Saturday, March 27, 2021

A look at Google's two-decade quest to compete with Amazon, as it now tries to present itself as a cheaper and less restrictive option for independent sellers (Daisuke Wakabayashi/New York Times)

Daisuke Wakabayashi / New York Times:
A look at Google's two-decade quest to compete with Amazon, as it now tries to present itself as a cheaper and less restrictive option for independent sellers  —  Google presents itself to independent sellers as cheaper and less restrictive.  But it is not clear whether it can change people's habits of going straight to Amazon.



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A look at Google's hands-off content moderation approach for Google Podcasts, where hate speech from white supremacists and pro-Nazi groups is easy to find (Reggie Ugwu/New York Times)

Reggie Ugwu / New York Times:
A look at Google's hands-off content moderation approach for Google Podcasts, where hate speech from white supremacists and pro-Nazi groups is easy to find  —  The platform's tolerance of white supremacist, pro-Nazi and conspiracy theory content pushes the boundaries of the medium.



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Curious How Big Fictional Planets Are? This Cosmic Video Compares Them All


Ever wondered how fictional planets like Hoth, Romulus, and Arakis stack up size-wise in comparison to each other, or to Earth? You’re in luck. YouTuber MetaBallStudios (real name Alvaro Gracia Montoya) did the math and their awesome video shows all kinds of sci-fi planets, small to large.

Read This Article on Review Geek ›



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

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion?

That’s how much Los Angeles-based ServiceTitan, a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

The company’s massive mint comes thanks to a new $500 million financing round led by Sequoia’s Global Equities fund and Tiger Global Management.

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.

In all, the new $500 million round likely sets the stage for a public offering later this year or before the end of 2022 if market conditions hold.

ServiceTitan now boasts more than 7,500 customers that employ more than 100,000 technicians and conduct nearly $20 billion worth of transactions providing services ranging from plumbing, air conditioning, electrical work, chimney, pest services and lawn care.

If Angi and Thumbtack are the places where homeowners go to find services and technicians, then ServiceTitan is where those technicians go to manage and organize their own businesses.

Based in Glendale, Calif., with satellite offices in Atlanta and Armenia, ServiceTitan built its business to solve a problem that its co-founders knew intimately as the children of parents whose careers were spent in the HVAC business.

The market for home services employs more than 5 million workers in the US and represents a trillion dollar global market.

Despite the siren song of global expansion, there’s likely plenty of room for ServiceTitan to grow in the U.S. Home ownership in the country is at a ten-year high thanks to the rise of remote work and an exodus from the largest American cities accelerated by the COVID-19 pandemic.

A focus on energy efficiency and a desire to reduce greenhouse gas emissions will likely cause a surge in residential and commercial retrofits which will also boost new business. Indeed these trends were already apparent in the statistic that home improvement spending was up 3 percent in 2020 even though the broader economy shrank by 3.5 percent.

“We depend on the men and women of the trades to maintain our life support systems: running water, heat, air conditioning, and power,” said Ara Mahdessian, co-founder and CEO of ServiceTitan. “Today, as both homeownership rates and time spent at home reach record highs, these essential service providers are facing rising demand from an increasingly tech-savvy homeowner. By providing contractors with the tools they need to deliver a great customer experience and grow their businesses with ease, ServiceTitan is enabling the hardworking men and women of the trades to reach the level of success they deserve.”



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How to See a Book’s Page Number on Amazon Kindle


When you read paperback and hardcover books, you use page numbers for tracking progress and for discussing parts of the book. But Amazon’s Kindle only shows you your location in the book by default. Here’s how to see real page numbers in a Kindle book.

Read This Article on How-To Geek ›



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Jeff Bezos’ investment fund is backing a startup hoping to be the AWS for SMB accounting

One of the biggest pain points for startups and small businesses is keeping up with back office tasks such as bookkeeping and managing taxes.

QuickBooks, it seems, just doesn’t always cut it.

