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

TechCrunch

The company’s last fundraise was in July 2019, when Compass — a company that has built a three-sided marketplace for the real estate industry, along with a wide set of algorithms to help make it work — raised a $370 million round of funding. The company’s revenues have increased from $186.8 million in 2016 to a whopping $3.7

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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. Magnets and water net Magnotherm $6.9M 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.

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

TechCrunch

When Chijioke Dozie, the CEO, spoke to TechCrunch in 2019, he cited recruitment purposes and clientele trust as reasons why the company made its financials public — an exercise it has done every second quarter for two years. It’s a tradition Dozie hopes the company will keep this year. .

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Our ten-year countdown to net zero has begun

Capgemini

This is why we announced last week a new ambition to be net zero by 2030. Even with COVID-19, I am delighted that we have kept our plans on track to create our ten-year net zero strategy. Committed to developing and innovating to create new ways of working fit for a net zero world.

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Encouraging Innovation in an Established Product Culture

Speaker: Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies

Build a tolerance for failure, willingness to experiment, and a psychological safety net. May 9, 2019 11:00 AM PDT, 2:00 PM EDT, 7:00 PM BST Join this webinar to learn how to: Turn a stagnant culture into an attention culture with highly collaborative team dynamics. Overcome product bias, feature orthodoxy, and embrace simplicity.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Founded in : 2019. Quick thoughts : In 2019, Curacel started with claims automation and fraud detection in health insurance with hospitals as its target market. Quick thoughts : As of 2019, Nigeria was said to account for half of West Africa’s meat consumption. Founded in : 2019. Website : [link]. Team size : 30 .

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Will ride-hailing profits ever come?

TechCrunch

Uber’s revenue fell from $13 billion in 2019 to $11.1 billion in 2019 to a far-smaller $2.4 billion in 2020 , an improvement from its 2019 loss of $8.51 However, if you lean on Uber’s definition of adjusted EBITDA, its 2019 and 2020 losses fall to $2.73 But the decline in demand harmed both companies.

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