Mosaic ‘Strategic Funding Platform’ Raises $25M Series B – TechCrunch

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Hello and welcome to the Daily Crunch on Wednesday March 30, 2022! It’s day two of Y Combinator’s Demo Day, which means the TechCrunch team reviewed over 400 startups over two days.

If you’ll forgive us, our brains are leaking out of our ears as we stare vaguely into the distance after some information overwhelms us – but one thing’s for sure: it’s a very exciting time in the startup world and the whole ecosystem. .

dive; water is non-fungible, COVID-free, and will likely launch a corporate credit card before long. – Christina and haje

TechCrunch’s top 3

  • “From Tiny to Powerful”: Fintech journalist Mary Ann Azevedo went out of the park today with financial news. First, she wrote about Cross River Bank, which secured a giant $620 million seed round that put its valuation at over $3 billion. This is not shocking because of the amount of venture capital injected into the sector. However, Cross River was not only an early recipient of fintech funding, fetching $30 million in 2016, but it has also been profitable since 2010.
  • Helping CFOs Manage High Growth: Mary Ann’s other story was about two Palantir alumni who provided tools for CFOs of high-growth companies. Mosaic raised $25 million in Series B funding from the Founders Fund to continue developing what the company calls a “strategic finance” category to get all departments of a company talking about finance. When you’re growing up, knowing your financial situation is definitely important.
  • Dyson wants you to mask up: Journalist Brian Heater wins ‘headline of the day’ for his story about, you guessed it, Dyson’s new portable air purifier.

Startups and VCs

It’s day two of Y Combinator Demo Day, and the TechCrunch team is back on the case, sifting through the shine of the meh for your reading pleasure. Lucas looked at crypto startups plotting their plans for global domination, and we looked separately at fintech companies and AI companies that also stuck their heads above the parapet.

If you have wild dreams of raising funds from Y Combinator yourself, come to our Early Stage conference in a few weeks, where Y Combinator’s Dalton Caldwell will give a “how to get into YC” presentation. If you really want to immerse yourself in demo days, also check out today’s excellent episode of our “Equity” podcast. I mean, with a headline like “Demo Days Definitely Amplify a Brand, Just Not the One You Think” how could you not?

In exciting hardware news, Boston Dynamics begins Stretch sales. It’s not as cute as the dog-shaped robot, but probably more useful for maneuvering around a warehouse.

🎵 Come with me, and you will be, in a world of pure imagination:

How to create a trailer for your startup pitch

Picture credits: Paolo Farinella/Getty Images

When you have the opportunity to sell your idea to an investor, it will likely be via video call, not across a table or desk.

Given the number of pitch calls investors take daily, “this new pitch model presents a new problem for founders,” says Flint Capital partner Andrew Gershfeld, whose firm reviews about “1,500 pitches online. per year”.

To cut through the noise, he recommends founders create a “trailer” to share with their network before they start approaching angels and VCs.

According to Gershfeld, “Since we don’t have the same in-person meeting opportunities, that’s how founders can get investors’ attention.”

(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can join here.)

Big Tech inc.

  • Get your groove on with friends: Spotify’s latest update to its Blend playlist building tool lets you see where your musical tastes overlap with a friend, then provides you with a common playlist.
  • Google has been busy: If you haven’t registered with Google in, oh, about a day, we have news for you. The first is that Google Workspace customers who are also Markdown fans have received good news in an update that Google Docs can now automatically convert Markdown formatting to rich text. Then we move on to Chrome OS, which is launching a new version of its operating system – the 100th, to be exact. One of the changes you’ll notice is the launcher, which we believe now leaves room for other windows. Finally, Google has rolled out improvements to its search security and how it will handle “personal crisis” queries.
  • EU wants products to last longer so they don’t end up in landfills: As the transition to a circular economy accelerates, the European Union is implementing eco-design plans with the aim of making products last longer so that they can either be reused or recycled.
  • WhatsApp gives voice to 7B messages: Journalist Manish Singh admits never using WhatsApp to send a voice message – and found it was in the minority. The communications giant said an average of 7 billion voicemails are transmitted through its app every day, and to celebrate it’s adding new features, like pausing during a message and being able to listen to it before pressing. “send”.
  • Visa joins the NFT movement: The NFT trend has certainly hit the e-commerce world, and credit card giant Visa wants in on the action. Its new NFT creation program aims to help small businesses enter the digital economy through a one-year immersion program.

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