November 12, 2019

Juul to cut 650 jobs

E-cigarette unicorn JUUL is reportedly cutting 650 jobs, roughly a sixth of its workforce. The layoffs follow a string of negative developments for the San Francisco company, including a rise in vaping-related illnesses, the specter of tougher regulation, and growing concern over youth e-cigarette use.

LawnStarter rakes up $10.5M

LawnStarter, an on-demand lawn care and maintenance service, just raised $10.5 million in a growth round led by Edison Partners. The Austin-based company, which says it is profitable, operates an app and online platform that matches customers and lawn care providers.

WeWork lays out turnaround plan

WeWork’s turnaround plan revolves around a back-to-basics strategy that includes divesting non-core businesses it acquired or backed in recent quarters. Broadly, the blueprint has four key planks: cutting extraneous operations, layoffs, boosting its real estate footprint, and improving management.

Angular Ventures closes $41M fund

Seed and early stage investor Angular Ventures just closed a debut $41 million fund to invest in deep tech and enterprise companies. The firm, which is based in London, Tel Aviv, and New York, plans to cut checks between $250,000 and $1.5 million.

Chicago’s Starting Line raises $17M for first fund

Chicago-based Starting Line announced that it closed $17 million in capital commitments for its inaugural fund, which will invest in seed and early-stage B2C startups. The firm is led by Ezra Galston, a former professional poker player and founder turned venture capitalist.

China’s 36Kr stutters in early trading

Shares of 36Kr, a China-based publishing and data company focused on the startup and tech economy, fell in first-day trading. Previously, the company had cut the size of its offering and shares at the bottom of the proposed range.

$30 Million Pitch Deck: 3 Lessons Crunchbase Learned

We recently closed our Series C funding round for $30 million, and while it’s a very exciting time for us, we recognize that many of our users are in similar stages at their own companies. In the spirit of our mission to help innovators find new opportunities, we wanted to share a version of our own Series C pitch deck, and three lessons we learned through this process.

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Crunchbase Pro: Searches and Lists

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Recent Investments

Policybazaar

$150M / Series G

Policybazaar is an insurance aggregator website that compares financial services from major insurance companies.

Categories:

Auto Insurance • Commercial Insurance • Finance • Health Insurance • Internet • Life Insurance

Founders:

Alok Bansal, Yashish Dahiya

Investors:

Tencent Holdings (Lead)

Workato

$70M / Series C

Workato is an integration platform designed to automate businesses.

Categories:

Apps • Cloud Computing • Data Integration • Marketing Automation • Sales Automation • Software

Founders:

Dimitris Kogias, Gautham Viswanathan, Harish Shetty, Vijay Tella

Investors:

Redpoint (Lead), Battery Ventures, Geodesic Capital + 2 more

Stradigi AI

$53M / Venture Round

Stradigi AI is an AI-powered solutions provider and research lab.

Categories:

Artificial Intelligence • Information Technology • Machine Learning • Software Engineering

Founders:

Basil Bouraropoulos, Curtis Gavura

Investors:

William Adams (Lead)

More Fundings

Company Amount / Round Lead Investor
TruKKer $23M / Series A -
Banza $20M / Series B Enlightened Hospitality Investments
pureLiFi $18M / Series C Scottish Investment Bank
ISEE $15M / Series A Founders Fund
GuRu $15M / Series A -
Acatus 5.5M EUR / Series A DIP Capital
All Recent Funding Activity

Recent Acquisitions

Frontier Car Group

Pending acquisition by OLX Group for $400M

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Company Acquired By Amount
Aleron Ernst & Young Unknown
All Recent Acquisition Activity

Upcoming Tech Events

Le Creative Lab: A French VentureOut Pitch Night

November 13 - 13, 2019 in New York

A capstone event for a one-week US market expansion program for French startups in the culture, entertainment, creative & leisure industries

More Events

Start Date Event Location
Nov 19, 2019 FINTECHMATTERS Vienna
Nov 21, 2019 Slush Helsinki 2019 Helsinki
Nov 21, 2019 OpenTechSummit China Shenzhen
Jan 30, 2020 AI Assistant Summit, San Francisco 2020 San Francisco
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