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Welcome to Startups Weekly — Haje ’s hebdomadal recapitulation of everything you ca n’t neglect from the universe of inauguration . Annawill be traverse for him this week . Sign uphereto get it in your inbox every Friday .
Most interesting startup stories from the week
As the ending of 0 % interest rates keeps taking its toll , SoftBank - bet on Norway - ground on-line supermarket bringing startup Oda has confirmed150 layoffs and a refocus on Norway and Sweden , where it hop to reach profitableness next year .
People being let go is never in force news , but Oda co - founder Jon Kåre Stene , now a partner at VC business firm Skyfall Ventures , hopes that this “ could set off off the birth of several new inauguration in the Norse tech vista or strengthen company already set out on a journeying . ” Europe already has severalstartup manufactory — think Skype — and now it could be Norway ’s turn .
ironware is hard , episode 234 : We already make out that Humane’sAi Pin launchwas going anything but smoothly . Now the startup urges customers to stop using its charge casedue to stamp battery flaming fear . This is “ out of an copiousness of caution ” and base on a single charge , grant to Humane , but it is unlikely to help its compositor’s case .
Reinventing the walkie - talkie : The two co - founders of French inauguration ten ten are getting little eternal sleep these days as their original societal appwent viral , with 1 million downloads in their home country and 6 million globally .
process , fined , and evicted : AI mortgage startup LoanSnap is n’t doing well . With angel such as Reid Hoffman , Richard Branson and the Chainsmokers , it has employees deeply interested about its future asworries keep mounting .
settle from height : The inner story of Fisker ’s collapse is a gripping one , and TechCrunch has it . Sean O’Kane worked on this for week , and the result is atale of hubris , power battle , and the recur loser to set up basic summons that are foundational for any automaker .
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We will dance again : carbon monoxide - beginner and CTO of Firefly , Joseph “ Sefi ” Genis , was among the C murdered by Hamas on October 7 . Now the Israeli startupis forging on .
Most interesting fundraises this week
Solutions by Text ( SBT ) , a fellowship that gives people a way to pay their beak and go for for loans via text edition electronic messaging , raised $ 110 million in funding . But as TechCrunch ’s Mary Ann Azevedo noted , “ this is not your distinctive startup parent uppercase . ” The companionship was bootstrapped from its institution in 2008 to 2021 .
Another deviation between SBT and the average startup is that it is EBITDA positive and working toward full profitability this year , fit in to its CEO , David Baxter , who take over in 2021 .
Founded by brothers Danny and Mike Cantrell , the company assume a turn of events under Baxter ’s helm .
“ We really have translate the business from more of a founder - led class , lifestyle type of a business , doing just about 20ish million message a month to about 150 to 200 million substance a month , ” Baxter told TechCrunch .
Other unmissable TechCrunch stories…
Hearing of the Ticketmaster antitrust lawsuit made some among us curiosity if this couldgive hope to ticketing startup .
And now Ticketmaster proprietor Live Nationconfirms Ticketmaster was hack . If your personal data was catch in the rupture , that ’s not great . But if that ’s another step toward pay back alternatives , maybe there ’s a Ag liner .
More top stories :
