Category: Technology Trends

The most important technology news, developments and trends.

Helbiz reports revenue increase but dwindling cash reserves

Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earnings Monday after the bell. The startup was the first scooter operator to go public via the SPAC route, and many in the industry wish it wasn’t so after consistently meh earnings reports. Since Helbiz’s public debut in August 2021, its earnings reports have shown a company that burns through dwindling cash reserves, doesn’t pull in enough revenue to make up for its high costs of operations and keeps pivoting away from core

Helbiz reports revenue increase but dwindling cash reserves

Mycel’s mushroom-based biomaterials sprout $10M in funding

Mycel, a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Co-founder and CEO of Mycel Sungjin Sah told TechCrunch that the company uses mycelium, a root-like structure of mushroom, to make leather substitutes that can be used in car seats and luxury cosmetic products, and fashion products like shoes, clothes and bags. Mycel is in talks with global cosmetic brands to co-develop the mycelium-based leather products as well as cosmetics ingredients, Sah said, adding that it aims to commercialize its

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

WeWork co-founder and former chief executive Adam Neumann’s career arc has felt synonymous with the rise and eventual fall of unicorn dreams. The entrepreneur, whose fall from grace has attracted global interest, just found a ladder in the form of a check from storied venture capital firm Andreessen Horowitz. Andreessen Horowitz announced on Monday that it has written its largest single check to-date into Neumann’s new startup, Flow. The stealthy startup is trying to reinvent real estate (again), but instead of commercial properties, which WeWork focused on, Neumann is looking into revolutionizing rental properties. Horowitz’s check, reportedly upwards of $350

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

The Verge’s 2022 back-to-school gift guide

All the best backpacks, laptops, tablets, and wearables for the new school year. | The Verge Our favorite laptops, bags, and gadgets for students As quickly as it arrived, summer vacation is drawing to a close. A new school year is right around the corner, and while the learning landscape has transformed rather drastically over Read More…

Daily Crunch: Meta backs SMB e-commerce app launched by former Facebook engineering manager

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, Crunchers! Wait, that’s kind of a weird nickname, as if you’re munching on granola. What should we call y’all? Never mind that. Tomorrow, we’re running a Twitter Spaces where Jacquelyn and Anita are talking about what’s new in the world of crypto with Ryan Selkis. It’s at 1:00 p.m. PDT, and you can easily set yourself a reminder here. Have an awesome week!  — Christine and Haje The TechCrunch Top 3 It’s getting hot in

Serena Williams’ next act in venture capital is essential in this moment

Lights, camera, another backhand winner down the line. It’s hard to imagine that in two weeks, Serena Williams is playing what could — and most likely will be — her last tennis tournament after 23 Grand Slams and decades of dazzling on center courts. She announced her retirement in the latest issue of Vogue magazine, writing that she will be “evolving” away from the sport to focus on family and her career as a venture capitalist. Williams founded her own firm, Serena Ventures, in 2014 and raised a $111 million inaugural fund this year to invest in “founders with diverse

Serena Williams’ next act in venture capital is essential in this moment

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