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

TechCrunch

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.

.Net 260
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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

The Exchange explores startups, markets and money. But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market. Nubank has raised $2.3 On and on and on.

Marketing 260
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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

Kaiko Systems, which Fussek founded in 2020 with Eddy del Valle, the former CTO of freight-forwarding unicorn Sennder , provides a smartphone-based tool for front-line workers and inspectors to collect operational data onboard. “Shipping companies finally made their long-overdue investment in digitization,” said Fussek.

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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 2020. million in H1 2020 revenues, a figure that expanded to $181.6 NerdWallet generated $228.3

Marketing 236
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Rapid growth in 2020 reveals OKR software market’s untapped potential

TechCrunch

After all, how big could the OKR software market really be? The Exchange explores startups, markets and money. After OKR-focused Gtmhub announced its $30 million Series B the other day , The Exchange reached out to a number of OKR-focused startups we’ve previously covered and asked about their 2020 growth.

Software 202
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The air taxi market prepares to take flight

TechCrunch

Taking an eVTOL from design through to manufacturing and certification will likely cost about $1 billion, Mark Moore, then-head of Uber Elevate, estimated in April 2020 during a conference held by the Air Force’s Agility Prime program. Archer spent $21 million in R&D in 2020, according to regulatory filings.

Marketing 277
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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

eCommerce 294