Kurtosis raises $20M Series A to give web3 developers a 'place to play' - TechCrunch

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Hadje and I switch places for the next two days while he gets some much needed rest. While he’s gone, please enjoy his latest Glambook’s Pitch Deck Teardown. Meanwhile, TechCrunch Disrupt is approaching: Meet the last five winners of the Disrupt Audience Choice Roundtableand if you are a student, enter our video competition for a chance to win a free pass.

And don’t forget, applications close tomorrow for the Startup Battlefield 200! Apply today to join the Startup Battlefield 200 for the chance to pitch your startup for free at TechCrunch Disrupt this October and win the $100,000 equity-free prize. Applications close on August 5. Don’t forget to get your applications in by tomorrow! Apply today.

I’ll see you tomorrow! — Christine

TechCrunch’s Top 3

  • Tools around: Two years ago, two former Palantir engineers launched Kurtosis, a crypto-focused developer tools system, and now they’ve raised $20 million in new funding to hire a team to launch a new product next year. Jacqueline reports.
  • I’m raising some capital: Argentinian fintech Geopagos abandons early life as it takes $35 million in new capital to help the business launch its own financial services products, Mary Ann write.
  • Set-off for share repurchases: Snap and Airbnb take stock buybacks amid slower growth Alex raising his eyebrows and looking under the hood to see what was going on.

Startups and VCs

There’s a lot of launch news again today, so let’s dig in. First, Natasha M brings us some additional layoff news from On Deck, which is cuts another third of its staff after cutting a quarter a few months ago. For those of you who can add fractions, that’s a lot, right?

We enjoyed reading Beccainvestor survey history where she interviewed six first-time fund managers about their approach to dealing with the downturn.

Also, buy now, pay later is still more prevalent in the consumer world (cf Anitathe funding history of Halliday), but businesses also want to have fun. Here’s where Kontempo comes with $30 million and its approach to enable sales teams to approve credit, Kyle reports.

From NDA to LOI: What Really Happens When Your Startup Gets Acquired?

Kawaii cookie vector illustration.  Kawaii Japanese chocolate chip cookie with eyes and mouth.  Flat character isolated on white background.

Image Credits: Anna Minkina (opens in a new window) / Getty Images

Last week, Dell Technologies Capital Vice President and Managing Director Yair Snir shared an article explaining why founders should plan an acquisitionespecially since the chances of them going public are so high.

In a follow-up, he takes readers through the post-acquisition integration period/process:

  • The shopping sprint
  • The road to LOI
  • Attracting bankers
  • Diving in due care
  • Defining “Day One”
  • You are acquired!

“While IPOs may get more headlines, a timely and well-planned acquisition can mean even greater opportunities for you, your team, and the technology you’ve built,” says Snir.

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

When it comes to cryptocurrency, BlackRock is now saying, “Why beat them when you can join them?” Anita writes about the asset management giant is joining forces with Coinbase to give its customers access to crypto, initially Bitcoin. And speaking of Coinbase, Jacqueline and Alex write for TechCrunch+ why this partnership and others that Coinbase has pleasing investors.

In the realm of social media, we loved it Amandathe story of where she spoke with Patreon CEO Jack Conte why Instagram and Facebook are on his list, and not in a good way. And Aisha tells us what happens to some new Clubhouse features.

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