Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, late-stage fund with $4 […]
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Back to news homeMeta Pharmaceuticals lands $15M to make autoimmune drugs with AI, new immuno-metabolism tech
Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help […]
The arrest heard ’round the crypto world
Hey everyone, and welcome back to Chain Reaction. Last week, we discussed $4.5 billion in new crypto funds from a16z. This week, we’re talking about the arrest that has everyone […]
Social app IRL lays off 25% of team, says it has enough cash to last well into 2024
“We have all seen the state of the market,” IRL CEO and co-founder Abraham Shafi wrote in a company-wide memo where the social app announced it would be dramatically cutting […]
Daily Crunch: Better.com CEO Vishal Garg says he’s on the hook for $750M SoftBank loan
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It’s Friday the 13th, and I hope […]
Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan
Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online mortgage lender last November in an email seen by […]
Top SoftBank LatAm partners leave firm to start their own
SoftBank Latin America is certainly having massive exits, but not the lucrative kind. Paulo Passoni and Shu Nyatta, two managing investment partners of SoftBank’s Latin America practice, are leaving the […]
SoftBank reverses LatAm plan with new early-stage spinout, Upload Ventures
SoftBank’s makeover, in the wake of COO Marcelo Claure’s resignation over a compensation dispute, is hard to miss. Last month, the firm shifted leadership and structure of one of Claure’s […]
Flipkart founder’s Navi files for $440 million IPO
Sachin Bansal’s Navi Technologies, a fintech startup that offers customers insurance and loan products, has filed for a $440 million IPO as the 40-year-old entrepreneur who made his money by […]
It’s pivot season for early-stage startups
Late-stage tech startups are facing a changing public market environment, but their early-stage counterparts are in a different world altogether. The cohort has had access to ample capital in recent […]