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AI-powered Jerry raises $28M to help you save money on car insurance

When Art Agrawal was growing up in India, a car ride was a rare treat, and car ownership was a dream. When he moved to the U.S. and bought his first car, he was shocked by how much it cost and how difficult it was to maintain a car.
In 2012, he co-founded a company called YourMechanic (and won TechCrunch’s Disrupt that year) that provides on-demand automotive mobile maintenance and repair services. Over the years, the challenge of helping consumers more easily find car insurance was in the back of his mind. So in 2017, he teamed up with Lina …

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The TechCrunch Survey of Dutch tech hubs: Calling Delft, Eindhoven, Rotterdam, Utrecht

TechCrunch is embarking on a major new project to survey European founders and investors in cities outside the larger European capitals.
Over the next few weeks, we will ask entrepreneurs in these cities to talk about their ecosystems, in their own words.
This is your chance to put Delft, Eindhoven, Rotterdam, Utrecht on the Techcrunch Map!. We covered Amsterdam here.
If you are a tech startup founder or investor in one of these cities please fill out the survey form here.
We are particularly interested in hearing from women founders and investors.
This is the follow-up to the huge survey …

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Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M

The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. The challenges become even more complex when dealing with cross-border payments.
Startups that were formed before the pandemic stand to benefit from the shift. One such startup, Tribal Credit, launched its beta in late 2019 to provide payment products for startups and small to medium-sized businesses (SMBs) in emerging markets.
Today, Tribal Credit announced it has raised $34.3 million in a combined Series A and debt round led by …

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Moody’s Changes Outlook for Russian Banking Sector to Stable

The international rating agency Moody’s has changed the forecast for the Russian banking sector for next 12-18 months from negative to stable, Vice President – Senior Credit Expert of the Agency Olga Ulyanova says on Wednesday.
“The forecast changes from negative to stable,” she says, TASS reports.

The forecast revision is based on improved macroeconomic situation in Russia, Ulyanova adds. Moody’s expects Russian GDP will grow by 2.3% in 2021 and by 2.1% in 2022 after the contraction by 3.1% in 2020. Growing oil prices act as a positive driver for this factor, she notes.
Gradual softening of coronavirus control measures will intensify operations of …

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Put your city on the TC map — TechCrunch’s European Cities Survey 2021

TechCrunch is embarking on a major new project to survey European founders and investors in cities outside the larger European capitals.
Over the next few weeks, we will ask entrepreneurs in these cities to talk about their ecosystems, in their own words.
This is your chance to put your city on the Techcrunch Map!
This is the follow-up to the huge survey of investors (see also below) we’ve done over the last 6 or more months, largely in capital cities.
These formed part of a broader series of surveys we’re doing regularly for ExtraCrunch, our subscription service which unpacks …

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The Robinhood competitor landscape intensifies as Invstr raises $20M

One of the biggest gripes about investing apps is that they are not acting responsibly by not educating users properly and allegedly letting them fend for themselves. This can result in people losing a lot of money, as evidenced by the number of lawsuits against Robinhood.
Today, an eight-year-old company that has been focused on nothing but financial education is now offering trading and banking services in the U.S..
Over the years, London-based Invstr has built out an educational platform with features such as an investing Academy. It’s created a Fantasy Finance game, which gives users the ability …

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Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there are shared mobility companies from cars to scooters and mopeds to e-bikes. And who can forget the emerging air taxi companies?
At the center of this evolving industry are the investors. Simply put: TechCrunch can’t hold an event on mobility without hearing from the people who are hunting for the best opportunities in the industry and tracking all of its changes. That’s why we’re happy to announce investors Clara Brenner of Urban …

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Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totally $969 million in commitments from LPs. This is the firm’s largest fund to date, and was oversubscribed relative to its original target according to fund CEO and founder Dr. Jim Tananbaum, who told me that while the fundraising process started out slow in the early months of the pandemic, it gained steam quickly starting around last fall and ultimately exceeded expectations.
This latest fund actually makes up two separate investment vehicles, Foresite Capital Fund V, and Foresite Capital Opportunity Fund V, …

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Scary Russian Statue Sold at Auction for $35K

“Thanks to public and media attention, the auctioned object’s status has risen to unprecedented heights,” Russian Auction House deputy director Pavel Zhirunov said in a statement.
“Its sale through an auction has fueled this interest and made the art object not only a subject of discussion, but also of investment,” Zhirunov said.

The auction house listed the buyer’s name as Yelena Nikolayevna Osipova, one of four participants in the three-hour bidding war. The Open Russia investigative outlet said the auction house declined to provide further details about the buyer.
The scandalous sculpture’s starting price stood at 1 million …

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