Tenzo, a London startup and graduate of Techstars, has built what looks like an interesting and timely platform to help restaurants (and potentially any brick ‘n’ mortar retailer) get real-time data insights on how they and their staff are performing. Read More
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Saleswhale, a Singapore-based startup that uses artificial intelligence to let companies automate their sales emails, has raised a $1.2 million seed round. The capital was provided by VC firms Monk’s Hill Ventures, Gree Ventures and Wavemaker Partners with a number of angel investors. Those include early Dropbox hire Albert Ni, Pieter Walraven (who founded now Google-owned… Read More
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Okta came out of the gate strong today in its Wall Street debut, attracting the type of institutional investors CEO Todd McKinnon says should be around for the long haul. This IPO comes at a time when Wall Street appears ready to embrace enterprise technology companies. Read More
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The Wall Street Journal wrote a story that Spotify is “seriously considering” joining the stock market without an IPO. The news was also reported by Mergermarket. The idea would be to go public without the fundraising event; instead, employees and venture capitalists would sell their shares to investors directly. Read More
from TechCrunch
Okta, the identity management software company, went public on the Nasdaq today, continuing a wave of tech IPOs. After pricing its IPO at $17, Okta raised $187 million by selling 11 million shares in the offering. And the company was greeted with strong investor reception, closing up 38% at $23.51 on Friday. While it’s a good omen for its performance in the stock market, it also means… Read More
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It’s no secret that data is the hot new revenue source for automakers, who are seeing additional profit opportunities bloom as vehicles become more connected and they can retrieve a ton of useful data that’s incredibly valuable when deployed correctly. Israeli startup otonomo has been on top of that trend since its founding in 2015, with nine automakers worldwide using its platform… Read More
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Welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the financial side of technology. This week Katie Roof, Matthew Lynley and your servant sat down with Gene Munster, best known for his bullish takes on Apple as an analyst. Munster is now a venture capitalist at Loup Ventures, where he’s a managing partner. As a group we dug into Lyft’s… Read More
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A VC once told me that fear was the best sales tool ever invented. That was in reference to the hockey stick growth his cybersecurity startup was seeing, thanks to a raft of stories in the media regarding high profile cases of companies being hacked. But might the same be said of banks and the pending threat of fintech? Arguably, they have much to fear. Read More
from TechCrunch
Okta is setting an increasingly ambitious target for its IPO, now officially pricing it at $17 per share set for its debut tomorrow — and looking to raise as much as $187 million in the hopes that it can capitalize on the newly-open IPO window. There’s been a wave of companies going public in the past quarter alone, with Snap having a largely successful IPO and Yext filing to… Read More
from TechCrunch
After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. Elevate priced at $6.50 per share, closing the day up over 19% at $7.76, but this was still well below the expected range of $12 to $14. They decided to go through with the offering to take advantage of an open “IPO window,” with a strong… Read More
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