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Venture capital undermines human rights

TechCrunch

The venture capitalists who run these firms decide which startups today will develop the new platforms and technologies that will shape our lives tomorrow. Venture capital firms need to institute human rights due diligence processes that meet the standards set forth in the UN Guiding Principles on Business and Human Rights.

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Zonos banks $69M to develop APIs for democratizing cross-border commerce

TechCrunch

Global cross-border e-commerce was estimated to be over $400 billion in 2018, but is growing at twice the rate of domestic e-commerce. Even if someone chooses not to purchase the item due to the fees being too high, MacLean believes the purchasing experience will be different because the pricing and shipping information was provided up front.

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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

Existing backers Point72 Ventures, 500 Startups and Envestnet | Yodlee also participated in the financing, which brings its total raised since its 2018 inception to nearly $19 million. But Productfy, unlike many other BaaS companies, is not just focused on developers. Today, they still have to have an engineering team to do that.

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LinkSquares benefits from the legal tech boom with a fresh $100M

TechCrunch

Demonstrating that there’s a robust market for contract management solutions, LinkSquares , a company developing intelligent software that helps brands maintain and ink new contracts, today announced that it raised $100 million in Series C financing led by G Squared. Modern legal teams need to cement their seat at the executive-level.

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YC, Khosla-backed Atmos lands $12.5M to design custom dream homes

TechCrunch

Atmos , a startup which has built an online marketplace that teams up homebuyers with builders and land developers to design and build custom homes, has emerged from stealth today with $12.5 It then teams up buyers with a “vetted builder partner.” . million raised in Series A funding round led by Khosla Ventures.

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‘High conviction, low volume’: Playfair launches $70M pre-seed fund for European startups

TechCrunch

One of them was Orca AI which was developing a collision-avoidance system for ships, and it was this company from a sea of samey startups that Playfair ended up investing in — both in its 2019 pre-seed funding round, and its follow-on Series A round two years later. There just wasn’t enough differentiation.”

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

The 1990s: Founding myth 1990: Mike Lynch, an academic in Cambridge, England, borrows—or so the legend goes—£2,000 to start Cambridge Neurodynamics, going on to develop the software that would later give rise to Autonomy. Lynch’s lawyers will later claim that HP executives spent just six hours in conference calls with his team.