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Byju’s edtech buying spree continues with $100M purchase of Austria’s GeoGebra – TechCrunch

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TechCrunch Top 3

  • Byju’s Acquires Austrian Educational Technology Startup GeoGebra: Indian education and engineering giant Byju’s is now reacquiring GeoGebra, a small company that TechCrunch describes as an “interactive and collaborative math learning tool.” The purchase price was reported to be about $ 100 million.
  • That terrible CEO is sorry about how he fired you. So far, Vishal Garg, CEO of Better.com, has withdrawn hundreds of millions of dollars from future funding to fund the company’s operations, but has a large staff of stilt video calls. I’ve watched a video that dismisses the part. He was surprisingly viral and TikToks began to mock his rather nasty way of dismissing lots of people before the holidays. Now he apologizes. I’m sure he’ll be in shape now and stop committing such a spectacular gaff. I’m sure.
  • Bet on Synthesia’s Corporate Avatar: Jordan Crook has written a $ 50 million round for startups betting on synthetic avatars and the task of turning PowerPoint into video. One of those ideas is that if it succeeds, it will appear obvious later. Today and the future is not so certain. Still, when it comes to doing something fresh, Synthesia is a good example of how startups can tinker with the digital world and perhaps, more generally, write new paths for business.

Startup / VC

Before entering the chunk of incremental startup news of the day, Ron Miller Created a new corporate venture capital fund for Twilio.. CVC isn’t a new idea, but its activity has skyrocketed in recent quarters. Companies like Coinbase are rewriting their rulebooks on how to invest from a corporate perspective.So it’s Huge I was shocked to see Twilio jump into the game.

  • And when it comes to new venture funds: TechCrunch today briefly introduces Black Ops Ventures. BlackOpsVentures is a new $ 13 million fund built to invest in the founders of Black. While some progress has been made in investing in start-ups founded by blacks more often (more equitably and in fact), the venture capital market remains significantly disproportionate. This is a step towards a fairer future.
  • Gadgets raise $ 8.5 million from good backers. Bessemer and Sequoia have collaborated to invest $ 8.5 million in a Canada-based gadget that builds software for developers. According to TechCrunch, startups “combine the tools, libraries, APIs, and best practices that developers need in one experience.” Frankly, DevOps is a huge industry, so this round doesn’t shock our sensibilities.
  • Software supply chains also need protection. Never before has we spent so much time discussing the supply chain as a society. You know that there are more ports than ever before.However Physical It turns out that the supply chain is not the only type out there.Chainguard raised $ 5 million for protection software This is an important project given the supply chain, where some cyberattacks target software dependencies to perform impressive hacks.
  • Electric boat? Boats may be a plaything for wealthy people, but they are also a pretty good way to pollute the planet. Candela wants to repair the second half of the preamble with an electric boat and has raised $ 24 million for the business.
  • Afero has raised $ 50 million for the IoT platform. The hype of the IoT is gone, and many companies are doing pretty well from the ashes.Samsara will be released next week — more here, As needed — and the security-focused IoT platform Afero has put together eight-digit capital to extend its own services.
  • Bento targets markets in Kenya, Rwanda and Ghana. Bento is a Nigeria-based “digital payroll and human resources management platform,” TechCrunch reports. Don’t expect to stay within the border. Startups are looking to six new markets next year. Of course, Payroll and HR software are big all over the world, so it’s not surprising to see Bento scaling well in the African market.
  • Lydia will add crypto to the platform and then $ 100 million to the account. TechCrunch pointed out that Lydia, an ambitious European financial superappli, has added both equity and crypto trading to its services. Today, the company announced a new $ 100 million round of funding. The company reminds us that the French startup scene shouldn’t be ignored.
  • Tipalti is currently worth $ 8.3 billion: Midmarket accounts payable automation may not be the most compelling topic in the world, but that fact doesn’t prevent it from making money. Bill.com is building a huge business to support SMBs in its financial back office, so Tipalti wants to help one level larger. It sucked $ 270 million with just a new $ 8.3 billion valuation. The company was worth only $ 2.2 billion when it raised $ 150 million last October.

Bay Area share of U.S. venture capital funds drops to lowest level in more than 10 years

Citylight illuminations and night map of the United States. 3D rendering

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Seven years ago, San Francisco Bay Area start-ups raised more than 40% of all US seed and early-stage venture funding.

However, according to the report “Beyond Silicon Valley” released today by investment companies Revolution and PitchBook, that percentage has dropped to 27% this year.

“It’s been more than 10 years since that percentage fell below 30%.” Reported by Mary Ann Azevedo, who interviewed the case and investigated the findings of the report.

She has identified several factors that are encouraging investors in major tech hubs to go out of their backyard in search of opportunities. Many readers will be surprised to find out from New York and San Francisco-based investors which cities are currently the biggest destination for the dollar.

“What is this momentum we are seeing now? You haven’t seen anything yet,” Case said.

(TechCrunch + is a membership program that helps founders and start-up teams move forward. You can sign up here.. )

Big Tech Co., Ltd.

  • Volkswagen Partners for EV Push: Things change slowly from time to time and then change all at once. Electric cars feel that way. After a slow slogan to a modest market share, EVs are exploding in popularity around the world. So Volkswagen has added three partners to help its own EV push, which was announced today.
  • TwitterTok? I don’t think we need to discuss this for a long time, but Twitter is working on a TikTok-style service. Why? do not understand.
  • And finally, Facebook is rolling out a new “professional” mode for creators, TechCrunch Report. sorry, Meta I did this. To my confusion, we are still writing “Facebook” on the check.

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Byju’s edtech buying spree continues with $100M purchase of Austria’s GeoGebra – TechCrunch Source link Byju’s edtech buying spree continues with $100M purchase of Austria’s GeoGebra – TechCrunch

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