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Reef.ai is helping companies track and expand net revenue retention

TechCrunch

When it comes to measuring SaaS success, companies look at a number of key metrics, including annual recurring revenue (ARR) and net revenue retention (NRR). We call ourselves a net retention engine, and there’s nothing out there that really focuses on that as a specific goal,” he said. Today, the company announced a $5.2

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Scientists repeat breakthrough fusion experiment, netting more power than before

TechCrunch

The fact that scientists have achieved net-positive fusion power twice should hearten investors , who bet over $4 billion on the industry in 2021 and 2022. While the most recent experiment won’t garner quite as many headlines as the one in December, it’s just as important. A breakthrough is meaningless if it can’t be replicated.

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For its part, PayPal in the third quarter signed up 15 million net new active accounts (its highest ever). As a category, retail e-commerce grew 35% YoY as of Q3, propelling PayPal and Shopify to add over $160 billion of market capitalization over the year.

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Electric automaker Rivian valuation pops above GM, Ford in biggest IPO of 2021

TechCrunch

To say that investor demand has been frenetic is perhaps the understatement of 2021. In the first half of 2021, the company spent $683 million on R&D.). As a result, net losses have expanded as it prepared for production of the R1T pickup truck and R1S SUV. Underwriters also had an option to buy up to 20.25

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Lime touts a 2020 turnaround and 2021 profitability

TechCrunch

Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first — and is on pace to be full-year profitable, excluding certain costs (EBIT), in 2021. Perhaps the most bullish data point from Lime is that it expects to be full-year profitable in 2021.

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

TechCrunch

That growth rate is slower than what it managed in 2019, some 26% growth, and is around half of what it anticipates for 2021, namely 31% growth. But Nerdy has even stronger projections for 2022, a year in which it expects to drive revenues of $198 million, up 43% from its 2021 expectation of $138 million. 2021: A SPAC odyssey.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Founded in : 2021. Founded in : 2021. Founded in : 2021. Founded in : 2021. Founded in : 2021. Founded in : 2021. Here we list the startups in alphabetical order, providing more details about each of them, as well as context around what they are building and why YC is backing them. beU delivery.

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