Category Archives: america

Crowned by Burger King, meat replacement company Impossible Foods raises $300 million

After being crowned by Burger King as the first meat replacement patty to roll out nationally with one of the largest fast food chains, Impossible Foods has raised $300 million in capital. The financing brings the company’s total equity raise to $750 million — and provides a sizable pool of funds to draw from as it continues to compete with its newly publicly traded rival, Beyond Meat. Beyond Meat rockets in early trading on Nasdaq, reaching a valuation of over $3 billion Both companies are looking to […]

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Unshackled Ventures has $20M to invest exclusively in immigrant founders

Unshackled Ventures isn’t like other venture capital funds. The firm invests in immigrant founders and helps them secure visas so they can ditch their corporate job and launch the startup of their dreams. Today, Unshackled is announcing its sophomore fund of $20 million, topping its debut effort by $15.5 million. “The point is to take the burden off of founders because they are not immigration experts, they are experts at building satellites or extracting protein from plants,” Unshackled founding partner Nitin Pachisia told TechCrunch. “These are people […]

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Beyond Meat prices its public offering

Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has priced its initial public offering. The company is looking to raise roughly $200 million in the stock sale for its portfolio of burger, chicken and sausage replacements, selling 8.75 million shares of common stock at an upper limit of $21 per share that would value Beyond Meat at more than $1 billion. The Los Angeles-based company’s public offering should be a nice windfall for the Chicago-based investors DNS Capital, […]

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Clutter confirms SoftBank-led $200M investment for its on-demand storage service

There’s plenty of speculation right now around apparently disgruntled investors in SoftBank’s Vision Fund, but the drum continues to beat and the checks continue to be written. The latest deal for the $100 billion mega-fund is Clutter, an on-demand storage company that pulled in $200 million in new financing for growth. Eagle-eyed viewers will recall that TechCrunch broke news of an impending SoftBank-led round of that size back in January, and now it is official. The startup is one of a number of companies that provide storage options […]

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FDA chief summons Altria and JUUL to Washington to discuss teen vaping

The head of the U.S. Food and Drug Administration is calling Altria and Juul to meet in Washington to discuss their tie-up and how it impacts the companies’ plans to combat teen vaping. Earlier this year, Altria  href=”https://techcrunch.com/2018/12/20/juul-labs-gets-12-8-billion-investment-from-marlboro-maker-altria-group/”>invested $12.8 billion investment in Juul. “After Altria’s acquisition of a 35 percent ownership interest in JUUL Labs, Inc., your newly announced plans with JUUL contradict the commitments you made to the FDA,” Commissioner Scott Gottlieb wrote in a strongly worded letter addressed to Altria chairman and chief executive, Howard […]

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Economist Tyler Cowen launches a fellowship and grant program for moon shot ideas

Tyler Cowen, who I interviewed here, is a fascinating economist. Part pragmatist and part dreamer, he has been researching and writing about the future for a long time in books and his blog, Marginal Revolution. Now he and his university, George Mason, are putting some money where his mouth is. Cowen and the team at GMU are working on Emergent Ventures, a fellowship and grant program for moon shots. The goal is to give people with big ideas a little capital to help them build out their […]

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The FDA OK’d an app as a form of birth control

Don’t want to get pregnant? There’s a Food and Drug Administration approved app for that. The FDA has just given the go ahead for Swedish app Natural Cycles to market itself as a form of birth control in the U.S. Natural Cycles was already in use as a way to prevent pregnancy in certain European countries. However, this is the first time a so-called ‘digital contraceptive’ has been approved in America. The app works using an algorithm based on data given by women using the app such […]

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