Three-time co-founders Waseem Daher, Jeff Arnold, and Jessica McKellar formed Pilot with the mission of affordably providing back office services to startups and SMBs. With over 1,000 customers, it has gained serious traction over the years. And Pilot has now also received validation from some big-name investors. On Friday, the company announced a $100 million Series C that doubles the company’s valuation to $1.2 billion.

Bezos Expeditions — Amazon founder Jeff Bezos’ personal investment fund — and Whale Rock Capital (a $10 billion hedge fund) co-led the round, which also included participation from Sequoia Capital, Index Ventures, Authentic Ventures and others. 

Stripe and Index Ventures co-led Pilot’s $40 million Series B in April 2019. The latest financing brings the company’s total funding raised to over $158 million since its 2017 inception.

The founding team certainly has an impressive track record, having founded and sold two previous companies: Ksplice  (to Oracle) and Zupli (to Dropbox).

Pilot’s pitch is about more than just software. The company combines its software with accountants to do things such as provide “CFO Services” to SMBs without a full-stack finance team. It also provides monthly variance analysis for all its bookkeeping customers, essentially serving as a controller for those companies, so they can make better budgeting and spending decisions.

It also helps companies access small business tax credits they may not have otherwise known about. 

Last year, Pilot completed more than $3 billion in bookkeeping transactions for its customers, which range from pre-revenue startups to larger companies with more than $30M of revenue a year. Customers include Bolt, r2c and Pathrise, among others.

Pilot has also inked a number of co-marketing partnerships with companies such as American Express, Bill.com, Brex, Carta, Gusto, Rippling, Stripe, SVB, and Techstars.

Ironically, Pilot says it aspires to the “AWS of SMB backoffice.” (In fact, co-founder Waseem Daher started his career as an intern at Amazon). Put simply, Pilot wants to take care of all those back office tasks so companies can focus more on growth and winning business.

Pilot strives to offer an “exceptional customer experience,” which is reflected in the fact that over 80% of the company’s business is driven by customer referrals and organic interest, according to Daher.

Whale Rock Partner Kristov Paulus said that white-glove customer service experience and Pilot’s “carefully-engineered” software make a powerful combination.

“We look forward to supporting Pilot in their vision to make back office services as easy-to-use, scalable, and ubiquitous as AWS has with the cloud,” he said.

Pilot’s model reminds me a lot of that of ScaleFactor’s, an Austin-based startup that raised $100 million in a year before it crashed and burned. But the difference in this case is that Pilot seems to have satisfied customers.



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CEO Manish Chandra and investor Navin Chaddha explain why Poshmark’s Series A deck sings

Mayfield partner Navin Chaddha and Poshmark founder and CEO Manish Chandra met all the way back in 2003, well before Poshmark was even a glimmer in his eye. They stayed connected over the years, through Chandra’s sale of his startup Kaboodle to Hearst and after he left.

At a breakfast one morning, Chandra told Chaddha he was going to try to do everything from his iPhone for the next six months.

Over the course of that time, the idea for Poshmark started to percolate into something more concrete. Chandra, following Kaboodle, knew he wanted to do several things differently. The first was create an engagement and revenue model that was symbiotic, rather than starting with engagement and having to build out a business model later. He also knew he wanted to start with people first, and build a founding team that had deep DNA in the fashion world to pair with his technical background.

He met Tracy Sun, brought her on, and got to work.

This was back in 2011, and Chandra was absolutely adamant that he wanted Poshmark to be an app, not a website. So adamant, in fact, that during beta he actually provided 100 users with video iPods. (He recalled that he only got 20% of them back.)

“Lead with love, and the money comes.” It’s one of the cornerstone values at Poshmark. The company practiced that early on by holding IRL, and then virtual, parties, allowing users to show each other their wares and create an engagement cycle that offered instant gratification. The user base grew from 100 to 150 to 1,000 and so on.

“We still to this day use a similar kind of strategy in a much more compressed timeframe as we go to different countries,” said Chandra. “We focus on building the community first and then scale that community.”

