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Berlin’s Razor Group raises $400M to buy and scale Amazon Marketplace merchants

5 years 5 months ago
The market remains very hot for startups building e-commerce empires by consolidating independent third-party merchants that have gained traction on Amazon’s Marketplace, and in the latest development, Razor Group — a Berlin-based startup buying up promising Amazon sellers and scaling them into bigger, multi-channel businesses — has closed financing of $400 million to scale its […]
Ingrid Lunden

Uber and Arrival partner to create an EV for ride-hail drivers

5 years 5 months ago
Arrival, the electric vehicle manufacturer that’s attempting to do away with the assembly line in favor of highly automated microfactories, is partnering with Uber to create an EV for ride-hail drivers.  Arrival expects to reveal the final vehicle design before the end of the year and to begin production in the third quarter of 2023. […]
Rebecca Bellan

Amazon’s over-the-top business, including IMDb TV and Twitch, tops 120M monthly viewers

5 years 5 months ago
Amazon’s free, ad-supported streaming service IMDb TV is getting its own mobile app. The company announced the news today at its first-ever NewFronts presentation to advertisers, where it also shared that its over-the-top streaming businesses combined — meaning, IMDb TV, Twitch, live sports like Thursday Night Football, Amazon’s News app and others — have now […]
Sarah Perez

Ford, BMW lead Solid Power’s $130M Series B round

5 years 5 months ago
Solid state battery systems have long been considered the next breakthrough in battery technology, with multiple startups vying to be the first to commercialization. Automakers have been some of the top investors in the technology, each of them seeking the edge that will make their electric vehicles safer, faster and with increased range. Ford Motor […]
Aria Alamalhodaei

CryptoPunks maker Larva Labs launches their new NFT project, Meebits

5 years 5 months ago
The creators behind CryptoPunks, one of the most popular NFT projects on the web, just revealed their latest project, called Meebits. The project boasts 20,000 procedurally generated 3D characters that are tradeable on the Ethereum blockchain. There have been hundreds of 3D avatar NFT platforms popping up over the past several months hoping to gain […]
Lucas Matney

Volvo AB and Daimler Trucks team up in hydrogen fuel cell joint venture

5 years 5 months ago
Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies […]
Aria Alamalhodaei

Twitter expands Spaces to anyone with 600+ followers, details plans for tickets, reminders and more

5 years 5 months ago
Twitter Spaces, the company’s new live audio rooms feature, is opening up more broadly. The company announced today it’s making Twitter Spaces available to any account with 600 followers or more, including both iOS and Android users. It also officially unveiled some of the features it’s preparing to launch, like Ticketed Spaces, scheduling features, reminders, […]
Sarah Perez

As companies prioritize diversity, startups are trying to productize diverse hiring

5 years 5 months ago
When the iconic American power tools company Stanley Black & Decker began looking for ways to improve the pipeline of diverse candidates that the company was reviewing for potential roles, it turned to an Israeli-based startup called Talenya for help. The company wasn’t alone in looking to startups for support in new hiring initiatives. Last […]
Jonathan Shieber

Epic Games buys artist community ArtStation, drops commissions to 12%

5 years 5 months ago
One the same day as Fortnite maker Epic Games goes to trial with one of the biggest legal challenges to the App Store’s business model to date, it has simultaneously announced the acquisition of the artist portfolio community ArtStation — and immediately lowered the commissions on sales. Now standard creators on ArtStation will see the […]
Sarah Perez

The Duolingo EC-1

5 years 5 months ago
Education may well be the most important activity we conduct as a society — and it may also be the hardest space to build a startup in. Selling to school districts and universities is notoriously difficult, but enticing consumers is even harder. Learning takes focus, patience, tenacity and resources, and most consumers would prefer to […]
Natasha Mascarenhas

How a bot-fighting test turned into edtech’s most iconic brand, Duolingo

5 years 5 months ago
Luis von Ahn, an entrepreneur who has dedicated his career to scaling free education, has probably annoyed you more than once. In fact, you’ve likely been annoyed by his work dozens and maybe hundreds of times over the years. A decade before he co-founded the whimsical and language-learning app Duolingo, one of the most popular […]
Natasha Mascarenhas

The product-led growth behind edtech’s most downloaded app

5 years 5 months ago
Duolingo CEO and co-founder Luis von Ahn was tired of the gray and dreary design aesthetic edtech companies used to emulate universities. Instead, he and the company’s early team sought inspiration from games like Angry Birds and Clash Royale, looking to build a class that screamed more cartoon anarchy than lecture hall. From that frenetic […]
Natasha Mascarenhas

How Duolingo became fluent in monetization

5 years 5 months ago
As its meandering route to monetization will demonstrate, Duolingo isn’t mission-oriented, it’s mission-obsessed. Co-founders Luis von Ahn and Severin Hacker never wanted to charge consumers for access to Duolingo content, a purpose imbued throughout the company’s culture. For years in order to work at Duolingo, you had to be comfortable with joining a company in […]
Natasha Mascarenhas

Duolingo can’t teach you how to speak a language, but now it wants to try

5 years 5 months ago
Duolingo has been wildly successful. It has pulled in 500 million total registered learners, 40 million active users, 1.5 million premium subscribers and $190 million in booked revenues in 2020. It has a popular and meme-ified mascot in the form of the owl Duo, a creative and engaging product, and ambitious plans for expansion.There’s just […]
Natasha Mascarenhas
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