Crunchbase News

Crunchbase News is a digital publication covering the intersection of technology and money. It is an independent group which operates as part of the Crunchbase family. (Crunchbase is a public database of private companies that also sells data access and business intelligence tools.)  

COVID-19 Concerns Already Leading To Startup Layoffs In Austin

Over the past three years, I’ve been reporting on how the startup scene in Austin is booming. Record funding in 2019. New unicorns being born. More outside investors putting money into the market. But no city, no matter how much momentum it’s seen, is immune to the negative economic impact from the spread of COVID-19. Austin in particular already took a big hit when South By Southwest (SXSW) organizers had to cancel the massive annual event just weeks ago. Now the city, like many other tech...

Hospital-Disinfecting Robots: Xenex Sees Surge In Orders As COVID-19 Pandemic Escalates

As COVID-19 spreads across the world, hospitals have become ground zero for the virus. It can be challenging for all the surfaces in a hospital room to be thoroughly disinfected when that room is being cleaned and prepared for the next patient. This poses obvious health risks, especially during a pandemic. One company has developed a robot to help battle hospital-acquired infections (HAIs), and is now in a position to potentially help slow the spread of coronavirus within health care settings....

Telehealth Startup Nurx Rolling Out At-Home Test For COVID-19

Nurx, the telehealth startup known for delivering birth control and at-home sexually transmitted infection testing, is rolling out a home test for COVID-19. The company’s long-time partner, Molecular Testing Labs, is developing the test, which will be available as soon as Friday afternoon. “Drive-through testing is an option, but it doesn’t exist everywhere,” Dr. Chris Hall, Nurx’s senior medical adviser said in an interview with Crunchbase News. “We feel that all of the testing options are...

Massive Slowdown In 2020 VC Funding Hasn’t Happened … Yet

When crashes happen, inevitably the startup space gets hit, too. Funding slows, the IPO window closes and investors say no to bankrolling huge losses in the name of growth. Now that stocks are officially in bear market territory, and measures to curb coronavirus have turned the biggest tech hubs into work-from-home zones, we decided to check in to see if the downturn has yet impacted startup funding totals. The broad finding: Not quite yet. A Crunchbase global analysis of sizable venture...

The Travel Space Is Getting Crushed. How Bad Is That For Startups?

Shares of hotel chains, airlines and cruise lines have been getting crushed in recent weeks, as the spread of coronavirus has put a halt on travel plans. So what does that mean for startups? Although startups don’t have to weather the minute-by-minute valuation fluctuations of the public markets, the downturn in travel spending will obviously be disruptive to players in the space. And not in a good way. Travel cutbacks come at a particularly poor time for startup investors, who poured record...

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