Chaddha and Mayfield led the company’s Series A deal a decade ago. On the latest episode of Extra Crunch Live, Chandra and Chaddha sat down with us and walked us through that original Series A pitch deck (which you can check out below). They also participated in the Pitch Deck Teardown, giving their expert feedback on decks submitted by the audience. If you’d like your deck to be featured on a future episode of Extra Crunch Live, hit up this link.

Poshmark’s Series A Deck

Time stamp — 11:00

Poshmark was built on a couple fundamental premises. The first was that the iPhone would transform the way we do just about everything. The second was more pointed: That fashion, at the time underserved by technology, was a discovery process over a direct search process. A decade ago, Chandra envisioned a fashion marketplace that mimicked shopping in the real world — walk into a shop and let natural attraction do its thing — without holding any inventory.



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This Week in Apps: App Store bills gets ghosted, Dispo drama, Facebook’s Clubhouse clone

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global consumer spend in 2020.

Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.

Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year.

This week we’re looking at the case of the missing Arizona app store bill, the latest on the Dispo drama and Facebook’s new audio efforts, among other things.

This Week in Apps will soon be a newsletter! Sign up here: techcrunch.com/newsletters

Top Stories

So…where did that App Store legislation go?

Arizona’s Senate was supposed to vote on a controversial bill, HB2005, that would make it the first state to regulate the Apple and Google app stores. But though the vote was listed first on the Senate’s livestream agenda on Wednesday, March 24th, the vote never came up.

Basecamp co-founder and Apple critic David Heinemeier Hansson, who submitted testimony in support of HB 2005, basically called the lobbying system corrupt.

It’s true that Apple and Google had hired lobbyists to combat the bill, which would have threatened the companies’ ability to continue collecting their 15% or 30% commissions by allowing app developers to use third-party payment processors for sales and in-app purchases.

Apple had its own lobbyist, Rod Diridon, working on the Arizona bill, and was said to have hired Kirk Adams, a former chief of staff to Arizona Gov. Doug Ducey, to negotiate directly with the bill’s sponsor, Rep. Regina Cobb (R).

However, others countered the narrative being laid out by Hansson, saying that the bill’s existence in the first place was the result of lobbying from Epic Games and others, and many lawmakers didn’t even know what they were voting on. A similar bill was already voted down in North Dakota and HB2005 didn’t seem to have much support either, ahead of the would-be vote.

The Coalition for App Fairness (CAF), a group backing these bills, told us it didn’t know what happened to the bill, but was trying to find out.

Dispo loses investor support, Dobrik

Once-hot mobile photos app Dispo is becoming a case study as to why partnering with high-profile influencers and YouTuber-types without due diligence is just a bad idea. When a recent investigation exposed that a member of YouTuber David Dobrik’s “Vlog Squad” sexually assaulted her, Dispo’s early investors have been distancing themselves from the app.

Initially, lead investor Spark Capital said it would “sever all ties” with the company, TechCrunch’s Natasha Mascarenhas reported earlier this week. Dobrik also left the board and the company hours later. Two other investors, Seven Seven Six and Unshackled, said they would donate any potential profits from their Dispo investment into organizations working with survivors of sexual assault. (Cynically, one could argue, the firms don’t expect there to be much left to donate with this much of a stain on Dispo’s public image and the loss of its big-name backer in Dobrik).

Dispo had been valued at $200 million after its $20 million Series A, led by Spark Capital only weeks ago. The company released a statement saying it would continue to work on the platform.

Facebook’s Clubhouse rival looks like Clubhouse

New screenshots of Facebook’s unreleased audio product, still under development, show what appears to be a live audio broadcast experience that’s more of an extension of Facebook’s existing Messenger Rooms, rather than a standalone app experience. Facebook confirmed the images are examples of the company’s “exploratory audio efforts,” but cautioned that they don’t represent a live product at this time. The images show Clubhouse-like audio rooms with rounded profile icons and a listener section led by the speakers’ friends — very much like Clubhouse.

