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How are VCs handling diligence in a world where deals open and close in days, not months? The global venture capital market had a cracking start to the year. Coming off a 2020 high, VC totals in the United States, in Europe, and among competitive verticals like insurtechand AI are on pace to set new records in 2021. The rapid-fire deal-making and trend of larger venture checks at higher valuations that The Exchange has tracked for some time require private-market investors to make decisions faster than ever. For venture capitalists, the timeline for reaching conviction around a startup’s t...

Forerunner’s Eurie Kim will share why she invested in Oura on Extra Crunch Live When it comes to building a successful startup, biotech and hardware happen to be two of the most difficult verticals in the tech industry. But Oura is doing it anyway. The health and fitness tracking ring has been used in a number of studies around COVID-19 and been worn by NBA and WNBA players to help prevent outbreaks in the league. Oura has raised nearly $50 million from investors including Lifeline Ventures, Bold Capital Partners and Forerunner. So it should come as no surprise that we’re thrilled to have...

9 investors, execs and founders discuss Zagreb’s startup potential Startups may not spring to mind when speaking about the beautiful country of Croatia. Indeed, the country is most popular as a tourist destination, and given that tourism accounted for about 20% of its GDP in 2018, to an extent, its pre-pandemic focus was mostly on growing its share of the international tourism market. But Croatia’s entrepreneurs haven’t been quiet: Startups like Infobip and Rimac are significant local hero businesses now, and the region can boast of high-quality talent in the tech, automotive, manufactu...

A cooling trend in public markets makes UiPath’s down-round IPO a win for the company Robotic process automation (RPA) unicorn UiPath last night priced its IPO at $56 per share, above its raised price target range of $52 to $54. The company sold 9,416,384 shares at that price, alongside 14,474,393 from existing shareholders. Its underwriters can purchase 3,583,616 shares at its IPO price if they so choose. UiPath raised $527.3 million on a gross basis for the primary shares that it sold in the transaction, a deal that values the company at around $29.1 billion on a nondiluted basis. On a fu...

Everything else Announcing our TC Sessions: SaaS virtual event happening October 27 — The single-day event will take place 100% virtually and will feature actionable advice, Q&A with some of SaaS’s biggest names and plenty of networking opportunities. The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.