Daily Crunch: Spotify and Ford make acquisitions – TechCrunch



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Welcome again to the Every day Crunch for Friday, June 18. Congratulations! You’ve made it to the tip of the week with out Alexander, who will return bright-eyed on Monday.

TechCrunch has the break day for Juneteenth, so this will likely be a tad pared down. And by “a tad pared down” I imply rather a lot pared down.

To start out off, how about you’ve gotten a hearken to the newest episode of our award-winning podcast, Fairness. Natasha and Danny managed to fill the half hour even sans Alex, so test it out.

TechCrunch Prime 3

Talking of podcasts, Spotify introduced it acquired Podz, a podcast discovery app. With increasingly more podcasts popping up in numerous classes, it’s getting tougher and tougher to choose ones you like, not to mention discover them. Spotify is hoping this may assist shore up its platform by offering quick clips that apparently offer you sufficient data to subscribe, or not, and preserve utilizing the platform on your podcast listening functions.

Spotify logo illustration

Picture Credit: TechCrunch

Ford is having fun with its EV second. The corporate simply introduced its E-Transit cargo van and F-150 Lightning Professional. The automaker has added to its EV secure with the acquisition of Electriphi, a battery administration and fleet monitoring software program startup.

And talking of fleets! Gopuff, an on-demand items, meals and alcohol supply service, acquired rideOS, a fleet-management platform. The $115 million acquisition ought to assist the corporate with its plans to increase into New York.

Startups and VC

Indian fintech startup BharatPe is in superior levels of talks to boost about $250 million in a brand new financing spherical led by Tiger World. The Collection E spherical provides the agency a pre-money valuation of $2.5 billion. The spherical hasn’t closed, so phrases could change, sources cautioned.

Extra fleet motion is afoot! KeepTruckin, a {hardware} and software program developer that helps trucking fleets handle automobile, cargo and driver security, raised $190 million in a Collection E spherical. The corporate, now valued at over $2 billion, hopes to take a position the dough into its AI-powered merchandise (GPS monitoring, ELD compliance and dispatch and workflow) and enhance its good dashcam, which it claims immediately detects unsafe driving behaviors like cellular phone distraction and shut following and alerts drivers in actual time.

Mediflash is a brand new French startup that desires to enhance temp staffing in healthcare services, resembling nursing properties, clinics and psychological well being services. The corporate acts as a market that connects well being services with caregivers who, it says, can anticipate extra income — as much as 20% — whereas services find yourself paying much less.

Huge Tech Inc.

The London-based Centre for Financial Coverage Analysis organized a few panel discussions to look at the necessity for markets-focused competitors watchdogs and consumer-centric privateness regulators to assume outdoors their respective “authorized silos” and discover artistic methods to work collectively to deal with the problem of Huge Tech market energy. Learn evaluation by Natasha Lomas in regards to the conversations, which introduced collectively key regulatory leaders from Europe and the U.S. She says the discussions offered a glimpse into what the longer term form of digital markets oversight would possibly seem like at a time when contemporary blood has simply been injected to chair the FTC


The U.Okay.’s chief knowledge safety regulator has warned over reckless and inappropriate use of dwell facial recognition in public locations. The knowledge commissioner, Elizabeth Denham, famous that a variety of investigations already undertaken by her workplace into deliberate purposes of the tech have discovered issues in all circumstances.

Revisiting EC-1s

Because it’s an off day for us right here, now’s an ideal time so that you can compensate for the EC-1s we’ve printed to date this 12 months. Seize just a few buckets of popcorn and your beverage of selection and settle into some weekend studying.


Tonal is a novel entrant within the upscale health market, utilizing a proprietary mix of {hardware}, software program and content material to deliver complete energy coaching to the house in as small and environment friendly of a package deal as doable. (Written by JP Mangalindan)


StockX sits on the nexus of two radical transitions that isn’t simply redefining markets, however our tradition as nicely. StockX’s online-only market is used for getting and promoting sneakers, streetwear, electronics, collectibles, purses and watches which might be primarily sneaker and streetwear culture-adjacent. Now valued at $2.eight billion, StockX has facilitated over 10 million transactions. (Written by Rae Witte)


Klaviyo helps entrepreneurs personalize and automate their electronic mail messaging to prospects. It might not be a family title to customers (at the least, not but), however in some ways, this startup has turn out to be the usual by which electronic mail entrepreneurs are judged right this moment, triangulating towards veterans Mailchimp and Fixed Contact and using the e-commerce wave to new heights. (Written by Chris Morrison)


Duolingo is a language-learning app that’s utilized by 500 million folks internationally to be taught Spanish, English, French and extra, all whereas producing bookings of $190 million in 2020. It’s a smashing success, however a hit that was hard-earned after a years-long effort of product and income experimentation to seek out its present area of interest within the edtech house. (Written by Natasha Mascarenhas)


If expense administration is about avoiding company plunder, then letting the pirates and hackers run the ship might be the perfect method. And now, Expensify is plundering the company spend world one journey ticket and enterprise meal at a time simply because the world is rebuilding within the wake of COVID-19. (Written by Anna Heim)


Brazil’s banking system is a large market, and one ill-served by incumbents. If somebody may thread the needle of product growth, technique and political horse buying and selling required to construct a financial institution in a rustic the place it’s practically unimaginable for foreigners to personal or spend money on a financial institution, it might be one of many nice startup and financial success tales of this century. Nubank is on its technique to realizing that goal. (Written by Marcella McCarthy)


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