Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought us some exciting fundraising news from around the world, and even some exits. But if you are looking for tech IPOs, you will have […]
VC firm NFX laid off 4 employees and plans to hire more investors
Venture capital firm NFX laid off four employees in September as the firm looks to “rebalance” its resources from its software and product teams to its investing team, general partner Pete Flint told TechCrunch. The layoffs included one product leader and three engineers, Flint said. About a week ago, Amy Lin, chief product officer since […]
Why EnergyX raised $75M from small investors, even after taking VC money from GM and others
Nearly every founder has the same concern: how can they ensure their startup has enough cash to deliver on its promise. For most, that means wooing venture capitalists early and often, trading equity in the company and board seats for cash to keep the lights on. For Teague Egan, it also means courting retail investors. […]
Investors are scrambling to get into ElevenLabs, which may soon be valued at $3 billion
ElevenLabs, a startup that makes AI tools for audio applications, is being approached by existing and new investors about a new round, which could value the company as highly as $ 3 billion, TechCrunch has learned. The two-year-old company specializes in making AI tools to generate synthetic voices for audiobook narrations, and for real-time video […]
HYBE’s Cash Reserves At Risk, Might Have To Pay Back Investors Over 200 Million USD
HYBE is at serious risk of depleting cash reserves after the put option rate for its third convertible bonds, issued in 2021, has soared over 80%. This implies that many HYBE investors are trying to redeem what they might be deeming as a losing investment. A put option refers to an early redemption claim that […]