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Latest Stories and News

Amid stock market turbulence, investing app Stash raises $112M led by LendingTree

  • TechCrunch
  • 1 month ago
  • As coronavirus-hit financial markets continue to flip-flop in the wake of bad news followed by pockets of hope, a startup that aims to introduce ordinary consumers to investing has raised a big round of funding.
  • New York-based Stash, which provides a mobile-first route to managing money through investment — as well as retirement, custodial and more routine banking — accounts has picked up $112 million, money that it will use to continue expanding its business, which as of this month had 4.5 million users and $1 billion in assets under management.
  • The Series F round is being led by publicly-listed online lending platform LendingTree, with accounts advised by T. Rowe Price Associates, Inc., Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and others participating. Several of these were previous investors in the company.
Amid stock market turbulence, investing app Stash raises $112M led by LendingTree

Startups pursue 'free money' with relief funds, prompting backlash

  • Nytimes
  • 1 month ago
  • Start-ups, which last year raised more than $130 billion in funding, have sometimes turned to the government loans not for day-to-day survival but simply to buy useful time.
  • In Silicon Valley parlance, they want to extend their “runway,” or cash on hand, to a year or more. Many are backed by venture capital investors, who have accumulated record sums of capital — $121 billion as of the start of this year — that could be used to keep companies afloat.
  • The start-up rush to tap the finite pool of government aid has stirred up a furious debate in Silicon Valley over whether these companies should have applied.
Startups pursue 'free money' with relief funds, prompting backlash

Arweave's Permaweb stops coronavirus censorship, raises $8M

  • TechCrunch
  • 2 months ago
  • The Chinese government has been removing criticism of its coronavirus response from apps like Weibo, the local equivalent of Twitter. But before it can, that content is being saved, decentralized and highlighted thanks to Arweave’s permaweb.
  • Today it’s announcing another $8.3 million in funding from Andreessen Horowitz, Union Square Ventures and Coinbase Ventures.
  • Arweave has developed a new type of blockchain based on Moore’s Law of the declining cost of data storage. Users pay upfront for a hundred years of storage at less than a cent per megabyte, and the interest that accrues will cover the dwindling storage cost forever.
Arweave's Permaweb stops coronavirus censorship, raises $8M
Managing partner at @Union Square Ventures and also founded Flatiron Partners.