper to describe Microsoft's planned purchase of a company as a "bet."
Considering that Microsoft has a market cap over $2 trillion, purchasing a gaming company that pumps out titles like Call of Duty, Guitar Hero and Candy Crush for $68 billion isn't fraught with danger.
According to Levie, the move cements Redmond's entry into augmented/ virtual reality gaming.
If you believe in the future of virtual reality and immersive computing, Microsoft can get more users to use it with the help of a company like Activision.
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Why Microsoft has a $2T+ market cap.
Big Tech is a company.
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SEAN GLADWELL was credited with the image.
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The limited test of the new product will be available in Hong Kong, South Korea, and Taiwan. The games are on the Play store.
Kris Marszalek said in an interview that around 400 customer accounts have been compromised in a hack. His confirmation of the violation came after a number of C...
Recruiters need to identify access as a key ingredient for developing a workplace that welcomes all.
The new Listen With editorial franchise will give users a new way to discover podcasts. The company says Listen With helps users discover new shows.
There are many ways of spinning up a startup, but it takes a particularly brave set of founders to take on an entrenched industry with a small number of incumbents.
What kind of history do we want toscribe on the ledgers? Unsurprisingly, most records thus far have been transaction data.
Dovetail announced today that it has closed a $63 million Series A. The company has raised over 70 million dollars.
I would like to come to the United States to expand my tech company. What is the best way to do that?
Disney plans on expanding its direct-to-consumer streaming business to more global markets and is creating a new International Content and Operations group to aid in this push. T...
As the legal uncertainty in Europe clouding use of US cloud services cranks up, Google has responded by firing up its lobbying engines to call for US and European lawmakers to get a move on.
The NFT agency co-founded by athlete Tom Brady with a deep bench of star power has banked new funding from investors who hope the platform can bring a new generation.
Today, there is a new way for creators to make money. The feature, which was spotted hitting the App Store back in November, is now official.
The sixth fund of $250 million has been closed by Viola Ventures. It has over a billion dollars in assets under management. The fund was overscrambling.
What is true for the venture capital market is also true for the fintech market. Most ventures are similar, but Fintech is more extreme.
The firm says in its investment thesis that it has raised a new fund to invest into the open economy. The firm says it plans to cover all.
According to new data from PitchBook, less than 2% of venture capital funding went to all-female founding teams in the last five years. All-female founding teams received more funding.
The startup was founded in 2012 and focused on brand-based mobile advertising. At its peak, it had raised $25 million.
The public face of the startup, Ashneer Grover, is taking a leave of absence for two months after serious questions have been raised about his past.
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