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When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1…
India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on…
OpenAI may have billions of dollars in the bank. But it’s gearing up to raise billions more, according to a report from The Wall Street Journal. Per The WSJ, OpenAI is in talks to secure up to $40 billion in a funding round that would value the startup at $340 billion. SoftBank would lead the…
Microsoft announced Thursday that it’s buying over 7 million tons of carbon credits from Chestnut Carbon. The 25-year deal would enable Chestnut Carbon to reforest 60,000 acres of land across Arkansas, Louisiana, and Texas, Axios reported. Recently, the tech company has struggled to rein in its carbon emissions as AI has driven a surge in…
French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2023. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that…
Only 3 days remain to score the ultimate deal for TechCrunch Disrupt 2025 — two of the same ticket types for the price of one! Don’t wait to take advantage of these massive savings. This limited-time offer ends this Friday, January 31 at 11:59 p.m. PT — after that, these 2-for-1 Passes will be gone….
Martin Fengler knows a lot about the weather. Fengler got his Ph.D. in mathematics, focused on numerical weather prediction, before working for Meteomedia AG, a network of weather stations in Switzerland and Germany. But while he knew a lot about weather forecasting from the prediction side, he realized the gaps that remained on the consumption…
If you’ve ever tried to book a venue for a company event, you’ll know how onerous a task it can be. You have to contact multiple vendors, wait for quotes, evaluate them, see if you can get a good deal, and then get all that approved. So it makes sense that depending on the size…
Welcome to TechCrunch Fintech! This week we’re looking at the story behind the sale of Divvy Homes, Ramp’s new product, some notable fundraising deals, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Image Credits:Divvy…
LinkedIn founder Reid Hoffman and Siddhartha Mukherjee, cancer researcher and author of the book “The Emperor of All Maladies,” have co-founded an AI-powered drug discovery startup, Manas AI. The company, which will initially focus on breast cancer, prostate cancer, and lymphoma, has raised $24.6 million in seed funding from Hoffman, General Catalyst, and Greylock. Manas…