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Hello and welcome to Daily Crunch on September 14, 2021. It was an Apple day on the internet so we all spent the afternoon figuring out if we needed a new smartphone. Answers? Probably not, but that won’t stop a good portion of the TechCrunch crew from putting fresh Yahoo lucre into Cupertino’s market cap. We love this stuff.
On the TechCrunch front, Disrupt is in a week. Your humble servant is going shopping this afternoon to make him look a little less disheveled. Jordan will of course look brilliant on the disrupt desk. See you there! – Alex
The TechCrunch top 3
Apple drops new hardware: Every time Apple hosts an event, it’s like time stands still in the tech world. Whether that should still be the case is up to you, but the fact remains. Here’s our rundown of iPhone news, Apple Watch news, iPad updates, and a general round-up in case you want to go meta. Enjoy!
Atlanta is booming: TechCrunch continued its tour of US cities today after visiting Chicago and Boston in the past few weeks. This time around, we looked at Atlanta’s booming startup scene, which has seen record capital inflows. We spoke to some founders and investors to find out the latest. Don’t forget that Atlanta has just produced a Dekacorn outlet.
Speaking of Dekacorn, Canva just raised $ 200 million on a valuation of $ 40 billion. In percentage terms, the Australian design software company managed to raise two invoices for 0.5% of its equity value. A bargain for twice the price. Why is Canva worth so much? Huge magnitude, as our notes on sales growth highlight.
Startups / VC
Before we dive into our usual rundown of startup news, TechCrunch has examined the value of the myriad BNPL startups around the world through the lens of some recent acquisitions. I wrote it. Read it if that’s your jam.
Given the Apple Fitness news of the day, it’s important Tonal just announced that live classes are coming to their service. Tonal competes in the hardware and software market with Peloton and other players. Above all, it is that Start-ups the world, which in this case merges hardware and software more strongly than Apple, which usually bundles services in its existing products. Regardless, good news for you Tonal users out there.
1047 games includes $ 100M: When you’re hot, writes Brian Heater, you’re hot. And 1047 games with its hit title Splitgate are more than warm. So hot that it has just completed a third round since May. What is Splitgate? An FPS that contains portals. (Which honestly sounds great.)
Grammarly opens up to developers: Grammarly is known as a product that people use to streamline their writing. But what if you wanted to incorporate Grammarly technology into your own product? Well now you can. The company just announced a developer product. The finance nerd in me is wondering how lucrative the new division will prove to be and if it will help the company submit its damn S-1 by now.
EverAfter raises $ 13 million and underlines that HRtech is still hot: According to our own reporting, EverAfter has developed a “code-free, customer-centric tool that optimizes onboarding and retention.” It’s a bit like Sora, a startup that TechCrunch wrote about. A few laps in the same field are a signal!
Today’s Tiger Round is the Indonesian fintech Xendit: Xendit is now a unicorn thanks to a $ 150 million check led by Tiger. We currently estimate that Tiger’s executive partners tip $ 150 million every time they go to dinner. It’s the only number they know! Regardless, the Jakarta-based fintech with a focus on payments has big expansion plans that are now well funded.
Is It That Bad To Take Money From Chinese Venture Funds?
Are founders short-sighted in fundraising mode when it comes to working with Chinese investors?
Denis Kalinin, Business Development Manager for Asia at Runa Capital, examined data from iTjuzi, a database of Chinese venture capitalists, and found:
… Chinese funds invested around 250 billion US dollars in 2020 (three times as much as reported in Crunchbase). This means that Chinese VC investments are only 30% below the investments of US funds, but three times as high as for British funds and 12.5 times more than for German funds.
The pandemic, geopolitical tensions and other factors have led many Chinese venture funds to cut their international investments, but that’s mainly because “China’s economy recovered much faster than other countries during COVID,” Kalinin writes.
His analysis covers several perspectives: Chinese investments in Europe are catching up with those in Asia and the USA, half of China’s top cross-border investors are CVCs and investors are currently particularly interested in fintech, deep tech and digital health.
“Chinese investors can add value to foreign startups, but you need to study their expertise and know how it can be useful to you.”
(Extra Crunch is our membership program that helps founders and startup teams move forward. Here you can sign up.)
Big Tech Inc.
Before we dive into the details of Big Tech, an update from the U.S. government: “Biden’s new FTC candidate is a digital privacy advocate who is critical of big tech.” it turns out. That counts.
LinkedIn pledges $ 25 million to YouTubers: In the event that your LinkedIn feed lacks pizazz, the Microsoft subsidiary plans to boost your content flow. A $ 25 million Creator Accelerator Program was set up to encourage more, well, creativity. LinkedIn is also moving into live audio.
51 more Starlink satellites take up flight: We’re adding that message to Daily Crunch today if you are Even are considering relocating to rural Montana but need to remain gainfully employed.
Space travel seems to be going to the moon: Elon’s space company isn’t the only player trying to get people off the facility. Space travel will “take customers on a moon flight mission” next year, which is more than neat. How much for a ticket?
TechCrunch Experts: Growth Marketing
Photo credits: SEAN GLADWELL (opens in a new window) / Getty Images
We reach out to startup founders to let us know who to turn to for the latest growth marketing practices. Fill out the survey here.
Read one of the testimonials we received below!
Marketer: Andrew Race, juice
Recommended by: Orin Singh, Commercial Trade
Transcript: “We were referred to Juice by a family friend of the owner of my company and, out of personal courtesy, they said they would give us their best husband. Of course we thought everyone was saying that, but they weren’t kidding. Andrew was way superior to our previous marketing company. It was the turning point for us to have someone so knowledgeable and ready to learn a new industry. “
Credit: Land registers
From planned Twitter spaces to spontaneous chats with the Equity crew, the TechCrunch team is always on Twitter. Tomorrow, Wednesday, September 15 at 2:00 p.m. PDT / 5:00 p.m. EDT, the Disrupt Battlefield judges will speak on Twitter Spaces. On Thursday, September 16 at 3:00 p.m. PDT / 6:00 p.m. EDT, Danny Crichton will be joined by Martin Ford, author of “Rule of the Robots: How Artificial Intelligence Will Transform Everything”. Make sure you have the TechCrunch Twitter account to stay up to date on our news and events.