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

TechCrunch

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. 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

.Net 228
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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

.Net 260
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Poshmark is pushing into the public market at a high-end valuation as the resale market sizzles

TechCrunch

According to its S-1, it produced net income of $21 million off revenue of $193 million during the nine months ended September 30, 2020, compared with a net loss of $34 million on revenue of $150 million during the same period in 2019. Forever 21, the fast-fashion mall staple, filed for bankruptcy in 2019.).

Marketing 206
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Canoo warns it may not have enough funds to bring EVs to market

TechCrunch

in after-market trading following the release of its earnings. The company’s vehicle designs, the first of which debuted in spring 2019, garnered praise and made it a buzzy EV startup. Canoo’s net loss reached $125.4 million in the same quarter last year, with net cash used in operating activities totaling $120.3

Marketing 237
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NerdWallet’s IPO filing reveals high-margin content business, accelerating marketing spend

TechCrunch

The company provides financial product recommendations to both consumers and SMBs, meaning that it dabbles in the same market that fintech startups play in. The Exchange explores startups, markets and money. million in revenues in 2019, a figure that rose only modestly to $245.3 of pre-IPO shares), and iGlobe Partners (6.0%).

Marketing 236
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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

Posting audited financials can prove detrimental for a private African company for several reasons ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well. million VC-backed company, Carbon was founded by Chijioke Dozie and Ngozi Dozie in 2012.

Banking 291
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The air taxi market prepares to take flight

TechCrunch

.” Just consider some of the expenses accrued by the biggest eVTOLs last year: Joby Aviation spent a whopping $108 million on research and development, a $30 million increase from 2019. Meanwhile, Joby’s net loss last year was $114.2 million, though, of course, neither company has brought a product to market yet.

Marketing 277