To get a roundup of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3pm PDT, subscribe here.
It’s Friday, and that means… Actually, we don’t even really know what that means anymore, other than we’re going to sit in the sun and enjoy the last few days of warm weather before it’s time to be jealous of the antipodes for the next six months. — cristina Y Haje
TechCrunch Top 3
- elegantly late: Epic Games liked distributed computing startup Hadean so much that they didn’t want to miss out on backing it. Pablo has more on how Epic was able to participate in the $30 million Series A investment and why.
- From bland to bling: Life insurance isn’t usually an exciting topic, but Strava co-founder Mark Shaw thinks he’s found a way to “zhuzh” with Inclined, a company that lends against whole life insurance policies. Mary Anne writes The company is now flush with a $15 million Series A.
- Health Care Shopping: Health care is a complicated web of doctors, labs, and payers that rarely seems to connect. Kenyan startup Ponea Health is set to change that with its healthcare marketplace offering that brings everyone together, annie reports.
Startups and VCs
The crypto market is awash with centralized (Binance, FTX) and decentralized (Dydx, Opyn, Perpetual Protocol) ETH-based perpetual and options trading platforms. Nibiru is attempting to build the first mainstream decentralized multi-chain solution. The company was co-founded by Tribe Capital GP Arjun Sethi, and it just raised $7.5 million in seed funding at a $100 million valuation. manish reports.
A cloud kitchen, also known as a ghost kitchen or shared kitchen, offers restaurant owners and food entrepreneurs commercial kitchen space at a reduced cost for food delivery and takeout. A Manila-based startup called CloudEats, which operates cloud kitchens in the Philippines and Vietnam, has just raised a $7 million Series A extension to accelerate the digitization of foodservice in Southeast Asia. Kate reports.
Here are some more…
8 investors discuss what lies ahead for reproductive health startups in a post-Roe world
Dominic-Madori Davis surveyed eight investors about the role that venture capital could play in this new era where Americans no longer have the legal right to have abortions.
The Supreme Court’s Dobbs decision affected more than health care and personal privacy: Will capital and talent flee US states that restrict reproductive rights? Will investors back more startups that expand access to health care?
Given “the tenuous relationship between venture capital and ethics”, Dominic-Madori asked the group how they plan to exert influence and how they prefer entrepreneurs to approach them:
- Hessie Jones, Partner, MATR Ventures
- Lisa Calhoun, Gary Peat and William Leonard, Valor Ventures
- Mecca Tartt, CEO, Startup Runway
- Ed Zimmerman, Founding Partner, First Close Partners
- Theodora Lau, Founder, Unconventional Ventures
- McKeever Conwell, Founder, RareBreed Ventures
Recently on TechCrunch+:
TechCrunch+ is our membership program that helps startup founders and teams get ahead of the pack. You can sign up here. Use code “DC” to get 15% off an annual subscription!
great tech inc
Who would have thought that a baseball simulation game would be so popular at the height of a pandemic? The Game Band certainly did. Amanda talk to the creators of Blaseball about how they’re building the game for the future.
- Breaking into a new show: If you’re a fan of “Breaking Bad,” the show’s creator announced a new show for Apple TV+, Ivan write
- clapping: The California Department of Civil Rights is now looking into a countersuit from Tesla after a judge refused to dismiss a case involving racial bias at the electric car giant. Rebeca has more.
- new boss: Former Google ad exec Allan Thygesen has a new job: serving as DocuSign’s new CEO, Ron reports.
- There is no shortage of supply here: jaclyn reports on GM Ventures’ new investment in Lithion Recycling, a Canadian battery recycler, to keep juice flowing for GM’s electric vehicle fleet.
- Urgent message: The elections will take place in Italy on Sunday, and the country is nervous about electoral interference measures, so he sent a message to Meta requesting information on how Facebook plans to handle this, Natasha L. write