Startups that are Ramp-ing up, and startups that are full of sh** | TechCrunch
Aug 25, 2023 - news.bensbites.co
The latest episode of the Equity podcast discussed the week's biggest startup and tech news. Topics included Nvidia's impressive earnings report, Ramp's $300M fundraising at a $5.8 billion valuation, AI-powered writing tool Lex's $2.75M seed round, Northvolt's $1.2 billion funding for a new facility in the US, Better.com's public listing, and Cruise's accident in San Francisco. The hosts also highlighted the prevalence of startups focused on excrement in this year's TechCrunch Battlefield 200 companies.
The podcast, which unpacks the numbers and nuances behind startup headlines, is hosted by Mary Ann and Alex, and this week they were joined by Kirsten Korosec. The episode concluded with a reminder that Equity is released every Monday, Wednesday, and Friday at 7 a.m. PT and is available on various platforms including Apple Podcasts, Overcast, and Spotify.
Key takeaways:
Nvidia had a successful earnings report, showing significant company growth.
Ramp raised $300M, resulting in a multi-billion-dollar valuation, despite it being a down-round.
Swedish company Northvolt, which is part of the global battery-building boom, is building a new facility in the United States after raising $1.2 billion from BlackRock.
Better.com went public, but its SPAC-led public market listing was not well-received.
