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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

million in 2016 to a whopping $3.7 Given the startup’s agency model, most of that revenue is paid out directly to the firm’s agents, who netted about $3 billion in commissions in 2020. Compass posted a net loss of $270 million in 2020, a net loss roughly in line with what it has experienced in the past two years.

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

TechCrunch

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. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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Virtual HQs race to win over a remote-work-fatigued market

TechCrunch

Walk through Branch’s virtual HQ and there are all the normal details you’d find in an office on Market Street: There are meeting rooms, lunch tables, a literal watercooler and, yes, succulents on your co-worker’s desk. The total addressable market for professional, social gaming is murky. So far, it has raised $1.5

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

Our own representation of the public fintechs’ performance is the Matrix Fintech Index — a market cap-weighted index that tracks the progress of a portfolio of 25 leading public fintech companies. Fintech Index, 2016 -2020 Image Credits: CapiQ, Yahoo Finance. 2020 performance of individual fintech companies vs. Matrix U.S.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Quick thoughts : Off the back of DoorDash’s IPO, Y Combinator seems set on replicating that success in other markets, including Africa, where the likes of Glovo and Jumia Food are ramping up efforts to grab market share. What it says it does : Building Plaid for insurance in Africa. YC-backed Duplo raises $1.3M Website : [link].

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Bloomreach raises $150M on $900M valuation and acquires Exponea

TechCrunch

At the same time, the company announced it has acquired Exponea , a startup that gives Bloomreach a marketing automation component it had been missing. It also gains 250 net new customers, giving it a total of 750. Exponea was founded in 2016 in Slovakia and has raised over $57 million, according to Pitchbook data.

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Honeycomb scores $50M investment as observability platform thrives

TechCrunch

Honeycomb was founded in 2016 by two former Facebook engineers to create a new way of looking at application monitoring based on the internal tooling they had seen at Facebook. I think our stand-up metric here is that our net revenue retention is over 160%.