Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at a $6B valuation

Digital mortgage lender Better.com has raised a $500 million round from Japanese investment conglomerate SoftBank that values the company at $6 billion. The financing is notable for a few reasons. For one, that new $6 billion valuation is up 50% from the $4 billion it was valued at last November when it raised $200 million […]

Facebook’s tardy disclosure of breach timing raises GDPR compliance questions

The question of whether Facebook will face any regulatory sanction over the latest massive historical platform privacy fail to come to light remains unclear. But the timeline of the incident looks increasingly awkward for the tech giant. While it initially sought to play down the data breach revelations published by Business Insider at the weekend by […]

Tech in Mexico: A confluence of Latin America, the US and Asia

Kevin Xu Contributor Kevin Xu is an early-stage investor and founder of Interconnected, a bilingual newsletter covering tech, business and U.S.-Asia relations. Mexico has been known as an up-and-coming tech hub and a gateway to the Latin American market. As an investor focused on developer-centered products, open-source startups and infrastructure technology companies with a particular […]

Facebook launches profile frames that help you encourage friends to get the COVID-19 vaccine

As COVID-19 vaccines are becoming more readily available to larger groups of the U.S. population, Facebook has teamed up with the U.S. Department of Health and Human Services (HHS) and Centers for Disease Control and Prevention (CDC) to launch new Facebook profile frames that allow users to share their support for getting vaccinated with their […]

Apple invests $50M into music distributor UnitedMasters alongside A16z and Alphabet

Independent music distribution platform and tool factory UnitedMasters has raised a $50M series B round led by Apple. A16z and Alphabet are participating again in this raise. United Masters is also entering a strategic partnership with Apple alongside this investment.  If you’re unfamiliar with UnitedMasters, it’s a distribution company launched in 2017 by Steve Stoute, […]

Facebook gets a C; startup rates the ‘ethics’ of social media platforms, targets asset managers

By now you’ve probably heard of ESG (Environmental, Social, Governance) ratings for companies, or ratings for their carbon footprint. Well, now a U.K. company has come up with a way of rating the “ethics” of social media companies. EthicsGrade is an ESG ratings agency, focusing on AI governance. Headed up Charles Radclyffe, the former head […]

Apple Maps adds COVID-19 travel guidance for over 300 airports worldwide

Apple has updated its native Maps app with more helpful information designed to assist with travel while mitigating the spread of COVID-19. Apple Maps on iPhone, iPad and Mac will now show COVID-19 health measure information for airports when searched via the app, either through a link to the airport’s own COVID-19 advisory page, or […]

Vibrant raises $7.5M for a drug-free mechanical pill to treat constipation

Vibrant, a medical technology company that’s developed a disposable vibrating pill to treat chronic constipation, today announced its Series E for $7.5 million. The company is based in Tel Aviv and is lead by Lior Ben-Tsur, a startup veteran. Since its founding in 2007, the company has raised a total of $25 million. This round […]

Pie Insurance raises $118M for data-driven workers’ comp coverage

Pie Insurance, a startup offering workers’ compensation insurance to small businesses, announced this morning that it has closed on $118 million in a Series C round of funding. Allianz X — investment arm of German financial services giant Allianz — and Acrew Capital co-led the round, which brings the Washington, D.C.-based startup’s total equity funding […]

Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. With more people in Latin America getting used to making purchases digitally, the company has experienced […]