Startups

A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’

The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday.  The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents. The trustee wrote that the need for

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Bolt founder Ryan Beslow wants to settle an investor lawsuit by returning $37 million worth of shares

Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The investor accused Breslow of adding $30 million to Bolt’s balance sheet in the form of personal debt and removing board members when they urged Breslow to repay it. Activant

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Meet the Magnificent Six: A tour of the stages at Disrupt 2024

TechCrunch Disrupt has always been the ultimate convergence point for all things startup and tech. In the bustling world of innovation, it serves as the “big top” tent, where entrepreneurs, tech enthusiasts, and industry leaders gather to witness the unveiling of groundbreaking technologies, engage in thought-provoking discussions, and forge invaluable connections. As we gear up

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Orange Charger thinks a $750 outlet will solve EV charging for apartment dwellers

Nicholas Johnson founded a company because he lost a bet. Johnson was having dinner with some investors in Lyt, a road congestion management company he had co-founded. As the dinner conversation meandered, it settled on EV charging and how best to bring it to multi-family housing. Apartment dwellers who own EVs are often left with

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Meet PayHOA, a profitable and once-bootstrapped SaaS startup that just landed a $27.5M Series A

PayHOA, a previously bootstrapped Kentucky-based startup that offers software for self-managed homeowner associations (HOAs), is an example of how real-world problems can translate into opportunity. It just raised a $27.5 million Series A round in an environment where nearly $30 million Series A rounds are no longer common. PayHOA founder and CEO Mike Bollinger has

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Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico

Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” These might include port dues, towage, and pilotage fees. It’s a complex patchwork and all ports operate their own procedures, much of it on spreadsheets. The global cost from port calls, for all vessels, is over $220 billion dollars per

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David Sacks reveals Glue, the AI company he’s been teasing on his All In podcast

Glue AIImage Credits: Glue If you use Slack at work, you’ve likely noticed that the number of channels you’re invited to proliferates incessantly.  David Sacks, one quarter of the popular “All In” podcast and a renowned serial entrepreneur whose past companies include Yammer –  an employee chat startup that sold to Microsoft for $1.2 billion

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After surpassing $100M in ARR, Harness Labs grabs a $150M line of credit

Harness Lab isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised $425 million, per Crunchbase. On Tuesday, Harness announced $150 million in debt financing, essentially a line of credit that the company can draw on

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