PayHOA, a previously bootstrapped Kentucky-based startup that offers software for self-managed homeowner associations (HOAs), is an example of how real-world problems can translate into opportunity. It just raised a $ 27.5 million Series A round in an environment where nearly $ 30 million Series A rounds are no longer common. PayHOA founder and CEO Mike […]
Tesla’s profitable Supercharger network is in limbo after Musk axed the entire team
At the start of the year, Tesla’s Supercharger team was tasked with the impossible. “We were on an exponential path,” a former team member told TechCrunch, adding that the new targets were “super-duper crazy.” Despite the bottlenecks that such expectations can create, “every time they upped the metric, we met it.” Then, one day in […]
What African B2B e-commerce startups can learn from OmniRetail’s profitable run
Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s mom-and-pop convenience stores and offering various solutions to streamline logistics and procurement processes saw hundreds of millions of dollars flood the segment, particularly during the venture capital […]
Telegram founder says the company will become profitable next year
Telegram founder Pavel Durov said that the company expects to hit profitability next year with eyes on going public in the future. The chat app, which crossed 900 million users, is making “hundreds of millions of dollars” through ads and subscriptions, Durov told the Financial Times in an interview. He mentioned that while global investors […]
Interview Kickstart, a profitable startup, raises maiden funding to tackle tech talent crunch
Interview Kickstart, a profitable startup helping tech professionals acquire career-advancing skills, has raised $ 10 million in its maiden funding from Blume Ventures, the companies said on Monday. The San Francisco-based startup, founded in 2014, assists engineers learn from employees of top tech companies or their alumni. Though always profitable, 2023 was pivotal for Interview […]