article thumbnail

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. The company’s revenues have increased from $186.8

.Net 260
article thumbnail

Fintech startup Vise brings on Andrew Fong (formerly Dropbox) as CTO

TechCrunch

Vise , a fintech firm that focuses on helping financial advisors rather than automating them out of existence, has today announced that it is bringing on Andrew Fong as its chief technology officer. Trillions are at stake in the retirement wars, and Vise nets $14.5M from Sequoia to manage it.

CTO 265
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

COP28: How Du and Ericsson’s partnership is supporting UAE Net Zero Strategy

CIO

Ericsson and Du, from Emirates Integrated Telecommunication Company (EITC) have partnered to support the communications service provider to enhance the sustainability of its networks and accelerate their transition to Net Zero by reducing network energy consumption and carbon emissions.

.Net 148
article thumbnail

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. The company employs 10 people around the world and plans to double its headcount in the coming months.

.Net 199
article thumbnail

Pivoting from offline into virtual events for enterprises nets Tame a $5.5M seed round

TechCrunch

million, a large round for its native Denmark, led by VF Venture (The Danish Growth Fund), along with byFounders and three leading angels: Mikkel Lomholt (CTO and co-founder, Planday); Sune Alstrup (Ex-CEO and co-founder, The Eye Tribe); and Ulrik Lehrskov Schmidt. The result is that it has now raised a seed round of $5.5

article thumbnail

Yet another Zomato co-founder leaves the firm

TechCrunch

Zomato said on Monday its co-founder and chief technology officer Gunjan Patidar has left the firm, the latest in a series of departures at the Indian food delivery firm whose shares have lost over 57% of its value in the past year. The company, which went public mid-2021, reported a net loss of $30.4

.Net 252
article thumbnail

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

TechCrunch

Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Robert Nyangate is the company’s CTO. ” Founders : Tobi Ololade, the CEO, was the chief technological officer of TradeBuza, a data and API infrastructure for agriculture finance.

.Net 228