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Well, Bill Gates is never going to buy a Tesla now - techcrunch

Well, Bill Gates is never going to buy a Tesla now

Elon Musk is not one to mince words, but he may have just lost a potential customer because of a cutting tweet. That customer is renowned big deal Bill Gates, who sat down recently with YouTuber Marques Brownlee, who joined the platform in 2009 and has amassed more than 10 million viewers. Gates and Brownlee […]
techcrunch - 4 hours ago
Fifth Wall’s Brendan Wallace on coronavirus, WeWork and what’s shaking up proptech - techcrunch

Fifth Wall’s Brendan Wallace on coronavirus, WeWork and what’s shaking up proptech

Last week, we interviewed Brendan Wallace, a real estate-focused venture capitalist whose portfolio companies include Opendoor, which buys and sell homes, and scooter company Lime, which helps building owners navigate around parking requirements by installing docking stations instead. We first talked with Wallace almost exactly three years ago when he and partner Brad Greiwe took […]
techcrunch - 6 hours ago
Cloud spending said to top $30B in Q4 as Amazon, Microsoft battle for market share - techcrunch

Cloud spending said to top $30B in Q4 as Amazon, Microsoft battle for market share

We all know the cloud infrastructure market is extremely lucrative; analyst firm Canalys reports that the sector reached $30.2 billion in revenue for Q4 2019. Cloud numbers are hard to parse because companies often lump cloud revenue into a single bucket regardless of whether it’s generated by infrastructure or software. What’s interesting about Canalys’s numbers […]
techcrunch - 7 hours ago
Alphabet takes the wind out of its Makani energy kites - techcrunch

Alphabet takes the wind out of its Makani energy kites

Google today announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites. Manaki, which was founded in 2006, came into Google/Alphabet seven years ago as a Google X project. Last year, the company spun it out of X and made it a stand-alone Alphabet unit. Now, […]
techcrunch - 7 hours ago
Blue Apron is considering selling itself - techcrunch

Blue Apron is considering selling itself

Meal kit company Blue Apron has long been on the struggle bus — whether it’s been its lackluster debut on the public market, employee lawsuits or layoffs. So, it should come as no surprise that the company is considering selling itself in order to maximize value for shareholders. In addition to a potential sale, Blue Apron […]
techcrunch - 8 hours ago
Twitter acquihires Stories template maker Chroma Labs - techcrunch

Twitter acquihires Stories template maker Chroma Labs

Is “Twitter Stories” on the way? Or will we just get tools to send prettier tweets? Well now Twitter has the talent for both as it’s just acquihired Chroma Labs. Co-founded by Instagram Boomerang inventor John Barnett, Chroma Labs’ Chroma Stories app let you fill in stylish layout templates and frames for posting collages and […]
techcrunch - 8 hours ago
Indian police open case against hundreds in Kashmir for using VPN - techcrunch

Indian police open case against hundreds in Kashmir for using VPN

Local authorities in India-controlled Kashmir have opened a case against hundreds of people who used virtual private networks (VPNs) to circumvent a social media ban in the disputed Himalayan region in a move that has been denounced by human rights and privacy activists. Tahir Ashraf, who heads the police cyber division in Srinagar, said on […]
techcrunch - 9 hours ago
Do trade shows still matter in the age of online business? - techcrunch

Do trade shows still matter in the age of online business?

