After quarters of explosive growth, profitable Robinhood files for IPO – TechCrunch

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Hello and welcome to Daily Crunch for July 1, 2021. It’s Robinood IPO Day! That’s the title, really. This afternoon, the US consumer fintech company filed for an IPO in what will prove to be one of the early contenders for the largest IPO of the third quarter. We also have a ton of other startup news for you. And don’t forget the next TechCrunch event is next week! Let’s go! – Alexis

The Top 3 TechCrunch

• Robinhood goes public: In our first review of the company’s IPO filing, we observed a fast growing consumer fintech company that made money in 2020. The company suffered a loss in the first quarter of 2021, but as TechCrunch reported, this loss is largely unimportant. Robinhood closed the first quarter of 2021 at an annual rate of over $ 2 billion. Hot fucking.
• The deployment of Apple software continues: After dropping the public beta for iOS 15 and iPadOS 15 yesterday, Apple released the public beta for macOS 12.0 Monterey. You can download it now, if you are a brave soul who wants to take some testing. For the rest of us, yes, this is the sound of a required corporate update in our future.
• Articulate Raises $ 1.5 Billion in Series A: After starting for centuries, enterprise computer company Articulate raised a $ 1.5 billion Series A round on a valuation of $ 3.75 billion. The supposedly early oversized ride was the main story of the day until Robinhood came in and propelled him into third.

Startups / VC

Returning to a few topics TechCrunch has covered extensively in recent weeks, there is some news from Karat, a neobank aimed at the creator economy. Everyone wants to make money on creators who are starting to make money, it seems. And from the global startup market, TechCrunch has new notes on the future of European IPOs for those of you into such things.

Now, the rounds of the day:

• Nowports Raises $ 16 Million to Automate Latin American Freight: Supply chain software startups are big companies, and Nowports wants to join the boom. The latest round of the startup was led by Mouro Capital, with Nowports now backed by approximately $ 24 million in capital to date.
• Codat raises $ 40 million to build the Plaid for businesses: APIs are popular. Fintech APIs are very popular. And the fintech APIs that connect people’s money to other businesses are Plaid. Codat wants to build Plaid, but for the financial data of SMEs. And Tiger supports him now.
• Mercado Bitcoin raises $ 200 million for its bitcoin market: In the wake of Coinbase’s direct listing and seemingly high crypto trading volumes in the second quarter, it’s not a huge surprise to see fintech companies that facilitate bitcoin purchases for consumers to gain attention. Seeing the Brazilian Mercado write such a big check is therefore not a huge surprise.
• Good news for hungry Europeans: If you want groceries and want them now, “Rohlik, a Czech startup that has established an online grocery ordering and delivery business selling groceries,” TechCrunch reports, just lifted 100 million euros in a round that values ​​the company at 1 €. billion.
• Ghost raises $ 100 million for accident prevention: How Much Money Can Self-Driving Car Technology Raise? At least nine more digits we’ve learned from the new Ghost round. Ghost is also the name of a web content CMS. It’s not that. Instead of, this Ghost is working on what TechCrunch has called “universal collision avoidance technology” for autonomous driving systems.

To guard against data loss and misuse, the cybersecurity conversation must evolve

Locking down data centers and networks against intruders is only one aspect of an organization’s security responsibilities; cloud services, collaboration tools, and APIs further extend security perimeters. Additionally, systems created to prevent the misuse and mismanagement of sensitive data often depend heavily on someone’s best angels.

According to Sid Trivedi, partner of Foundation Capital, and seven-time CIO Mark Settle, IT managers need to replace existing DLP frameworks with a new one that focuses on DMP – data misuse protection.

These solutions “will provide data assets with more sophisticated self-defense mechanisms instead of relying on traditional security perimeter monitoring,” and many startups are already competing in this space.

(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)

Big Tech Inc.

We’ve revisited some themes we’ve already seen in our getting started section. The same goes for our take on Big Tech. On the government and tech side:

• India Dislikes Big Tech Companies Part 47: Manish Singh reports that “India’s central bank has identified Big Tech’s push in financial services as a challenge for banks in the South Asian market, saying the growing presence of these companies has raised concerns about the creation of ‘an uneven playing field’. Recall that India is also upset with Twitter and has various other beefs with different tech companies.
• Paris sanctions Airbnb: Sticking to the government theme, Airbnb was fined € 8million today, a fee equivalent to 0.14% of the company’s $ 6.6 billion in cash. held at the end of the first trimester, according to his latest earnings report. The Daily Crunch would like to congratulate the City of Light on its auspicious regulatory victory.
• Finally, from Pinterest, something that has emerged by returning to the news of the day: The ban on advertising to lose weight. Many people struggle with eating disorders, body image and related issues. Pinterest is therefore removing one type of advertising that could harm these people. With decisions like this, we don’t want to be too nice to the company in question as we don’t know how much money they are leaving on the table, but this decision could point to more active regulation of social media for people. platforms held in the future. At least when it comes to advertisements.

TechCrunch Experts: Growth Marketing

We reach out to startup founders to tell us who they turn to for the most up-to-date growth marketing practices. Complete the survey here.

Read one of the recommendations we received below!

Name of merchant: Amy konefal

Name of the sponsor: Dan Reardon, formerly of vudu.com

Recommendation: “Amy evolved the scale for us as we grew into a half-billion dollar company. She identified and exploited efficiencies and built a rich portfolio of channels.

Community

The Pittsburgh City Spotlight was a huge success! Thank you to everyone who participated, as well as to the more than 80 companies who submitted to participate in our pitch-off. In case you missed the event, you can check out the Pittsburgh Mayor’s interview, our conversation with the CMU President, and the latest news on Duolingo from their Director of Engineering.

Are there cool things going on in your city? Send us a tweet on where you’d like to see us in the spotlight next.

Event TC

We’re getting into the Holiday Long Weekend here in the US, and in true American style, we’re running a July 4th sale on tickets not for one but for all FOUR TechCrunch events in 2021: TechCrunch Early Internship (July 8- 9), TC Disrupt (Sept 21-23), TC Sessions: SaaS (October 27) and TC Sessions: Space (December 14-15).

Our July 4th ticket sale starts from today until July 6th where you can get two tickets for the price of one on one of these upcoming TechCrunch events on a virtual platform near you. You can find all of our events and lock your two-for-one tickets at techcrunch.com/events.