Daily Crunch: Avataar raises $45M Series B to improve 3D e-commerce product visualizations

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Hello and welcome to the Daily Crunch of January 7, 2021! It’s Friday and my neck of the woods is snowing like a Dickens. But it was no snow day in the tech world. not here All, In fact, a venture firm raised 10 figures of capital today. Can you guess who?

Before we jump into this, today’s Nerdshala staff highlights grace mendenhall, a member of Equity Team Who is also a documentary film editor. And she’s clearly the best. Now, news! ,alex

Nerdshala Top 3

  • a16z reloaded with $9B in new capital: The venture capital funding arms race continued this week with news that Andreessen Horowitz has committed $9 billion to venture deals, growth deals and investing exclusively in biotechs. As Nerdshala notes, the resulting dollar figure boosts the group’s last trio of similar funds. It would seem, there is an infinite capital appetite in today’s startup market.
  • Roblox pulls down Chinese app: Roblox’s LuoBuLeSi took off five months after it launched alongside Tencent in China. What happened? Maybe Roblox has some work to do on the data side of its service, something it hinted at in a statement. Regardless, the move is yet another example of how difficult it is for non-Chinese companies to manufacture and sell digital products in the country.
  • Google will investigate India: In the wake of industry complaints from newsgroups, India’s Competition Commission “said on Friday that Google dominates certain online services and its initial view is that Google has broken local antitrust laws,” Nerdshala reports. Given how big and lucrative the Indian market is, this is not good news for Mountain View.

Startups/VCs

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Before we jump into all the startup news of the day, Nerdshala has a little treat for you. We got seasoned venture capitalist Matt Murphy on the phone as the 2021 pre-tech boom, pre-tech bust, and today’s venture game come to a close to talk about its strengths and weaknesses. This is a good weekend read.

And now, the news:

  • Pendulum raises $5.9M for narrative tracking It’s funny, because the company’s target market is completely new to me. According to our reporting, Pendulum “helps companies, governments, and other organizations track harmful narratives on social media platforms and elsewhere on the web.” I guess you and I currently do this by reading a lot of tweets, but it makes good sense to see a company making software for it.
  • Peter Reinhardt leaves Twilio: Remember when Twilio bought the segment for $3.2 billion? It also bought the segment’s CEO, Peter Reinhardt, as part of the deal. Now, however, the exec is “leaving to become full-time CEO at Charm Industrial, a carbon mitigation startup he co-founded in 2018,” reports Ron Miller. i can’t quite connect Attraction And CarbonBut we’ll keep an eye on what the startup does next.
  • Avatar raises $45 million for “lifetime sized 3D product evaluation” No, it’s not “Avatar” like the movie. It’s Avatar, a US- and India-based startup that helps consumers “imagine products in the shape of real life and feel in their living rooms” using their phones. Given that we all want to buy more stuff online, but it’s not always easy to picture a new footstool in situ, I like what the company is doing. Not surprisingly, Avatar is working with e-commerce brands in categories like furniture.
  • Bfree wants to update the strange business of credit collection: If you’ve ever received a call from someone who thinks you’re in debt or someone who represents money, you might have realized how much fun it was to get a root canal. . BeeFree, a “Nigerian credit management fintech,” as Nerdshala puts it, is working to create something it considers more ethical debt collection. The company has just raised $1.7 million and is busy recruiting in 16 markets, we report.
  • From the CES beat: Nerdshala’s coverage of the great consumer electronics confab continued today, with posts on the promises of big tech and, well, all things metaverse, good and bad.
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if you need and also Startup News & Notes & Analysis This weekend, the Equity team has you covered.

After talking to marketing leaders for a year, here’s my advice to CEOs

image credit: Carol Yepes (Opens in a new window) / Getty Images

It’s a great time to launch a startup, but if you’re trying to grow one – well, winter is coming.

We’ve already noted the effects of new data regulations and consumers’ growing desire for more privacy, but here’s another log to toss on the fire of bad news: Marketing Budget in 2020, as a Percentage of a Company’s Revenue fell from 11% to 6.4%. Last year.

“This is the lowest ratio allocated to marketing in the history of Gartner’s annual CMO spending survey,” the research company reported.

Canvas Ventures co-founder and general partner Rebecca Lin has had dozens of conversations with early-stage founders in recent months.

In a Nerdshala+ guest post, she covers “downward pressure on marketing dollar efficiency” and shares several strategies that are producing results — as well as some “crazy ideas” that seemed ridiculous at the time. “

(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here,

Big Tech Inc.

  • Apple keeps working on its fitness product: Nerdshala today reported news about Apple’s fitness product, aptly named Fitness+. what’s new? The collections, we write, are “curated series of workouts and meditations” that aim at a specific goal. As we call it, “time to run,” an “audio running experience” is also new. Why doesn’t Apple just buy Peloton? I do not know.
  • When does Twitter Spaces become a podcast? We’re going to find out. Twitter is working on recording its own live-audio product, called Spaces. And the social network is saying it will include replay analytics. Which one is super cool? Twitter’s product team is bringing a really solid 2021 product cadence into the new year.
  • And finally, from CES, a Roundup of Electric Mobility Two-Wheelers There for everyone who lives in a city that hasn’t given up its soul to provide more parking for the lazy.

Nerdshala Expert

DC Specialist

image credit: Sean Gladwell/Getty Images

If you have a software consultant you think other startup founders should know, fill out the survey here.

Read one of the testimonials we received below!

Marketer: Ridhi Singh, Founder, 91ninja

recommended by: Anish Khadiya, Utility

Testimonial: “Ridhi and team 91Ninjas bring in sound domain knowledge, high quality thinking and focused execution. We have selected them for their expertise, disciplined approach and excellent work ethic. Thanks to Team 91Ninjas, our inbound marketing engine has picked up well. After arriving on the ship, he rapidly began work on several fronts. Notably, we saw good traction on the social media and content front. We saw a significant jump in organic traffic to blogs, and our search presence on domain-specific keywords has greatly improved.”



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