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

TechCrunch

The company’s last fundraise was in July 2019, when Compass — a company that has built a three-sided marketplace for the real estate industry, along with a wide set of algorithms to help make it work — raised a $370 million round of funding. The company’s revenues have increased from $186.8 million in 2016 to a whopping $3.7

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

When Chijioke Dozie, the CEO, spoke to TechCrunch in 2019, he cited recruitment purposes and clientele trust as reasons why the company made its financials public — an exercise it has done every second quarter for two years. It’s a tradition Dozie hopes the company will keep this year. .

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Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

TechCrunch

Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Magnets and water net Magnotherm $6.9M Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy.

.Net 228
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Airbnb files to go public

TechCrunch

What changed from the first three quarters of 2019 to the first three quarters of 2020? billion in the first three quarters of 2019 to just $545.5 Airbnb’s growth continues in year-over-year terms right until the March 31, 2020 quarter, when it was effectively flat compared to Q1 2019. million in the same period of 2020.

.Net 359
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Encouraging Innovation in an Established Product Culture

Speaker: Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies

Build a tolerance for failure, willingness to experiment, and a psychological safety net. May 9, 2019 11:00 AM PDT, 2:00 PM EDT, 7:00 PM BST Join this webinar to learn how to: Turn a stagnant culture into an attention culture with highly collaborative team dynamics. Overcome product bias, feature orthodoxy, and embrace simplicity.

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Will ride-hailing profits ever come?

TechCrunch

Uber’s revenue fell from $13 billion in 2019 to $11.1 billion in 2019 to a far-smaller $2.4 billion in 2020 , an improvement from its 2019 loss of $8.51 However, if you lean on Uber’s definition of adjusted EBITDA, its 2019 and 2020 losses fall to $2.73 But the decline in demand harmed both companies.

.Net 302
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Nerdy, a tutoring marketplace startup, is going public via SPAC

TechCrunch

Drilling into its realized results instead of its more-favorable annualized performance from its third and fourth quarters of 2020, Nerdy saw estimated revenues of $106 million in the year, up just 16% from its 2019 result. That particular realm of expense rose from $38 million in 2019 to an estimated $44 million in 2020.