Valoreo raises $30M more to acquire e-commerce brands across LatAm

Just over five months after securing $50 million in debt & equity, Valoreo has closed on a $30 million Series A funding round. Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to the Latin American consumer. Valoreo […]

Amazon’s market power to be tested in Germany in push for ‘early action’ over antitrust risks

Germany’s Federal Cartel Office (FCO) is seeking to make swift use of a new competition tool to target Big Tech — announcing today that it’s opened a proceeding against e-commerce giant Amazon. If the FCO confirms that Amazon is of “paramount significance for competition across markets” — as defined by an amendment to the German […]

Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech […]

Valoreo closes on $50M to roll up LatAm e-commerce brands

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Embedded finance startup Banxware raises €4M seed

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VC’s largest funds make big bets on vertical B2B marketplaces

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Millions downloaded dozens of Android apps from Google Play that were infected with adware

Security researchers have found dozens of Android apps in the Google Play store serving ads to unsuspecting victims as part of a money-making scheme. ESET researchers found 42 apps containing adware, which they say have been downloaded more than 8 million times since they first debuted in July 2018. These apps look normal but act […]

China’s growing digital influence in Africa

There’s been a heap of China in Africa coverage over the last decade, but very little of it is focused on tech. In part, because the country’s engagement with African startups is light compared to its deal-making on infrastructure and commodities. Now, that all looks to be shifting. TechCrunch has tracked moves by a number […]

Apple tweaks its App Store algorithm as antitrust investigations loom

That Apple has used its App Store to offer itself a competitive advantage is nothing new. TechCrunch and others have been reporting on this problem for years, including those times when Apple chose to display its apps in the No. 1 position on the Top Charts, for example, or when it stole some of the […]

Downloads needed to rank No. 1 on App Store is down 30+% since 2016 for apps, up 47% for games

With the App Store’s big makeover in fall 2017, Apple attempted to shift consumers’ attention away from the Top Charts and more toward editorial content. But app developers still want to make it to the No. 1 position. According to new research from app store intelligence firm Sensor Tower, it’s become easier for non-game apps […]