While the company said not to jump to any conclusions about what this all means in terms of a final product, it’s interesting to see how Facebook is thinking about social audio experiences and where they could fit in on its platform. In this case, it sees it as a third option in Messenger Rooms — users could start either a private video chat with friends or a private audio chat, or they could go live to the public on audio only.

Mark Zuckerberg (rather boldly) went on Clubhouse to praise Clubhouse for what it had pioneered, saying it would end up “being one of the modalities around live audio broadcast.” It seems Facebook sees Clubhouse as just another networking format to be knocked off, like TikTok’s vertical videos or Snapchat Stories — both of which Facebook later adopted for its own platforms.

Weekly News

Platforms: Apple

People noticed that recently created Shortcuts links broke this week, displaying a message “Shortcut Not Found,” instead of opening the Shortcuts app. The issue impacted everyone who has shared shortcuts. Apple said it was aware of the issue and working on a fix.

Apple rolled out its fifth developer betas for iOS 14.5, iPadOS 14.5 and other platforms, which was then shortly followed by the release of the public betas. These may be the last betas before the public launch, though Apple has gone beyond five betas in the past.

Apple responded to Australian Competition & Consumer Commission (ACCC), which is investigating the potential anti-competitive nature of the App Store, by saying that there were other options for developers to reach iOS users — like using a website. Some developers were not amused.

Apple also defended its App Review process to the ACCC, saying that it reviews 73% of prospective apps within 24 hours of being submitted by a developer, and offers details as to why an app didn’t comply with its guidelines. It also argued that it offers a worldwide support line that facilitates 1,000 calls per week in all 175 countries where the App Store operates.

A tentative initial witness list in Apple’s courtroom battle with Epic Games over Apple’s alleged monopolist practices includes Apple CEO Tim Cook, Software Engineering SVP Craig Federighi and Apple Fellow Phil Schiller (who helped launch and run the App Store). Epic will be calling its CEO Tim Sweeney and VP Mark Rein. Executives from Microsoft, Facebook and Nvidia are also included.

Platforms: Google

Google announced the Android Ready SE Alliance to make sure that new phones will be ready to support digital alternatives to things like car keys, house keys, wallets (think national IDs, mobile driver’s licenses, passports) and more. This requires that phones include tamper-resistant hardware called a Secure Element (SE) and StrongBox, an implementation of the Keymaster HAL that resides in a hardware security module, which launched with the Pixel 3 in 2018.

A bunch of Android apps, including Gmail and Google Pay, began crashing this week due to an issue with Android System WebView. Google addressed the problem by issuing updates for the standalone WebView app and Google Chrome.

E-commerce

H&M was removed from major e-commerce apps and platforms in China, including Alibaba’s Taobao, JD.com and Pinduoduo, Meituan’s shop-listing app Dianping, map apps from Tencent and Baidu, among other major online platforms. The Swedish retailer had decided to stop buying cotton from Xinjiang, where over 1 million members of the Uyghur and other predominantly Muslim ethnic minorities have been confined to detention camps, which are accused of imposing forced labor. Nike, Adidas, Burberry, Uniqlo and Lacoste also criticized China for expressing concern over Xinjiang, leading dozen of celebs to cancel endorsement deals.

NBCU struck a deal with Facebook and Instagram to extend its “shoppable opportunities” to social media platforms. The e-commerce partnership will put pitches from the TV company’s clients on its social handles on Facebook and Instagram.

Fintech

Robinhood, the free trading app and recent home to the GameStop frenzy, confidentially filed for an IPO. The company confirmed the filing in a blog post after several media outlets broke the news.

Social

TikTok belatedly banned some Myanmar accounts that posted violent videos supporting the military’s violent coup, saying that it was aggressively cracking down on accounts promoting violence. The takedowns of the video — some of which threatened protesters with death or spread hate-fueled claims — didn’t start until early March, a month after the coup began.

