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“# 10% of early-stage startups working on blockchain: GSER 2021 ” With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups worldwide. The figure is part of…
“#Former Army Ranger’s app will deliver alcohol to your door” A U.S. Army Ranger who gave up his military dream after he was caught driving drunk, wants to help keep the party going — without anyone having to get behind the wheel. Cardia Summers, 29, is founder and CEO of Cheers, a New York-based startup…
“#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M” Federal authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup’s revenue and other key financial metrics. Manish Lachwani was accused of lying to HeadSpin investors from 2018 to…
“#Crypto startup lets you bet on Britney Spears, President Biden — and anything else” How about $100 on Britney to win? Gamblers can add news events to their wagering options thanks to a Soho start-up that lets users bet on outcomes such as whether Britney Spears can free herself from her father’s control. Polymarket offers…
“# Crypto analytics firm Messari concludes $21M Series A led by Point72 Ventures ” Cryptocurrency market intelligence provider Messari has concluded a $21 million fundraise that was supported by some of the biggest venture firms in blockchain, once again highlighting growing investor appetite for budding crypto startups. The new funding will aid Messari in expanding…
“#Archer Aviation says its enterprise value has been cut by $1B” Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition…
“#Kevin Hart invests in car-leasing platform Rodo” Actor and comedian Kevin Hart has taken a stake in New York City-based car-leasing platform Rodo as the startup announced Tuesday that it’s closed $18 million in a series B funding round. Rodo’s an online car-leasing and buying platform where customers can order cars without going to the…
“#Larry Page’s Wisk Aero takes hit in legal fight with Archer Aviation” A federal judge in San Francisco has rejected air taxi startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation, the latest development in a bizarre legal dogfight between the two deep-pocketed startups. Wisk Aero, backed by Boeing and Google co-founder Larry…
“# Crypto tax startup TaxBit reportedly in talks for unicorn-level funding ” The United States-based cryptocurrency tax software developer TaxBit is reportedly looking for new funding at a valuation of $1 billion or more, which would make it a unicorn startup. According to Bloomberg, people with knowledge of the matter said TaxBit is in talks…
“# CoinFund debuts $83M crypto startup fund ” CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups. The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other…