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Hello and welcome to Daily Crunch for September 1, 2021. It’s a great day in TechCrunch history where we have been transferred to a new parent company. More on that in a moment. First, interrupt attendees, you can now hit CrunchMatch to meet other cool people. I see you there! – Alex
TechCrunch’s Top 3
- Hello, Apollo! TechCrunch is no longer part of Verizon Media Group, a somewhat neglected subsidiary of the US telecommunications company. Instead, we are now part of Yahoo, which is owned, in turn, by Apollo, a large, publicly traded investment company. in a bag. Cue the parade. Joking aside, the long-announced deal has finally been completed. We will have more notes on our new overlords as soon as we meet them.
- Presentation of Amplitude’s Initial Public Offering: TechCrunch’s coverage of the fast-paced OPI market continued today with notes on Amplitude’s debut focused on product reviews. For more information on the Toast and Freshworks presentations, head here or here. Oh, and Warby Parker here, if D2C is your jam.
- Sticking to the big dollar news today, Vista Equity is buying a majority stake in Drift. Based in Boston, Drift focuses on what it calls “conversational” sales tools. The two parties were being coy to a silly level by not disclosing the price paid for Drift, other than that the company’s majority sale values the old startup at more than $ 1 billion. It’s unclear why Drift was sold to Vista instead of going public, but we felt cheated on its S-1 filing.
Startups / VC
As we write to you today, the TechCrunch team is busy writing thousands of words about the second day of Y Combinator’s Demo Day kick-off performances. You can read about every startup that launched yesterday.
Now to today’s news. First, Berlin Brands, which buys and hopes to scale brands that sell on Amazon, now worth more than $ 1 billion after raising a round of equity and debt of $ 700 million. There is apparently infinite capital available to finance the purchase of smaller ecommerce brands.
So much so that Forum Brands what’s more today announced new capital for the activity. Its $ 100 million debt financing may seem small compared to what Berlin Brands just got, but it’s still nine dry powder figures.
- Blueprint Raises $ 16 Million to Scale Its Title Insurance Business: It turns out that the title insurance business in the United States is too valuable. Blueprint wants to downsize by offering lower-priced coverage to clients who purchase multiple properties in multiple states.
- Insurify Raises $ 100 Million As Insurtech Markets Stay Hot: Sure, neoinsurance providers have bathed in public markets lately, but insurtech market play it still looks healthy. Insurify, which competes with Zebra and other players, is now $ 100 million richer. An indicator, we assume, that you are still finding a lot of market to attack.
- If you want more in the insurtech venture capital market, TechCrunch has your back.
- Call center automation is big business: At least for Skit, a startup that just closed a $ 23 million Series B. According to our own Kate Park, Skit’s technology helps its clients automate almost all of their voice support calls.
- The company we know little about raises a lot of money: Have you heard of Humane? Probably not. Born from some former Apple members, the startup, “which has the ambition to build a new class of consumer devices and technologies,” reports TechCrunch, has no products on the market. And yet it has raised $ 100 million this week after raising $ 30 million last year. What will you build? I guess we’ll find out.
Our Favorite Startups from YC’s 21st Summer Demo Day, Part 1
Twice a year, we turn our attention to Y Combinator’s latest class of aspiring startups as they make their public debuts.
For the YC Summer 2021 Demo Day, the accelerator’s fourth virtual meeting, Natasha Mascarenhas, Alex Wilhelm, Devin Coldewey, Lucas Matney and Greg Kumparak selected 14 favorites from the first day of one of the most important launch competitions in the world.
Read your review and come back later today for your summary of the second day.
(Extra Crunch is our membership program, helping founders and startup teams get ahead. You can sign up here.)
Big Tech Inc.
Today’s Big Tech news is primarily focused on feature updates. Enjoy!
TechCrunch Experts: Growth Marketing
- Have you already submitted a recommendation? That’s great – we count all previous survey submissions as one input for the outage ticket.
- We will also enter the next 100 survey submissions into the drawing.
- Want to submit 10 recommendations to increase your chances of winning? We love the enthusiasm, but we ask that you only submit one recommendation for each marketer you have worked with.
- Not sure what to say in your recommendation? Start with the traits they had, what they did to help your company, how their work affected your business, and work your way from there.
- We manually go through all the entries, so please don’t copy and paste the same answer multiple times.
- Have a question about the giveaway? Email us at [email protected]
Join Danny Crichton and Mary Ann Azevedo on Tuesday, September 7 at 3 pm PDT / 6 pm EDT on Twitter spaces while talking to Jonathan Metrick about fintech and growth marketing.