PayPal acquires a cryptocurrency startup, Apple discontinues the iMac Professional and McAfee sells its enterprise enterprise. That is your Each day Crunch for March 8, 2021.
The massive story: PayPal acquires Curv
This deal will develop PayPal’s cryptocurrency workforce by bringing on Curv, a startup working with exchanges, brokers and over-the-counter desks to assist their customers retailer crypto belongings securely and entry their wallets with out requiring further {hardware}.
The bigger firm already helps the shopping for and promoting of cryptocurrencies, and it says it plans to launch new crypto-related merchandise in different international locations and in Venmo. Calcalist was the primary to report the acquisition, and it mentioned that the deal worth was between $200 and $300 million, whereas one other supply tells that the value was lower than $200 million.
The tech giants
The iMac Pro is being discontinued — Apple will cease promoting the all-in-one as soon as the present inventory is depleted.
McAfee sells enterprise biz to Symphony Technology Group for $4B — McAfee President and Chief Government Officer Peter Leav mentioned the corporate has determined to direct its sources to the buyer facet of the enterprise.
Google unveils $25M in grants aimed at empowering women and girls — Google.org’s new Influence Problem, unveiled on Worldwide Girls’s Day, is aimed toward addressing systemic obstacles and inequities.
Startups, funding and enterprise capital
UK challenger bank Starling raises $376M, now valued at $1.9B — Starling, which competes towards incumbent banks, in addition to different challengers like Monzo and Revolut, says it’s already worthwhile.
Cosi raises €20M for its ‘full-stack’ approach to short-term rentals — The corporate indicators long-term leases with property homeowners, then furnishes these flats itself to “management” the inside design expertise.
Swiss maker of meat alternatives Planted will expand and diversify with $18M Series A — With new kebabs and pulled-style fake meats obtainable and steak-like cuts within the (literal) pipeline, Planted has begun to set its sights exterior central Europe.
Recommendation and evaluation from Further Crunch
From electric charging to supply chain management, InMotion Ventures preps Jaguar for a sustainable future — A have a look at InMotion Ventures, the impartial funding and incubation initiative arrange by Jaguar Land Rover.
Olo’s IPO could value the company north of $3B as Toast waits in the wings — Olo, the New York-based fintech startup that gives order processing software program to eating places, shared its preliminary IPO worth vary this morning.
White-label voice assistants will win the battle for podcast discovery — Listeners have by no means had so many decisions for sensible and compelling podcast content material, with new thrilling reveals rising each day.
(Further Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
All the pieces else
Announcing the agenda for TC Early Stage — Operations & Fundraising — You’ve bought questions. Early Stage can have solutions for you on April 1 and a pair of.
A glimpse inside the minds of tech’s DEI leaders — We spoke with Uber Chief Variety Officer Bo Younger Lee and Netflix VP of Inclusion Technique for Product Wade Davis in regards to the work that also must be carried out.
The Each day Crunch is ’s roundup of our greatest and most vital tales. When you’d prefer to get this delivered to your inbox day by day at round 3pm Pacific, you’ll be able to subscribe here.
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