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Hello and welcome to the Daily Crunch on Tuesday, December 14! Our space event is underway and is peaking at Q so far, I’m happy to report that. In other TechCrunch news, I just turned two years back on the blog. Time is running out! Thanks everyone for reading my ramblings so I can stay on the right TechCrunch ship. Now for the news! –Alexis
The Top 3 TechCrunch
- Apple’s Siri music plan launched: I had forgotten everything about Apple’s cheaper, more limited music plan announced earlier this year. But it’s not just real, it’s here. So if you are passionate about Apple speaker technology and want to save a few bucks, here is a music streaming option for you. Notably, part of the innovation is lower pricing, which frankly, given the streaming economy, isn’t the direction I want to see music services go.
- This may be the SPAC peak: To cap the Dumbest Stories of 2021 with a cherry, a Metaverse-themed company with roughly $ 1 million in revenue is being made public through a SPAC. Naturally, he has high expectations for future income growth. The company is betting that public market investors are enamored of all things metaverse enough to bid on its equity. Let’s see.
- Syndical Big Cartel: In the wake of the news that Amazon workers died at their facility after tornado hit it, you might be curious about the progress of organizing among workers in tech companies. Slowly, is the answer to this. But startups are taking the lead again, Big Cartel having chosen to voluntarily recognize its union of employees. Confuses? Yes, leadership has been scarce in this area from a business perspective.
Startups / VC
Kicking off today, here’s a guide from our very own Sarah Perez on what gifts to buy if you’re looking to cut down on your or your loved one’s screen time. I need this.
- How many stars does your doctor have? Garner Health is betting that you want to consult doctors’ opinions before choosing your provider. The company’s work landed a $ 45 million Series B, reports TechCrunch. Considering the size of the healthcare market, the company’s APR is indeed infinite.
- The new webcam status symbol: Everybody talk about opalat least on my Twitter feed. The company built a $ 300 webcam that looks nifty and, we presume, will in fact be in stock. At this point in the pandemic, many people still have spotty internet, poor lighting, and more. Maybe startup didn’t miss its window.
- a16z supports PleasrDAO: Decentralized Autonomous Organization (DAO) PleasrDAO has garnered support from a16z, which TechCrunch says is not the first time the investment group has supported a DAO. Pleasr’s claims to fame seem to be that he bought an NFT doge for $ 4 million and spent millions more on a Wu-Tang Clan album.
- The pair raise $ 60 million: While we’re far enough away from Warby Parker’s founding story now that the company is public, startups aren’t letting the glasses game rest. Pair, which makes glasses that allow for inexpensive modifications, has just completed its second cycle of the year. Previously, the company raised $ 12 million in April. A quick read of her service while writing this newsletter for you left me wanting a pair, regardless of my limited fashion sense. It should be noted that Warby Parker remains above its IPO price of $ 40 per share. More information on the Warby DTC IPO earlier this year.
- Mixhalo expands the B series for live audio mixing: The live events industry may have been little more than dying in recent years, but it turns out Mixhalo is far from dead. The company, focused on live audio for, well, live events just wrapped up a Series B.
- Data mapping is big business: If you go back to the depths of boot time, there was once that great moment for “mashups”. The idea was to take two sets of data and overwrite them together. This led to sites like Mashable – you get it? – in the process of being formed. The mashup movement found itself engulfed in other tech work. Where was it? Carto just raised a $ 61 million Series C for what TechCrunch describes as helping companies display “data on interactive maps so you can more easily compare, optimize, balance, and make decisions.” Maps and data? It looks like a mashup.
- Today’s Tiger round is Mesh Payments: Helping businesses manage their expenses is just a huge category of startups. Ramp, Brex, Airbase and others are working on the issue in the United States, for example. International competitors also abound. Today, TechCrunch noted that Mesh Payments, another space player, just raised a $ 50 million round led by the ubiquitous Tiger.
- The Luxembourg company IBISA raises the micro-tower for microinsurance: I dig this one. Focused on covering “small farmers whose livelihoods could be affected by adverse weather events”, IBISA has just raised around $ 1.7 million in a new round of funding. The company, despite its European roots, focuses on developing markets.
- Vertical SaaS remains an investable category: With Squire raising successive rounds for its vertical barber shop SaaS game, we shouldn’t be shocked that Fresha raised $ 52.5 million in capital today. The company sells software for the beauty and wellness industry.
Finally, as we enter today’s TechCrunch + article, our own Ron Miller isn’t as convinced as some of the web3 hype. Others are more enthusiastic:
7 investors discuss the present of web3 and look into its future
We’re years away from web3 to capture a major market share, and there are legitimate concerns that its complexity may intimidate consumers and regulators.
However, our research has indicated that the investment landscape is becoming increasingly competitive as venture capitalists become more educated and less skeptical.
To get a clearer idea of the market situation, we contacted several active investors to find out where web3 is and what the future holds:
- Lior Messika, Founder and Managing Partner, Eden Block
- Atul Ajoy, Partner, Horseshoe Capital
- David Chreng-Messembourg, founding partner, LeadBlock Partners
- Randy Glein, Founder / Partner, and Sam Shapiro, Director, DFJ Growth
- Mercedes Bent, partner, Lightspeed Venture Partners
- Jai Das, Co-Founder, Chairman and Partner, Sapphire Ventures
(TechCrunch + is our membership program, which helps startup founders and teams get ahead. You can register here.)
Big Tech Inc.
- Coinbase adds an image viewing feature: If you are using Coinbase Wallet on a computer, you can now view your NFTs. We would normally make jokes here about the technology required to display images on computers, but we don’t want to get into a Twitter war with Bored Ape fans.
- Snap paid a quarter of a billion this year to support its TikTok clone: Snap’s Snapchat service is an interesting social product to watch. She has never given up her slight angle on the social world, and her parent company has not shied away from using its capital resources – the company raised debt a few years ago – to maintain the platform. well stocked. Today, the company announced that it has paid creators $ 250 million to create content for Spotlight, which is similar to TikTok.
- The Cash application now allows users to offer crypto shares: The ability to offer crypto is not new in itself, but the rollout of Cash App could enable more crypto giveaways in the mass market. Remember that Cash App no longer belongs to Square, it belongs to To block, its newly renamed parent company.
- UK seeks to shake up Google, Apple: The war between third-party developers and major mobile app store companies continues across the globe, with news today that “the UK’s antitrust watchdog has given the clearest signal to To date, interventions as part of an upcoming reform of the country’s competition rules will target “Apple (iOS) and Google (Android).
- A failure of autonomous driving: Daily Crunch has made a lot of mention of autonomous driving milestones this year, covering new business partnerships and tentative moves in the market. But there has been negative progress today, with Chinese autonomous driving startup Pony.ai having its California testing license revoked following an accident.
- Netflix lowers its prices in India: We noted in this missive that Netflix is getting into the gaming business. Why? Because there are only a limited number of people with enough money and internet access for Netflix to sell streaming services. Evidence that the company is starting to clash with its natural market size is that the US streaming service is cutting prices in India. As our own Manish Singh notes, this is not the first time the company has changed its prices in the country.
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If you’re curious about how these polls shape our coverage, check out this interview with Anna Heim: “From Ph.D. to Store Software Developer: An Interview with Andrew Drach from Solwey. “