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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

The move comes just under one year after the New York-based company laid off 15% of its staff as a result of the shifting economic fortunes created by the global response to the novel coronavirus pandemic. Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company.

.Net 260
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Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

TechCrunch

Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. In an exclusive with TechCrunch+, Sirman said the company was shooting for €5 million, “and now, we’re actually oversubscribed.” Magnets and water net Magnotherm $6.9M

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Peer-to-peer car-sharing company Turo files IPO to go public

TechCrunch

Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The company boasts 85,000 active hosts and 160,000 active vehicle listings in over 7,500 cities as of September 30, 2021. Net losses were $97.1

Company 262
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Sprig raises $30M to help companies gauge users’ reactions to products

TechCrunch

It brings the company’s total raised to $90 million, which CEO Ryan Glasgow says is being put toward expanding Sprig’s service line, support sales and marketing efforts, and dedicating resources to integrations and partnerships. Glasgow founded Sprig in 2019. Image Credits: Sprig.

Company 193
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Olo prices IPO sharply above its target, valuing company as high as $4.6B

TechCrunch

Unlike last night, when New York-based restaurant software company Olo priced its IPO at $25 per share , sharply above its raised IPO target price range. Pricing at $25, then, is a strong 56.25% greater per-share value than the low end of the company’s first estimate. in 2019 to 94.2% million became 2020 net income of $3.1

Company 235
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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

Posting audited financials can prove detrimental for a private African company for several reasons ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well. million VC-backed company, Carbon was founded by Chijioke Dozie and Ngozi Dozie in 2012. billion (~$241.35

Banking 291
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Chip company Arm files for Nasdaq listing in IPO anticipated to be this year’s biggest

TechCrunch

billion into the co-working company WeWork in the summer of 2017 when it was still privately held, at a reported valuation of $20 billion. SoftBank invested in WeWork again in early 2019 at a $47 billion valuation. It went on to invest even more in the company and to lose nearly its entire investment.

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