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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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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%.

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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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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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The half-billion-dollar profit swing that led to Better.com’s myriad layoffs

TechCrunch

TechCrunch in February reported that Sarah Pierce, who served as executive vice president of customer experience, sales and operations, and Emanuel Santa-Donato, who was senior vice president of capital markets and growth, were no longer with the digital mortgage company. The company’s $875.6 Last year Better.com’s revenue grew to some $1.23

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OpenSponsorship lands new capital to bring brands, athletes together

TechCrunch

She wanted to do something sporty for a career and “fell in love” with sponsorship marketing. Combining both of her passions, in 2016, she started OpenSponsorship , a sports sponsorship company, with Ron Nesbitt, and today, announced a $4 million growth round. Anand plans for expansion into new verticals, sales and marketing.

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