Upgrade edtech platform GOMYCODE closes $8M Series A – TechCrunch
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When did it become Thursday? About 15 hours ago is when! Welcome March 9, 2022, and another extra crunchy Daily Crunch. Serve it with real cow’s milk that’s not sourced from cows – and if that sounds weird, we’ve got a treat for you in the startups section below. — haje and Christina
TechCrunch’s top 3
- Content creator: We like Tags‘s report on Tunisian edtech company GOMYCODE, which banked $8 million for schoolchildren in software engineering and technology skills. Companies like GOMYCODE come at a time when skills like these are needed to tackle 30% unemployment rates in some African countries.
- high flying: With the sequel to Top Gun finally in theaters, our enjoyment with all the flight maneuvers is at its height. Shield AI, which makes autonomous military flight systems, raised $165 million at a valuation of $2.3 billion. And TEven though it was a hit in the US, we love Ingridcompany chairman Brandon Tseng’s inclusion of the United States’ aerospace development ranking over China’s.
- Yeah, the NFT crisis is real: You wouldn’t know it from the amount of news TechCrunchers get in our inboxes every day about people and organizations launching NFTs, but the demand for NFTs isn’t where it used to be, alexander reports. He first looked at some data and suggested there was a meltdown, and when some people suggested that was the wrong data, he took another look. And came to the same conclusion. #sorrynotsorry
Startups and VCs
We love this story Ronabout the two Luminai founders who went from serial hackathon participants to Y Combinator’s S20 cohort, and who today announced they’ve raised $16 million.
We don’t want to be insensitive to layoffs, but haje encourages future employees to do their due diligence before joining a startup: they’re riskier than you think, especially when the economy takes a small bow to desperation.
Also! It’s Thursday, which means haje also wrote another installment of his popular Pitch Deck Teardown series on our TechCrunch Plus subscription site. This time, he takes a look at Lunchbox’s $50 million Series B and what startups can learn from his deck.
Let’s take a quick tour of the site and see what other cool stuff we can find in the world of startups:
- Udderly delicious: Brown Foods ushers in a new era of dairy, raising a whole latte for cow’s milk without cow, Christina reports.
- Yes, but what should we build? Product research is expensive, but product development is even more expensive. Maze is trying to help with the former, so you can spend less on the latter, and has raised $40 million to further develop its approach, Kyle reports.
- Come on, come on, come on, touch me, baby: Touchpad company Sensel raises a Series B, and Lenovo got in on the action for that $18.8 million round, writes brian.
- Putting people back into shopping: Gander is closing a $4.2 million seed round to continue its mission of collecting and integrating user-generated video content into retail sites so shoppers can see what a product looks like in the real life, Dominique-Madori reports.
- We’ll be out of work before long: pot holder reports that Pepper Content, a content marketplace that connects global brands like Google, Meta, Amazon and Adobe to more than 100,000 creators, has raised $14.3 million in a new funding round as it looking to expand into the United States
- TIL on freeze: In what is probably the most educational article on the site today, Devin explores the phenomenon of “freezing” in patients with Parkinson’s disease and what NexStride does, a gadget that helps people to avoid. The company raised $2.8 million to scale the operations of its $500 hardware solution.
8 Factors to Consider When Fundraising During a Downturn
One promise: We won’t publish any articles on TechCrunch+ with tips for navigating a downturn unless the author actually knows what they’re talking about.
Before Karl Alomar became managing partner of venture capital firm M13, he led one company through the dotcom bust of 2000 and helped another survive the Great Recession of 2008.
“The main difference between 2022 and previous downturns is that this contraction was long anticipated, whereas previous downturns were much more sudden,” he says.
Alomar shared eight things entrepreneurs should consider in this environment, including his high-level advice that anyone fundraising should set at least 2 years of trail.
“Investors will likely remain on the sidelines for the most part as markets stabilize and a new set of comparable multiples have been established,” Alomar said. “It might take a little while.”
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
If you’re a fan of John Oliver’s ‘Last Week Tonight’, you know all about his ‘love’ for AT&T, which makes the telecom giant’s decision to drop the HBO Max package from its most expensive unlimited wireless plan. so entertaining. Not really an explanation of why either, so we can’t wait to hear what Oliver has to say on Sunday night.
There’s a crop of Meta news today, so let’s get to it, starting with Annetakes stock of the company’s troubles in Kenya, where it wants to have a lawsuit brought against it by a former employee thrown out. From there, we get a little leaner with Meta’s Workplace unit signing an agreement with McDonald’s for employees to use Workplace on their phones to communicate with each other. We also learned that Meta may not be moving forward with watch projects.
Like clothing, shoes are also tricky to size, but Amazon has a solution for that: an AR shopping feature to help shoppers visualize what a new pair of shoes will look like on their feet, from multiple angles, from different angles. using a mobile phone. It will initially launch in the US and Canada in the Amazon Shopping app on iOS.
We love this first person account of Zack, who had to postpone her return trip from vacation abroad after catching COVID. What happened was a logistical nightmare of epic proportions.
If you liked those, you’ll probably like these:
- not notice: Tesla accuses the California Department of Fair Employment and Housing of unlawfully suing for racial discrimination.
- No console needed: Microsoft first announced the launch of its Xbox TV app on June 30, and now it’s delighting fans with news that gamers will be able to stream games to Samsung’s new console-free smart TVs. There’s also a Twitter hubbub happening on the Xbox new Pride controller.
- Apple’s range change: Apple is planning new versions of its MacBook, MacBook Air and iPad Pro for next year. Additionally, Apple’s Pay Later installment credit program will be managed by a new lending subsidiary.
- Drums, please!: Chrome will now silence many of those annoying notification permission requests on the web.