Spotify and Ford make acquisitions – TechCrunch
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Welcome to the Daily Crunch on Friday June 18. Congratulations! You’ve reached the end of the week without Alexander, who will return with shining eyes on Monday.
TechCrunch has a day off for Juneteenth, so it will be a bit reduced. And by “a little purified”, I mean a lot purified.
For starters, how about listening to the latest episode of our award-winning podcast, Equity. Natasha and Danny managed to fill the half hour even without Alex, so take a look.
TechCrunch Top 3
Speaking of podcast, Spotify announced the acquisition of Podz, a podcast discovery application. With more and more podcasts appearing in various categories, it’s getting harder and harder to pick the ones you like, let alone find them. Spotify is hoping this will help solidify its platform by providing short clips that apparently give you enough information to subscribe or not, and continue to use the platform for podcast listening purposes.
Ford is enjoying its EV moment. The company has just announced its E-Transit cargo van and F-150 Lightning Pro. The automaker has added to its EV stable with the acquisition of Electriphi, commissioning of battery management and fleet monitoring software.
And speaking of fleets! Gopuff, an on-demand delivery service for goods, food and alcohol, acquired rideOS, a fleet management platform. The $ 115 million acquisition is expected to help the company with its New York expansion plans.
Startups and VC
Indian fintech start-up BharatPe at advanced stages of talks to raise around $ 250 million in new funding round led by Tiger Global. The Series E round gives the company a pre-currency valuation of $ 2.5 billion. The cycle is not over, so terms may change, sources warned.
More fleet action is underway! KeepTruckin, a hardware and software developer that helps truck fleets manage vehicle, cargo and driver safety, raised $ 190 million in a Series E cycle. The company, now valued at over $ 2 billion, hopes to invest the dough in its AI-based products (GPS tracking, ELD compliance, and shipping and workflow) and improve its smart dashcam, which it says instantly detects dangerous driving behaviors like cell phone distraction and close tracking and alerting drivers in real time.
Mediflash is a new French startup who wants to improve the temporary staff in health establishments, such as nursing homes, clinics and mental health facilities. The company acts as a marketplace that connects healthcare facilities to caregivers who it says can expect more revenue – up to 20% – while facilities end up paying less.
Big Tech Inc.
The London-based Center for Economic Policy Research has hosted a few roundtables to examine the need for market-oriented competition watchdogs and consumer-centric privacy regulators to step out of their way. Respective “legal silos” and find creative ways to work together to tackle the challenges of Big Tech’s market power. Read Natasha Lomas’ analysis of conversations, which brought together key regulators from Europe and the United States. She says the talks provided a glimpse of what the future form of digital market surveillance might look like at a time when fresh blood has just been released. injected to chair the FTC.
The main UK data protection regulator warned against reckless and inappropriate use of live facial recognition in public places. Information Commissioner Elizabeth Denham noted that a number of investigations already undertaken by her office into planned applications of the technology have revealed problems in all cases.
Revisiting the EC-1
Since it’s a day off for us here, now is the perfect time for you to catch up with the EC-1s we’ve released so far this year. Grab a few buckets of popcorn and your drink of choice and settle in for a weekend read.
Tonal is a unique entry to the high-end fitness market, using a proprietary blend of hardware, software and content to bring complete strength training at home in as small and efficient a package as possible. (Written by JP Mangalindan)
StockX sits at the crossroads of two radical transitions that are not only redefining markets, but also our culture. StockX’s online-only marketplace is used to buy and sell sneakers, streetwear, electronics, collectibles, handbags, and watches which are primarily adjacent to the sneaker and streetwear culture. Now valued at $ 2.8 billion, StockX has facilitated more than 10 million transactions. (Written by Rae witte)
Klaviyo helps marketers personalize and automate their email to customers. It might not be a household name to consumers (at least, not yet), but in many ways this startup has become the standard by which email marketers are judged today, triangulating against veterans Mailchimp and Constant Contact and riding the wave of e-commerce. to new heights. (Written by Chris Morrison)
Duolingo is a language learning app that is used by 500 million people around the world to learn Spanish, English, French and more, while generating bookings of $ 190 million in 2020. C It is a resounding success, but one that has been hard earned after years of effort of product experimentation and revenue to find its current niche in the edtech space. (Written by Natasha Mascarenhas)
If expense management is all about avoiding corporate looting, then letting hackers and pirates run the ship is probably the best approach. And now, Expensify is plundering the world of corporate spending, one travel ticket and one business meal at a time, just as the world is rebuilding itself in the wake of COVID-19. (Written by Anna heim)
The Brazilian banking system is a huge market and underserved by incumbents. If anyone could thread the needle of product development, strategy and political haggling necessary to build a bank in a country where it is nearly impossible for foreigners to own or invest in a bank, this would be the one of the great economic and start-up successes of this century. Nubank is on track to achieve this goal. (Written by Marcella McCarthy)
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