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After settling a patent infringement lawsuit filed against it by Peloton, fitness startup Flywheel will stop offering its At Home online classes on March 27. Current Flywheel At Home customers were emailed a trade-in offer for Peloton bikes.
Peloton said the replacement bikes are refurbished, but will function like new ones. The trade-in form needs
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- Category: Startup World
“I don’t feel good about that. That sucks,” Chrys Bader-Wechseler reflects when asked about the bullying that went down on the anonymous app Secret he co-founded in 2013. After $35 million raised, 15 million users and a spectacular flame out two years later, the startup was dead. “Since I left Secret I feel alive and aligned with my values and my
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Read more: Secret’s founder returns with anti-loneliness app Ikaria
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The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
1. HQ Trivia shuts down after acquisition falls through
HQ Trivia is dead. On Valentine’s Day, the company laid off its full team of 25. The company had a deal i
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Read more: Daily Crunch: HQ Trivia is dead
Write comment (96 Comments)Amid skyrocketing operating expenses, remote work has become an obsession for Bay Area founders looking to have it both ways, accessing Silicon Valley’s networks of capital and opportunity without paying steep premiums for talent.
Daniel Gross has a deeper understanding than most of Silicon Valley’s opportunities. The Jerusalem native was one of Y
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Read more: Ex-YC partner Daniel Gross rethinks the accelerator
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Video editing startup InVideo has new funding and a new product.
The San Francisco-headquartered company bills itself as the easiest way for anyone to create professional-quality videos, using a drag-and-drop interface along with a library of templates and stock photos and videos. The resulting videos can then be optimized for Facebook, Instagram,
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Read more: InVideo raises $2.5M and launches an automated assistant to make your videos better
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Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Late last week two Boston-based companies raised big rounds. The size of the two investments — each over the $100 million mark — and their rapid succession made them stand out.
The pair of investments raised a question: Is Boston
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Read more: Boston’s year jump starts as two local startups raise $520M in two rounds
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Over the past 12 months, Maven, the benefits provider focused on women’s health and family planning, has expanded its customer base to include more than 100 companies, and grown its telehealth services to include 1,700 providers across 20 specialties — for services like shipping breast milk, finding a doula and egg freezing, fertility treatments, s
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Read more: Expanding its women’s health benefits offerings for employers, Maven raises $45 million
Write comment (100 Comments)Robotic process automation — the ability to automate certain repetitive software-based tasks to free up people to focus on work that computers cannot do — has become a major growth area in the world of IT. Today, a startup called Aisera that is coming out of stealth has taken this idea and supercharged it by using artificial intelligence to help
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Americans are saddled with $1.2 trillion in auto loans, according to data collected by the Federal Reserve. And while that debt can be refinanced, even U.S. car owners who know it’s an option face a complicated task.
MotoRefi, a new fintech startup that was born out of QED Investors in 2017, says it has developed an auto refinancing platform that
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Read more: MotoRefi raises $8.6 million to bring its auto refinancing platform to the masses
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The 400,000 distribution yards located in the U.S. are critical hubs for the supply chain. Now one startup is aiming to make the yard truck — the centerpiece of the distribution yard — more efficient, safer and cleaner, with an autonomous system.
Outrider, a Golden, Colo. startup previously known as Azevtec, came out of stealth Wednesday to
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TC Early Stage SF goes down on April 28, and we are getting pretty damn excited about it!
The show will bring together 50+ experts across startup core competencies, such as fundraising, operations and marketing. We’ll hear from VCs on how to create the perfect pitch deck and how to identify the right investors for you. We’ll hear from lawyers on how
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Read more: New Early Stage speakers to talk fundraising strategies, growth marketing and PR
Write comment (98 Comments)Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years don’t worry — we’re not changing the main show.
Here’s last week’s episode with Danny Crichton and Bessemer’s Elliott Robinson which
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Read more: Equity Monday: Oyo’s losses, global growth concerns, and four early-stage rounds
Write comment (97 Comments)As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. SentinelOne — which provides a machine learning-based solution for monitoring and securing laptops, phones, containerised applications and the many other devices and services connected to a network — ha
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Kickstarter today announced that its staff has decided to unionize. The move reflects a broader movement for worker representation among tech employees. The site joins a growing list of companies whose staff and/or contractors have expressed public interest in unionizing, including Spin, Instacart and Pittsburgh-based Google technical workers,
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Read more: Kickstarter workers vote to unionize
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PullRequest, a startup that provides code review as a service, announced today that it was buying Moonlight, an early-stage startup that has built an online platform for hiring remote developers. The companies did not share the terms.
Lyal Avery, founder and CEO at PullRequest, says he bought this company to expand his range of services. “Our p
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Read more: Startup buys startup: PullRequest snags remote developer hiring platform Moonlight
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Earlier today TechCrunch covered the launch of a new, $450 million cybersecurity-focused fund, the second from venture group ForgePoint Capital.
The new vehicle, inventively named Fund II, will mostly focus on early-stage companies in the cybersecurity space. The fund’s timing is somewhat unsurprising. As we noted in our earlier coverage, the r
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Read more: Talking cybersecurity, SaaS and early-stage valuations with ForgePoint Capital
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Gojek has paid $30 million to take a minority stake in Blue Bird, one of the largest taxi operators in Indonesia, according to Bloomberg, which first reported that the deal was in progress last month.
