Why HoneyBook’s $140M in ARR may finally justify its $2.4B ZIRP-era valuation
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Why HoneyBook’s $140M in ARR may finally justify its $2.4B ZIRP-era valuation

HoneyBook, a startup last valued in late 2021 at $2.4 billion, told TechCrunch that it hit $140 million annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled.  Many startups that raised in 2021 and not since remain under pressure to generate […]HoneyBook, a startup last valued in late 2021 at $2.4 billion, told TechCrunch that it hit $140 million annualized recurring revenue (ARR). This makes HoneyBook one of the few startups with peak-VC-era valuations to report their financials after the market cooled.  Many startups that raised in 2021 and not since remain under pressure to generate[#item_full_content]

Twin’s first AI agent is an invoice-retrieval agent for Qonto customers
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Twin’s first AI agent is an invoice-retrieval agent for Qonto customers

When Twin came out of stealth in January 2024, AI agents were more of a theoretical concept than a reality. Today, the Paris-based company is releasing an automation agent in partnership with Qonto, the fintech startup that offers business bank accounts to more than 500,000 customers across Europe. If you want to automate repetitive tasks, […]When Twin came out of stealth in January 2024, AI agents were more of a theoretical concept than a reality. Today, the Paris-based company is releasing an automation agent in partnership with Qonto, the fintech startup that offers business bank accounts to more than 500,000 customers across Europe. If you want to automate repetitive tasks,[#item_full_content]

eBay backs WunderGraph to build an open source GraphQL federation
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eBay backs WunderGraph to build an open source GraphQL federation

A fledgling open source startup that’s setting out to tackle API sprawl in the GraphQL ecosystem has secured the backing of e-commerce giant eBay. WunderGraph, as the company is called, today said it has raised $7.5 million in a Series A round of funding to “scale its open source GraphQL federation.” Investors include eBay’s VC […]A fledgling open source startup that’s setting out to tackle API sprawl in the GraphQL ecosystem has secured the backing of e-commerce giant eBay. WunderGraph, as the company is called, today said it has raised $7.5 million in a Series A round of funding to “scale its open source GraphQL federation.” Investors include eBay’s VC[#item_full_content]

4 days left to lock in $300+ savings for investor and founder tickets for TechCrunch All Stage
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4 days left to lock in $300+ savings for investor and founder tickets for TechCrunch All Stage

Time’s running out — 4 days left to save over $300 on Founder and Investor Passes for TechCrunch All Stage! Founders, accelerate your journey. Investors, fuel their success. Join us on July 15 at SoWa Power Station in Boston, MA, for TC All Stage, where 1,200 founders and VCs come together to scale from seed […]Time’s running out — 4 days left to save over $300 on Founder and Investor Passes for TechCrunch All Stage! Founders, accelerate your journey. Investors, fuel their success. Join us on July 15 at SoWa Power Station in Boston, MA, for TC All Stage, where 1,200 founders and VCs come together to scale from seed[#item_full_content]

Island lands $250M in funding at a $4.8B valuation
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Island lands $250M in funding at a $4.8B valuation

Enterprise browser startup Island just raised a sizable funding round — one that bumps up its valuation significantly, and less than one year after its last fundraise. Dallas-based Island raised $250 million in a Series E round led by Coatue that valued the company at $4.85 billion, the startup announced today. This brings the company’s […]Enterprise browser startup Island just raised a sizable funding round — one that bumps up its valuation significantly, and less than one year after its last fundraise. Dallas-based Island raised $250 million in a Series E round led by Coatue that valued the company at $4.85 billion, the startup announced today. This brings the company’s[#item_full_content]

19 founders and VCs working with Elon Musk’s DOGE
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19 founders and VCs working with Elon Musk’s DOGE

Silicon Valley used to take a backseat to Washington, D.C. But now, the people disrupting technology have taken the wheel at the highest echelons of government. And that’s thanks, in large part, to the Department of Government Efficiency, better known as DOGE. Much reporting on DOGE has focused on its staffers’ ties to Musk, the billionaire bestie of […]Silicon Valley used to take a backseat to Washington, D.C. But now, the people disrupting technology have taken the wheel at the highest echelons of government. And that’s thanks, in large part, to the Department of Government Efficiency, better known as DOGE. Much reporting on DOGE has focused on its staffers’ ties to Musk, the billionaire bestie of[#item_full_content]

Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B
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Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B

Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital — a $120 million Series B round in 2021 that valued the company at $1.62 […]Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital — a $120 million Series B round in 2021 that valued the company at $1.62[#item_full_content]

Bradley Tusk says VC is dead. But the ‘fixer’ in him is just getting started
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Bradley Tusk says VC is dead. But the ‘fixer’ in him is just getting started

According to Bradley Tusk, co-founder and managing partner of Tusk Venture Partners, venture capital has been “effectively dead for the last four years.” A self-proclaimed “Fixer,” Tusk recently made the decision not to raise a fourth fund. Instead, he decided to go back to his roots and launch an equity-for-services firm aimed at helping early […]According to Bradley Tusk, co-founder and managing partner of Tusk Venture Partners, venture capital has been “effectively dead for the last four years.” A self-proclaimed “Fixer,” Tusk recently made the decision not to raise a fourth fund. Instead, he decided to go back to his roots and launch an equity-for-services firm aimed at helping early[#item_full_content]

Amazon’s Alexa Fund is now backing AI startups
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Amazon’s Alexa Fund is now backing AI startups

Amazon started the Alexa Fund in 2015 to back early-stage voice startups. With the advent of large language models and Amazon launching Gen AI-powered Alexa+ along with a family of multimodal AI models, the fund now wants to broaden its scope and invest more in AI startups. In a blog post Amazon shared with TechCrunch […]Amazon started the Alexa Fund in 2015 to back early-stage voice startups. With the advent of large language models and Amazon launching Gen AI-powered Alexa+ along with a family of multimodal AI models, the fund now wants to broaden its scope and invest more in AI startups. In a blog post Amazon shared with TechCrunch[#item_full_content]

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