TechCrunch+ roundup: Food tech smorgasbord, VCs squeeze crypto founders, startup layoffs 101

Quick Summary

According to The Good Food Institute, fermentation startups received $290 million of the $911 million investors dropped on alternative protein companies in Q1 2022.

With VCs now backing out of deals or re-negotiating previously agreed-upon valuations, crypto founders are scrambling to raise as a recession looms and capital dries up, reported Jacquelyn Melinek.“It’s shocking how much VCs are willing to take advantage of people in this situation,” said one founder of a gaming crypto startup.

Offerings from Grab, “the everyday everything app,” run the gamut from grocery delivery to investment services; Malaysia-based AirAsia has rebranded itself as Capital A as it expands its offerings to encompass ride hailing, food delivery, and much more.

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Article Details

Author / Journalist: Walter Thompson

Category: Startups

Topics: Food tech Entrepreneurship EC roundup Venture Capital Blockchain Southeast Asia ECommerce Fearless fund Advertising Tech Ergeon Talent Labor Lawyers Cloud Climate SaaS Jungle ventures Software valuations Startups Verified Experts Enterprise GreenTech Food delivery Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-17, 18:58:34

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 7 minutes read

Article Length: 1187 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 489

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