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Entrepreneurship

Daily Crunch: Wefox CEO says $650M Series C was ‘much more than we wanted to raise initially’

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to Daily Crunch for June 1, 2021. We’re back from a long weekend here in the United States, which means that the blog has [CONTINUE READING]

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Entrepreneurship

SoftBank-backed construction giant Katerra said to be shutting down after raising billions

After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Information. Last year, the company claimed it had more than 8,000 employees globally. Menlo Park-based Katerra had already been struggling to [CONTINUE READING]