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It’s hot around the world and even hotter in today’s newsletter. We’ve sourced a steaming pile of TechCrunch goodies for you to wolf down. If you can believe it, it’s only Tuesday. — Christine and hey
The TechCrunch Top 3
- Well, that’s one way of doing propaganda: Search engine giant Google was beaten by Russia with $375 million for failing to remove certain content Ivan writes. Much of it was on YouTube and related to the invasion of the country and subsequent war with Ukraine. The fine came a month after Roskomnadzor, Russia’s telecoms watchdog, warned the company it could face penalties for violating local laws.
- thriving business: Bloom, a Sudan-based fintech, has raised $6.5 million from a bevy of investors including Y Combinator, GFC and Visa. Notably, the partnership with Visa made Bloom the first Sudanese startup to be included in Visa’s Fintech Fast Track program. days reports.
- Stream and shop: Or in this case streaming while Shopping. YouTube and Shopify have partnered to enable YouTube creators to connect their stores and display their products across their entire channel and leverage Shopify’s real-time inventory sync. aisha writes. This is part of YouTube’s introduction of new shopping features.
Startups and VCs
Also, a bunch of new funds were announced today. Jaquelyn reports that Tribe Capital raised $25 million to launch crypto incubator program. AM Ventures raised $100 million for industrial 3D printingwrites hey. and Valkyrie wants to raise $30 million for its new crypto VC arm, anita writes.
Then go ahead, here are a few more stories (and some wonderfully weird music by Cosmo Sheldrake to match):
- Ramp ramps increase speed growth: Maria Ann reports that Ramp reports accelerated sales growthwhich shows that fintech companies with a good product-market fit still have a lot of growth in them.
- Sims only: In a first for OnlyFans, the platform is investing in British creator Chloe Sims and her sistersreported Lauren.
- Like a museum but on the blockchain: Despite his usual concerns about crypto, we recognize hey via a rare blockchain story, ca Arkive and its building of the world’s first decentralized museum.
- Resourceful People: on TechCrunch+, kyle reports that Investors remain bullish on HR tech while the Great Resignation slows down.
- can happen: Persephone Biosciences is a biotech startup that — with the help of $15 million and a lot of poop – is building a library of the human microbiome that could do everything from facilitating digestion to fighting serious diseases, reports Dewin.
- ⬛⬛⬛ to the ⬛⬛⬛: kyle reports that Strac, a company that automatically redacts sensitive information on Slack, OneDrive, and other platforms, was approached $3.5 million seed investment.
Can Medicare Save the Insurtech Market?
In 2020, the US spent nearly 20% of its GDP on healthcare. Every day, approximately 11,000 people turn 65 and become eligible for Medicare, a federally funded health insurance program that is enrolling new patients faster than ever.
Companies that can help consumers navigate the complicated Medicare market have a huge opportunity: “The average senior has 57 different plan options to choose from, and most can’t tell them apart,” said TX Zhuo and James Shecter of Fika Ventures .
They shared their six-point investing thesis with TC+ readers to show that Medicare is the “bright spark” that could “light up the entire insurtech market.”
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
If you are looking for an easier way to get through the airport, Alaska Airlines is here to deliver. The airline has a new electronic baggage tag that simplifies everything related to baggage screening. Frederick writes. We’re not sure this news could have come at a better time given what we’re hearing about flight shortages and thousands of bags being abandoned at airports around the world.
Another day, another story from Twitter and Elon Musk. We’re not sure what day it is in the Captain’s Log, but a judge has ruled that Twitter can proceed, and even expedite, its trial against Elon Musk. amanda reports.
In the meantime, Zack writes about BitSight, a cybersecurity startup that revealed a handful of vulnerabilities in a popular GPS tracker from Micodus. The vulnerabilities have potentially exposed millions of vehicle locations.
Let’s get into more, shall we?
Russia fines Google $374M for ‘illegal content’ over its Ukraine invasion – TechCrunch Source link Russia fines Google $374M for ‘illegal content’ over its Ukraine invasion – TechCrunch