IPO

Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push

Fintech /

Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the […]

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Klarna’s revenue per employee soars to nearly $1M thanks to AI efficiency push

AI /

Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the

Klarna’s revenue per employee soars to nearly $1M thanks to AI efficiency push Read More »

$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks

Fintech /

At long last, digital consumer bank Chime has moved forward with its IPO by filing its S-1 paperwork Tuesday. Chime had reportedly filed confidential S-1 paperwork back in December. S-1 filings typically reveal all kinds of information, covering financial, legal, and other risk factors. But Chime’s S-1 documents still have a lot of blank spaces.

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India’s EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation

Transportation /

Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3M), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a valuation of

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Startup funding hit records in Q1. But the outlook for 2025 is still awful.

AI /

Startups attracted $91.5 billion in venture capital funding in Q1, according to the latest report from data provider PitchBook. This figure not only exceeds the previous quarter’s allocation by 18.5% but also represents the second-highest quarterly investment in the last decade. Despite this seemingly positive news, Kyle Stanford, lead U.S. venture capital analyst at PitchBook,

Startup funding hit records in Q1. But the outlook for 2025 is still awful. Read More »

Forerunner’s long game: As startups stall before IPO, all options are on the table

Startups /

Thirteen years ago, Forerunner Ventures began helping to usher in a new era of consumer startups, including Warby Parker, Bonobos, and Glossier. None has gone through a traditional IPO process. Warby Parker was taken public through a special purpose acquisition vehicle. Bonobos was acquired by Walmart. Glossier is still privately held, along with many other

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Bradley Tusk says VC is dead. But the ‘fixer’ in him is just getting started

Venture /

According to Bradley Tusk, co-founder and managing partner of Tusk Venture Partners, venture capital has been “effectively dead for the last four years.” A self-proclaimed “Fixer,” Tusk recently made the decision not to raise a fourth fund. Instead, he decided to go back to his roots and launch an equity-for-services firm aimed at helping early

Bradley Tusk says VC is dead. But the ‘fixer’ in him is just getting started Read More »