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The Duolingo English Test

A VC: Musings of a VC in NYC

The “incumbent provider” of English proficiency tests, Test Of English As A Foreign Language (aka TOEFL), has had all of the companies and universities who accept it locked up for many years. But in some markets, incumbency matters more than better. It is two sides of the same coin. It costs less ($49 vs $205).

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. Public fintech stocks rose 97% in 2020. Dana Stalder.

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Cloud optimization startup ProsperOps lands $72M investment

TechCrunch

Incredibly, prior to the investment, ProsperOps had only raised around $800,000. “This investment allows us to expand the scope of the work we perform for our customers and continue growing our engineering and sales teams.” Growth Partners with participation from Active Capital and other unnamed investors. a few months).

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. Sennder’s new investment will mean it can expand in European markets.

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Accel backs Mexican startup Flink’s effort to bring consumer investing to Latin America

TechCrunch

we take for granted the ability to invest and trade in the stock market. For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population have the ability to invest in the capital markets just didn’t seem right. Here in the U.S.,

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Monzo Makes Money Work For Everyone

Y Combinator

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. When they joined, Monzo was generating $69M in revenues (in April 2020). expectations. to expect.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. A NetEase spokesperson declined to comment on the investment in IMVU.