Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special-purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The companies raised $200…
Read MoreMonth: December 2020
Daily Crunch: Facebook acquires Kustomer for $1B
Facebook makes a billion-dollar acquisition, we learn more about Twitter’s Clubhouse-style feature and Moderna applies for emergency authorization for its COVID-19 vaccine. This is your Daily Crunch for November 30, 2020. The big story: Facebook acquires Kustomer for $1B Kustomer says it can give customer service teams better data and a more unified view of…
Read MoreA tween tries Apple’s new ‘Family Setup’ system for Apple Watch
With the release of watchOS 7, Apple at last turned the Apple Watch into the GPS-based kid tracker parents have wanted, albeit at a price point that requires careful consideration. As someone in the target demographic for such a device — a parent of a “tween” who’s allowed to freely roam the neighborhood (but not…
Read MoreWith an eye for what’s next, longtime operator and VC Josh Elman gets pulled into Apple
Josh Elman is moving over to Apple, he announced on Twitter today, saying he will be focused on the company’s App Store and helping “customers discover the best apps for them.” Asked for more details about his new role, Elman referred us to Apple, which confirmed his employment but declined to offer more, including about…
Read MoreVista acquires Gainsight for $1.1B, adding to its growing enterprise arsenal
Vista Equity Partners hasn’t been shy about scooping up enterprise companies over the years, and today it added to a growing portfolio with its purchase of Gainsight. The company’s software helps clients with customer success, meaning it helps create a positive customer experience when they interact with your brand, making them more likely to come…
Read MoreInfogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT
Infogrid, an IoT startup which can retrofit an existing building to make it “smart”, has raised $15.5 million. The Series A funding round was led by Northzone, with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, an unnamed real estate investment group and an unnamed large international asset owner, although one report…
Read MoreUnion Labs believes uniting VC and corporate expertise can help startups solve ‘hard tech’ problems
Chris Kim and Nate Williams formed Union Labs with the conviction that investors and companies aren’t collaborating closely enough to ensure the success of the startups they back. Kim is the former co-founder and chief technology officer at the automatic lock company August. He first met Williams when the company was attempting to create a…
Read MoreStrike first, strike hard, no mercy: How emerging managers can win
TX Zhuo Contributor Share on Twitter TX Zhuo is the managing partner of Fika Ventures, focusing on fintech, enterprise software and marketplace opportunities. More posts by this contributor A COVID-19 resilience test for B2B companies Discovering that deckhands make great waiters — and why this matters Huston Collins Contributor Share on Twitter Huston Collins is…
Read MoreEveryAction acquires Mobilize, the Democratic volunteering platform
Nonprofit donor management platform EveryAction is buying Mobilize, a company that connects Democratic campaigns to volunteers and helps marshal activists toward progressive causes. Mobilize, formerly known as MobilizeAmerica, grew out of Higher Ground Labs, an incubator focused on leveraging tech for left-leaning political causes and campaigns. With the acquisition, EveryAction can now extend Mobilize’s organizing…
Read More5 reasons you don’t want to miss out on TC Sessions: Space 2020
We’re just about two weeks away from launching TC Sessions: Space 2020, our first focused foray into early-stage space startups and the essential satellite industries that support them. Buy your pass and join us on December 16-17 for two days packed with all the right stuff, including untapped opportunity. Still looking for a reason to…
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