As Uber and Lyft continue to melt, the 2019 unicorn class loses its shine

You’d be excused for feeling that mid-2019 was in a different decade as far as venture-backed IPOs go.

Last year saw a number of successful flotations of venture-backed technology and technology-enabled companies, and most performed well after they began trading. But despite some early success, a number of the most famous 2019 IPOs have seen their

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Join TC tomorrow at 9 am PT for a chat about the latest YC startup batch

Hello TechCrunch friends and family, tomorrow morning at 9 am Pacific Time we’re gathering on Zoom for an in-depth chat about our favorite startups from the latest Y Combinator Demo Day. This year’s installment of the twice-yearly startup event happened yesterday, a week early and online only.

Like many other things, Demo Day was adapted to a new

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Oura raises $28 million for its health and sleep tracking ring

Smart rings are still a relatively young category in the wearable hardware world, but the Oura Ring seems to be a standout in terms of early success. The Oura Ring hardware is sleek and packed with sensors, allowing it to measure a user’s sleep patterns, take your body temperature and track activity, and now Oura has raised $28 million in Series B

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Manage remote teams with a transparent culture

Many companies have been designed to optimize productivity when everybody is in the office. As offices close due to the coronavirus outbreak, many people are experimenting with remote work at scale for the first time.

Employees have to learn what it means to work remotely — but managers also have to learn how to keep their teams on track. That’s why

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Dear Sophie: How do I get visas for my team to work from home?

Here’s another edition of

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Spectro Cloud launches with $7.5M investment to help developers build Kubernetes clusters their way

By now we know that Kubernetes is a wildly popular container management platform, but if you want to use it, you pretty much have to choose between having someone manage it for you or building it yourself. Spectro Cloud emerged from stealth today with a $7.5 million investment to give you a third choice that falls somewhere in the middle.

The

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All Raise CEO Pam Kostka on how the world isn&t ending

This isn’t thefirst economic downturn All Raise CEO Pam Kostka has been through. 

“I was here during the dot-com bust and rush, and here during the financial fallout that happened, so we’re a little overdue for some corrective action in the market,” Kostka said. “While I’ve been through boom and bust cycles before, this one is more meaningful becaus

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CO2-based vodka startup Air Co. fully redirects its tech to making hand sanitizer for donation

A NYC-based startup that developed technology that extracts carbon dioxide from the air and combines it with water to create vodka has redirected its entire production capacity toward producing hand sanitizer, every bottle of which will be donated through collaboration with NYC officials, and potentially to local restaurants who employ delivery

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The Dispatch, a news organization built on Substack, passes $1M in annual revenue

Is there an audience for a center-right news publication focused on original reporting and analysis? That’s the proposition that The Dispatch set out to test when it launched last October, and the early results are promising. The startup says it’s now approaching 10,000 paying subscribers, adding up to more than $1 million in annualized revenue.

Edi

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Quit Genius raises $11M Series A to expand into opioid, alcohol addiction treatment

Quit Genius, the YC-backed startup that uses cognitive behavioral therapy to help folks quit smoking and vaping tobacco products, has today announced the close of an $11 million Series A round.

The new funding was led by Octopus Ventures, with participation from Y Combinator, Startup Health and Triple Point Ventures.

Quit Genius was built by

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Lightspeed-backed WorkOS launches to help startup services become enterprise-ready

With the explosive popularity of B2B services startups, it was only natural that a B2B startup would come along that’s offering a service to help startups become enterprise services themselves.

WorkOS, which is launching out of stealth with seed funding from Lightspeed Venture Partners and others, is building a toolkit to help startups meet the

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Addapptation snares $1.3M seed to build a better UX for Salesforce

Addapptation, a startup that wants to build a practical design layer on top of Salesforce and other enterprise tools, announced a $1.3 million seed investment today.

2048 Ventures led the round with participation from East Coast Angels, The Millworks II Fund and additional angel investors from New Hampshire, where the firm is located

Co-founder

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You have to actually get work done, not just video call all day, but apps like Zoom want to take over your screen. Remote workers who need to stay in touch while staying productive are forced to juggle tabs. Meanwhile, call participants often look and sound far away, dwarfed by their background and drowned in noise.

