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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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To Make It Big, Most Tech Startups Have A Limited Post-IPO Window To Turn Profitable

Crunchbase News

Covering tech startup IPOs generally involves writing about companies that lose money. But in most cases, even the most valuable one-time venture-backed technology companies went public before turning profitable. The Toronto company went public in 2015 and looks to have posted its first profitable year in 2020.

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In edtech, history matters: Reach Capital just closed its largest fund to date

TechCrunch

Reach Capital, one of the first venture firms to focus exclusively on edtech, closed its last investment vehicle during an unprecedented boom within tech. Fast-forward two years, we’re now in a different world, socially, politically and technologically. billion last year, down 49% from the year prior.

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Nerdy, a tutoring marketplace startup, is going public via SPAC

TechCrunch

Nerdy will merge with TPG Pace Tech Opportunities (NYSE: PACE), a publicly traded SPAC since 2015. TechCrunch reviewed the Nerdy-SPAC investor presentation, which can be read here. In the second half of 2020, Nerdy’s annualized revenue surpassed $120 million. The deal will value Nerdy at $1.7 Nerdy is not yet profitable.

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Why Nigeria leads the way in YC’s participation in Africa

TechCrunch

Those numbers decreased to $307 million, or 21% of the continent’s total, the following year, though 2020 was a venture capital year much impacted by outside forces. YC W22 batch nets 24 African startups, including 18 from Nigeria. In 2019, startups based in Nigeria attracted $747 million, or 37% of Africa’s total VC investment.

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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

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Coinbase files to go public in a key listing for the cryptocurrency category

TechCrunch

Coinbase’s financials show a company that grew rapidly from 2019 to 2020. More than that, the company also crossed the threshold into unadjusted profitability; it’s common amongst quickly-growing tech companies to lean more heavily on adjusted profit and other more flattering metrics. million in the final quarter of 2020.

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