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Hello and welcome to Daily Crunch for July 9, 2021. We’ve made it to Friday, y’all, be proud. But we will’t loosen up simply but — there’s quite a bit to get by means of immediately. From deceitful auto firms now posing as tech firms to the present enterprise capital frenzy, we’ve got all of it. Let’s go! — Alex

The TechCrunch Top 3

  • Startups have by no means had it so good: That’s our learn of the Q2 2021 enterprise capital market. Records had been smashed all over the world, a file variety of unicorns had been born and valuations ticked up. If you’re a founder contemplating elevating capital, now might be a great time to take action.
  • Biden takes on megacorps: We jokingly name the public-company part of this article Big Tech as a result of, properly, probably the most well-known expertise firms are freakin’ huge. And that has a variety of people fearful that some corporations have grow to be so massive that they need to be damaged as much as engender extra competitors. Tech firms disagree, naturally. Regardless, the noise from the U.S. authorities relating to goliath firms is beginning to lead to motion.
  • What’s forward for European startups? We normally reserve these three slots for the most important information of the day, however I wished to share an essay written by a German enterprise capitalist about his nation. The investor is bullish, however has two concepts relating to the place the nation may do higher: worker inventory choices and rules relating to spinoffs. It’s value studying if you wish to think about why some nations wind up with extra lively startup communities than others.


First, key startup information:

  • Korean grocery startup Kurly raises $200M: The on-line grocer is now value greater than $2 billion. Even extra, its plans for an IPO within the United States are kaput. Instead, the corporate will look to listing domestically sooner or later. Chop from the Didi mess or one thing else? Whatever the case, the corporate is one to control.
  • Today’s Tiger spherical? Brazilian HR startup Flash: The firm simply put collectively a $22 million Series B that the hyper-caffeinated enterprise capital group led. The São Paulo-based startup gives a brand new technique to supply advantages within the nation.
  • $500M extra for Ola: The ride-hailing market’s insatiable urge for food for capital was fed one other half-billion immediately with information that India’s Ola has raised new funds from “Temasek and an affiliate of Warburg Pincus,” per TechCrunch. Maybe the Didi fiasco is being seen by buyers as a one-off, at the least relating to the world of on-demand rides.

Second, from the enterprise capital aspect of the market:

  • TechCrunch’s Ron Miller wrote a profile of The Artemis Fund, which is value studying. The investing group, which was based by girls and infrequently invests in girls, has “ invested in 11 companies with plans to invest in 4-5 more [before raising its] the next fund.”
  • DN Capital has raised a $350 million fund after a number of of the startups that it backed went public. The agency invests largely in Europe versus the U.Okay., a market the place its companions say extra U.S.-based enterprise capitalists present up.
  • Three enterprise capitalists banded collectively to put in writing up some suggestions for robotics-focused startups. So, if you’re constructing {hardware} that strikes, that is for you.

3 analysts weigh in: What are Andy Jassy’s high priorities as Amazon’s new CEO?

Now that he’s stepping away from AWS and taking up for Jeff Bezos, what are the most important challenges going through incoming Amazon CEO Andy Jassy?

Enterprise reporter Ron Miller reached out to 3 analysts to get their take:

  • Robin Ody, Canalys
  • Sucharita Kodali, Forrester
  • Ed Anderson, Gartner

Amazon is listed second within the Fortune 500, however it’s not all sunshine and roses — sustaining development, unionization, and the potential for antitrust regulation at residence and overseas are only a few of his tasks.

“I think the biggest to-do is to just continue that momentum that the company has had for the last several years.,” stated Kodali. “He has to make sure that they don’t lose that. If he does that, I mean, he will win.”

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can enroll right here.)

Big Tech Inc.

Wrapping up the newsy portion of immediately’s missive, two closing entries. First, a dig into why the EU simply fined quite a few automakers. Rebecca experiences:

As environmental points actually got here of age within the Nineteen Nineties, sure German automakers had been assembly in secret teams to verify their automobiles would proceed to industriously contribute to greenhouse gasoline emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz father or mother firm Daimler have been illegally colluding to limit competitors in emission cleansing for brand spanking new diesel passenger automobiles, primarily slowing the deployment of cleaner emissions tech.

Yes, you may be very mad about that.

Finally, from the world of Facebook, excellent news for all you WhatsApp customers on the market. You will have the ability to choose an choice to ship higher-quality photographs and movies, getting round what TechCrunch referred to as the service’s “iffy image compression.” See, not all information is unhealthy information!

TechCrunch Experts: Growth Marketing

Illustration montage based on education and knowledge in blue

Image Credits: SEAN GLADWELL (opens in a brand new window) / Getty Images

We’re reaching out to startup founders to inform us who they flip to when they need probably the most up-to-date development advertising practices. Fill out the survey right here.

Read one of many suggestions we’ve obtained beneath!

Name of marketer: Nikita Vorobyev

Name of recommender: Ruby Club

Recommendation: “Nikita and his company, Buildrbrand, have worked tirelessly to bring my idea to life and did everything in his power to get it to the level it is today. He and his team created a world-class conditional quiz visual experience that I think would be really cool for him to share with the industry. He doesn’t know I nominated him, but I definitely wanted to give back to him in any way I can since I believe his agency creates some of the best brands going viral online right now.”