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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

The average cost of shipping a standard large container reached $10,000 in 2021 , but from 2015 to 2020, the number largely trended below $2,000. The spike in cost was in part due to an increase in global consumption, ports shut down by COVID-19 and supply chain disruptions during the outbreak, the founder explained.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

Joseph Rehmann founded Victory Farms in 2015. In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. The company recorded a 130% CAGR between 2017 to 2021.

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Nerdy, a tutoring marketplace startup, is going public via SPAC

TechCrunch

Nerdy will merge with TPG Pace Tech Opportunities (NYSE: PACE), a publicly traded SPAC since 2015. TechCrunch reviewed the Nerdy-SPAC investor presentation, which can be read here. Its 2020 estimates list an anticipated net loss of $23 million, which is more than it lost in 2019 but less than its 2018 deficit.

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Helion raises $2.2B to commercialize fusion energy

TechCrunch

Existing investors, including co-founder of Facebook Dustin Moskovitz, Peter Thiel’s Mithril Capital and notable sustainable tech investor Capricorn Investment Group also participated in the round. Round-leader Altman has been involved in the company as an investor and chairman since 2015. Animation courtesy of Helion Energy.

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.

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Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes

TechCrunch

Shameel Abdulla and Subbakrishna Rao, who both come from IT backgrounds, founded the company in 2017 after meeting years prior at Jiffstore, Abdulla’s second company that was acquired in 2015. He had looked at one of Abdulla’s companies for investment, but had decided against it due to his firm being a Series A investor.

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To Make It Big, Most Tech Startups Have A Limited Post-IPO Window To Turn Profitable

Crunchbase News

Covering tech startup IPOs generally involves writing about companies that lose money. But in most cases, even the most valuable one-time venture-backed technology companies went public before turning profitable. The Toronto company went public in 2015 and looks to have posted its first profitable year in 2020.