Daily Crunch - PayPal acquires Curv

PayPal acquires a cryptocurrency startup, Apple discontinues the iMac Pro and McAfee sells its enterprise business. This is your Daily Crunch for March 8, 2021.

The big story: PayPal acquires Curv

This deal will grow PayPal’s cryptocurrency team by bringing on Curv, a startup working with exchanges, brokers and over-the-counter desks to help their users store crypto assets securely and access their wallets without requiring additional hardware.

The larger company already supports the buying and selling of cryptocurrencies, and it says it plans to launch new crypto-related products in other countries and in Venmo. Calcalist was the first to report the acquisition, and it said that the deal price was between $200 and $300 million, while another source tells TechCrunch that the price was less than $200 million.

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The tech giants

The iMac Pro is being discontinued — Apple will stop selling the all-in-one once the current stock is depleted.

McAfee sells enterprise biz to Symphony Technology Group for $4B — McAfee President and Chief Executive Officer Peter Leav said the company has decided to direct its resources to the consumer side of the business.

Google unveils $25M in grants aimed at empowering women and girls — Google.org’s new Impact Challenge, unveiled on International Women’s Day, is aimed at addressing systemic barriers and inequities.

Startups, funding and venture capital

UK challenger bank Starling raises $376M, now valued at $1.9B — Starling, which competes against incumbent banks, as well as other challengers like Monzo and Revolut, says it’s already profitable.

Cosi raises €20M for its ‘full-stack’ approach to short-term rentals — The company signs long-term leases with property owners, then furnishes those apartments itself to “control” the interior design experience.

Swiss maker of meat alternatives Planted will expand and diversify with $18M Series A — With new kebabs and pulled-style faux meats available and steak-like cuts in the (literal) pipeline, Planted has begun to set its sights outside central Europe.

Advice and analysis from Extra Crunch

From electric charging to supply chain management, InMotion Ventures preps Jaguar for a sustainable future — A look at InMotion Ventures, the independent investment and incubation initiative set up by Jaguar Land Rover.

Olo’s IPO could value the company north of $3B as Toast waits in the wings — Olo, the New York-based fintech startup that provides order processing software to restaurants, shared its initial IPO price range this morning.

White-label voice assistants will win the battle for podcast discovery — Listeners have never had so many choices for smart and compelling podcast content, with new exciting shows emerging daily.

(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

Everything else

Announcing the agenda for TC Early Stage — Operations & Fundraising — You’ve got questions. TechCrunch Early Stage will have answers for you on April 1 and 2.

A glimpse inside the minds of tech’s DEI leaders — We spoke with Uber Chief Diversity Officer Bo Young Lee and Netflix VP of Inclusion Strategy for Product Wade Davis about the work that still needs to be done.

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