Tuesday, November 22, 2022

No-code fintech services startup Taktile closes $20M Series A round

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By Christine Hall and Haje Jan Kamps

Tuesday, November 22, 2022

Soooo you may have received the, erm, first edition of Daily Crunch yesterday, where we mentioned a certain conference, placing it in the wrong country. Whoops — we updated the headline. Sorry, Finland, we love you, honestly.

That was yesterday. Today, there's a wall of new exciting things to look at…including, among other things, an opportunity Neesha has for you if you’re running a space startup: Apply to pitch onstage at TC Sessions: Space 2022!

Okay, with that, let's get started with the TC Top 3. — Christine and Haje

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Image Credits: Tooga / Getty Images

The TechCrunch Top 3

  • I've got the golden IT ticket: Putting in a ticket with the IT department to make a slight tweak to some lending criteria could have a bank's head of credit waiting for longer than necessary. Enter Taktile, which is making this more of a no-code, self-service function. With $20 million in new funding, it helps fintech companies test and deploy those tweaks without a developer, Kyle reports.
  • No cloudy days here: Amazon is pouring more money into India, this time $4.4 billion for its cloud unit over the next eight years as it launches a second cloud region in Hyderabad, Manish reports.
  • This is one Popup you won't want to "X" out: When building an online store on some marketplaces, merchants are offered the basic tools. However, as their business expands, merchants have to lean on more and more tools. Popup grabbed $3.5 million in funding to solve this problem with a no-code way to design online storefronts using just one tool, Christine writes.

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Startups and VC

Aura, a startup founded by early Twitter employees that makes digital frames and photo-sharing apps that can also be used to update those frames, has pulled in some funding to expand its business as it closes in on 3 million users of its app and 1 million frames sold, Ingrid reports. The company has raised $26 million in a mix of debt and equity — money that the company is using to boost manufacturing this quarter and to invest in 2023 plans.

All eyes are currently on the collapse of FTX in the crypto industry. That's why today's news from Bitpanda is an important signal for the Austrian unicorn company, which has received a crypto license from Germany's financial regulator, Federal Financial Supervisory Authority (BaFin), reports Romain.

Here's a handful of additional VC and startup stories for ya:

Cold outreach with a warm touch: Here's the fast pitch we emailed to investors

Pitching a startup to investors without a personal recommendation isn’t a terrible idea — as long as you’ve done your research first.

Tetra Insights co-founders Michael Bamberger and Panos Rigopoulos raised a $5 million Series A last year, and the duo said cold outreach was a key part of their strategy.

“When I changed my criteria to finding people who were a fit, the process was really quick,” says Bamberger, who initially raised a $500,000 friends and family round in 2019 followed by a $1.5 million seed round a year later.

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

Cold outreach with a warm touch: Here's the fast pitch we emailed to investors image

Image Credits: R.Tsubin / Getty Images

Big Tech Inc.

Elon Musk taking over Twitter has resulted in similar social media companies being highlighted. Ivan writes that Indian social network Koo is one such platform gaining popularity in Brazil, but that is turning into a number of challenges, including how to manage moderation.

Meanwhile, with holiday shopping here again, Rita reports that Temu, Pinduoduo's sister shopping app, has gained some notoriety after topping the U.S. App Store.

And we have five more for you:

Read more stories on TechCrunch.com

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Monday, November 21, 2022

Corrected: Finnish tech conference yanks $1M pitch contest prize from Russian co-founders

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Monday, November 21, 2022

What's up, Crunchers! Haje is back from his away-ness, and we are chomping at the bit to bring you a wall of amazing stories from our dastardly team of TC wordcraftspeople. Let's goooooo! — Christine and Haje

Correction: The first version of the Daily Crunch incorrectly stated that the Slush conference was in Sweden. So as to not to incur the wrath from both sets of Vikings, we've corrected the headline. Slush is an annual tech conference that happens, of course, in Helsinki, Finland. As an honorary Scandinavian, Haje is suitably ashamed of the mistake. We regret the error.

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Image Credits: Slush

The TechCrunch Top 3

  • Here yesterday, gone today: "We should have reviewed all participants’ operations more closely before entering into the competition." That's what Slush organizers said after they and VC pitch judges decided to revoke a $1 million award to Immigram after discovering the company had ties to Russia. Mike has more.
  • Dark times at Tesla: Tesla recalled about 350,000, or 1% of electric vehicles it sold over the past two years or so for some pretty major issues, including taillights that go out and front passenger airbags that malfunction, Jaclyn writes.
  • Cloudy with a chance of doom and gloom: There is no rosy outlook for startups here. Flipkart CEO Kalyan Krishnamurthy doesn't mince words when he warns startups that "a lot of turmoil and volatility" is in the funding forecast over the next 12 to 18 months, Manish reports.

Startups and VC

Actor Noah Schnapp, who plays Will on Netflix's hit original series “Stranger Things,” is passionate about tbh, a company he co-founded that aims to "reinvent" hazelnut cocoa spread Nutella, reports Mary Ann. The company is turning to crowdfunding to raise money for the vegan alternative.

At our TC Sessions: Crypto event last week in Miami, Darrell sat down a veritable who-is-who in crypto to talk about the crypto regulation landscape. The key takeaways that all three panelists essentially agreed upon is that the benefit of the FTX situation is that there's now more impetus than ever to arrive at some kind of regulatory framework specific to crypto in the U.S. You can watch the segment on the site.

Here's a fellowship of stories to see you through the rest of your Monday. May it be a light to you in dark places, when all other lights go out.

Get your product and customer success teams on the same page to improve net retention

You don’t need to move the needle far to optimize customer success. SaaS startups that incrementally improve will stack small wins that have the potential to alter the company’s trajectory.

Instead of a traditional siloed approach, rolling product and CX teams into a single unit helps align incentives, writes Bryan House, SVP of product and customer success at Elastic Path.

“Regardless of what you call the role, product management, UX and customer success should report to the same person," he advises. "This leader should create a structure that shares incentives and common goals aligned to your customers' measures of success.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

Get your product and customer success teams on the same page to improve net retention image

Image Credits: Richard Drury / Getty Images

Big Tech Inc.

It's a bit of déjà vu for Broadcom, which is back under the watchful eye of competition regulators. This time, the U.K.'s Competition and Markets Authority is looking into the chip giant's proposed $61 billion deal to buy virtualization software giant VMware. If you don't recall the last time, it was when Broadcom tried to acquire rival Qualcomm in 2018. The deal was scrapped after former president Donald Trump cited national security concerns. Paul writes that "both the political and competitive optics are different this time around, so it's difficult to predict how this will all unfold," but he did get a comment from Broadcom on what the company thinks.

Oh, and FIFA is back. Lauren has your guide to streaming it.

Five more for your Monday:

Read more stories on TechCrunch.com

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