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Greetings on this beautiful Thursday. We still have doubts about Elon Musk and the twins. Connie has more about that. Amanda also handled the verdict in the case against Sunny Balwani of Theranos. Meanwhile, if you’re a startup founder, don’t forget to apply to be a part of the Startup Battlefield 200. The submission date is July 31. See you tomorrow! † Christine
The australiabusinessblog.com Top 3
- More to the story† manish is back with more details on the Vivo saga. Now the Chinese embassy in India says all these investigations that India is doing into Chinese companies are bad for business. Maybe, or maybe it’s that India is cautious.
- Raise your avatar: Reddit dives deeper into the NFT game by launching a new avatar marketplace, Ivan writes. The advantages? You don’t need a crypto wallet to buy one and you can use it on or off Reddit.
- Check that rating: YuLife raised its valuation to $800 million after securing $120 million in new financing, Ingrid reports. The life insurance company, which focuses on wellness and gamification, was previously valued at $70 million. Talk about your good business models!
Startups and VC
In this section, Mary Ann has another update on the saga she’s following this year, which is Better.com. In today’s episode, she writes about all the new hires who have joined the digital mortgage lender in recent months, one that even called it a “rebirth.”
How many apps do you use in your company? If it’s the average, according to the statistics, that’s about 110. Happeo raised $26 million to create an intranet portal for your company to connect employees to all apps, Kylea writes. That should make you happy, eh Happeo.
Here’s what else we have for you:
- invoice this† Mary Ann also wrote about billing software startup Adaptive’s $6.5 million raise, led by Andreessen Horowitz, which ironically included three companies all competing with each other.
- Another gets the horn: Tebra, an operating system for independent healthcare providers, is now a unicorn after raising more than $72 million in equity and debt, Catherine writes.
- Tebra, Traba; Traba, Tebrac: If the Great Resignation taught us anything, it’s that people are looking for flexible options, even entry-level ones. Kylea reports on Traba’s $20 million raise to match contractors with warehouse and fulfillment orders.
- No venture capital apocalypse yet: I liked it AlexLet’s take a look at how the US fared during the global venture capital market slowdown.
- From beds to insurance† JordanRanger’s $5.25 million round insurance startup report answers the question of what former Casper CEO Philip Krim has been up to since he left the bed company.
- Super growth of super plants: Enjoy my story about Phyto, a hardware and software company that helps farmers grow aquatic plants using robotic automation.
- Who calls who a “dinosaur”?† Mike reports that Headline VC may have been in the venture capital game since 1999, but armed with $950 million in new pledges across three funds, it still proves it looks more like the Energizer Bunny than a fossil.
Roe reversal weighs heavily on emerging tech cities in red states
On June 24, Khadijah Robinson planned to offer a woman a job. Founder of Atlanta-based tech startup Nile, she spent 3 years scaling the platform, which connects consumers with black online businesses. That Friday, she was thrilled to finally find someone willing to move from California to Georgia to help grow the business.
But by early afternoon, the offer had been put on hold: The U.S. Supreme Court had overturned Roe v. Wade just hours earlier, which worried Robinson. “As a founder and CEO, I now have to think long and hard about asking women to move to a state that is likely to legislate against them very soon,” she tweeted. “I’m so tired.”
(australiabusinessblog.com+ is our membership program that helps founders and startup teams move forward. You can register here†
Big Tech Inc.
In today’s Big Tech news, Meta has taken another step by moving away from Facebook logins as its metaverse ID system, Luke reports. One of the advantages is that you don’t need Facebook credentials to play games and use the Quest software. Speaking of Quest, Amanda gives you a glimpse into Meta’s next VR headset. In the meantime, Natasha provides an update on the Irish Data Protection Commission preparing a decision regarding Meta’s data transfers between the UK and the US
As you can see, here at australiabusinessblog.com we like to follow a good saga, and annie delivers another, giving us an update on Flutterwave. The company now denies the claims made against the company for money laundering and fraud.
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