TikTok added an Ad Library tool that allows marketers to view the top performing ad campaigns taking place across the app. The “top ads” feature can also be filtered by vertical and region, then by time (last seven or 30 days), and performance (CTR, impressions, video view rate).

Snapchat is developing its own take on TikTok Duets with the test of a Snap Remix feature. Duets are a core part of what makes TikTok feel like a social network, rather than just a platform for more passive video viewing. Remix — which shares the name with an Instagram Duets-style feature that’s soon to launch publicly — lets users repurpose others’ Snaps for use in their own through a variety of formats.

Facebook is testing an app for prisoners who are re-entering society, Bloomberg reports. The “Re-Entry App” was shared at the top of some users’ Instagram feeds this week, offering early access.

Axios reported that Trump was in talks with no-name app vendors about creating his own social networking app. One of the companies he spoke to was the largely unknown platform called FreeSpace, which claims its network is designed to “reinforce good habits and make the world a better place.” The app includes a news feed, user profiles and group messaging features.

Parler says it sent the FBI over 50 posts about the Capitol riot ahead of January 6, The NYT reports. If accurate, it raises the question of whether or not the FBI took the threats seriously. The FBI has refused to comment on Parler’s statement. Meanwhile, Parler is facing a lawsuit by former CEO John Matze who claims he was forced out by conservative donor Rebekah Mercer.

U.K. watchdog says Facebook’s acquisition of Giphy raises competition concerns. The Competition and Markets Authority launched the first phase of its investigation in January, and notes that Giphy had competed with Facebook outside the U.K. in digital ad deals.

Twitter seems to be working on an audience picker for its upcoming communities feature, reports Jane Manchun Wong. This would be accessible from within the tweet composer screen.

Streaming & Entertainment

Spotify updated its mobile app with several changes to the Home hub. These include a way to rediscover recently played songs as far back as three months ago; a way for Premium users to view new and unfinished podcasts with a blue dot (new) and progress bar (unfinished); and a new section of personalized music recommendations. The company later in the week updated its desktop and web app, as well.

Triller forges licensing agreements with music publishers, Variety reports. The agreement with the National Music Publishers’ Association, which represents most American publishers, follows Universal withdrawing its entire library from the app last month, claiming Triller withheld payments. Triller claimed to have no idea why UMG would do this.

Clubhouse says its Android launch will “take a couple of months.” Before, the company had said it would be “soon” without promising any sort of time frame.

Gaming

Image Credits: Sensor Tower

Genshin Impact tops $1 billion on mobile in less than six months following its September 2020 launch, says Sensor Tower. During the last 30 days, the game ranked No. 3 on the App Store and Google Play combined, behind Tencent’s PUBG Mobile and Honor of Kings.

Gaming voice and text chat service Discord, which has expanded into other forms of social networking, is said to be exploring a sale that could be worth over $10 billion. Bloomberg reported Microsoft was in talks to buy the service for more than $10 billion but no deal was imminent and Discord may choose to go public instead.

PUBG Mobile has grossed $5 billion in revenue after generating an average of $7.4 million per day in 2020, Sensor Tower reports. Like many games, PUBG Mobile’s revenue soared during the height of the pandemic with record spending of $300 million last March, during lockdowns.

Google Stadia may soon get touchscreen controls on Android, 9to5Google found by digging into the Android app’s code. The controls would allow users to use gestures like tapping, swiping and pinching.

Education

Image Credits: Apple

Apple updated its Schoolwork and Classroom apps with a few more features aimed at making it easier to share projects and support remote learning, among other things. The company also announced a Teacher Portfolio badge that would be awarded to teachers who completed a series of lessons focused on learning foundational skills on iPad and Mac.

Health & Fitness

Image Credits: Tile

Tile’s lost item-tracking service arrived on wearables for the first time thanks to a new partnership with Google’s Fitbit. Through a Fitbit app update, new and existing Fitbit Inspire 2 owners will gain access to Tile’s Bluetooth-based finding network to locate their misplaced Fitbit.

