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London s Stride VC raised second $138 6M seed fund, hunts for third partner – TechCrunch

London’s Stride VC raised second $138.6M seed fund, hunts for third partner Stride VC, a London-based seed investment fund, has raised its second fund, which will be £100 million ($138.6 million) identical to its first fund. The fund will invest primarily in London startups but also look at select European opportunities. The breakup of the LPs in the fund is 10% fund of funds, 60% other institutional, 28% family offices and 10% individuals. Stride said some 80% of this new fund came from returning LPs, and 20% from two new unnamed institutional investors. Stride does not have any public or government investment. Investors include the founders of Cazoo, King, PillPack and Dott, and institutional investors such as Delin Ventures, Draper Esprit, Mubadala and CNP (Groupe Frere).

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing – TechCrunch

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter @kirstenkorosec. Micromobbin’ JOCO, a new docked e-bike service in New York City, has launched and is already facing some headwinds. The service started with 300 e-bikes at 300 stations in private parking garages and plans to expand to about 1,000 e-bikes at 100 stations by June. That is, unless the NYC Department of Transportation has anything to say about it.

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
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Big Tech is now worth so much we ve forgotten to be shocked by the numbers – TechCrunch

Ready? Let’s talk money, startups and spicy IPO rumors. TechCrunch isn’t a public-market-focused publication. We care about startups. But public tech companies can, at times, provide interesting insights into how the broader technology market is performing. So we pay what we might call minimum-viable attention to former startups that made it all the way to an IPO. Then there are the Big Tech companies. In the United States the list is well-known: Facebook, Alphabet, Microsoft, Apple and Amazon. And, in a series of results that could indicate a hot market for startup growth, they had a smashingly good first quarter of 2021. You can read our notes on their results here and here, but that’s just part of the story.

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