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It’s Friday, and that means… We don’t really even know what that means anymore, except that we’ll be sitting in the sun basking in the last few days of warm weather before it’s time to be the envy of the antipodes for the next six months. — Christine and Hadje
TechCrunch’s Top 3
- Fashionably late: Epic Games liked the distributed computing startup Hadean so much that they didn’t want to miss the chance to support it. gender there’s more on how Epic was able to get involved in the $30 million Series A investment and why.
- From dull to brilliant: Life insurance isn’t often a hot topic, but Strava co-founder Mark Shaw believes he’s found a way to “insure” it with Inclined, a company that makes loans against whole life insurance policies. Mary Ann write. The company is now close to a $15 million Series A round.
- Shopping for health care: Healthcare is a complex web of doctors, labs and payers that rarely seem to connect. Kenyan startup Ponea Health is about to change that with its healthcare marketplace that brings everyone together, Annie reports.
Startups and VCs
The crypto market is flooded with centralized (Binance, FTX) and decentralized ETH based perpetuals and options trading platforms (Dydx, Opyn, Perpetual Protocol). Nibiru is trying to build the first mainstream decentralized multi-chain solution. The company is co-founded by Tribe Capital GP Arjun Sethi and just raised $7.5 million in seed funding at a valuation of $100 million, Manish reports.
A cloud kitchen — also known as a ghost kitchen or shared kitchen — offers restaurant owners and food entrepreneurs commercial kitchen space at a discounted price for food delivery and takeout. A Manila-based startup called CloudEats, which operates cloud kitchens in the Philippines and Vietnam, just raised a $7 million Series A extension to accelerate the digitization of food services in Southeast Asia, Kate reports.
Here are a few more…
8 Investors Discuss What’s Next for Reproductive Health Startups in a Post-Roe World
Dominique-Madori Davis polled eight investors about the role venture capital can play in this new era in which Americans no longer have the legal right to have an abortion.
The Supreme Court’s Dobbs decision affected more than health care and privacy: Will capital and talent flee American states that restrict reproductive rights? Will investors back more startups that expand healthcare access?
Given the “tenuous relationship between venture money and ethics,” Dominique-Madori asked the group how they plan to exert influence—and how they prefer to be approached by entrepreneurs:
- Hessie Jones, Partner, MATR Ventures
- Lisa Calhoun, Gary Peet and William Leonard, Valor Ventures
- Meka Tart, CEO, Startup Runway
- Ed Zimmerman, Founding Partner, First Close Partners
- Theodora Lau, founder of Unconventional Ventures
- McKeever Conwell, Founder, RareBreed Ventures
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Big Tech Inc.
Who knew a baseball simulation game will it hold up so well in the midst of a pandemic? The Game Band certainly did. Amanda talk to Blaseball’s creators about how they’re building the game for the future.
- A breakthrough in a new show: If you’re a “Breaking Bad” fan, the show’s creator announced a new show for Apple TV+, Ivan write.
- Back clap: The California Department of Civil Rights is now considering a counterclaim by Tesla after a judge refused to throw out a lawsuit alleging racial bias at the electric car giant. Rebecca there is more.
- New boss: Former Google advertising executive Alan Thigesen has a new commitment: serving as the DocuSign’s new CEO, Ron reports.
- There is no shortage of supplies here: Jacqueline reports on GM Ventures’ new investment in lithium recyclinga Canadian battery recycling company to keep GM’s fleet of electric vehicles running.
- Urgent message: There are elections in Italy on Sunday and the country is nervous election interference measuresso sent a message to Meta requesting information on how Facebook plans to manage this, Natasha L write.