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Today β€” 10 January 2025Main stream

Amazon curbs some DEI programs

10 January 2025 at 13:50

Amazon is now the latest company to curb some of its DEI programs, Bloomberg reports, after Meta announced that it, too, is ending its diversity efforts earlier on Friday.Β  An internal memo that was sent to staffers said that the company was looking to wind down outdated programs and materials as part of a review […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Shein is still looking to IPO

10 January 2025 at 10:43

Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April.Β  The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over Shein’s connections to China and labor […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Meta eliminates DEI programs

10 January 2025 at 10:38

Axios reports that Meta is eliminating its biggest DEI efforts, effective immediately, including ones that focused on hiring a diverse workforce, training, and sourcing supplies from diverse-owned companies. Its DEI department will also be eliminated.Β Β  In a memo leaked to the outlet, Meta said it was making these changes because the β€œlegal and policy landscape […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Before yesterdayMain stream

What will this year bring in VC? We asked a few investors

4 January 2025 at 08:00

A new year brings with it hope for a better tomorrow β€” kind of, at least. In the world of venture capital, nothing is quite predictable. The number of firms in the U.S. has taken a sharp dip as risk-averse institutional investors splash money on only the biggest names in Silicon Valley, as reported by […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Venture fund founder sues PayPal, alleging racial discrimination

3 January 2025 at 09:25

Andav Capital's founder claims PayPal's program was discriminatory as it sought to exclusively focus on Black and Hispanic-led enterprises.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Hollywood angels: Here are the celebrities who are also star VCs

21 December 2024 at 07:00

Becoming a venture capitalist has become the latest status symbol In Hollywood.Β 
Everyone from Olivia Wilde to Emma Watson is investing in startups.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Swizzle Ventures raises $5M for inaugural fund addressing women’s health and wealth

20 December 2024 at 08:22

There is a new venture fund in town. Swizzle Ventures, founded by Jessica Kamada, former COO of the marketing agency Bamboo, has raised just over $5 million for its Fund I, according to an SEC filing. There was no target raise amount.Β  The firm, which quietly opened in 2023, is an early-stage firm looking to […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Lerer Hippeau files to raise Fund IX

20 December 2024 at 08:01

Lerer Hippeau, one of New York's most prolific and A-list VC firms, has filed to raise its ninth fund, according to an SEC filing made Wednesday.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Hotel booking platform Safara raises $14M, acquires rival Skipper

19 December 2024 at 06:50

Doug Schuessler has always been a founder. This passion, which has been with him since childhood, saw him launch two startups, move to San Francisco, and take a job at Square to see what a β€œreal rocket shop looked like.” He later became chief revenue officer atΒ restaurant booking platform Resy, before becoming a founder once […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Culina Health nabs $7.9M to provide virtual access to registered dietitians

19 December 2024 at 06:43

As a dietitian, Vanessa Rissetto’s main goal is to help people stay healthy. She also knew that there were some roadblocks to achieving that. For example, the Black community deals with pressing health concerns, in addition to a disproportionate lack of access to care. More than 80% of registered dietitians in the U.S. are white, […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Stephen Curry’s Penny Jar Capital files to raise a Fund II

17 December 2024 at 09:08

Penny Jar Capital is the early-stage firm founded by Bryant Barr and Richard Scudellari and where basketball star Stephen Curry serves as a special advisor.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Jay-Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings

16 December 2024 at 15:02

Jay-Z’s venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holdings’ investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch. The newly formed MarcyPen Capital Partners has $900 million in assets under management, according to PitchBook.Β  MarcyPen’s spokesperson declined to comment further on the […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

56 US startups have become unicorns so far in 2024: Here’s the full list

16 December 2024 at 08:08

The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Skims co-founder Jens Grede addresses those IPO rumors

16 December 2024 at 06:06

Skims co-founder Jens Grede has confirmed that plans for an IPO are on the back burner β€” for now at least, according to a new interview with WWD.Β  TechCrunch reported in August that investors were hoping for the retail darling, last valued at $4 billion, to go public, and the Information reported that the earliest […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Arlan Hamilton announces changes at Backstage Capital, will step into advisory role

14 December 2024 at 08:30

Arlan Hamilton, founder of Backstage Capital, announced Friday that her role at the firm she started in 2015 will evolve.Β  β€œAfter 12 years of being deeply involved in the day-to-day operations, I’ve decided to transition into a chairperson and advisory position,” she wrote in a statement released online. She was previously a managing partner at […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

YC-backed Zimi raises $2M to help international merchants easily sell in the U.S.

9 December 2024 at 06:07

Audrey Djiya and Peter Nsaka always wanted to be founders.Β  Djiya’s parents, grandparents, and great-grandparents were all entrepreneurs, and even as she took a consulting job after college, she kept an idea journal, documenting the problems she saw and the potential ways technology could help solve them.Β  β€œGrowing up watching family members move goods cross-border, […]

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New York’s top VCs under 30

7 December 2024 at 07:09

The next generation of New York City investors are already making their mark in the Big Apple.Β  They come from big-name venture firms like Female Founders Fund and Lerer Hippeau and smaller ones like Chai Ventures. They work in areas like growth, consumer, and health. They canoe, hike, and play pickleball on the weekends. We […]

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Former LA Lakers star launches VC firm

6 December 2024 at 06:49

Former NBA Lakers star Metta Sandiford-Artest (formerly known as Metta World Peace) has teamed up with Stephen Stokols, the former CEO of Boost Mobile, to launch Tru Skye Ventures, a firm looking to invest in sports and health tech, according to Sportico.Β  The firm wants to raise $100 million and cut its first formal check […]

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Women in AI: Tamar Eilam is helping IBM build sustainable computing

5 December 2024 at 09:00

To give AI-focused women academics and others their well-deserved β€” and overdue β€” time in the spotlight, TechCrunch is launching a series of interviews focusing on remarkable women who’ve contributed to the AI revolution. Tamar Eilam has worked at IBM for the past 24 years. She’s currently an IBM fellow, serving as chief scientist for […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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