vcfamily - Newsletter #30
Why Terra has shut down, Lille-based startup Sencrop raised a Series B and a Bonus that will make you a copywriter! π
Get to read your weekly vc newsletter along with your Sunday morning coffee! βοΈNews of the week in Venture Capital, fundraisings and acquisitions, internships and job offers in the vc ecosystem and many others. For more information about vc family,Β visit vc family.
βYou miss 100% of the shots you donβt take.β - Wayne Gretzky
On the agenda:
π° Extra! Extra! Weekly news
π Fundraisings, acquisitions and IPOs of the weeks
π Internship and job offers
π The Gift!
π° Extra! Extra! Weekly news
π Getaround to go public. The world's leading car-sharing company is to be listed on the New York Stock Exchange via an SPAC. The company's success is due in particular to the purchase of Drivy in 2019 for 300 million, which will enable it to recover a large part of the European car-sharing market. Getaround currently has 300 employees and manages a fleet of 66,000 vehicles.
π Google announces new products and services. At its annual I/O conference, the American giant announced a new Pixel phone, a new connected watch to compete with the Apple Watch, and augmented reality glasses. In terms of services, Google Maps will calculate the carbon footprint of your travels and Google Meet will be able to transcribe meetings verbatim.
πΌ Apple says goodbye to the iPod. It's the end of an era: Apple has announced the end of production of the iPod, although they will still be available while stocks last. Launched in 2001, the iPod revolutionised the way people listen to music and became the brand's flagship product. In 2006, the iPod accounted for 50% of Apple's revenue and an estimated 450 million iPods have been sold worldwide since its inception.
π₯ Elon Musk puts Twitter takeover on hold. The saga surrounding a potential takeover of Twitter by the founder of Tesla continues. Musk announced on Friday that he is putting the takeover on hold pending data on existing bots on the social network. He wants to make sure that the number of fake accounts on Twitter is not too high, but he reaffirmed his desire to go through with the takeover.
πͺ¦ The Terra blockchain, which was the second most important in decentralized finance (DeFi), has shut down. This is one of the biggest crytpo crashes. The reason for this is the collapse of the stablecoin of the Terra blockchain, which collapsed because it no longer respected the parity with the dollar. This has caused investors to lose confidence and prefer to take out their funds or switch to other stablecoins. Now, to maintain its parity with the dollar, the UST relies on algorithms that make arbitrages on the crypto luna, which is based on the same blockchain Terra. It was this link that dragged luna down. Investors then also massively withdrew their funds on luna, which further amplified its decline.
π Fundraisings, acquisitions and IPOs of the week
π΅π» Gubbe (Seed) raises β¬4M: The Finnish startup, Gubbe, offers non-medical care for the elderly to keep them active!
π Adversio (Seed) raises β¬2M: With 14 years of experience in EdTech, the French platform, is now helping schools int heir digitalisation journey.
π± Sencrop (Series B) raises β¬18M: This Lille-based startup provides a revolutionary farmer-only application that focuses on accurate weather data, preventing disease risks, warning of actual irrigation needs, to avoid waste.
π» Byrd (Series C) raises $56M: The Vienna-based startup provides e-retailers with a platform to manage the entire order fulfillment process, from storage to shipping, as well as returns management.
π Internship and job offers
Soon you will find a complete section to find job and internship offers in Venture Capital, automatically scrapped and available directly on our website.
50 Partners - VC Analyst Internship (Paris) π Apply here
Blisce - Investment Analyst Intern (Paris) π Apply here
Finch Capital - VC Summer Intern (London) π Apply here
EQT Ventures - Venture Analyst (Berlin) π Apply here
π The Gift
π Todayβs bonus is for copywriting enthusiasts! If you are interested in learning how to write storytelled posts, please take a look at the resources (in French) of the copywriting expert Nina Ramen!
πHere is Ninaβs library! Enjoy learning from her!π
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