Month: August 2019

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Smartphone sales declined again in Q2, surprising no one After years of growth, the smartphone market’s recent slide has continued in
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Tesorio, a startup that helps businesses aggregate and analyze their cash flow data, today announced that it has raised a $10 million Series A round led by Seattle’s Madrona Venture Group. Existing investors First Round Capital, Floodgate, Y Combinator, Fathom Capital and Fuel Capital participated. This brings Tesorio’s total funding to $17 million. Madrona’s Hope
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Raisin, the well-capitalised fintech startup that offers a pan-European marketplace for savings and investment products, has acquired Fairr, a German startup disrupting the pensions industry. Terms remain undisclosed, although I understand the price was in the “double-digit Euro millions” range. The majority of the deal was cash, although some Fairr investors exited with a mixture
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Festicket, the U.K.-headquartered festival booking platform, has acquired U.K.-based ticketing and cashless point-of-sale (POS) platform Event Genius. The sale also includes Event Genius’s consumer facing brand, Ticket Arena, while further terms of the deal aren’t being disclosed. Founded by Reshad Hossenally, Event Genius offers a complete event solution for event organisers, spanning things like online
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Facebook has succeeded in blocking a pioneering order by Germany’s Federal Cartel Office earlier this year that would have banned it from combining data on users across its own suite of social platforms — Facebook, Instagram and WhatsApp — without their consent. Pioneering because the antitrust regulator had liaised with EU privacy authorities during a
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Presight Capital, the international venture arm of Apeiron Investment Group, is announcing that it’s closed its first fund of $80 million. Apeiron is the family office of German entrepreneur Christian Angermayer (pictured above), who previously co-founded pharmaceutical company Ribopharma — which is now the publicly-traded company Alnylam. Angermayer told me he sees his investments as
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Megvii Technology, the Beijing-based artificial intelligence startup known in particular for its facial recognition brand Face++, has filed for a public listing on the Hong Kong stock exchange. Its prospectus did not disclose share pricing or when the IPO will take place, but Reuters reports that the company plans to raise between $500 million and
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