The death of Mobile World Congress 2020 started as a trickle. First, it was an understandably nervous ZTE. As a Chinese company, it was undoubtedly going to receive extra scrutiny — never mind that ZTE’s Shenzhen headquarters are a two-hour flight from Wuhan. Soon enough, South Korea’s LG backed out, followed by Nvidia and Ericsson. […]
techcrunch - 9 hours ago
Join the Q&A with top speakers at TC Sessions: Robotics+AI (March 3) - techcrunch

Join the Q&A with top speakers at TC Sessions: Robotics+AI (March 3)

Over the past four years, TechCrunch has brought together some of the biggest names in robotics: founders, CEOs, VCs and researchers for TC Sessions: Robotics+AI. The show has provided a unique opportunity to explore the future and present of robotics, AI and the automation technologies that will define our professional and personal lives. While the […]
techcrunch - 9 hours ago
Patreon enters the micro-lending game with Patreon Capital - techcrunch

Patreon enters the micro-lending game with Patreon Capital

Patreon, a platform for creators to earn monetary support from fans, is busting out the checkbook. The startup isn’t playing VC quite yet with newly-launched Patreon Capital but they are hocking non-equity cash advances (loans!) for Patreon customers in need of some extra cash for big creative rollouts. Patreon has already made about a dozen […]
techcrunch - 10 hours ago
TubeMogul execs launch Arize AI for AI troublehsooting - techcrunch

TubeMogul execs launch Arize AI for AI troublehsooting

A new startup called Arize AI is building what it calls a real-time analytics platform for artificial intelligence and machine learning. The company is led by CEO Jason Lopatecki, who has also served as chief strategy officer and chief innovation officer at TubeMogul, the video ad company acquired by Adobe. TubeMogul’s co-founder and former CEO […]
techcrunch - 10 hours ago
Dell sells RSA to consortium led by Symphony Technology Group for over $2B - techcrunch

Dell sells RSA to consortium led by Symphony Technology Group for over $2B

Dell Technologies announced today that it was selling legacy security firm, RSA for $2.075 billion to a consortium of investors led by Symphony Technology Group. Other investors include Ontario Teachers’ Pension Plan Board and AlpInvest Partners. RSA came to Dell when it bought EMC for $67 billion in 2015. EMC had bought the company in […]
techcrunch - 11 hours ago
Noom competitor OurPath rebrands as Second Nature, raises $10M Series A - techcrunch

Noom competitor OurPath rebrands as Second Nature, raises $10M Series A

Back in 2018 OurPath emerged as a startup in the UK tackling the problem of diabetes. The company helped customers tackle the disease, and raised a $3m round of funding by combining advice from health experts with tracking technology via a smartphone app to help people build healthy habits and lose weight. Now rebranded as […]
techcrunch - 11 hours ago
Pandora’s new Apple Watch app lets you leave your iPhone behind - techcrunch

Pandora’s new Apple Watch app lets you leave your iPhone behind

Support for standalone streaming has come to Pandora’s Apple Watch app. The company today announced the official launch of its new, standalone app for Apple Watch that lets you listen to music and podcasts on the go, even without your iPhone. The launch makes Pandora the first major third-party — meaning, first besides Apple Music […]
techcrunch - 11 hours ago
Why Kepler is building its full-stack satellite business in Canada - techcrunch

Why Kepler is building its full-stack satellite business in Canada

Toronto-based telecommunications startup Kepler Communications surprised many recently when it revealed plans to establish its own satellite assembly and base the operation in its own hometown instead of contracting the work to an existing manufacturer. It might seem a perplexing and unnecessarily costly choice at first, but I spoke to Kepler CEO and co-founder Mina […]
techcrunch - 12 hours ago
NASA Administrator Jim Bridenstine is coming to TC Sessions: Space 2020 - techcrunch

NASA Administrator Jim Bridenstine is coming to TC Sessions: Space 2020

This year marks our first-ever TC Sessions: Space event, and what better way to kick things off than with the head of NASA: Administrator Jim Bridenstine will join us onstage on June 25 in LA. NASA has been more open than ever before to working with startups and entrepreneurs, and we’ll hear directly from the […]
techcrunch - 12 hours ago
Daily Crunch: Apple blames coronavirus for revenue miss - techcrunch

