Startups
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Chartable, a startup known for its authoritative podcast download charts, is announcing that it has raised $2.25 million in seed funding.
Founders Dave Zohrob and Harish Agarwal previously worked together at AngelList, and they also created Hacker Daily, a podcast recapping the headlines from Hacker News. Zohrob (Chartable’s CEO) told me their experience hosting a podcast convinced the pair to create an analytics product.
“Podcasting is a weird market,” he said. “One day, our downloads went from 4,000 a day to 5,000 a day. Why did that happen? We had no idea.”
So they built Chartable to give publishers and advertisers the insights they need to understand their audience and their business.
That means creating industry-wide charts, but also helping publishers aggregate their listening data across different podcast apps and launching products like SmartAds (to measure the effectiveness of podcast advertising), SmartLinks (to track the effectiveness of digital marketing campaigns at driving podcast downloads) and SmartPromos (an attribution product for cross-podcast promotional campaigns).
Founded in 2018, Chartable says it’s now tracking 1 billion podcast downloads and ad impressions every month, compared to 100 million downloads a year ago. While the startup offers a free version for independent podcasters, Zohrob noted it’s currently working with eight of the 10 biggest podcast publishers globally.
Chartable founders Harish Agarwal and Dave Zohrob (Image Credits: Chartable)
He argued that in some ways, history is repeating itself, and that Chartable serves a similar function for podcasts as analytics companies like App Annie do for the App Store. At the same time, he suggested that podcasting is a very different market.
“It’s more fragmented, it’s not just Apple and Android, and there’s a billion different business models,” Zohrob said. “There’s a lot more complexity.”
As for whether upcoming privacy changes in iOS could affect Chartable’s attribution tools, Zohrob said it shouldn’t make “a huge difference,” because the data for podcast attribution is so limited already.
“Ultimately what’s happening with the rest of digital advertising is that it’s going to start to look like podcast advertising, which is kind of funny,” he said. “Maybe they’ll end up meeting somewhere in the middle.”
The funding was led by Initialized Capital, which also contributed to Chartable’s $1.5 million round last year. Other investors include Naval Ravikant, Greycroft Partners, The Fund, Weekend Fund, Jim Young and Lukas Biewald.
“Chartable is the authority on podcast analytics and attribution,” said Initialized co-founder Alexis Ohanian in a statement. (He led the Chartable investment before leaving Initialized.) “We couldn’t be happier to support them as they build the tools that brands and publishers need to advance the podcast industry.”
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Esports, an already booming industry, have taken on an even greater significance in the wake of the coronavirus pandemic. With traditional sports stalled or… er, different, esports and gaming in general have given folks a fresh way to enjoy competition.
Perhaps no esports organization has more clout or recognition than FaZe Clan. That’s why we’re so pleased to have FaZe Clan CEO Lee Trink, investor Troy Carter and world-famous streamer Nick “Nickmercs” Kolcheff join us on the Disrupt 2020 stage next week (September 14-18) to talk all things esports.
Trink, co-founder and CEO of FaZe Clan, has a rich history in the media and entertainment industries, serving as general manager and COO of Virgin Records before being promoted to president of EMI’s Capitol Music Group. At the helm of FaZe Clan, he’s helped build out one of the most followed esports organizations in the world.
Troy Carter has had an equally impressive career in media and entertainment. He was instrumental in building the career of Lady Gaga, among other artists, and also served as head of global creator services at Spotify. He’s now the CEO and founder of Atom Factory and an investor in FaZe Clan.
Nick “Nickmercs” Kolcheff is a professional gamer and streamer who rose to fame as a competitive Fortnite streamer. Uniquely, Nickmercs uses a controller instead of a mouse and keyboard, which has further popularized him among other controller players who crowd to his stream each day. He is currently the most-watched Call of Duty streamer across any platform and is consistently among the top five watched channels on all of Twitch.
We’re excited to chat with this illustrious panel of experts about the evolution of esports, what sets FaZe Clan apart, and what entrepreneurs can learn from the viral growth of the organization over the years.
Pick up your pass to join us at Disrupt 2020 happening from September 14-18. You can get access to this session, founder how-to content on the Extra Crunch Stage, tons of networking opportunities and access to hundreds of startups in Digital Startup Alley with a Disrupt Digital Pro Pass (just $345 for a limited time). Or for those on tighter purse-strings, you can get access to the Disrupt Stage, breakout sessions and the expo for just $45. Join us today!
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Your window to untold opportunity slams shut tonight. I’m looking at you, early-stage startup founders. Don’t miss your last chance to exhibit your tech and talent to thousands of Disrupt 2020 attendees around the world.
