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The Briefing: SEC Said To Pause Chinese Company IPOs, Neuralink Raises $205M, And More





Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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SEC reportedly freezes China-based company IPOs
U.S. securities regulators have stopped processing registrations of U.S. IPOs and other security sales by Chinese companies while they craft new guidance addressing the risk of a new regulatory crackdown by China’s government, according to a Reuters report citing unnamed sources.
Deal flow has reportedly slowed a month after Chinese regulators banned ride-sharing giant Didi from signing up …

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With Duolingo And PowerSchool, EdTech IPOs Begin To Shift From Chinese- To U.S-Based Companies

In a year when IPO deal volumes are hitting record highs, edtech is in the spotlight — particularly this past week.
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This week saw language-learning platform Duolingo, along with K-12 edtech company PowerSchool go public, following edtech software company Instructure’s IPO last week. Chinese online tutoring platform Zhangmen also had an IPO last month while Coursera’s public debut was back in March. In other words, it’s been a banner year for U.S.-based edtech companies to go public, after China-based edtech companies have dominated the U.S. IPO market in recent years. 
“ …

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Is Hybrid Work A Distraction From The Real Pain Of The Modern Workplace?





By Tariq Rauf
The work-from-home culture wars are reaching a fever pitch. Between Goldman Sachs’ commands to get back to the office and Apple’s hybrid battle with employees, the way we work has never caused so much debate.
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Millions have now adapted to a fundamentally different way of working, and for some, the prospect of hybrid threatens to introduce even more upheaval.
Before taking the plunge, companies would be wise to challenge their assumptions. Is hybrid a silver bullet for creating trust? Is it a fast-track to a more creative workforce? Are hybrid and …

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The Briefing: Odoo Secures $215M, Robinhood Prices IPO, And More





Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Odoo raises $215M for open-source tools
Odoo, a Belgian startup offering an integrated suite of business apps built through an open-source development model, announced a $215 million investment from Summit Partners.
The company, founded in 2015, said it is currently profitable and did not need the money to fund its growth. Summit instead acquired shares from prior investors.
Robinhood prices IPO, sets initial $32B public valuation
Stock and crypto …

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Throw The Confetti: Robinhood’s IPO Should Be A Celebration Of Capital Market Access

By David McDonough
When I used Robinhood for the first time back in 2015, I remember thinking that it could be one of the great economic equalizers of our time. Opening my own brokerage account a few years prior had been a nightmare of paper checks, fax machines and double-digit commissions on every trade.
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This platform, by contrast, had the potential to bring the excitement and opportunity of investing to everyone.
Fast-forward five years, and that promise has been realized. A growing number of people are choosing to manage their own portfolios of stocks and digital …

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As SPACs Slow, Terms Change And The Market Widens For Targets

While the SPAC craze dominated last year and investors rode that momentum into 2021, the crowded market has cooled slightly as many of the vehicles continue to search for their perfect mate.
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Those changing market dynamics have created an adjustment in the terms of some SPACs — in an attempt to make the vehicle more attractive to investors — and shifted where some are looking for that much-needed target.
While there were just under 300 SPACs formed in the first quarter of 2021, the second quarter saw a slowdown, with fewer than 50 announced and just 16 in July, according to an …

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The Briefing: Fireblocks Lands $310M, Onto Raises $175M For Electric Cars, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Fireblocks raises $310M
New York-based Fireblocks, a security-focused platform for digital assets, raised $310 million in a Series D funding.
The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture Capital and SCB 10X. The financing brings Fireblocks’ valuation to above $2 billion.
Founded in 2018, Fireblocks markets itself as an all-in-one platform to store, transfer and issue digital assets.
Onto lands $175M for electric car susbscriptions

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Industry 5.0? Investors Again See The Promise In Industrial Automation After COVID-19

About five years ago, venture investors poured cash into the promise of updating industrial facilities by connecting and modernizing them to push them into the current century.
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It was called “Industry 4.0,” or the Industrial IoT — and it also was pretty much a bust.
But after a pandemic caused massive industrial disruption and business priorities to shift, industrial automation once again has hit that sweet spot with investors. According to Crunchbase numbers, venture capital flowing into the space this year has already topped $1.4 billion in 104 funding deals, setting it up nicely to beat last year’s $1.7 …

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What City Slickers Don’t Get About The Modern Farm

By Darren Anderson
Close your eyes and imagine a working farm. Perhaps you see milking stools in a clapboard barn, or a farmer navigating rows of crops on a battered tractor, stepping down here and there to check on their progress.
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Those are time-honored scenes, but if that’s your image of a farm, you may not have been to one lately. Today’s farms are high-powered and high tech. It’s time to set the record straight and tell more people about it, especially city-dwelling folks.
Taking stock of ag and tech
There’s …

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The Briefing: China Rule Changes Impact VC-Funded Companies, BYJU’s To Buy Great Learning

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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China’s ed-tech, delivery regulatory changes hit returns for VC-backed companies
China’s overhaul of the private tutoring industry looks poised to deal a sweeping blow to returns in the space for a slew of venture-backed companies.
The Chinese government will ban companies that teach school curriculum from making profits. The decision has already resulted in steep valuation drops for public, venture-backed companies in the space, including …

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