Sweden’s EQT Ventures closes a its third fund at €1.1B to double down on European and early-stage startups

November 9, 2022

Startups might be in a funding midwinter, but the ray of sun shining on some VCs speaks of a different trend. EQT Ventures, the venture fund arm of Sweden’s investment giant EQT making early-stage bets on startups primarily in Europe, has closed its latest fund and filled its coffers with 1 billion euros (and $1.1 […]

Sweden’s EQT Ventures closes a its third fund at €1.1B to double down on European and early-stage startups by Ingrid Lunden originally published on TechCrunch

Elon Musk sells 19.5 million Tesla shares worth almost $4 billion

November 9, 2022

Tesla CEO Elon Musk is selling millions of Tesla shares again. The celebrity executive disposed of 19.5 million shares Tuesday, which is worth about $3.95 billion, according to three filings with the U.S. Securities and Exchange Commission. Musk did not take to Twitter to explain why he sold shares, but it’s possible the money will […]

Elon Musk sells 19.5 million Tesla shares worth almost $4 billion by Rebecca Bellan originally published on TechCrunch

Electric Era wants to put an EV charger in convenience store parking lot near you

November 9, 2022

Before starting Electric Era, Quincy Lee was one of the chief mechanical engineers at Space X. He got bored of doing space stuff when the climate crisis was happening down here on Earth and decided to do something about one of the biggest challenges with the adoption of electric vehicles: Distributed high-speed charging infrastructure. Crappy […]

Electric Era wants to put an EV charger in convenience store parking lot near you by Haje Jan Kamps originally published on TechCrunch

Why watch a movie when you can watch your corporate all-hands meeting?

November 9, 2022

Movie theater attendance is down, largely thanks to the pandemic, but chains like AMC still need to make money. If meme stocks aren’t a reliable business plan, why not find another use for a giant room with a huge screen and lots of seats? In partnership with Zoom, AMC Theatres will launch a product called […]

Why watch a movie when you can watch your corporate all-hands meeting? by Amanda Silberling originally published on TechCrunch

Twitter will add an ‘official’ badge to high-profile accounts in lieu of verification

November 9, 2022

Twitter is turning the famous blue check mark into a symbol that denotes you’ve paid Elon Musk $8, rather than one that identifies public figures. But of course, if anyone with a spare $8 and a fragile ego can get verified, then the symbol is rendered meaningless, paving the way for trolls to go hard […]

Twitter will add an ‘official’ badge to high-profile accounts in lieu of verification by Amanda Silberling originally published on TechCrunch

Skyroot wants to kickstart private spaceflight in India with first rocket launch next week

November 8, 2022

Spaceflight startup Skyroot wants to make history by launching India’s first privately developed rocket, and it’s aiming to do so as early as next week. The company said Tuesday that the first launch of the Vikram-S suborbital rocket could occur as early as November 12, with a launch window that extends until November 16. The […]

Skyroot wants to kickstart private spaceflight in India with first rocket launch next week by Aria Alamalhodaei originally published on TechCrunch

Humble keeps excess inventory out of the Philippines’ landfills

November 8, 2022

Excess inventory, including returned items, from e-commerce, logistics and retail companies often ends up being disposed. Manila-based Humble Sustainability is a circular economy startup that wants to keep it out of the Philippines’ landfills. Since its launch, it has processed more than 150,000 items like clothing, consumer electronics and household appliances that are either resold […]

Humble keeps excess inventory out of the Philippines’ landfills by Catherine Shu originally published on TechCrunch

Laid off from your tech job? Day One wants to give you $100,000 to start a company

November 8, 2022

Day One Ventures, a venture firm launched in 2018 with a pitch to combine venture capital acumen with marketing and communications support, has launched a program aimed explicitly at those impacted by tech layoffs this year. The program, titled “Funded Not Fired,” will write $100,000 checks into 20 startup teams by the end of the […]

Laid off from your tech job? Day One wants to give you $100,000 to start a company by Natasha Mascarenhas originally published on TechCrunch

Salesforce confirms it has laid off hundreds of employees

November 8, 2022

Salesforce laid off hundreds of people this week as the onslaught of tech cutbacks continued unabated. The company would not share an exact number, but said it was less than a thousand, and the people involved were informed yesterday, according to a person close to the company. Protocol first reported the layoffs (although it appears […]

Salesforce confirms it has laid off hundreds of employees by Ron Miller originally published on TechCrunch