A Disrupt Digital Startup Alley Package is one of the most cost-effective ways to create brand awareness, attract new customers, catch the eyes of eager investors and garner invaluable media coverage. And this year, you don’t even have to get off the couch.
What the heck are you waiting for? Buy your Digital Startup Alley Package today before 11:59 p.m. (PT).
Let’s review what it means to exhibit in Startup Alley. The price — which covers three people from your company — includes everything in the Digital Pass Pro pass plus TechCrunch creates a deck with information about all exhibiting startups and makes it available exclusively to investors attending Disrupt 2020.
In a classic but-wait-there’s-more moment, you’ll have access to content we created exclusively for exhibitors. We recorded these events, which aired live in July and August, and you can access them anytime on-demand after you register for your exhibitor pass:
Exhibiting is a networking dream come true. CrunchMatch, our AI-powered networking platform, helps you find and connect with investors, founders and other startup influencers. Create your custom profile, and the platform searches for and connects you with like-minded people. You’ll save time by networking only with people who can move your business forward.
Here’s what one founder has to say about her Startup Alley experience.
“The CrunchMatch networking app is such a smart, useful tool. It lets you see who’s there, find the right people and reach out for a meeting. I scheduled five or six appointments in one day. The meetings were small, intimate and very informative.” — Felicia Jackson, inventor and founder of CPRWrap.
Disrupt 2020 is mere days away, but your chance to exhibit in Startup Alley, to stand in the path of thousands of attendees, ends just hours from now at 11:59 p.m. (PT). Again, what the heck are you waiting for? Go buy your pass right now.
Is your company interested in sponsoring or exhibiting at Disrupt 2020? Contact the sponsorship sales team by filling out this form.
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The final countdown to early-bird savings is in play, and you have mere hours left to save $100 on passes to TC Sessions: Mobility 2020 (October 6-7). The early-bird offer expires — and prices go up — today, September 11 at 11:59 p.m. (PT). Why pay more than necessary? Buy your pass now and keep more money in your wallet.
Whether you’re already part of the mobility revolution or just exploring the possibilities within this rapidly changing industry, Mobility 2020 is designed with you in mind.
“I’m a serial entrepreneur with two mobility companies, and TC Sessions: Mobility was the perfect place to explore opportunities for both. We attended to connect with potential clients who need mobile applications for their businesses. And we also went to learn more about the micromobility landscape in the U.S.” — Parug Demircioglu, CEO at Invemo and partner at Nito Bikes.
You’ll hear from and engage with some of the industry’s leading voices. The visionaries, makers and investors building the future and changing the way we move everything around the world. Check out the agenda here.
“TC Sessions: Mobility exceeded my expectations in terms of useful content. Every panel discussion I attended, every interaction I had was relevant to my work or to my daily life — because we don’t stop living at 5 p.m.” — Jens Lehmann, technical lead and product manager, SAP.
You’ll spend two days diving deep into mobility and transportation tech, trends and regulatory realities. Explore and connect with more than 40 early-stage mobility startups exhibiting in our virtual expo. And — because no one goes far alone — CrunchMatch, our AI-powered platform, helps you expand and strengthen your network with people who align with your business goals.
“The networking at TC Sessions: Mobility is terrific. Our company’s building momentum in the U.S. market, and the opportunity to meet and talk with all the players is very important. The CrunchMatch platform made it easy to connect, and I used it to schedule 22 meetings.” — Melika Jahangiri, vice president at Wunder Mobility.
And then there’s the newest addition to TC Sessions: Mobility — Pitch Night, which kicks off the evening of October 5. Read the details here, and if you’re interested in participating, submit an application here by September 15.
So many outstanding reasons to attend TC Sessions: Mobility 2020, and one compelling reason to beat the deadline. Buy your pass before 11:59 p.m. (PT) tonight, and you’ll save $100.
Is your company interested in sponsoring or exhibiting at TC Sessions: Mobility 2020? Contact our sponsorship sales team by filling out this form.
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Brooklyn-based EV startup Tarform unveiled its Luna electric motorcycle in New York last week — a model designed for an audience that may not actually like motorcycles.
The company’s first street-legal entrant starts at $24,000, does 0-60 mph in 3.8 seconds, has a city range of 120 miles, hits a top-speed of 120 mph and charges to 80% in 50 minutes — according to company specs.
The model was hatched out of the company’s mission to meld aesthetic design and craftsmanship to environmental sustainability in two-wheeled electric vehicles.
