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Hello and welcome to Daily Crunch for January 14, 2022! I think it’s been a week of Wordle, with everyone and their dog tweeting their scores and results. A little camaraderie for those of you who are not good at sports: I am also a trash can. And since I still get paid to write, I call “Good at World” “Good at Words!” I refuse to connect. – Alex
PS Speaking of words, The equity team had a great time this week, If you want a chatty dive through recent startup events.
TechCrunch Top 3
- Bolt raises 355M as the online checkout war continues: Bolt (no This bolt) Has raised a huge new round of capital that pushes its value to $ 11 billion. Bolt provides online checkout solutions for other companies. It competes, in various ways, fast and Checkout.com, which recently raised 1 billion worth of $ 40 billion. You could argue that there is a division between players in terms of where they live in the world of online payments and checkouts, but the overlap seems to be growing content among competitors. (About a year ago We called the online Czech market a war; The war continues.)
- Major technical companies introduced by Congress: Investigations into the January 6 uprising continue in the United States, with major tech companies searching for answers. YouTube (Alphabet), Facebook and Instagram (Meta), Reddit and Twitter appear on the line of fire.
- Not all of those glitches are legitimate trading volume: As the market for non-fungible tokens – digital signatures in blockchain that often indicate assets stored on the traditional web, such as images – is hot, we are tracking the various exchanges where trades take place. What we’ve just learned is that not all trading volumes are what they used to be.
Startup / VC
- Daasity raises 15M to help companies take advantage of e-comm data: Daasity is a startup that helps customers gather information from a variety of e-commerce platforms (Amazon, Shopify, etc.), “analyze it and push it across marketing channels to optimize customer experiences based on insights from historical performance,” writes TechCrunch. . The company’s new funding round was a series A, led by VMG Catalyst.
- Commercial EVs for Indian market: Amazon is working with several companies on EVs for its global delivery network, including EVage. The Indian company recently raised 28 million for an electric truck-van-box that I have to accept rather than bring – if you are a person who enjoys brutal architecture.
- Cannabis labor market startups are on the rise: TechCrunch notes in this story that there are labor platforms being built to help hire specialized industries. For example, there are few in the healthcare market. And now the cannabis industry, too, thanks to Vangst, which recently raised बी 19 million in Series B.
In Brazil, Fintech and insurtech innovation set to take off at regulatory tailwind
Regulation is condemned in most parts of the developing world as an obstacle to innovation.
But in Brazil, the central bank is being hailed by investors and fintech founders as a tailwind for bringing banking to the masses.
“The open banking initiatives adopted by Brazil’s central bank are fully tailwinds for fintech innovation,” Amy Chitham of Costanoa Ventures told TechCrunch.
In an in-depth market analysis, Anna Hem explores Brazil’s open banking initiatives and how Insuretech is ready to take advantage of the growth of Brazil’s fintech.
(TechCrunch + is our membership program, which helps founders and startup teams move forward. You can sign up here.)
Big Tech Inc.
Today we have a hold on transit-themed big tech news, then, what else, European legal news involving a major US tech company!
- Self-driving taxis work to merge into fast lanes in China: Our own Rita Liao wrote for a deeper sink in China’s self-driving taxi market and worked for everyone. As she writes, it seems that every week comes the news that “another major player has received the green light to launch a new pilot program or small scale service in the country. What do personal news events add? Find out!”
- And talking about self-driving cars: Waymo and JB Hunt, a trucking company, are turning their pilots into a long-term program. The lack of truck drivers in the US means that trucks that can go without help can be a big thing in the nation.
- Here’s a car review that no one at TechCrunch can afford: Let me be clear, I want Bentley Continental GT speed. I would also settle for the standard Bentley Continental. The fact that our entrepreneurial transport editor, Kirsten Korosek, got tested is enviable. On the factual front, if you have more than a quarter-million dollars and need 12 cylinders, this is probably the car for you.
- Meta faces a class-action issue in the UK.: A class-action lawsuit filed in the UK’s Competition Appeals Tribunal in London seeks to dock the US social network giant $ 3.1 billion for its abuse of in-market power in the UK to see if it goes anywhere.
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