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HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity

TechCrunch LA

We’ve created the HBCUvc Donor Circle as an opportunity for supporters and individuals to engage in our work and join a long-term strategy toward racial equity in venture capital and technology,” she wrote in the post. We cannot make significant progress in advancing racial equity without long-term financial commitment,” Mujhid wrote.

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Max Q: SpaceX gets ready for first human flight

TechCrunch LA

This week turned out to be a surprisingly busy one in space news — kicked off by the Trump administration’s FY 2021 budget proposal, which was generous to U.S. Satellite internet startup Astranis has raised a $90 million Series B funding round, which includes a mix of equity ($40 million) and debt facility ($50 million).

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Shareholders approve Bird-SPAC merger, stock promptly falls

TechCrunch LA

first spotted the vote news ; Bird is based in the Los Angeles metropolitan agglomeration. This year, the company expects — looking at predictions that included results through Q2 2021 — to post positive gross margins. million in Q2 2021, its best result ever, and one of only four quarters in which the result was positive.

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. Ghost itself closed on a Series A equity round of $13 million, along with $7 million in debt, in June. Syrup Tech bags $6.3M

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

billion in volume for the entire fiscal year of 2021 and Afterpay is projecting $16 billion in volume for its entire fiscal year. . March 2021 also represented a record month for global shopping volume with $6.9 in markets such as New York and Los Angeles. billion of purchases made through the Klarna platform.

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EV subscription startup Canoo, co-founder sued for alleged harassment

TechCrunch LA

Just weeks after Canoo took the wraps off of its electric vehicle , the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday. The first cars are slated to appear on the road by 2021.

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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. million commercial deliveries (up from 2 million in October 2021) and travelled over 3 million miles globally. It has now made more than 2.5

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