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São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B

5 years 1 month ago
Less than three months after announcing a $300 million Series E, Brazilian proptech QuintoAndar has raised an additional $120 million. New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from some existing backers as well. São Paulo-based QuintoAndar is now valued at $5.1 billion, up from $4 billion at the time […]
Mary Ann Azevedo

A mathematician walks into a bar (of disinformation)

5 years 1 month ago
Disinformation, misinformation, infotainment, algowars — if the debates over the future of media the past few decades have meant anything, they’ve at least left a pungent imprint on the English language. There’s been a lot of invective and fear over what social media is doing to us, from our individual psychologies and neurologies to wider […]
Danny Crichton

Spotify to spend $1B buying its own stock

5 years 1 month ago
If Spotify is still a growth-focused company, shouldn't it preserve its capital to invest in exclusive podcasts and the like — efforts that may grant it pricing power in the future?
Alex Wilhelm

Nvidia-ARM takeover raises serious antitrust concerns, finds UK’s CMA

5 years 1 month ago
The U.K.’s competition watchdog has raised serious concerns about Nvidia’s proposed takeover of chip designer, ARM. Its assessment was published today by the government, which will now need to decide whether to ask the Competition and Markets Authority (CMA) to carry out an in-depth probe into the proposed acquisition. In the executive summary of the […]
Natasha Lomas

Men are a niche demographic

5 years 1 month ago
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Danny was back, joining Natasha and Alex and Grace and Chris to chat through the week’s coming and goings. But, before we get to the official news, here’s some personal news: Danny is stepping back from his role as co-host of the Friday show! Yes, Mr. […]
Natasha Mascarenhas

Cardiomatics bags $3.2M for its ECG-reading AI

5 years 1 month ago
Poland-based health tech AI startup Cardiomatics has announced a $3.2 million seed raise to expand use of its electrocardiogram (ECG) reading automation technology. The round is led by Central and Eastern European VC Kaya, with Nina Capital, Nova Capital and Innovation Nest also participating. The seed raise also includes a $1 million non-equity grant from […]
Natasha Lomas

China passes data protection law

5 years 1 month ago
China has passed a personal data protection law, state media Xinhua reports (via Reuters). The law, called the Personal Information Protection Law (PIPL), is set to take effect on November 1. It was proposed last year — signalling an intent by China’s communist leaders to crack down on unscrupulous data collection in the commercial sphere […]
Natasha Lomas

Facebook launches program to help small Indian businesses secure loans

5 years 1 month ago
Facebook is launching a new program in India to help small and medium-sized businesses secure loans in the South Asian market as the company makes further push to expand its presence among merchants. The social conglomerate said its new program, called Small Business Loans Initiative, addresses some of the biggest pain points small businesses face […]
Manish Singh

Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online

5 years 1 month ago
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the moment. Today’s news is from Alerzo, a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. The company is announcing a $10.5 million Series A […]
Tage Kene-Okafor

Microsoft backs India’s Oyo at $9.6 billion valuation

5 years 1 month ago
Microsoft has invested $5 million in Indian budget hotel chain Oyo, according to a regulatory filing this week. The investment confirms a TechCrunch scoop from last month. The new investment values Oyo at $9.6 billion, only slightly below the $10 billion implied valuation from the Indian startup’s previous financing round in 2019. The startup, which […]
Manish Singh

Top four highlights of Elon Musk’s Tesla AI Day

5 years 1 month ago
Elon Musk wants Tesla to be seen as “much more than an electric car company.” On Thursday’s Tesla AI Day, the CEO described Tesla as a company with “deep AI activity in hardware on the inference level and on the training level” that can be used down the line for applications beyond self-driving cars, including […]
Rebecca Bellan

Musk: The Tesla Bot is coming

5 years 1 month ago
Remember that weird Will Smith movie about robots? Yeah, neither do we. But Elon Musk does. Tesla is developing a 5’8” Tesla Bot, with a prototype expected sometime next year. The news comes during Tesla’s inaugural AI Day, which was streamed on the company’s website Thursday night. The bot is being proposed as a non-automotive […]
Aria Alamalhodaei

Indonesian D2C insurance marketplace Lifepal raises $9M Series A

5 years 1 month ago
Choosing an insurance policy is one of the most complicated financial decisions a person can make. Jakarta-based Lifepal wants to simplify the process for Indonesians with a marketplace that lets users compare policies from more than 50 providers, get help from licensed agents and file claims. The startup, which says it is the country’s largest […]
Catherine Shu
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