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Hello and welcome to Daily Crunch for January 14, 2022! I suppose that this has been the week of Wordle, in that everyone and their dog are tweeting their scores and results. A small bit of camaraderie for those of you out there who are not good at the game: I am also trash. And since I still get paid to write, I refuse to connect “Good at Wordle” with “Good at words!” – Alex
P.S. Speaking of words, the Equity team had a heck of a good time this week, in case you wanted a chatty dive through recent startup happenings.
The TechCrunch Top 3
Bolt raises $355M as the online checkout war continues: Bolt (not this Bolt) has raised a huge new round of capital that pushes its valuation to $11 billion. Bolt provides an online checkout solution for other companies. It competes, variously, with Fast and Checkout.com, which just raised $1 billion at a $40 billion valuation. You can argue that there is separation between the players in terms of where they sit in the world of online payments and checkout, but the overlap appears increasingly material between the competitors. (Just about one year ago we called the online check market a war; the battle continues.)
Major tech companies subpoenaed by Congress: As an investigation into the January 6 insurrection continues here in the U.S., major tech companies are being caught up in the hunt for answers. YouTube (Alphabet), Facebook and Instagram (Meta), Reddit, and Twitter appear to be in the line of fire.
All that glitters is not legit trading volume: As the market for non-fungible tokens – digital signatures on the blockchain that often point to assets stored on the traditional web, like images – heats up, we’re tracking the various exchanges where trading takes place. What we’ve most recently learned is that not all trading volume may be what it first appears.
Daasity raises $15M to help companies leverage e-comm data: Daasity is a startup that helps customers aggregate their…