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

TechCrunch

Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy. Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Magnets and water net Magnotherm $6.9M

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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.

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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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Poshmark is pushing into the public market at a high-end valuation as the resale market sizzles

TechCrunch

Poshmark , the nine-year-old, Redwood City, California-based online marketplace for second-hand clothing, beauty and home decor products, is set to start trading as a public company on the Nasdaq tomorrow after tonight pricing 6.6 Forever 21, the fast-fashion mall staple, filed for bankruptcy in 2019.).

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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.

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

TechCrunch

A big story in the finance world this morning is that the Nasdaq Composite index lost ground in pre-market trading while bond yields rose. 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. in 2019 to 94.2% in 2019 to 94.2%

Company 235
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Canoo warns it may not have enough funds to bring EVs to market

TechCrunch

Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. in after-market trading following the release of its earnings. Canoo’s net loss reached $125.4 with a market valuation of $2.4 million, compared to $15.2

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