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Equity

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

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 10 April 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Today on Equity’s startup-focused Wednesday show, we dug into the Multiverse-Searchlight 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 quick recent megaround. Put more simply, startup news is feeling very busy, and very high-dollar again, and that’s a lot of fun for the show. To round things out, we also squeezed in a new venture capital fund targeting growth-rounds in Africa. That's it for us today, but join us on Friday for our roundtable news roundup! Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday, and you can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full interview transcript, for those who prefer reading over listening, read on, or check out our full archive of episodes over at Simplecast. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

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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