Day: February 8, 2019

British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans. Today’s funding round is the biggest funding round in a European fintech company. […]

Carbonite, the online backup and recovery company based in Boston, announced late yesterday that it will be acquiring Webroot, an endpoint security vendor, for $618.5 million in cash. The company believes that by combining its cloud backup service with Webroot’s endpoint security tools, it will give customers a more complete solution. Webroot’s history actually predates the […]

Amazon’s decision to open HQ2 in New York City has been a controversial decision since day one. The company has been championing the estimated 25,000 jobs the move could bring to the metropolitan area, while citizens and local government officials have balked at promised tax breaks and the added strain on housing and an aging infrastructure. […]

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Jeff Bezos accuses National Enquirer of blackmailing him — and publishes the details himself Amazon CEO Jeff Bezos says he is […]

Pivots can be the making of a startup, helping teams refocus on a good idea when previous things haven’t worked. But sometimes, they are just one more step on a difficult track. TechCrunch has learned and confirmed that Adero — an Amazon-backed maker of Bluetooth-enabled tracking tags that until last December was known as TrackR — is laying […]

In the past year, more than 63,000 people took 625,000 rides on JUMP bikes in San Francisco, JUMP announced today. Each JUMP bike in San Francisco saw an average of seven rides per bike day compared to the docked bike industry average of one to two per day. JUMP initially launched 250 bikes at the […]

Micah Rosenbloom Contributor Micah Rosenbloom is a venture partner at Founder Collective. More posts by this contributor Business school grads and quants are winning the battle to create the next P&G Startups need to respect the laws of retail physics Unlike 2000 and 2008, everyone in the startup world is expecting a crash to come […]

Just in time for the Grammy Awards, Apple has unveiled three new ads for Apple Music, featuring new singles from Ariana Grande, Khalid and Florida Georgia Line. In each video, the musicians have been transformed in Memoji (the human-style Animoji variant that was announced last year), which lip synch to their latest songs. The ads probably […]

It’s that time of the week again when Megan Rose Dickey and I talk about the good and could-be-better tech companies. This week, we talked about Instacart <a href=”https://techcrunch.com/2019/02/05/instacart-faces-class-action-lawsuit-regarding-wages-and-tips/”>getting caught shorting its shoppers out of dough they rightfully deserved. Of course the company apologized for its “misguided” approach. Which at least sounds better than apologizing for getting […]

Rebag, an online resale marketplace for luxury handbags, is getting another infusion of capital as it prepares to expand its offline retail operations. The company this week announced $25 million in Series C funding, in a round led by private equity firm Novator, with participation from existing investors, General Catalyst and FJ Labs. The round brings Rebag’s […]