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Toptal sues rival Andela for allegedly making ‘a perfect clone’ of its freelancer marketplace – TechCrunch

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Hello and welcome to Daily Crunch for June 11, 2021. As a little note, I’m leaving next week, so my dear friend and TechCrunch lifer Henri pickavet will take over. He’s more fun and a better writer than I am, so consider him a temporary upgrade. See you in about a week! – Alexis

ps Cheap Tickets for TC Early Stage 2021: Marketing and Fundraising are almost gone. Signaling in case you need a ticket and also like saving money.

The Top 3 TechCrunch

  • Tech companies try to understand post-pandemic work: Small tech CEOs look to big tech companies for signals on what to do. Google, for example, is a famous cultural indicator for other tech companies. But when it comes to post-pandemic work all Tech firm – big and small – is scrambling to come up with a plan that will keep control-oriented managers happy and staff from shutting down en masse. TechCrunch has the insight you need into what the majors are up to.
  • Didi goes public! If you thought the Uber and Lyft IPOs were fun, oh my god, that’s good news for you. TechCrunch has notes on the Venture Capital Winners List and more on the economics of business for your reading pleasure.
  • The tech job market is brutal: So brutal, in fact, two companies that help their clients find freelance tech talent remotely are now in a legal battle. Toptal is suing Andela for “theft of trade secrets in search of a perfect clone of his company,” reports TechCrunch.

Startups and VC

  • Vertical SaaS is still hot: How do we know? Fresha just raised $ 100 million. The company provides software for hair and nail salons, yoga instructors, and other health, beauty and wellness SMEs. Vertical SaaS companies can often have both attractive software revenues and strong payments revenues.
  • More money for neobanks: My general philosophy that there is an endless amount of money available for neobank startups around the world holds up as TechCrunch announced that “the Bangalore-based neobank Open is at an advanced stage of talks to raise around $ 100 million. of dollars ”from Temasek and General Atlantic. The neobank could be worth $ 600 million after the deal, TechCrunch reported.
  • The edtech boom is not over: Of course, COVID-19 is receding in some countries and economic activity is rebounding globally, but that does not stop electronics technology companies that have suffered a pandemic from raising more cash. This week, it is the Indian edtech company Classplus, which could raise $ 30 million from Tiger Global, we reported, for a valuation of up to $ 250 million. It’s real money.
  • The global interest in funding more insurtech startups is also not: This is what TechCrunch learned when speaking with a group of EU-based VCs, who said the European insurance market is very busy, if not as hectic as the market for insurance tech startups in Europe. America.

Insurtech is creating a buzz on both sides of the Atlantic

This morning, The Exchange dug into the EU insurtech market, interviewing European VCs and pulling together the biggest recent towers to get a water temperature across the pond:

  • Alex Timm, CEO, Racine
  • Dan Preston, CEO, Metromile
  • Luca Bocchio, partner, Accel
  • Florian Graillot, investor, Astorya.vc
  • Stephen Brittain, Director and Founder, Insurtech Gateway

Several European insurtech startups have entered unicorn territory this year, such as Bought By Many, which offers pet insurance, Zego and Alan, a French startup based in London, which has raised $ 220 million.

According to Brittain, European startups in this sector are “still in the very early stages of innovation”, having shown “only a fraction of what is possible” in a market “as big as the bank”.

(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)

Big Tech Inc.

  • Everyone fears cybersecurity: This week, it’s his Volkswagen, via a third-party supplier. The provider in question exposed 3.3 million customer data. At some point, the fines for this kind of mistake must reach a level of pain that will force companies to stop screwing up. Enough is enough.
  • Apple leases Canoo for a dynamic car: This week, Apple confirmed to have hired “the former co-founder and CEO [Ulrich Kranz] of the electric vehicle company Canoo. Although the company declined to say what he is working on. It’s 1000% a new six-screen cube-shaped iBloc, right? Without wheels?
  • Keeping pace with Apple, the company announced its “Design Award” winners. TechCrunch has the rundown you need right here.

TechCrunch Experts: Growth Marketing

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