To that end, the Luna incorporates a number of unique, eco-design features. The bodywork is made from a flax seed weave and the overall motorcycle engineering avoids use of plastics. The Luna’s seat upholstery is made out of biodegradable vegan leather. Tarform is also testing methods to avoid paints and primers on its motorcycles, instead using a mono-material infused with algae and iron-based metallic pigments.
The company was founded by Swede Taras Kravtchouk — an industrial design specialist, former startup head and passionate motorcyclist. The Luna launch follows the debut of two concept e-motos in 2018.
Image Credits: Jake Bright
On Tarform’s target market, he explained the startup hopes to attract those who may be turned off by the very things that have turned people on to motorcycling over the last 50 years — namely gas, chrome, noise and fumes.
“It’s more for people who want a custom bike and the techies: people who wanted to have a motorcycle but didn’t want to be associated with the whole stigmatized motorcycle lifestyle,” Kravtchouk told TechCrunch.
Tarform enters the EV arena with competition from several e-moto startups — and on OEM — that are attempting to convert gas riders to electric and attract a younger generation to motorcycling.
One of the leaders is California company Zero Motorcycles, with 200 dealers worldwide. Zero introduced its $19,000 SR/F in 2019, with a 161-mile city range, one-hour charge capability and a top speed of 124 mph. Italy’s Energica is also expanding distribution of its high-performance e-motos in the U.S.
In 2020, Harley-Davidson became the first of the big gas manufacturers to offer a street-legal e-motorcycle for sale in the U.S., the $29,000 LiveWire.
And Canadian startup Damon Motors debuted its 200 mph, $24,000 Hypersport this year, which offers proprietary safety and ergonomics tech for adjustable riding positions and blind-spot detection.
On how Tarform plans to compete with these e-motorcycle players, Kravtchouk explained that’s not the company’s priority. “We’re not even close in production to Zero or the other big guys, but that’s not our intention. Think of the [Luna] as a custom production bike,” he said.
“We did not set out to build a bike that is fastest or has the longest range,” Kravtchouk added. “We set out to build a bike that completely revises the manufacturing and supply chain of e-motorcycles in a way where we ethically source our materials and create an ethical supply chain.”
For this mission, Tarform has obtained funding from several family offices and angel investors, including LA-located M13. The Brooklyn-based e-motorcycle company is taking pre-orders on its new Luna and is pursuing a Series A funding round for 2021, according to Kravtchouk.
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A few weeks back, The Exchange looked into the pace of edtech exits, noting that over time, the sector has delivered rising exit volume. All startup verticals want to demonstrate a history of liquidity, so you might imagine that even before the COVID-19 pandemic, edtech fundraising was rising due to its improving exit profile.
The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.
And dollars invested into edtech startups did increase, with 2018 and 2019 recording historically elevated results concerning edtech venture capital deals and venture capital dollars invested.
However, with COVID-19 pushing more students to learn from home and forcing schools to invest in new tooling and other digital capabilities that support remote-learning, a strengthening exit market and a market shift toward edtech services has led to an explosion in venture capital investment in the sector.
According to CBInsight’s data concerning the state of edtech venture capital activity, startups in the sector have already surpassed their 2019 venture capital dollar tally and are on track to set a new record in 2020, besting even 2018’s elevated result. Whether more total edtech deals will be closed in 2020 is less clear, but if current pace holds, 2020 should come somewhat close to 2018’s edtech deal count.
What’s driving the huge boom in edtech’s venture capital results? Let’s dig into just that.
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Wildtype, the startup making lab-grown salmon, is opening up a pre-order list for select chefs.
Although the company is as much as five years out from commercial production, according to founders, the company is looking to partner with select chefs around the country who want to incorporate their sushi-grade salmon product into their menus.
“We’re not launching right now. We’re releasing the news that we have the next iteration of the product,” said co-founder Justin Kolbeck, a former U.S. diplomat who launched the company to address issues of food insecurity he’d seen firsthand while stationed in Afghanistan.
“[It’s] sushi or nigiri or sashimi that you would order at a sushi restaurant,” he said. So the product that Wildtype hopes to ship will be equivalent to the saku blocks of fish meat that sushi chefs carve to prepare salmon. “Chefs will take a fish apart into saku blocks which are 10 to 14 ounces of fish,” said Kolbeck. “They’ll cut out bits that go on nigiri and the bits that are left over are made into rolls. We’ve designed an initial product release that can serve all three of those form factors.”
The process is more difficult than simply culturing cells. According to Kolbeck and Wildtype’s other co-founder Arye Elfenbein, the company has developed its own technology for developing the scaffolding on which both the muscle tissue and fats can grow to replicate the taste and texture of wild-caught salmon.
