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Lucid raises $60M as it plans to dominate market research
Lucid is announcing that it has raised a $60 million round led by North Bridge Growth Equity. It’s the company’s first outside funding since raising a relatively tiny $2.8 million back in 2011. Founder and CEO Patrick Comer said that in the years between, he deliberately wanted Lucid to “run really, really lean and pour every dollar into growth of product.” Now,… Read More
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Gig economy stalwart TaskRabbit is contemplating a sale
One of the earliest and most prominent startups of the so-called “sharing economy” or “gig economy” is evaluating the possibility of selling itself. As reported by Recode, freelance work marketplace TaskRabbit acknowledged that it is contemplating a sale after receiving inbound interest from a possible strategic buyer. Read More
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Uber is now banned in Italy for unfair competition
While Uber is fighting Waymo at home, the American company is also having issues abroad. As Reuters reported, an Italian court has ordered Uber to stop all activities in all of Italy. The court says Uber represents unfair competition for taxi drivers. Spotify Premium Director Robert Lamvik leaves company for meditation app Headspace
Meditation app Headspace recently brought on Robert Lamvik, Spotify’s now-former director of its premium service, and Dr. Megan Jones Bell, former chief science officer at mental health startup Lantern. Their respective roles at Headspace are head of growth and chief science officer — two new roles at the company. Read More
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Postepic is an app for elegantly sharing book quotes
Postepic wants to liberate all those interesting text snippets you have languishing on your camera roll and turn them into visually appealing quotations ready for social sharing. But is there mainstream appetite for an ‘Instagram for book quotes’? Adidas’ latest 3D-printed shoe puts mass production within sight
Adidas unveiled their latest 3D-printed shoe last night, the Futurecraft 4D. The shoe is a huge improvement on their last 3D-printed runners, which were more of a concept than an actual product. The new version is better suited for mass production – Adidas plans on selling 5,000 pairs this upcoming fall, which will scale up to more than 100,000 pairs by the end of 2018. While the… Read More
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Smartphone repairing startup Save gets picked up by Remade Group
The last time I wrote about Save, the French startup had just raised $16.7 million to prove that you could scale smartphone repair services. It’s been a roller coaster ride since then as the company had to claim insolvency. After this process, Remade Group is picking up Save’s business and employees.
While the startup managed to grow quite rapidly, it was hard to keep up with the pace. Read More
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Millennial-focused publisher Mic raises $21M, with Time Warner Investments joining the board
Mic has raised $21 million in new funding, which co-founder and CEO Chris Altchek said will accelerate the digital publisher’s investment in video news.
The company says it currently reaches 66 million unique readers and viewers each month, and that 75 percent of its daily views come from video — particularly impressive when you consider that it launched its first video… Read More
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Otonomo raises $25M to help automakers make money from connected cars
It’s no secret that data is the hot new revenue source for automakers, who are seeing additional profit opportunities bloom as vehicles become more connected and they can retrieve a ton of useful data that’s incredibly valuable when deployed correctly. Israeli startup otonomo has been on top of that trend since its founding in 2015, with nine automakers worldwide using its platform… Read More
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Equity podcast: Lyft’s new anti-Uber warchest, and Gene Munster on IPOs and Apple
Welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the financial side of technology. This week Katie Roof, Matthew Lynley and your servant sat down with Gene Munster, best known for his bullish takes on Apple as an analyst. Munster is now a venture capitalist at Loup Ventures, where he’s a managing partner. As a group we dug into Lyft’s… Read More
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