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Whats up and welcome to Every day Crunch for September 14, 2021. It was an Apple day on the internets, so we’ve all spent the afternoon making an attempt to determine if we’d like a brand new smartphone. Reply? Most likely not, however that gained’t cease a superb portion of the TechCrunch crew from deploying recent Yahoo lucre into Cupertino’s market cap. We love these things.

On the TechCrunch entrance, Disrupt is in a week’s time. Your humble servant goes purchasing later this afternoon in order that he can look barely much less matted. Jordan, after all, will look brilliant on the Disrupt Desk. See you there! — Alex

The TechCrunch High 3

  • Apple drops grip of recent {hardware}: Anytime Apple hosts an occasion, it’s like time stops within the know-how world. If that ought to nonetheless be the case is as much as you, but it surely stays truth. Right here’s our rundown of iPhone news, Apple Watch news, iPad updates and a general roundup in case you wish to go meta. Get pleasure from!
  • Atlanta booming:  TechCrunch continued its tour of U.S. cities right now after hitting up Chicago and Boston in current weeks. This time, we dug into Atlanta’s booming startup scene, which is seeing document capital inflows. We talked to some founders and buyers to get the most recent. Don’t overlook that Atlanta just produced a decacorn exit.
  • And talking of decacorns, Canva just raised $200 million at a $40 billion valuation. In proportion phrases, the Australian design software program firm managed to lift two payments for 0.5% of its fairness worth. A steal at twice the worth. Why is Canva price a lot? Enormous scale, as our notes relating to its income development illuminate.

Read more about Apple's Fall 2021 Event on TechCrunch

Startups/VC

Earlier than we dive into our common rundown of startup information, TechCrunch did a dig into the value of the myriad BNPL startups around the globe by way of the lens of some current acquisitions. I wrote it. Learn it if that’s your jam.

  • In gentle of the day’s Apple Health information, it issues that Tonal just announced live classes are coming to its service. Tonal competes within the hardware-and-software market in opposition to Peloton and different gamers. Notably it’s the startups of the world which are fusing {hardware} and software program greater than Apple on this case, which is usually bundling companies into its current merchandise. Regardless, excellent news for you Tonal customers on the market.
  • 1047 Games closes $100M:  In case you are sizzling, Brian Heater writes, you’re sizzling. And 1047 video games with its hit title Splitgate is greater than heat. So sweltering that it simply closed a 3rd spherical since Could. What’s Splitgate? An FPS that features portals. (Which frankly sounds superior.)
  • Grammarly opens up for developers:  Grammarly is effectively often called a product that people use to assist tighten up their writing. However what should you needed to bake Grammarly tech into your individual product? Properly, now you may. The corporate simply introduced a developer product. The finance nerd in me wonders how profitable the brand new enterprise line will show, and if it’ll assist the corporate file its rattling S-1 already.
  • EverAfter raises $13M, underscores that HRtech is still hot:  Per our personal reporting, EverAfter has constructed a “no-code customer-facing software that streamlines onboarding and retention.” That’s a bit like Sora, a startup that TechCrunch has additionally written about. A couple of rounds targeted on the identical house is sign!
  • Today’s Tiger round is Indonesian fintech Xendit: Xendit is now a unicorn due to a $150 million test led by Tiger. At this level, we reckon that each time Tiger’s managing companions go to dinner they tip $150 million. It’s the one quantity that they know! Regardless, the Jakarta-based fintech with a funds focus has large enlargement plans that are actually effectively financed.

Is it so unhealthy to take cash from Chinese language enterprise funds?

Are founders in fundraising mode short-sighted in the case of working with Chinese language buyers?

Asia Enterprise growth supervisor for Runa Capital Denis Kalinin studied knowledge from iTjuzi, a database of Chinese language enterprise capitalists and located:

 … Chinese language funds invested round $250 billion in 2020 (thrice increased than the determine reported in Crunchbase). This determine places Chinese language VC investments solely 30% decrease than investments by U.S. funds, however thrice that of U.Ok. funds and 12.5 occasions greater than German funds.

The pandemic, geopolitical tensions and different elements led many Chinese language enterprise funds to cut back their worldwide investments, however that’s largely “as a result of throughout COVID, China’s economic system recovered a lot quicker than different nations,” writes Kalinin.

His evaluation covers a number of angles: Chinese language investments in Europe are catching up with these in Asia and the US, half of China’s prime cross-border buyers are CVCs, and buyers are notably taken with fintech, deep tech and digital well being for the time being.

“Chinese language buyers can convey worth to overseas startups, however it is advisable to examine their experience and the way it may be helpful for you.”

(Further Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Large Tech Inc.

Earlier than we get into the nitty-gritty of Large Tech information, an replace from the U.S. authorities: “Biden’s new FTC nominee is a digital privacy advocate critical of Big Tech,” it seems. That issues.

  • LinkedIn pledges $25M to creators:  In case your LinkedIn feed was missing in pizazz, the Microsoft subsidiary has plans to bolster your content material inflow. A $25 million “Creator Accelerator Program” has been established to encourage extra, effectively, creation. Additionally LinkedIn is moving into reside audio.
  • 51 more Starlink satellites take flight:  We’re together with this information merchandise in Every day Crunch right now in case you’re additionally contemplating a transfer to rural Montana however want to remain employed.
  • Spaceflight looks to fly to the moon:  Elon’s house firm just isn’t the one participant trying to get people off the plant. Spaceflight will “shuttle clients on a lunar flyby mission subsequent 12 months,” which is greater than neat. How a lot for a ticket?

TechCrunch Specialists: Development Advertising and marketing

We’re reaching out to startup founders to inform us who they flip to when they need essentially the most up-to-date development advertising and marketing practices. Fill out the survey here.

Learn one of many testimonials we’ve obtained beneath!

Marketer: Andrew Race, Juice

Beneficial by: Orin Singh, Merchant Industry

Testimonial: “We have been referred to Juice by a household good friend of my firm’s proprietor, and as a private courtesy, they stated they have been giving us their greatest man. Naturally, we thought that’s what everybody says, however they weren’t kidding. Andrew was singularly leagues above our earlier advertising and marketing firm. Having somebody so educated and keen to be taught a brand new trade proved to be the turning level for us.”

Group

Picture Credit: Primary Books

From deliberate Twitter Areas to impromptu chats with the Equity crew, the TechCrunch crew is consistently on Twitter. Tomorrow, Wednesday, September 15 at 2 p.m. PDT/5 p.m. EDT, the Disrupt Battlefield judges might be speaking on Twitter Areas. On Thursday, September 16, at 3 p.m. PDT/6 p.m. EDT, Danny Crichton might be joined by Martin Ford, writer of “Rule of the Robots: How Artificial Intelligence Will Transform Everything.” Ensure you’re following the TechCrunch Twitter account to remain updated with our information and occasions.

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