“We’re developing the cell lines ourselves, we’re developing the scaffolding and we’re developing the nutrients that we need to grow and we’re developing the cultivators that the cells need to grow in,” said Kolbeck.
Image of Wildtype’s sushi-grade, lab-grown salmon (Image Credit: Arye Elfenbein/Wildtype)
For the cultivated meat industry to reach its full potential, companies may need to differentiate their businesses to focus on a single element of the supply chain going forward, the founders said.
Already, companies like Future Fields are raising money to focus on specific examples of the cultivated food supply chain, and Wildtype considered going down that road itself, according to Elfenbein.
“What we’ve created is special in its ability to provide cells with the right signals to organize and mature,” said Elfenbein. “This is applicable to other species than the salmon that we have worked on… we basically create a scaffold that provides the right guidance in different places for cells to take up fats in different places or become more striated.”
Already Wildtype has created sushi-grade salmon that achieves equivalence when it comes to nutrition and when it comes to the healthy omega 3 fats that make salmon a healthier option for consumers.
Wildtype is already working with restaurants in San Francisco, Portland and Seattle and is looking for chefs in other parts of the country.
Kolbeck thinks the timing is right for the company’s cultivated product. Consumers right now are coming to the realization that the supply chain for seafood is broken even as more shoppers are gravitating from the meat aisle to seafood in greater numbers.
From mislabeling of fish to the problems associated with factory fish farming, aquaculture and environmental degradation — along with the risks of chemically contaminated fish — shoppers who want seafood are also increasingly looking for more information about the provenance of the food they’re eating.
“The news is that we’re placing our bet on sushi as an industry where we can launch and make a big splash… pun intended,” said Kolbeck.
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Glasgow, Scotland-based video interview startup Willo has scored a £250,000 (~$320k) seed round of funding after watching demand for its asynchronous Q&A style video platform leap up during the COVID-19 lockdown.
Guernsey-based VC firm 1818 Venture Capital is investing in the seed round, with Willo board members Steve Perry, Stefan Ciecierski and Peter Preston also kicking in a smaller chunk of the capital.
The 2018-founded startup says usage of its SaaS platform has grown at least 80% each month since April, after the UK went into a nationwide lockdown to slow the spread of the novel coronavirus.
Customers have also been finding new uses for the product beyond video interviews — such as for reviews, training, and learning and development — as remote working has been supercharged by the pandemic.
“We have over 1,000 users in 60+ countries — growing 2x faster this month than previous months!” says CEO and founder, Euan Cameron. “Core industries are recruitment, customer research, learning and development and non-profits for volunteers etc.”
The seed funding will be put towards accelerating Willo’s international growth — with a recruitment drive that will add 24 members of staff planned, in addition to spending on further product development.
Cameron confirms it’s working on adding real-time video to the platform, when we ask — so it’s gunning to go after a slice of Zoom (et al)’s lunch.
“Our core product offering is simple, affordable async video communication. However, we are currently in development of a realtime (Live) interviewing option so that organisations can seamlessly flip from an asynchronous video into a realtime one,” he says.
Currently Willo offers an interface that let employers pose questions for candidates/staff to respond to by recording a video response. The platform stores all videos in a dashboard for easy reviewing and sharing.
For the recruitment use-case it also offers a question bank — letting employers choose from “hundreds” of pre-written questions to shave a little friction off the recruitment process.
Expanding on some of the additional uses customers have been finding for the platform during the pandemic, Cameron tells TechCrunch: “We have an education charity in the UK (Worktree) who use Willo to ask people in successful careers around the world about their job and their career path. Worktree then provides these videos to kids in schools to help them make career choices.
“A business in Europe uses Willo to identify niche influencers who have potential and bring them on board a training and development program.”
Another example he gives is a university in India that’s using it to find and enrol software engineers for a degree course. Businesses are also using it to obtain customer testimonials and for customer research. And of course Willo’s own VC investor is a user — having adopted the platform for all new business pitches.
“Every new business must go through Willo as part of what they have branded their ‘Ten Minute Pitch’. They connect Willo to Calendy to automate this workflow which is cool,” he notes, adding: “What is most interesting is that all of these examples previously used to rely on face-to-face meetings or video calls, but they had to adapt.”
Willo is also putting a tentative toe into the waters of artificial intelligence for the hiring use-case, although he says its roadmap has shifted to focus more on chasing growth as a result of the pandemic lockdown effect.
Its website trails an “AI-powered” beta feature that’s doing keyword analysis with the aim of identifying personality and behavioral traits, based on how candidates speak.
Asked about this, Cameron says: “Currently, our AI which is in beta is purely focused on the transcription of the audio, we are working hard on not only transcribing accurately but also creating keyword trends. For example, if you are an analytical person we can identify that and call it out to the organisation by looking at common words and themes within your interview.”
