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Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon
How to find your next VC
Alex Wilhelm
FDA grants emergency use authorization for Pfizer’s COVID-19 vaccine,
distribution to begin within days
Darrell Etherington
Gift Guide: Smart exercise gear to hunker down and get fit with
Darrell Etherington
Extra Crunch
What to expect while fundraising in 2021
Russ Heddleston

The Latest
Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon
2:00 PM EST•December 12, 2020
Editor’s note: Get this free weekly recap of TechCrunch news that any
startup can use by email every Saturday morning (7 a.m.
PT). Subscribe here. Maybe it is a stock market bubble, or a tech-
stock...

German Bionic raises $20M led by Samsung for

exoskeleton tech to supercharge human labor
Ingrid Lunden
5:31 AM EST•December 14, 2020
Exoskeleton technology has been one of the more interesting
developments in the world of robotics: instead of building machines
that replace humans altogether, build hardware that humans can wear
t...

Cledara, the SaaS purchase and

management platform, raises $3.4M funding
Steve O'Hear@sohear / 4:00 AM EST•December 14, 2020
 Comment
Image Credits: Cledara

Cledara, the SaaS purchase and management platform that helps bring
greater viability and control over a company’s sprawling software
subscriptions, has raised $3.4 million in additional funding.
The round is led by Nauta Capital, with participation from existing
investor Anthemis. It comes off the back of the startup growing
revenues by 20x in 2020 — including 7x since August, although
Cledara isn’t breaking out specific numbers.
Founded in July 2018 by Cristina Vila, after she experienced the SaaS
management problem first-hand while working at London fintech
Dopay, Cledara  has developed software to let companies track and
manage their SaaS usage and spending, including analytics to help
understand if it is money well-spent. Vila has since been joined by co-
founder and COO Brad van Leeuwen, who was previously an
executive at banking platform Railsbank, which is also a Cledara
customer.
Another Cledara feature is unlimited virtual debit cards to empower
employees and outside teams to purchase appropriate SaaS offerings
independently. This includes the option for management to approve
every purchase before it happens and access real-time updates on
what everyone is buying. Part of Cledara’s revenue comes from
interchange fees via said card spend, along with employing a SaaS
model itself with paid subscriptions.
Cledara picks up pre-seed funding to help companies manage their
SaaS spending
Counting over 100 customers overall, other businesses using Cledara
include Florence.co.uk, Unmind.com, and Butternut Box. To that end,
Cledara claims its customers reduce software spend by up to 30%,
while saving “hours” of manual admin work each month on things like
chasing SaaS invoices, bookkeeping and “complying with GDPR and
outsourcing regulations for regulated fintech”.
Image Credits: Cledara

The product is available in over 20 countries across Europe, including

U.K., France, Ireland, Germany and Spain. Meanwhile, Cledara says it
will use the new investment to accelerate product growth and for further
international expansion, including plans to enter the U.S.
“The continued acceleration of growth means we really need to grow
the team: we’ve had to slow down customer on-boarding in the past
month because of bottlenecks,” says van Leeuwen. “We will be
growing the team 4x before mid next year across all parts of the
business — support, success, product, engineering, compliance,
marketing and sales. This round brings us the funding to do that, and
more”.
More than half of those new hires are likely to be in Barcelona, after
Cledara opened a Spain office 4 months ago to ensure it can continue
to access talent outside of the U.K. post-Brexit.
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Cledara, the SaaS purchase and management platform,
raises $3.4M funding
Steve O'Hear
4:00 AM EST•December 14, 2020
Cledara, the SaaS purchase and management platform that helps
bring greater viability and control over a company’s sprawling software
subscriptions, has raised $3.4 million in additional fund...

Nokia launches a laptop in India

Manish Singh
2:59 AM EST•December 14, 2020
Nokia, the 155-year-old iconic firm that has manufactured a range of
items from rubber to cables to phones and telecommunications
equipment, is ready to expand to a new category. The Finnish firm o...

China fines Alibaba, Tencent’s e-book subsidiary over

anti-trust violations
Rita Liao
2:38 AM EST•December 14, 2020
The Chinese government is moving to curb the power of some of
China’s most influential internet companies. The country’s top market
regulator announced Monday that it is fining Alibaba ...

Appboxo gets $1.1 million seed to build a mini-app

ecosystem for all developers
Catherine Shu
2:18 AM EST•December 14, 2020
Pioneered by WeChat almost four years ago, mini-apps are now
common in China and India, and gaining traction in other markets, too.
Mini-apps, or lightweight apps designed for integration into host...

