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The Golden Touch: Fintech Midas Raises $45M Series A in Turkey’s Thriving Equities Arena

Midas App
Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage Ventures of Canada. The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users. That’s in a country of 80 million,” Egem Eraslan, CEO and founder of Midas, told TechCrunch. The company has plans to expand beyond Turkey, and aims to target countries in the MENA region. Globally, Portage invests in transformational financial technology and Midas is poised to lead that initiative in a region of early adopters.”

“Screen Skinz Secures $1.5M in Funding to Revolutionize Custom Screen Protection”

Screen Skinz
Clay Canning had an idea while in high school: smartphone screen protectors that featured logos, right on the screen. “In December 2022, I resigned from my job to pursue building Screen Skinz with Clay full time.”Now, Screen Skinz can officially announce the closing of a $1.5 million seed round led by South Loop Ventures and Abo Ventures. The company produces custom, patent-pending phone screen protectors that feature personalized logos or slogans that are visible when the phone screen is black and then disappear when the phone is in use. The latest fundraise allowed Screen Skinz to move manufacturing from Asia to the U.S., allowing it to more easily control its supply chain. Screen Skinz next has some partnerships lined up and is focused on customer acquisition and deepening licensing relationships.

Rippling, the HR Startup, Nears $13.4B Valuation in Funding Talks, Surpassing Initial $11.25B Estimate

Techcrunch Disrupt Haje Kamps 831
HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B The round could total $870M, including $670M worth of secondaryLate stage HRtech startup Rippling is raising new capital. This will be Rippling’s Series F, and could raise its valuation to as high as $13.4 billion on a post-money basis, up from the $11.25 billion valuation it reached when it last raised capital in a $500 million Series E just a year ago. Rippling had raised $1.2 billion total previous to this round. Rippling competitor Gusto told TechCrunch that it reached $500 million in trailing revenue last year, along with cash flow positivity. Earlier this year Deel, which focuses on payroll for teams that cross borders, said that it had reached $500 million worth of annual recurring revenue.

“Paraform Secures $3.6 Million in Funding to Facilitate Networking Between Startups and Recruiters”

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The startup charges a listing fee (subscription fee) to publish jobs on the platform and a success fee when a hire is made. “The listing fee ensures buy-in from startups to the two-way marketplace and a commitment to the recruiters they’re working with,” Kim said. In addition to early- and late-stage startups, Kim said the platform also works with larger in-house talent teams to fill challenging roles. “More than 50% of our customers have great in-house talent teams, but they continue to post roles on Paraform. “We’re already branching out into research, science, manufacturing and defense roles due to the demand we’re seeing from potential customers,” Kim said.

Valuation of ShareChat falls below $2B in latest round of funding

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Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round, a source familiar with the situation told TechCrunch, marking a steep decline for the nine-year-old Indian startup that boasts over 400 million users in the South Asian market. It did not disclose the valuation at which the funds were raised but strongly denied that its new valuation was below $2 billion, asserting there was “no valuation” attached to the round. Existing investors including Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest have invested in the new round, the startup said. Their debt will convert to equity at a valuation below $2 billion in the next round, according to a source with direct knowledge of the terms. ShareChat was valued at $4.9 billion in a funding round it raised in mid-2022.

“Examining the Resurgence of Cruise Robotaxis and the Controversy Surrounding Ford’s BlueCruise on TechCrunch Mobility”

Cruise Robotaxi Texas
TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny Plus, a Faraday Future whistleblower case and humanoid robots in car factoriesWelcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. It was another wild week in the world of transportation, particularly in the EV startup and automated driving industries. Exoes, a French-based startup that developed battery cooling technology for EVs, raised €35 million ($37.5 million) from BpiFrance and Meridiam Green Impact Growth Fund. Both former employees have filed lawsuits claiming the troubled EV company has been lying about some of the few sales it has announced to date.

“Nearing a $500M Agreement: Noname Security, the API Startup, to be Acquired by Akamai”

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Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a person familiar with the deal. Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots. The startup raised $220 million from venture investors and was last valued at $1 billion in December 2021 when it raised $135 million in a Series C led by Georgian and Lightspeed. While the sale price is a significant discount from that valuation, the deal as it currently stands would be for cash, the person said. In February, Israeli news outlet Calcalist reported that Noname was in negotiations with several potential buyers, including Akamai.

“Guesty Acquires $130M with $900M Valuation to Simplify Airbnb and Beyond Listing for Property Managers”

Guesty Property Pool
Guesty — which has built a platform for accommodation managers to manage all aspects of their business on platforms like Airbnb, Vrbo and directly to travellers — has raised $130 million. Guesty’s close competitor Hostaway raised $175 million in May last year (its first ever big funding round). And Mews, which like Guesty builds SaaS but for hoteliers, raised $110 million at a $1.2 billion valuation last month (March 2024). First of all, Guesty wants to continue expanding its existing platform for current customers. Third of all, Soto said that Guesty wants to consider more acquisitions.

“Proxima Fusion Secures $21M Funding to Expand Groundbreaking ‘Stellarator’ Nuclear Fusion Technology”

Proxima Fusion
Venture capitalists’ appetite for fusion startups has been up and down in the last few years. The road to true fusion power remains long, but the kicker is that it’s no longer theoretical. He added the timeline was to be able to get to fusion energy by the mid-2030s. If we manage to get to that then the middle of the 2030s is possible.”The startup’s investors are equally convinced. And there are at least 43 other companies developing nuclear fusion technologies.

“Expanding Across Asia: TransferGo Secures $10M Funding, Doubles Valuation for Remittance Services”

Transfergo
It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to around $600M, from the $200M-$300M Dealroom valued it at back in September 2021. We achieved sustainability of the business and became profitable and we still have proceeds from the last funding round. We don’t need external capital to grow.”However, he saw the opportunity to raise funding from Asia to expand there. “We are still taking customers from incumbents: 75% come from cash, banks, and Western Union — that’s still the gorilla in the room.”He puts TransferGo’s growth down to focusing on the consumer experience.