Health and fitness apps’ downloads increased 20% in 2020 due to the pandemic and users shifting to at-home workouts, says App Annie. In the IoT and fitness-tracking app space, Mi Fit, Strava, MyFitnessPal, Google Fit, Fitbit, BetterMe, Runtastic, Nike Training Club, Step Tracker by Leap Fitness and Samsung Health saw the most downloads last year.

Data shared by Uswitch notes that demand for sleep apps increased by 104% during the pandemic, while demand for wellness apps grew 26% since March 2020.

Productivity

Slack CEO Stewart Butterfield teased new Slack features were in beta testing: an asynchronous audio messages feature, a Clubhouse-like drop-in voice chat and Slack Stories. The exec announced the news in the PressClub show on Clubhouse, adding “good artists copy, great artists steal.”

Slack also this week launched a new universal DM system called Connect DMs, which allows any Slack user to direct message any other Slack user. The system was immediately called out for potentially enabling harassment and abuse, leading the company to pull the ability to customize the invite message.

Cortana has begun to warn its iOS and Android users that it will be shut down on March 31st. Microsoft pulled back on Cortana last year, but Cortana is still accessible on Windows. The company is also discontinuing Cortana support on the Harman Kardon Invoke speaker, as well.

Opera’s Touch iOS web browser app, now rebranded just Opera, released a major update that modernized the UI with a more flat look, a new color palette, reworked text and new icons in the bottom bar and in the “Fast Action” button, which lets you get to favorite destinations quickly. It also adds a built-in Ethereum wallet.

Privacy & Security

China defined new rules over information apps can collect, saying that users of short video, news, browser and utility apps can access basic services on these platforms without providing their personal info. The new regulation goes into effect May 1 and covers 39 app categories — including also messaging, online shopping, payments, ride hailing, short video, livestream and mobile games — where it specifies what information is necessary to use the app (e.g. if e-commerce, a user’s phone number, name, address, and payment info).

The Indian government is trying to stop WhatsApp’s controversial privacy policy update with an antitrust investigation into the policy changes, in order to determine the full extent of the app’s data-sharing practices enabled through the “involuntary consent” of WhatsApp users.

An investigation by The NYT found that Britain’s top gambling app, Sky Bet, was compiling extensive records about users. Either the app or one of the data providers it hires to collect info on users had access to users’ banking records, mortgage details, location and gambling habits.

Apple responded to ProtonVPN’s claims that Apple was standing in the way of human rights by rejecting one of its app updates. The VPN maker attempted to tie the rejection to the coup in Myanmar, saying that people in the country use its app to bypass internet crackdowns and share information about the ongoing “crimes against humanity” taking place in the country. Apple responded to the attack by noting that it had only asked the developer to reword its description so it doesn’t read like it’s encouraging users to bypass geo-restrictions or content limitations (you know, which would be illegal). And it pointed out that all Proton’s apps have remained available in Myanmar this whole time.

Facebook caught Chinese hackers using fake personas to target Uyghurs abroad. The social network caught the network of China-based hackers using fake Facebook accounts where they posed as activists, journalists and other sympathetic figures to send the targets to compromised websites. The hacking groups are aiming to gain access to the targets’ devices by getting them to install malicious apps for surveillance purposes.

A cybersecurity review of TikTok by the University of Toronto’s Citizen Lab says it’s not worse than Facebook in either data privacy or security. This, however, may be a low bar.

Scam apps have stolen more than $400 million from users across the App Store and Google, according to a study by Avast. The company reported 204 so-called “fleeceware apps” with over a billion combined downloads that trick users into free trials but then overcharge them with subscriptions that are as high as $3,432 per year.

Funding and M&A

💰 Messaging app Telegram raised over $1 billion through bond sales to multiple investors, including a combined $150 million investment by Mubadala Investment Co. and Abu Dhabi Catalyst Partners, which is part-owned by the Abu Dhabi state fund. Last week, this column noted that the app had owed its creditors around $700 million by the end of April, per The WSJ’s report.

