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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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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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Usage-based pricing is a company-wide effort

TechCrunch

UBP is a company-wide effort and requires ditching the old SaaS metrics playbook. Consider Snowflake, a data warehousing company that went public in 2020 and now has a $100 billion market cap. The company’s net retention actually rose from 158% in Q2 of fiscal 2021.

Company 214
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Berlin’s Kaiko Systems nets â‚Ĵ2M to help maritime technical operations go paperless

TechCrunch

Kaiko Systems, which Fussek founded in 2020 with Eddy del Valle, the former CTO of freight-forwarding unicorn Sennder , provides a smartphone-based tool for front-line workers and inspectors to collect operational data onboard. ” So far the company has done more than 10,000 inspections for roughly 250 vessels around the world.

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Robinhood files to go public after squeaking to profitability in 2020

TechCrunch

The company intends to list on the NASDAQ under the symbol “HOOD.” The company privately filed to go public back in March, leaving the startup-watching world waiting for the eventual filing drop. The company is pursuing a public listing after a period of rapid growth. million in 2020. million in 2019 to $985.8

.Net 247
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Investor demands for profitability catch tech companies flat-footed

TechCrunch

Shares of DocuSign are off 25% in pre-market trading today after it reported earnings last night, pushing the value of shares in the e-signature company under pre-COVID levels. Given that the market is valuing DocuSign at a cheaper price than it did in early 2020, you might think that it is struggling. Don’t be.

Company 228
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Carbon Direct caps $60M round to coach companies on cutting emissions

TechCrunch

When March 2020 rolled around, Jonathan Goldberg figured his new startup, Carbon Direct , was in for a long slog. Microsoft, which was looking for a company to advise it on its carbon reduction plans, came knocking, and Goldberg had a team with a strong science background ready to go. First, he said the company doesn’t bill hourly.

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