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Hello and welcome to the Daily Crunch on November 15th 2021! We have a lot to talk about, but first, briefly: we’re making a sale! Yes, you get a big discount on TechCrunch + here, which I am happy to share because saving is good. As well as supporting your friendly local tech blog! Ok, let’s talk about news. – Alex
The Top 3 of TechCrunch
- More money to reinvent the cards: Startup card games are quite popular that TechCrunch wrote to digest when they make sense. But there is still a lot to do in space, Reckon’s Imprint, which just grossed $ 38 million for its consumer-brand debit card, including funds from Kleiner Perkins and Stripe.
- Casper says “boo” to public markets, plans to go out: After a tumultuous run, mattress company DTC – and former venture-backed startup – Casper is leaving public markets for $ 6.90 per share, in cash. The price is a hefty premium over the previous stock price, although it doesn’t provide a positive signal for the DTC space given its basement-level implied revenue multiple.
- Utah’s tech scene remains hot: It was a good year for Utah startups. Qualtrics went public. Divvy sold for $ 2.5 billion. The fabric went public. Now Podium has added just over $ 200 million to its accounts with a $ 3 billion valuation. It was once a surprise that Utah was building a thriving tech scene, but in today’s most global startup world, the state is just yet another success story when it comes to promoting new tech stores.
Startup / VC
- Can you build a startup aimed at the battery supply chain? Mitra Future Technologies and Social Capital of Chamath Palihapitiya think so. The startup wants to “power up the North American battery supply chain industry that is currently dominated by China by producing an iron-based cathode for non-Chinese applications.” Heck yes.
- SOS raises $ 3.4 million for women’s health vending machines: SOS is building a network of vending machines that supply health and hygiene products, replacing “the perennial problem of broken and worn out tampon machines,” reports TechCrunch. The company intends to launch advertising products and other hardware.
- Mixpanel returns to fundraising after a long hiatus: After climbing early in its life, Mixpanel found itself stuck between startup and public company. Now, seven years after its last round, the software company has added $ 200 million to its accounts via a C series. Let’s call it a payback? Our Ron Miller has even more on the Mixpanel turnaround here.
- Virtuoso raises more funds for automated software testing: If you combine machine learning and RPA and aim the hybrid for software testing, you get Virtuoso, a UK-based startup that just raised $ 13.3 million in a round led by Paladin Capital. Not to turn it into a D&D joke, but let’s assume Virtuoso has to legally work well from here on out.
- Vertical SaaS continues to find places to distribute code: It appears that the work to bring software products tailored to the industry to market is not slowing down. Evidence today is that Mongraph has raised $ 20 million in a Series B for its “cloud-based platform for architecture and design professionals to manage their projects,” reports TechCrunch.
- Aplazo Raises $ 527M for BNPL in Mexico: The Mexican startup market increasingly crosses my radar. A good example came today with Aplazo’s new funding round, an event that comes just four months after raising $ 5.25 million. Such quick funding was once rare in Silicon Valley. Today, hot startups around the world can access more capital than ever.
- To close our startup coverage today, Zoomo raised $ 60 million for its e-bike subscription service. We love the idea that the Australian electric vehicle company is working on. Cars are bad for the environment and take up too much space in cities. What about electric bikes?
Offer decks and other new startup hiring tips
Most new startups operate with a hybrid workforce, but that doesn’t guarantee that the hiring processes have kept pace.
In a panel discussion at TechCrunch Disrupt, editor-in-chief Eric Eldon interviewed Jaime Bott, talent partner of Sequoia, Tawni Nazario-Cranz, operational partner of SignalFire, and Doris Tong, founder and CEO of EQ Talent Group to learn more about recent changes in recruiting.
It’s not just engineering talent that is in high demand: with so many startups working, “there aren’t enough senior people to hire anywhere in the world,” Eric writes.
(TechCrunch + is our membership program, helping founders and startup teams move forward. You can sign up here.)
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