For a rundown of TechCrunch’s most important and important stories delivered to your inbox every day at 3:00 p.m. PDT, subscribe here.
Hello and welcome to Daily Crunch for June 25, 2021. We have a great block of news on startups and Amazon coverage for you today. But before we get into all of that, a note that there are only two weeks left until our TechCrunch Early Stage 2021: Marketing & Fundraising event. It’s going to rock, so check it out and get ready. – Alexis
The Top 3 TechCrunch
- Amazon buys the Wickr encrypted messaging service: If you thought it was weird that an ecommerce company was running the world’s largest public cloud service, it might seem even stranger that that same public cloud service just bought an encrypted email service. But in the age of platforms, tech companies want to do it all, so we shouldn’t be shocked. The Amazon cloud team intends to “continue to operate Wickr as is and offer its services to AWS customers” from now on. In related news, Amazon and Google are taking UK hits on fake reviews.
- Virgin let’s go: The US government has authorized Virgin Galactic to conduct commercial space flights. The result of the news? Shares of the company SPAC rose almost 39% today. It is therefore a moment of take-off for the company and its market capitalization.
- The puzzling value of Didi: Closing our Top 3 today, TechCrunch reviewed the Chinese rideshare giant’s first IPO price range. We’re curious why it looks and feels so cheap compared to its old rival, Uber.
Startups / VC
TechCrunch stretched its legs today, giving us plenty to discuss following the roll call of the usual fundraising round. Here’s what you should read:
- What’s new in deep science: Behind the scenes of the glitz of startups and the glamor of venture capital is a heap of scientific work, which is fueling the next generation of tech and the startups of tomorrow. Devin Coldewey has a compendium of scientific work ranging from prediction of liquid flow based on still images to AI systems simulating confidence.
- The rapidly evolving seed market: If you care about how, when, and why start-ups raise capital, TechCrunch has a lot for you this week. Here is a preview of today early stage venture capital market in the United States., and here is another focused on Latin America. More to come next week looking at what’s going on in Europe.
And, of course, a multitude of startups have raised more money. Here are some highlights to keep you in the loop:
- Mercuryo Raises $ 7.5 Million For Crypto-Based Cross-Border Payments: A key use of blockchain technology that was touted years ago was to send money around the world. Traditional banking is notoriously bad at this, leading to high fees and other problems. Mercuryo could crack the model and crossed the $ 50 million ARR mark. Impressive.
- Edge Delta Raises $ 15 Million to Take on Data Analytics Giants: The startup’s new A-Series puts it in closer competition with Splunk, Datadog, and other big companies that sell cloud-based data monitoring services. The real story is a bit technical, but glad we had Frédéric Lardinois on site to explain it to us.
- Fintual raises $ 15 million for retail investments in Latin America: The Robinhood-led retail investment boom that the United States has experienced in recent years is increasingly becoming a global phenomenon. And Fintual wants to take a bite out of the trend in the Latin American market. The Chilean startup now has a series A to its credit to fuel its fight against regulatory and historical players.
Musculoskeletal medicine startups race to enter the personalized health technology market
With more than 50 million Americans suffering from chronic pain and musculoskeletal (MSK) medical conditions, a number of startups are offering patients new products “that don’t look like the cookie-cutter status quo,” report Natasha Mascarenhas.
Startups hoping to enter this space have a tough climb. Aside from regulations that cover aspects such as packaging and marketing of products, they have to compete with entrenched competition from Big Pharma as they attempt to partner with health insurance companies.
Natasha profiles three companies that each take a different approach to personalized health: Clear, Hinge Health and PeerWell.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
From the Big Tech world today, we only have one more entry, as we covered the big news from Amazon above. Natasha Lomas reported today that “Microsoft-owned LinkedIn is committed to doing more to quickly remove illegal hate speech from its platform in the European Union by formally joining a self-regulatory initiative that aims to address the problem through a voluntary code of conduct.
I wanted to bring up this particular story because it somewhat highlights the evolution of internet regulation around the world. You wouldn’t see this story, say, in the United States, or at least not in the same format. And in China, for example, another key internet market, it would also have a very different flavor. To some extent, we feel like we are dealing with three different – and increasingly distant – Internets. Something for startups to chew on.
TechCrunch Experts: Growth Marketing
TechCrunch wants you to recommend growth marketers with expertise in SEO, social, content writing, and more! If you are a growth marketer, pass this survey on to your clients; we would like to know why they liked working with you.
The results of this survey will help influence our editorial coverage of growth marketing. Today we have a guest column on Extra Crunch from Marc Hope, “5 Companies That Are Doing Growth Marketing Right.” ”