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Equity

A $60M venture fund with a twist, and more startup-on-startup acquisitions

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 10 April 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Today on Equity’s startup-focused Wednesday show, we dug into the Multiverse's acquisition of Searchlight, a deal that reminded us of the Wonderschool-Early Day transaction that we covered on the show a few weeks back. We also dug into the latest Guesty round, which was both large and interesting from a financial perspective, the Monad Labs transaction that led us to try and explain the difference between L1 and L2 blockchains, and Cyera’s recent megaround. Stick with us through the end to hear about a new venture capital fund targeting growth-rounds in Africa!

Transcript

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0:16.3

Hello and welcome back to Equity, the Tech Crunch Podcast, where we unpack the numbers and the nuance behind the headlines.

0:18.4

This is Alex and today is April 10th, 2004.

0:22.6

Welcome to our Wednesday show where we dig into the critical startup and venture

0:26.2

capital stories from the week thus far.

0:29.2

And today's show is packed because there was so much good stuff to choose from.

0:33.1

So here's what I picked.

0:35.1

Guesty's big new round that shows just how hard it is

0:38.3

to get a unicorn price tag these days.

0:40.9

Another startup buying a startup story,

0:43.2

you know I love those, why Monad Labs is such a gutsy venture deal,

0:47.9

Sayera and Cybersecurity,

0:49.9

and finally a new $60 million venture fund that has a very interesting geographical twist.

0:56.0

Let's go.

0:57.0

First up today is guesty, a platform that helps accommodation managers handle their business on platforms

1:06.1

like AirB&B and Verboo.

1:08.4

It just raised $130 million.

1:12.2

And sources tell Tech Runch that the company's valuation at its series F was around

1:17.0

900 million dollars post money.

1:20.0

Now the startup is based out of New York but does have roots in Israel and says that its revenue grew 5X in the last three years and it expects to turn profitable this year.

1:31.2

I'm reading the profitability point as, don't know cash flow positivity but regardless

1:36.5

those are pretty impressive numbers now the company wouldn't give us actual

1:40.5

revenue figures but I do think when we compare its price to its performance,

...

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