Uber to become the sole owner of grocery delivery startup Cornershop

Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29 …

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Venture studio Adanian Labs fuels startup growth in Africa

The venture studio targets to help build 300 next-generation startups over the next five years.

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Nautical Commerce sails away with new funding to bring marketplace tech to the masses

The company is boiling down the time it takes for businesses to create an e-commerce marketplace from two to three years to about 90 days.

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Hyundai completes deal for controlling interest in Boston Dynamics

Hyundai this morning announced that it has completed its acquisition of Boston Dynamics. The deal, which values the innovative robotics company at $1.1 billion, was announced in late-2020. The companies have not disclosed any future financial details. The South Korean automotive giant now owns a co…

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Transmit Security raises $543M Series A to kill off the password

The Boston-based passwordless security startup said it has a pre-money valuation of $2.2 billion.

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Extra Crunch roundup: SaaS founder salaries, break-even neobanks, Google Search tips

If you're a founder who's getting ready to knock on doors and ask strangers for money, read this first.

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Dell Technologies, UserTesting, Movile, Pilot and oVice to offer mini master classes at TC Early Stage 2021

Hey, you there — early-stage founders. Yes, you. TC Early Stage 2021: Marketing & Fundraising, our mini master class in entrepreneurship, is right around the proverbial corner. And by mini we mean it’s just two days — July 8-9. There’s nothing mini about the expert advice, information and actio…

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PairTree speeds adoption process with an online, self-matching platform and $2.25M seed

Making the choice to adopt, or to find an adopting family, is a legally complex, emotionally taxing, expensive and time-consuming process. PairTree aims to make one part at least considerably easier and faster with its online matching platform where expectant mothers and hopeful adopters can find e…

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WaitWhat raises $12M to double down on what comes after podcasts

As podcasting continues to gain ground among mainstream consumers as a digital media platform alongside music, video, and the printed word, a startup that made a name for itself through building content for the medium has closed a round of funding to help it explore what comes next. WaitWhat, co-fo…

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Spielberg’s Amblin inks multiyear feature film deal with Netflix

In something of an about-face, Amblin Partners, Steven Spielberg’s long-running film production company, will produce several films per year for Netflix. The deal reflects Netflix’s rising star and arguably acceptance by the legendary director of a new order to the cinematic world where…

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Maybe neobanks will break even after all

Neobanking has yet to show that it can generate positive, growing free cash flows over a multiyear period. But their results at least indicate that such incomes could occur in time.

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