News

CostCertified, a Canadian startup which provides real-time, interactive residential construction estimates, raised $8.45 million in a seed round of funding. FUSE, a Pacific Northwest venture firm which counts former Microsoft CFO John Connors and Seattle Seahawks linebacker Bobby Wagner as venture partners, led the round.  The company is also backed by Y Combinator (having participated […]

Vlad Novakovski co-founded Lunchclub in 2017 as a way to improve professional networking. In 2020, the company made a large push toward videos (thanks, COVID) and eventually saw enough traction to raise a $24.2 million Series A at a valuation above $100 million. Nicole Quinn from Lightspeed Ventures lead the raise. We’re thrilled to have […]

VCs read pitch decks extremely quickly, which means that every detail holds the potential to get them to double down on a startup or just pass altogether. While crafting the high-level narrative is critical, of course, founders can’t skimp on the details either. That’s why every Disrupt, we host a session we call Pitch Deck […]

October 6, 2021 By Clara-Laeila Laudette MADRID (Reuters) – Spanish ride-hailing app Cabify will allow users to order groceries direct to their homes in nine cities including Barcelona and Madrid via a partnership with online supermarket delivery firm Lola Market, the companies said on Wednesday. A new crop of startups across Europe seeks to consolidate […]

October 6, 2021 MOSCOW (Reuters) – Russian President Vladimir Putin said on Wednesday that Europe had made a mistake by reducing the share of long-term deals in natural gas trade and moving to the spot market instead, where prices have surged to record highs. Gas prices have spiked in response to a recovery in demand, […]

October 6, 2021 BRUSSELS (Reuters) – The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European Parliament on Wednesday. The tax discussion at the plenary session of the EU parliament was added to the agenda […]

October 6, 2021 By Tangi Salaün and Ingrid Melander PARIS (Reuters) -“They were shooting us down like animals. As soon as a mobile phone rang, as soon as someone screamed, they fired,” Cedric Bouhour, 43, a survivor of the 2015 attack on the Bataclan concert hall, testified in a Paris court on Wednesday. Six years […]

October 6, 2021 By Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Scooping up stocks after pullbacks has been a winning bet for investors over the past decade but some Wall Street strategists are pointing to a multitude of risks that could come with jumping into equities after their latest tumble. The S&P 500 […]

October 6, 2021 VILNIUS (Reuters) – The Lithuanian government on Wednesday proposed to pay 100 euros to people aged 75 or old to take the COVID-19 vaccine, to boost the inoculation rate for the group, which lags in the European Union. “We are unable to convince them to vaccinate otherwise”, Prime Minister Ingrida Simonyte said […]

October 6, 2021 By Philip Pullella VATICAN CITY (Reuters) -A Vatican court on Wednesday cleared two priests charged in connection with alleged sexual abuse in a youth seminary in the Vatican between 2006 and 2012. Father Gabriele Martinelli, now 29, was accused of having forced a person identified only as L.G. to have sex, while […]

The Information broke some neat news earlier this week about The Athletic, the subscription sports media website that has raised lots of money and, per the report, spent lots of it. While we have all become inured to a degree regarding losses at quickly growing, venture-backed companies, seeing a media business lose software-style money was […]

Celonis, the late stage processing mining startup with a gaudy $11 billion valuation, announced a new partnership today, this one with ServiceNow. Celonis co-founder and CEO Alexander Rinke says that he and ServiceNow CEO Bill McDermott go back a long way together, and that working together should provide big benefits for the two companies.”With ServiceNow, […]

In yet another sign that automakers are determined to get ahead of the supply chain curve, General Motors said Wednesday it had signed a memorandum of understanding (MOU) with General Electric for the supply of rare earth materials, the kind used to manufacture electric vehicles and clean energy equipment. The non-binding agreement is with GE’s […]

October 6, 2021 (Reuters) -Chinese Estates Holdings, a major shareholder of embattled developer China Evergrande, said on Wednesday it had proposed to be taken private by Solar Bright Ltd for HK$1.91 billion ($245.30 million). Following the completion of the proposed deal, the entire stake in the company will be held by British Virgin Islands-based Solar […]

October 6, 2021 (Reuters) – Bank of America Corp said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025. Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining […]

October 6, 2021 (Corrects paragraph two to remove timeframe, adds 12-month timeframe to paragraph eight) By Nick Carey LONDON (Reuters) -British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to develop autonomous grocery deliveries that can handle tough traffic on busy city streets. Wayve’s technology […]

October 6, 2021 By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations. The IMF’s baseline forecasts for advanced economies shows headline inflation […]

October 6, 2021 By Natalia Zinets and Pavel Polityuk KYIV (Reuters) – Ukraine’s third-biggest bank suspended its chairman on Wednesday after a video was aired showing a scuffle in his office with journalists investigating the bank’s lending practices. State-run lender Ukreximbank said in a statement it had suspended Yevgen Metsger and apologised to the journalists. […]

October 6, 2021 By Sabine Siebold, Ivana Sekularac and Robin Emmott BRDO, Slovenia (Reuters) -The European Union’s 27 leaders promised future membership to their six Balkan neighbours on Wednesday, restating a pledge first made 18 years ago, but they brushed aside calls for a 2030 goal for fear of a backlash at home over migration. […]

Copper Banking, a digital banking service aimed at teens, announced today it has raised a total of $13.3 million in seed funding. PSL Ventures, an arm of Pioneer Square Labs, led a $4.3 million raise for Seattle-based Copper last year and an additional $9 million this year. Other investors in the fintech startup include Clocktower […]