Daily Crunch: Apple blames coronavirus for revenue miss

Apple says the coronavirus outbreak will hurt its manufacturing and sales, Jeff Bezos makes a big commitment to fighting climate change and SpaceX launches more Starlink satellites. Here’s your Daily Crunch for February 18, 2020. 1. Apple will miss revenue forecast as coronavirus impacts its manufacturing and sales In a letter to investors, Apple said […]
techcrunch - 13 hours ago
Jaguar Land Rover debuts electric urban mobility concept vehicle with plans for 2021 pilot - techcrunch

Jaguar Land Rover debuts electric urban mobility concept vehicle with plans for 2021 pilot

Jaguar Land Rover has introduced a new concept vehicle that cuts a very different figure relative to its usual fare: It’s a four-wheeled electric urban mobility concept called ‘Project Vector’ that looks more like a low-floored airport shuttle train car than a traditional car. This is a look that’s increasingly become popular among automakers designing […]
techcrunch - 13 hours ago
InVideo raises $2.5M and launches an automated assistant to make your videos better - techcrunch

InVideo raises $2.5M and launches an automated assistant to make your videos better

Video editing startup InVideo has new funding and a new product. The San Francisco-headquartered company bills itself as the easiest way for anyone to create professional-quality videos, using a drag-and-drop interface, along with a library of templates and stock photos and videos. The resulting videos can then be optimized for Facebook, Instagram, YouTube and other […]
techcrunch - 13 hours ago
How Spotify ran the largest Google Dataflow job ever for Wrapped 2019 - techcrunch

How Spotify ran the largest Google Dataflow job ever for Wrapped 2019

In early December, Spotify launched its annual personalized Wrapped playlist with its users’ most-streamed sounds of 2019. That has become a bit of a tradition and isn’t necessarily anything new, but for 2019, it also gave users a look back at how they used Spotify over the last decade. Because this was quite a large […]
techcrunch - 13 hours ago
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techcrunch
Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund

Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund

techcrunch - 4 weeks ago

Blossom Capital, the early-stage VC firm co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown, is announcing a second fund, less than 12 months since fund one was closed.

The new fund, which is described as “heavily oversubscribed,” sits at $185 million. That’s up from $85 million first time around.

Blossom’s remit remains broadly the same: to be the lead investor in European tech startups at Series A, along with doing some seed deals, too. In particular, the VC will continue to focus on finance, design, marketplaces, travel, developer-focused tools, infrastructure and “API-first” companies.

Its differentiator is pitched as so-called “high conviction” investing, which sees it back fewer companies by writing larger cheques, along with claiming to have close ties to U.S. top tier investors ready to back portfolios at the next stage.

And whilst a “bridge to the valley” is a well worn claim by multiple European VCs, Blossom’s track record so far bares this is out somewhat, even if it nascent. Of the firm’s portfolio, travel booking platform Duffel has received two follow-on investment rounds led by Benchmark and Index Ventures; cybersecurity automation platform Tines received follow-on investment led by Accel Partners; and payments unicorn Checkout.com is also backed by Insight Partners.

In addition, I understand that about half of Blossom’s LPs are in the U.S., and that all of the firm’s original LPs invested in this second fund, which Brown concedes was a lot easier to raise than the first. That’s presumably down to the up round valuations Blossom is already able to tout.

Citing benchmark data from Cambridge Associates and Preqin, Blossom says it sits in the top 5% of funds of 2018/2019 vintage in the U.S. and EU. Although, less than a year old, I would stress that it is still very early days.

More broadly, Brown and Blossom’s other partners — Imran Gohry, Louise Samet and Mike Hudack — argue that the most successful European companies historically are those that were able to attract U.S. investors but that companies no longer need to relocate to the U.S. to seize the opportunity.

When we looked at the data it was very clear at the growth stage that, outside of Index and Accel, the most successful European outcomes were driven by the combination of European early-stage investors and top-tier U.S. growth investors, explained Blossom Capital partner, Imran Ghory, in a statement. From day one we prioritised building those relationships, both to share knowledge but also provide a bridge for European founders to access the best growth capital as they scale”.

sauce: techcrunch
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