Today, Around launches its new

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Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website.

In a bit of a surprise twist,

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Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re not changing the main show.

For folks hunting for our longer-form work, here’s last week’s episode with Danny

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Lunchbox and Eniac launch a website for supporting local businesses

Many of you are probably looking for ways to support the restaurants and small businesses that are being hit hard by the COVID-19 pandemic. At the same time, going out to your favorite restaurant right now is a real risk to public health — and that’s assuming it’s still open.

A new website called Help Main Street is offering a simple way for people

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Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website.

In a bit of a surprise twist,

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Veteran VC Mike Volpi discusses investing and fundraising in ‘a very difficult time&

Last week, I talked with Mike Volpi, longtime Index Ventures partner and the former head of M-A at Cisco for many years before that. We originally planned to talk about Index and general market trends, and we did. The topics we discussed included whether self-driving technologies have attracted too much funding and the damage inflicted by

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With the travel market in tatters, when can Airbnb go public in 2020?

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

This morning we’re tracking Airbnb’s latest losses, its anticipated and real Q1 revenue growth, and what the company’s current situation likely means for its public debut, something the company has promised will occur in 2020.

Last

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Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website simultaneously.

In a bit of a

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It’s no secret I’m a fan of the reMarkable, a tablet with a paper-like display that’s focused on text and sketching rather than rich media and games. The sequel to the original, announced today, looks to make a good thing even better.

Designed for the creation and consumption of monochromatic content like long documents, e-books, notes and

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Deepgram, a startup focused on high-quality, real-time speech recognition, announced a $12 million Series A this morning.

The startup, founded a half decade ago, according to Crunchbase data, with just a few million in raised capital, is interesting, as its success to date was founded on two consecutive experiments. The first dealing with its

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'If you are planning to raise money this year, just know your best case is probably Q4'

When this growth investor expects startups will be able to raise again

Earlier today, TechCrunch caught up with Chris Sugden, a managing partner at Edison Partners, to talk about the current fundraising market, what’s next for SaaS startups and if there’s any good news to be found in today’s market.

As the stock market continues to

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Business banking fintech Penta raises another €18.5M

Penta, the Berlin-based business banking challenger that also now operates in Italy, has raised €18.5 million, described as the first closing of a new funding round.

Leading the round is new investor RTP Global and existing investor HV Holtzbrinck Ventures. Also participating is ABN AMRO Ventures and Berliner Volksbank Ventures, and Finleap (the

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Revolut launches Revolut Junior to help you manage allowance

Revolut is introducing a new product specifically targeted toward kids aged 7-17 years old — Revolut Junior. Revolut Junior is a new app and service that integrates directly with the main Revolut app on the parent’s side.

Parents or legal gardians who are also Revolut users can create a Revolut Junior account for their kid. After that, your kid

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YC-backed EduRev wants to democratize online learning in India

As edtech startups emerge and expand in India, millions of students in the country now have an additional option to choose from when they prepare for competitive exams.

But despite the proliferation of cheap Android handsets and availability of some of the world’s cheapest mobile data plans, online learning platforms in India are struggling to

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Where top VCs are investing in remote events

The novel coronavirus pandemic has rapidly moved companies into a remote-first world.

Nearly all of the world’s largest events have been canceled, put on pause or pivoted to online-only. In the tech world, event cancellations thus far have included SXSW, GDC, Mobile World Congress, Google I/O, Facebook F8, E3 and others.

As more and more hosts

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Have hundreds of unicorns missed their exit window as Q1 IPOs grind to a halt?

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

As investors struggle to price the stock market as economic and political news continues to break, the private market is entering a rough period. It seems increasingly likely that the period of disruption due to COVID-19 will

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GiveVision partners with Sony to develop and manufacture wearables for people with visual impairments

GiveVision, the U.K. startup creating wearable technology to help “restore” sight to people with visual impairments, is partnering with Sony (via the Sony UK Technology Centre) to develop and manufacture its next generation device.

Specifically, GiveVision says it will be working with Sony UK Tec to help bring to market a new, lightweight version

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