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Hello and welcome to the Daily Crunch on September 14, 2021. It was Apple’s day on the Internet, so we all spent the afternoon wondering if we needed a new smartphone. The answer? Probably not, but that won’t stop a good chunk of techCrunch crews from luring fresh Yahoo into Cupertino’s market cap. We like this stuff.
On the TechCrunch front, the disruption is within a week’s time. Your humble servant is going shopping this afternoon so it looks a little less scattered. Jordan, of course, will look bright on the distraction desk. See you there! – Alex
TechCrunch Top 3
- Apple reduces grip on new hardware: Any time Apple hosts an event, it’s like closing time in the world of technology. It’s up to you if it should still be, but that’s a fact. If you want to go to the meta, here we have iPhone news, Apple Watch news, iPad updates and general roundups. Enjoy!
- Boom in Atlanta: TechCrunch continued its tour of US cities today after beating Chicago and Boston in recent weeks. This time, we dug into Atlanta’s booming startup scene, which is seeing record capital inflows. We talked to some of the founders and investors to get the latest. Don’t forget that Atlanta has just produced Decorn Exit.
- And speaking of decorns, Canvas raised $ 200 million on just 40 billion. In percentage terms, the Australian design software company managed to raise two bills for 0.5% of its equity value. Stealing at double the price. Why is canvas worth it? Large scale, publishes our notes regarding its revenue growth.
Startups / VC
Before we dive into our usual stream of startup news, TechCrunch has dug into the value of numerous BNPL startups around the world through the lens of some recent acquisitions. I wrote it. Read it if it’s your jam.
- In light of the Apple Fitness news of the day, that’s important The live classes just announced by Tonle are coming into its service. Tonal competes against Peloton and other players in the hardware and software market. Significantly it is Startups The world is in this case fusing more hardware and software than Apple, which is largely integrating services into its existing products. Regardless, there is good news for tonal users for you.
- 1047 Games $ 100M Closes: If you’re hot, Brian Heater writes, you’re hot. And with its hit title Splitgate 1047 games is more than hot. So strong that it only closed in the third round from May. What is Splitgate? An FPS that includes a portal. (Which honestly sounds awesome.)
- Opens to grammar developers: Grammar is known as a product that people use to tighten their writing. But what if you want to incorporate grammar techniques into your own product? Well, now you can. The company has just announced a developer product. The finance bed in me is amazed at how profitable the new business line will prove to be, and if it will help the company enter the S-1 already.
- Everfter raises 13 million, showing that HRTech is still hot: According to our own reporting, Everfter has created a “no-code customer-facing tool that streamlines onboarding and retention.” It’s a bit like Sora, a startup that TechCrunch has written about. There are several round signals centered in one place!
- Today’s Tiger Round Indonesian Fintech Zandit is: Xendit is now credited with a $ 150 million check led by Tiger. At the moment, we believe that whenever Tiger’s managing partner goes to dinner they give a tip of 150 million. That’s the only number they know! Regardless, Jakarta-based Fintech has large expansion plans with Payment Focus that are now well funded.
Is it so bad to take money from Chinese venture funds?
When it comes to working with Chinese investors, do fundraisers have a low profile?
Dennis Kalini, Asia Business Development Manager for Runa Capital, studied data from ITJuzy, a database of Chinese venture capitalists, and found:
ફ Chinese funds invested about 250 250 billion in 2020 (three times the crunch-base figure). The figure puts Chinese VC investments only 30% lower than US funds, but three times higher than UK funds and 12.5 times higher than German funds.
Kalinin writes that epidemics, geopolitical tensions, and other factors led many Chinese venture funds to reduce international investment, but largely because “during the Covid, China’s economy improved much faster than other countries.”
His analysis covers several angles: Chinese investments in Europe are being attracted to Asia and the United States, China’s top cross-border investors are CVCs and investors are particularly interested in fintech, deep tech and digital health at the moment.
“Chinese investors can bring value to foreign startups, but you need to study their skills and how they can be useful to you.”
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can sign up here.)
Big Tech Inc.
We cover Big Tech News, U.S. Before entering into the fragility of the update from the government: “Biden’s new FTC nominee is a digital privacy advocate who criticizes Big Tech.” It turned out. That’s important.
- LinkedIn promises 25 million to creators: If your LinkedIn feed lacks pizzas, Microsoft’s subsidiary plans to increase the flow of your content. Further, well, a $ 25 million “Creator Acceleration Program” has been established to encourage creation. LinkedIn is also coming live.
- 51 more Starlink satellites flew: If you are we include this news item in the Daily Crunch today Also The villagers are thinking of moving to Montana but need to stay on the job.
- Spaceflight appears flying over the moon: Elon’s space company is not the only player to pull humans out of plants. The space flight “will shuttle customers on a lunar flyby mission next year”, which is more than neat. How much for a ticket?
TechCrunch Specialists: Growth Marketing
We are reaching out to startup founders to let us know who they turn to when they want the most advanced growth marketing practices. Fill out the survey here.
Read one of the testimonials below!
Marketer: Andrew Race, Juice
Recommended by: Orin Singh, Commercial Industry
Testimonial: “Juice was mentioned to us by a family friend of the owner of our company, and as a personal courtesy, they said they were giving us their best person. Naturally, we thought everyone was saying that, but they weren’t kidding. Andrew was a lone leagueman than our previous marketing company. It was a turning point for us to have such a knowledgeable and willing person to learn a new industry.
From the planned Twitter space to the chat with the equity crew, the TechCrunch team is constantly on Twitter. Tomorrow, Wednesday, September 15 at 2pm PDT / 5 PM EDT, the interrupted Battlefield Judge will speak on Twitter Space. On Thursday, September 16, at 3pm PDT / 6pm EDT, Danny Crichton will join Martin Ford, author of “The Role of the Robots: How Artificial Intelligence Will Transform Everything”. Make sure you follow it TechCrunch Twitter account to stay up to date with our news and events.