“This is very much in its infancy as COVID-19 has pushed us to focus on delivering what we already do at scale and for the many additional use cases [mentioned previously],” he adds.
Applying algorithms to automate elements of the hiring process is something a growing number of startups have been dabbling in in recent years. Although there can be legal risks around bias/discrimination when applying such tools — given the varied and often complex patchworks of applicable laws in different jurisdictions. (In the UK, for example, equality, employment and data protection law may all need to be considered.)
Asked how Willo is avoiding the risk of AI-powered keyword analysis leading to unfair/unequal effects for interview candidates, Cameron says: “Regarding UK equality law we have been working with organisations on a 1-to-1 basis around training and development of their own staff to ensure that they are using Willo as a tool for good. We believe that the same bias and discrimination would occur in a face-to-face or live video interview so it is a case of eradicating that from the individuals through training. We partner with an HR consultancy to help deliver this training when requested.”
“We are working with an incredibly experienced data and compliance expert to ensure we introduce AI effectively, legally and to the benefit of both interviewer and interviewee,” he adds.
“Our core values are always to be transparent and ensure that we are adding value for all users. One of the challenges with AI at Willo is to ensure that we continue to enhance the human interactions at scale — the number one piece of feedback we receive from users is that they loved seeing and hearing from people — so we never want to automate that out of the product.”
On the competitive front, Cameron lists Sparkhire, Vidcruiter and Recright as “key” competitors though he notes that Willo, which offers a freemium tier, is positioning itself to be accessible for a wider range of users.
“They all focus primarily on recruitment and are prohibitively expensive for most SMEs and start-ups. I believe that video interviewing should benefit everyone, not just large multinationals,” he adds.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines.
The whole crew was back, with Natasha Mascarenhas and Danny Crichton and myself chattering, and Chris Gates behind the scenes tweaking the dials as always. This week was a real team effort as we are heading into the maw of Disrupt — more here, see you there — but there was a lot of news all the same.
So, here’s what we got to:
We wrapped with whatever this is, which was at least good for a laugh. We are back next week at Disrupt, so see you all there!
Equity drops every Monday at 7:00 a.m. PT and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
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TechCrunch is thrilled to announce the 20 companies pitching in Startup Battlefield. Founders from around the world will be connecting in remotely to pitch live on the virtual TechCrunch Disrupt 2020 stage. Our most competitive batch to date, startups will be vying for $100,000 in equity-free prize money and the attention of tier-1 investors and global press.
The competition is stiff. The selected startups have undergone a rigorous application process, with a 2% acceptance rate. This year’s batch is exceptional. From green engine design to social networking video tools, GIS construction management to central American banking platforms for women, and adaptive Sub-Saharan African transportation to healthcare affordability, these companies make groundbreaking innovations in their verticals. Startups featured run the gamut — water conserving vertical farming in India, screen-less interfaces, security tech, multi-lingual adaptive children’s learning toys and even 3D-printed rocket fuel.
Teams have trained for weeks with the Startup Battlefield team to hone their pitches, polish their live demos and strengthen their business launch strategy. Monday through Thursday, startups will pitch live for six minutes, followed by a six-minute Q&A session with our expert judges. On Friday, the finalist companies selected will pitch again for the final Startup Battlefield round — this time with a new set of judges.
Startup Battlefield starts on Monday, September 14th at 10:30 a.m. Pacific Time, with Startup Battlefield moderator and TechCrunch Senior Writer Anthony Ha. To watch the live stream simply log in to TechCrunch.com. You can also gain access to the full Disrupt 2020 experience here.
Let’s check out the companies:
Monday
Session 1: 10:30 a.m. – 11:35 a.m. PT
Matidor, Clinic Price Check, Firehawk Aerospace, Satellite Vu, DaVinci Kitchen*
Tuesday
Session 2: 10:30 a.m. – 11:35 a.m. PT
SoloSuit, Tuverl, Latent AI, HacWare, Vibe*
Wednesday
Session 3: 10:30 a.m. – 11:35 a.m. PT
Jefa, Touchwood Labs, Rally.video, Luther AI, Kiri
Thursday
Session 3: 10:40 a.m. – 11:45 a.m. PT
Perigee, Urban Kisaan, Crover, ClearFlame Engine Technologies, Canix
Friday
Finals begin at 10:40 a.m. PT. Companies will be announced online Thursday night.
*As a part of Startup Alley, companies are eligible for the Wild Card. These are the companies selected for Wild Card and can compete in Startup Battlefield. They are selected only days before the event.
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