World Of News

Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. The company designs and sells electric bikes that are quite popular in some markets. It now wants to become the world’s leading e-bike brand by iterating at a faster pace. Asia-based private equity firm Hillhouse Investment is leading the round, with Gillian Tans , the former CEO of Booking.com, also participating. Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. Today’s Series C represents a big jump compared to the company’s Series B. Last year, VanMoof raised a $40 million Series B. Overall, if you add it all up, the startup has raised $182 million in total. If you’re not familiar with VanMoof’s e-bikes, TechCrunch reviewed both the most recent S3 and X3 models. On paper, they are identical. The VanMoof X3 features a smaller frame and smaller wheels. VanMoof X3 e-bike review: Transportati

After a 17-hour marathon through nearly 200 startup pitches, the Equity team was fired up to get back on Twitter and chat through some early trends and favorites from the first day of Y Combinator’s demo party. We’ll be back on the air tomorrow, so make sure you’re following the show on Twitter so you don’t miss out. What did Natasha and Alex  chat about? The following: First Impressions: We started by going through top-line numbers, geographic breakdown, and how the accelerator is doing when it comes to the representation of diverse founders. The last bit had a tiny bit of progress, but diversity continues to be an issue in YC’s batches – even as cohort size grows. We also chatted about what startups pitching can work on: like better mics, which are cheap and good. Our early favorites: Metaphor, Lumify, Alex’s favorite duo Indian real estate plays, Akudo, Reframe, and Playhouse. And some  hmmm moments, including our thoughts on Writesonic, which Natasha has a potentially para

In the customer service industry, your accent dictates many aspects of your job. It shouldn’t be the case that there’s a “better” or “worse” accent, but in today’s global economy (though who knows about tomorrow’s) it’s valuable to sound American or British. While many undergo accent neutralization training, Sanas is a startup with another approach (and a $5.5M seed round): using speech recognition and synthesis to change the speaker’s accent in near real time. The company has trained a machine learning algorithm to quickly and locally (that is, without using the cloud) recognize a person’s speech on one end and, on the other, output the same words with an accent chosen from a list or automatically detected from the other person’s speech. Image Credits: Sanas.ai It slots right into the OS’s sound stack so it works out of the box with pretty much any audio or video calling tool. Right now the company is operating a pilot program with thousands of people in locations from the USA

Y Combinator kicked off its fourth-ever virtual Demo Day today, revealing the first-half of its nearly 400 company batch. The presentation, YC’s biggest yet, offers a snapshot into where innovation is heading, from not-so-simple seaweed to a Clearco for creators. The TechCrunch team stuck to its tradition of covering every single company live (but, you know, from home,) so you’ll find all of the Day 1 companies here . For those who want a sampling of standouts, however, we’re also bringing you a host of our favorites from today’s 1-minute pitch off extravaganza. As reporters, we’re constantly inundated with hundreds of pitches on a daily basis. The startups below caught our picky attention for a whole host of reasons, but that doesn’t mean other startups weren’t compelling or potential unicorns as well. Instead, consider below as a data point on which startups made us do a double take, be it due to the size of the market opportunity, the ambition exhibited by the founding team, or an

On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. Olsam , a roll-up play that is buying up both consumer and B2B merchants selling on Amazon by way of Amazon’s FBA fulfillment program , has closed $165 million — a combination of equity and debt that it will be using to fuel its M&A strategy, as well as continue building out its tech platform and to hire more talent. Apeiron Investment Group — an investment firm started by German entrepreneur Christian Angermayer — led the Series A equity round, with Elevat3 Capital (another Angermayer firm that has a strategic partnership with Founders Fund and Peter Thiel) also participating. North Wall Capital was behind the debt portion of the deal. We have asked and Olsam is only disclosing the full amount raised, not the amount that was rais

Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or stocks, for instance. In recent years, a handful of startups have made it easier for users — especially the millennials — to invest , but the figure has largely remained stagnant. Now, an Indian startup believes that it has found the solution to tackle this challenge — and is already seeing good early traction. Nishchay AG , former director of mobility startup Bounce, and Misbah Ashraf , co-founder of MarsPlay (sold to Foxy), founded Jar earlier this year. The startup’s eponymous six-month-old Android app enables users to start their savings journey for as little as 1 Indian rupee. Users on Jar can invest in multiple ways and get started within seconds. The app works with Paytm (PhonePe support is in the works) to set up a recurring payment. (The startup is the first to use UPI 2.0’

Today Y Combinator kicked off the Demo Day cycle for its Summer 2021 cohort. The collection of early-stage startups on day one-of-two alone numbered in the hundreds, meaning that we had to assemble a team here at TechCrunch just to cover it all. But before we get into notes on each company that presented, a few notes on the cohort itself. Per Y Combinator leadership, the 377 (!) startups in this cohort have founders from 47 different countries, and 37% of the founders in this cohort were from underrepresented groups (which YC’s Michael Seibel says the accelerator defines as Black, Latinx or female.) The international breakdown of the batch parallels that of this past winter. Nearly 50% of YC startups are based outside of the United States, with India, U.K. and Mexico making up the largest part of that percentage. What follows is a list of the 180+ companies in the order that they pitched, and our notes on each pitch. TechCrunch will follow up this post with a list of our favorites.