TechCrunch Startup News

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MainStreet’s valuation could fall 60% to $200 million amid investor recapitalization pursuit May 25, 2022

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Weeks after laying off about 30% of its staff, MainStreet is said to be raising another round of funding at a $200 million valuation, sources tell TechCrunch.

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Klarna lays off 10% of its workforce May 24, 2022

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Swedish payment giant Klarna is going to cut hundreds of jobs in the coming days. Today’s news comes a few days after the Wall Street Journal reported that the company was going to cut its valuation in order to raise fresh capital.

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Carbon capture is headed for the high seas May 23, 2022

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Unless you live near a port, you probably don’t think much of the tens of thousands of container ships tearing through the seas, hauling some 1.8 billion metric tons of stuff each year.

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FloorFound grabs more capital to grow its oversized recommerce business May 23, 2022

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What makes FloorFound stand out from its competitors is its approach to putting retailers, which often struggle with how to effectively do returns, at the center of recommerce.

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Dig emerges from stealth to help organizations secure their data in public clouds May 20, 2022

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Dig, a Tel Aviv-based cloud data security startup, has emerged from stealth with an $11 million investment to help organizations protect data stored in public cloud environments.

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ChargeLab’s software layer to power ABB’s EV chargers in North America May 20, 2022

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ChargeLab, a Toronto-based startup that builds software to operate and optimize electric vehicle charging equipment for fleets and commercial customers, has raised a $15 million Series A round.

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Joby Aviation acquires Avionyx to accelerate aerospace software certification May 19, 2022

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Joby Aviation, a California-based company developing electric vertical takeoff and landing vehicles (eVTOL) for commercial passenger service, announced the acquisition of Avionyx, an aerospace software engineering firm, on the TechCrunch Sessions: Mobility stage on Wednesday.

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Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B May 19, 2022

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Singapore-based venture firm Jungle Ventures is digging deeper into Southeast Asia and India with the close of its fourth fund.

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Palette sells a sales commission tool for modern sales teams May 18, 2022

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Meet Palette, a software-as-a-service startup that is going to be particularly interesting if you’re also running a software-as-a-service startup.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M May 18, 2022

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The pandemic has majorly affected the global supply chain, with 60% of U.S. adults in an August 2021 Gallup survey saying that they’ve been unable to get a product they wanted in the past two months because of shortages.

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