Wednesday, December 2, 2020
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.House Speaker Nancy Pelosi, D-Calif., and Rep. Ro Khanna, D-Penn., made a plea to the Small Business Association (SBA) Tuesday to include startup companies in the coronavirus bailout plan.Startup companies could face exclusion from the Paycheck Protection Program (PPP) under the…
OneWeb's dreams of satellite internet access have hit a major setback. The startup has filed for Chapter 11 bankruptcy after attempts to get crucial financing fell through. The company said it was "close" to getting support, but the COVID-19 pandemic produced a "financial impact and market turbulence" that cut the deal short. Chapter 11 bankruptcy…
(CNN Business)Just days after President Donald Trump announced earlier this month that all travel from Europe to the United States would be temporarily suspended due the coronavirus pandemic, a Dallas-based rideshare startup called Alto started seeing a steep drop in demand for rides.Will Coleman, Alto's founder and CEO, said business was suddenly hurting, and badly,…
San Francisco (CNN Business)What if every window in your house could generate electricity? One Redwood City, California-based startup thinks its technology can achieve that by transforming the way solar power is collected and harnessed.Ubiquitous Energy has developed transparent solar cells to create its ClearView Power windows, a kind of "solar glass" that can turn sunlight…
SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years,…
Ilse Calderon Contributor Ilse Calderon is an investor at OVO Fund where she specializes in pre-seed investments across capital-efficient markets. Prior to OVO, Ilse spent a year at Silicon Valley Bank rotating across consumer and software teams. While it’s no secret...
Spinny, an online platform for selling used cars, has secured $43.7 million from a cohort of influential investors in a new financing round as it looks to expand to more Indian cities. The Series B financing round for the Gurgaon-based startup was led by the Fundamentum Partnership, the growth-capital fund backed by tech veterans Nandan…
As the world continues to lean more heavily on remote collaboration technologies, investors and entrepreneurs are growing more curious about how behavioral shifts will impact the future of work and education. Bonsai, a new online platform virtually pairing students and young professionals with mentors in professional fields, is launching today with fresh funding. The startup’s…
Zillow said Monday it will temporarily stop buying homes in all 24 markets where it operates in response to public health orders related to the COVID-19 pandemic, the latest real estate startup to shift how it operates as the disease caused by coronavirus continues to spread. Zillow said it decided to pause making offers to…
Allbirds If you’d rather take a risk and join a budding business than be bound to the rungs of the corporate ladder, startup life may be right for you. But when your potential employer hasn’t existed for more than a few years and may not even have a product, let alone profits, how can you…