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Daily Crunch: Robinhood raises $1B

Daily Crunch: Robinhood raises $1B

Robinhood caps a wild week for brand spanking new funding, Coinbase goes public and Johnson & Johnson reveals new vaccine trial knowledge. This is your Daily Crunch for January 29, 2021.

The large story: Robinhood raises $1B

I do know the publication has been dominated by Robinhood and inventory market information for the previous few days however, nicely, so have the headlines.

The newest information is that after reportedly tapping its credit score strains, Robinhood raised $1 billion in new funding from present traders. It appears the corporate wanted the cash with the intention to meet regulatory minimums and different necessities tied to customers’ buying and selling exercise.

Meanwhile, the SEC has issued a press release that doesn’t particularly point out Robinhood or GameStop by title, but it surely says that “excessive inventory value volatility has the potential to show traders to speedy and extreme losses” that might “undermine market confidence.”

The tech giants

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You can now give Facebook’s Oversight Board suggestions on the choice to droop Trump — The board says the purpose of the general public remark course of is to include “numerous views” from third events who want to share analysis that may inform their choices.

Uber’s Autocab acquisition will get eyed by UK competitors watchdog — Autocab makes reserving and dispatch software program for the taxi and private-hire automobile business.

Startups, funding and enterprise capital

Coinbase goes public by way of direct itemizing — The firm has raised over $540 million in funding as a non-public firm.

Firehawk Aerospace extends seed funding to $2.5M with $1.2M from Harlow Capital — Firehawk has developed a brand new type of hybrid rocket gas that drastically enhances rocket launch security, value and transportation utilizing additive manufacturing.

SoftBank earmarks $100M for Miami-based startups — The fund will again corporations which can be in Miami or plan to maneuver there.

Advice and evaluation from Extra Crunch

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Customer advisory boards are a gold mine for startup model champions — Some concerns to make sure your buyer advisory board is successful.

Rising African enterprise funding powers fintech, clear tech bets in 2020 — The Exchange appears at a report from Briter Bridges, a analysis group that focuses on Africa’s personal capital market.

Subscription-based pricing is lifeless: Smart SaaS corporations are shifting to usage-based fashions — That’s based on Open VP of Growth Kyle Povar.

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can join right here.)

Everything else

Johnson & Johnson’s COVID-19 vaccine is 85% efficient in opposition to extreme circumstances, and 66% efficient total per trial knowledge — Johnson & Johnson’s vaccine is a single shot slightly than a two-course remedy.

‘Frozen’ CG snow and crash-test cadavers supply hints for 60-year-old Russian thriller deaths — New analysis makes use of simulation strategies from a number of eras to advance what is maybe the least implausible rationalization for a tragic thriller.

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Reap large advantages once you attend each TC Early Stage 2021 occasions — TechCrunch Early Stage is a two-day digital bootcamp that offers early founders entry to main consultants.

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