Daily Crunch: Snap spends more than $500M to acquire AR display startup WaveOptics – TechCrunch



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Welcome to Each day Crunch for Might 21, 2021. Closing out the week, bitcoin dropped sharply right this moment on (extra?) information from China about attainable restrictions on cryptocurrencies extra broadly. Relying in your priors, the newest information is only FUD, or it’s indication that Bitcoin and buddies are horrible inflation hedges. Decide your poison! Regardless, we’ve a grip of startup information to get to, so off we go! — Alex

The TechCrunch High 3

  • Snap spends a half billion on AR: Yesterday’s information from shopper photograph large Snap didn’t cease with the corporate plunking down $500 million for WaveOptics, which we reported “makes the waveguides and projectors utilized in AR glasses.” That positive seems like Snap gearing up for eventual mass manufacturing? Proper?
  • Startups coronary heart farming: TechCrunch lined an enormous $65.5 million Sequence B for Indonesian startup TaniHub Group right this moment. A part of what it does is mortgage capital to farmers forward of their harvests. In associated information, ProducePay raised $43 million earlier this week to do one thing comparable in Latin America. There’s notable startup exercise, then, on the intersection of agtech and fintech.
  • Cell gaming is larger than you thought: Do you know that former gaming darling Zynga is within the midst of a comeback? Cell gaming, its core focus, had an enormous 2020, resulting in the corporate posting document Q1 outcomes. Using the identical approach is Jam Metropolis, one other cell gaming store goes public. Extra right here.

Startups and VC

To spherical out the week, how about a couple of smaller enterprise capital rounds? We now have a quantity from right this moment which are nicely price our time:

Secai Marche raises $1.4M for farm-to-table meals distribution: We don’t cowl sufficient Japanese startups, frankly, however right here’s to doing higher. Tokyo-based Secai Marche is constructing a B2B “logistics platform for farmers that promote to eating places, accommodations and different” meals and beverage corporations, and we predict it’s neat. Rakuten and Past Subsequent equipped the capital.

Mio raises $1M to convey social commerce to rural Vietnam: Shortly rising e-commerce market Vietnam is seeing rising penetration in main cities. Mio desires to convey e-commerce to smaller cities and rural areas. Per our reporting, it’s “constructing a reseller community and logistics infrastructure that may supply next-day supply to Tier 2 and three cities.” Our current could also be another person’s future, so it’s swell to see startups convey the newest to extra people.

To spherical out our spherical protection right this moment, a barely bigger deal for a mental-health targeted service:

Wysa raises $5.5M for AI-powered psychological well being: That is at a minimal cool on paper. We’ll should get a while with the service because it evolves by means of time, however TechCrunch studies that “Jo Aggarwal, the founder and CEO of Wysa, is hoping you’ll discover it simpler to open up to a robotic. Or, put extra particularly, “‘emotionally clever’ synthetic intelligence.” I, for one, welcome our robotic mental-health overlords. Jokes apart, there’s a therapist scarcity on this planet, and if Wysa might help extra people deal with their psychological well being higher, we’re all for it.

5 predictions for the way forward for e-commerce

America is among the world’s most superior economies, however till fairly just lately, South Korea and China had a lot larger e-commerce penetration.

American shoppers and corporations are closing that hole. In 2016, the proportion of complete retail spend the place the products have been purchased and bought on-line within the U.S. was about 8%. Right this moment, that determine is nearer to 17%.

Regardless of the final twenty years of disruption, we’re nonetheless within the early days of e-commerce. However as extra retailers of each measurement begin making their items and companies accessible on-line, we’ve reached an inflection level.


In an unique report for Additional Crunch, Ethan Choi, a companion at Accel, affords 5 well-researched predictions about the place e-commerce is heading by way of D2C and the general enablement panorama.

“We’re coming into what we at Accel imagine is ‘the golden age of D2C e-commerce,’” says Choi.

(Additional Crunch is our membership program, which helps founders and startup groups get forward. You may join right here.)

Large Tech Inc.

Right this moment we’ve to stretch the Large Tech portion of this article to incorporate entities even bigger than the most important know-how corporations, particularly governments.

The Indian authorities is mad at tech corporations but once more. This time it’s Twitter’s flip. Per TechCrunch, New Delhi “has expressed sturdy objection to Twitter for classifying tweets by Indian politicians as ‘manipulated media,’ and individually requested social media corporations to take away posts that discuss with an ‘Indian variant’ of the coronavirus.”

A number of ideas right here: One, Twitter goes to should navigate an more and more difficult international local weather totally free speech basically. And work out deal with governments’ reactions to its selections on labeling content material. That’s going to be arduous. And asking a social service to blanket-ban a selected phrase goes to be primarily unimaginable. In spite of everything, even in China, the place banned phrases on social media are widespread, people have discovered myriad methods across the restrictions. So, good luck, Indian authorities.

On a associated notice, if you’re all in favour of privateness extra usually, what’s happening within the European Union concerning information safety is fascinating.

Shifting again to the world of company information, Spotify is lastly bringing offline listening to the Apple Watch. For runners, that is large information. Our personal Brian Heater is hype in regards to the replace.

To shut us out right this moment, the Fairness podcast group has ideas on the expansion in company “media” and what it means for unicorns and different massive know-how corporations.


Two fast issues heading into the weekend: Ford’s new electrical truck seems cool, however you, our readers, are hodling out for Tesla’s Cyber Truck. When you’re a founding father of a startup of any stage and need to attempt your pitch out on some actually cool buyers … then Additional Crunch Dwell is the place to go. Try this week’s pitch by Capri Cash. From the viewers to the stage, similar to that! See you there subsequent week.

TechCrunch Consultants: E-mail Advertising

Intellect illustration

Picture Credit: Getty Photographs

We’re thrilled with the responses to our survey in regards to the high e-mail entrepreneurs. It’s not too late to weigh in: Fill out the survey right here.

Along with giving founders who reply to the survey a reduction to a brand new Additional Crunch subscription, we’ll be that includes a few nominations in Each day Crunch beginning subsequent week!

When you’re a progress marketer, move the survey on to your purchasers — we’d love to listen to from them!

To seek out out extra particulars about this venture and the way we plan to make use of it to form our editorial protection, go to techcrunch.com/specialists.

TC Eventful

The Additional Crunch Dwell social gathering carries on into June, with new episodes connecting you with a few of tech’s greatest names.


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