Ola to invest $327M to set up ‘the world’s largest scooter

factory’ in Tamil Nadu
Manish Singh
2:03 AM EST•December 14, 2020
Ola said on Monday that it has signed a memorandum of
understanding with the government of Tamil Nadu in India to set up
what it claims would be the “world’s largest scooter manufacturing
fac...

Reddit acquires Dubsmash

Catherine Shu
11:05 PM EST•December 13, 2020
Reddit announced that it has acquired short video platform
Dubsmash. The deal’s terms were undisclosed. Dubsmash will retain
its own platform and brand, and Reddit will integrate its video
creation...

TC Sessions: Space 2020

Dec 16 - 17
Meet the most important people in the space industry, across
public, private and defense.
Register today and save
Extra Crunch
An even bigger battle for gig worker rights is on the
horizon
Megan Rose Dickey
10:52 AM EST•December 13, 2020
In the year ahead, we’ll likely see lobbying efforts from both gig
companies and gig worker organizations — as well as more lawsuits.

Original Content podcast: David Fincher presents a

compelling character study in ‘Mank’
Anthony Ha, Jordan Crook, Darrell Etherington
9:00 AM EST•December 13, 2020
“Mank” is a change of pace for director David Fincher — instead of
exploring the world of startup backstabbing (“The Social Network”),
political backstabbing (“House o...

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Gillmor Gang: Strange Days Indeed
Steve Gillmor
6:05 PM EST•December 12, 2020
The place we’re in, the valley of the dolls between the vote and the
Inauguration, is overshadowed by the battle to save our lives. The
vaccines look promising, and so does the persistence of the T...

Where we’ll be next

TC Sessions: Space 2020

Dec 16 - 17

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Mar 3

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Early Stage 2021 Part 1

Apr 1 - 2

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TC Sessions: Mobility 2021

Jun 9

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Early Stage 2021 Part 2

Jul 8 - 9

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TechCrunch Disrupt 2021

Sep 21 - 23

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TC Sessions: SaaS 2021

Nov 3

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Human Capital: Dr. Timnit Gebru says Google’s memo

was ‘dehumanizing’
Megan Rose Dickey
6:00 PM EST•December 12, 2020
Welcome back to Human Capital, where I break down the latest in
diversity, equity and inclusion, and labor in tech. This week, Twitter
dropped its latest diversity report and Tesla released its fir...
How to find your next VC
Alex Wilhelm
4:00 PM EST•December 12, 2020
Welcome back to The TechCrunch Exchange, a weekly startups-and-
markets newsletter. It’s broadly based on the daily column that
appears on Extra Crunch, but free, and made for your weekend
reading. ...

This Week in Apps: Apple scolds adtech, Facebook hit

with antitrust suits, Twitter buys Squad
Sarah Perez
10:37 AM EST•December 12, 2020
Welcome back to This Week in Apps, the weekly TechCrunch series
that recaps the latest in mobile OS news, mobile applications and the
overall app economy. The app industry is as hot as ever, with a...
FDA grants emergency use authorization for Pfizer’s
COVID-19 vaccine, distribution to begin within days
Darrell Etherington
9:40 PM EST•December 11, 2020
The U.S. Food and Drug Administration (FDA) has granted an
Emergency Use Authorization (EUA) for the COVID-19 vaccine
developed by Pfizer and its partner BioNTech, the New York Times
first reported...

Daily Crunch: Hyundai acquires 80% stake in Boston

Robotics
Anthony Ha
6:51 PM EST•December 11, 2020
Hyundai takes a controlling stake in an iconic robotics company,
Twitter acquires a screen-sharing startup and we round up some
security-themed gift ideas. This is your Daily Crunch for December
11...

Oracle is headed to Texas now, too

Connie Loizos
5:31 PM EST•December 11, 2020
Austinites, watch out; another tech company is headed into town. Just
days after Tesla CEO Elon Musk revealed during an interview that he
has moved to Texas, and less than two weeks after HP Enterp...

Here comes the Faraday fabric

Devin Coldewey
3:13 PM EST•December 11, 2020
You don’t have to buy into 5G conspiracy theories to think that you
could do with a little less radiation in your life. One way of blocking
radiation is a Faraday cage, but this is usually a ...
Extra Crunch
General Catalyst’s Katherine Boyle and Peter Boyce are
looking for ‘obsessive’ founders
There are definitely people who are working at companies that we
start engaging before they even ...
Jordan Crook
3:00 PM EST•December 11, 2020
Give the gift of Extra Crunch for 25% off
Travis Bernard, J.M. Donaldson
2:32 PM EST•December 11, 2020
This holiday season, TechCrunch readers can send an Extra Crunch
annual membership as a gift to a friend, family member or co-worker
for 25% off.  The gifting feature can be found here. Extra Crunc...

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