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More startups shut down in 2024 than the year prior, according to multiple sources, and that’s not really a surprise considering the insane number of companies that were funded in the crazy days of 2020 and 2021. It appears we’re not nearly done, and 2025 could be another brutal year of startups shutting down. TechCrunch…
Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2 billion in assets under management. He’s also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his friends haven’t been so lucky. Wallace…
OpenAI CEO Sam Altman is doubling down on Retro Biosciences, a biotech startup based in San Francisco that wants humans to live 10 years longer than what it calls a healthy human lifespan. Altman previously provided Retro Biosciences’ entire seed round of $180 million. Now, the startup is raising a $1 billion Series A that…
We’re kicking things off earlier than ever! TechCrunch Disrupt 2025 tickets are officially on sale. Don’t miss your chance to snag them at the lowest rates of the year! Immerse yourself in the epicenter of tech innovation at Disrupt 2025! From October 27 to 29, Moscone West in San Francisco transforms into the global hub…
French startup Karmen has secured a small funding round so that it can improve its instant financing products. The company offers short-term loans to small companies facing a working capital crunch. It’s a €9 million equity-and-debt round ($9.4 million at today’s exchange rates) with Seventure Partners buying a stake in the small startup. Financière Arbevel…
At a recent investor meeting, early-stage African investor Oui Capital informed limited partners that it had returned its $4 million debut fund following the sale of some shares in the business banking platform Moniepoint. The African fintech unicorn has so far proven to be a standout investment for five-year-old Oui Capital. When it launched its…
With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home. CNBC first reported on Perplexity’s interest. A source with knowledge of the offer confirmed to TechCrunch that Perplexity (whose CEO Aravind Srinivas is pictured above) has submitted a bid to…
Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the…
Distracted driving is one of the leading causes of car accidents and a major reason why auto insurance premiums are expected to increase in 2025. For commercial fleets, that’s a nightmare. But for California-based startup Netradyne, it’s a tailwind. Netradyne provides fleet owners, including big names like Amazon, with AI-enabled dashcams that collect vehicle data…
Read.cv, a social media platform for professionals that competed with LinkedIn, has been acquired by AI-powered search engine Perplexity. As part of the deal, Read.cv will begin to wind down operations Friday. Users will be able to export their data, including their profiles, posts, and messages, until May 16. “We’ve long admired Perplexity and believe…