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Just raises $8M in its effort to beat Root at the car insurance game

TechCrunch LA

CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 Or put more simply, it charges customers only for miles driven and its rates vary based on driving behavior. For its part, MetroMile charges customers a base rate plus a per mile rate.

Startup 203
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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

ServiceTitan’s backers are a veritable who’s who of the venture industry, with longtime white shoe investors like Battery Ventures, Bessemer Venture Partners and Index Ventures joining the later stage investment funds like T. Rowe Price, Dragoneer Investment Group, and ICONIQ Growth.

SaaS 292
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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.

Startup 310
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Boulevard books $70M to help beauty and wellness salons with their bookings

TechCrunch LA

Beauty may be in the eye of the beholder, but when it comes to getting ahold of an appointment for your hair or another treatment…that’s a different story: The bespoke nature of a lot of the work has meant that a large swathe of the professionals providing these services have stayed offline when it comes to interfacing with customers.

Help 195
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9 Innovative Startups To Watch For in 2024

Tech.Co

However, its unique-for-the-industry monthly subscription model has helped it maintain healthy profits from its loyal customer base in 2023. Founded in 2020 by two former Meta executives, Tome is a business-focused storytelling and presentation tool that leverages generative AI. million it generated in 2020.

Startup 210
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GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the grocery supply chain

TechCrunch LA

GrubMarket , which provides software and services that help link up and manage relationships between food suppliers and their customers — which can include wholesalers and other distributors, markets and supermarkets, delivery startups, restaurants, and consumers — has picked up $120 million in a Series E round of funding.

Startup 249
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The New Style of Startup Vision: Smaller But Sharper?

Tech.Co

Or are they simply becoming more realistic in what they promise to their customers and their own staff? Our solution for these outdated approaches was and still is, to use data and technology to constantly evolve our decisions around pricing and risk and therefore be able to offer insurance to these customers in a fairer, cheaper way.”

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