💰 Fortnite and Houseparty owner Epic Games is reportedly closing on $1 billion in new funding that will value its business at $28 billion.

🤝 Twitter acqui-hired the team from API integration platform Reshuffle to work on its own developer API platform. The team of seven, including two co-founders, will immediately begin work on building tools for Twitter developers while Reshuffle’s business is wound down.

💰 Link-in-bio company Linktree, whose mini websites get linked to by creators in your favorite social apps, raised $45 million to develop new social commerce tools. The company says a third of its 12 million users have signed up within the last four months — a trend partially driven by the pandemic.

📈 South Korea’s largest travel app Yanolja is in talks with banks to go public through a dual listing in Seoul and overseas. The company is aiming for a $4 billion valuation.

📈 ironSource, a business platform for the app economy, reached an agreement with Thoma Bravo’s blank-check firm to go public via a SPAC at a $11.1 billion valuation.

💰 Ryu Games raised a seed round of $2.3 million for its service that helps developers add cash tournaments to their mobile games. The company is aiming to be present on a few dozen games this year.

💰 Nigerian fintech Bankly raised $2 million for its app that digitizes cash for the unbanked, in a round led by led by Vault.

💰 Mumbai-headquartered Indian fantasy sports app Dream11’s parent firm, Dream Sports, raised $400 million in a round led by TCV, D1 Capital Partners and Falcon Edge, valuing the business at nearly $5 billion.

💰 Indian social network Public App raised $41 million just six months after its $35 fundraise, valuing the business at over $250 million — or more than double the valuation since the prior fundraise. The app now has over 50 million users, including over 50,000 elected officials, government authorities and citizen journalists.

💰 U.K.-based stock trading app Freetrade raised a $69 million Series B from Left Lane Capital. The Robinhood-like app offers free trades and the ability to buy fractional shares. The company is now valued at $366 million.

💰 Indonesian savings and investment app Pluang raised $20 million in pre-Series B funding led by Openspace Ventures. The company offers savings and investments products that allow users to make contributions starting at 50 cents (USD).

💰 AR pioneer Blippar returns with $5 million in funding after 18 months of repositioning as a B2B company in the AR space. Blippar’s AR Studio can help brands with AR on the web and inside their apps or Blippar’s own app.

Downloads

Avatarify

Image Credits: Avatarify

Avatarify is another app benefitting from the current interest in bringing photos to life. We’ve already seen apps like MyHeritage, TokkingHeads, Wombo and Piñata Farms introduce their own ideas in this space — whether it’s recalling long-lost relatives or just making a celeb lip sync to Michael Jackson. Avatarify, meanwhile, will let you record a short video which it then uses to animate any photo of your choice — even photos of art, babies or pets. The app is moving up the charts to now No. 28 on the App Store.

Vinyls

Image Credits: Vinyls

Vinyls, reviewed this week by iMore and recently by 9to5Mac as well, is a minimalist music player for Apple Music subscribers. The app was built by the developer behind the Twitter client Aviary, and displays a spinning vinyl record when music is playing. The app also animates a tonearm that aligns itself with the current playback time and moves in and out when playing and pausing the music. You can also “scrub” the vinyl to seek forwards and backwards. Vinyls is available on Mac, iPhone and iPad.



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China-based Q&A service Zhihu closed down 11% in its US trading debut on Friday, after raising $522.5M in an IPO; Zhihu had 75.7M MAUs in Q4 2020, up 33% YoY (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:
China-based Q&A service Zhihu closed down 11% in its US trading debut on Friday, after raising $522.5M in an IPO; Zhihu had 75.7M MAUs in Q4 2020, up 33% YoY  —  - Zhihu falls 11% in U.S. trading debut after $522.5 million IPO  — Alibaba, JD.com, Tencent join $250 million private placement



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