Gojek’s stake in Blue Bird is worth $30 million. The taxi operator’s holding company disclosed in a regulatory filing earlier this month that it had
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Read more: Gojek reportedly buys 4.3% stake in Indonesian taxi company Blue Bird
Write comment (93 Comments)On Monday, budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered firm grows cautious about its aggressive expansion.
The six-year-old startup’s growing revenue, up from $211 million in financial year
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Read more: Oyo’s revenue surged in FY19, but its loss widened, too
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Weeks after Zomato acquired Uber’s food delivery business in India, its chief local rival is bulking up some ammunition of its own.
Swiggy, India’s largest food delivery startup, announced on Wednesday it has raised $113 million as part of its Series I financing round. Prosus Ventures, the biggest venture capital for food delivery startups, led t
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Read more: India’s Swiggy raises $113M led by Prosus
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SumUp, the London-based fintech company that enables small businesses to take card payments via its device and online, is launching its own pre-paid card in partnership with Mastercard.
Dubbed “SumUp Card,” the new offering will enable merchants to gain quicker to access funds collected via SumUp as it will no longer require money to be t
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Read more: SumUp launches Mastercard-powered ‘SumUp Card’ for business payments
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“Not gonna lie. This f*cking sucks. This is the last HQ ever!” yelled host Matt Richards . And it just got crazier from there.The farewell game of HQ Trivia before it shut down last night was a beautiful disaster. The hosts cursed, sprayed champagne, threatened to defecate on the homes of trolls in the chat window, and begged for new jobs. Imagine
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Read more: The drunken HQ Trivia finale before it shut down was insane
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Is “Twitter Stories” on the way? Or will we just get tools to send prettier tweets? Well now Twitter has the talent for both as it’s just acquired Chroma Labs. Co-founded by Instagram Boomerang inventor John Barnett, Chroma Labs’ Chroma Stories app let you fill in stylish layout templates and frames for posting collages and more to Instagram S
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Read more: Twitter acquires Stories template maker Chroma Labs
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Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve as neighborhood hubs.
The central role these stores play in their communities led GGV Capital to develop what the firm refers to as its mom-and-pop shop
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Read more: GGV Capital says mom-and-pop shops can boost e-commerce in emerging markets
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HQ Trivia is dead. Today the company laid off its full staff of 25 and will cease operation of its trivia, sports and word guessing games, a source close to the company confirmed.
HQ Trivia had a deal in the works to be acquired, but the buyer pulled out yesterday and investors aren’t willing to fund it any longer, CEO and co-founder Rus Yusupov sa
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Read more: HQ Trivia shuts down after acquisition falls through
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A new startup called Arize AI is building what it calls a real-time analytics platform for “observability” in artificial intelligence and machine learning.
The company is led by CEO Jason Lopatecki, who has also served as chief strategy officer and chief innovation officer at TubeMogul, the video ad company acquired by Adobe. TubeMogul’s co-founder
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Read more: TubeMogul, Uber alums launch Arize AI for AI observability
Write comment (93 Comments)Whatever lesson WeWork was supposed to teach, it doesn't appear to have made much impact

After WeWork exploded there was — at least supposedly — a change in sentiment among investors and founders alike. Gone were the days of easy nine-figure rounds, expensive growth, negative unit economics and the rest of the excess that Startupland has enjoyed ove
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Read more: So much for pessimism
Write comment (98 Comments)Want to spice up the bedroom without paying for pills or awkward visits to a sex therapist? A new app called Lover lets you take a sexual personality quiz, explore carnal knowledge tutorials and discretely figure out which turn-ons you share with your partner. Built by board-certified sexual medicine clinical psychologist Dr. Britney Blair, Lover
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Read more: Tinder founder funds sex tips app Lover
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Back in 2018, OurPath emerged as a startup in the U.K. tackling the problem of diabetes. The company helped customers fight the disease, and raised a $3 million round of funding by combining advice from health experts with tracking technology via a smartphone app to help people build healthy habits and lose weight.
Now rebranded as Second Nature,
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Read more: Noom competitor OurPath rebrands as Second Nature, raises $10M Series A
Write comment (96 Comments)Remember when Zenefits imploded, and kicked out CEO Parker Conrad. Well, Conrad launched a new employee onboarding startup called Rippling, and now he’s going after another HR company called Gusto with a new billboard, “Outgrowing Gusto? Presto change-o.”
The problem is, Gusto got it taken down by issuing a cease - desist order to Rippling
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Read more: Rippling starts billboard battle with Gusto
Write comment (100 Comments)In case you haven’t heard, VCs are loving on workplace software as of late, and productivity tools that help teams collaborate seem to be a particular frothy area of investment. A smattering of top VC firms and angels, including General Catalyst, First Round Capital, Bloomberg Beta, Biz Stone and Ellen Pao, are throwing their confidence behind a
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Read more: General Catalyst leads $6 million investment in team productivity startup Range
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