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Welcome to Startups Weekly — TechCrunch ’s weekly recap of everything you ca n’t miss from the globe of startups . Sign uphereto get it in your inbox every Friday .
Most interesting startup stories from the week
Even seemingly crowd class can see newcomers rise up the ranks . This includes societal media : A new app callednoplacehitNo . 1 on the App Storeright as it establish out of invite - only mode .
Besides confirming user appetency for novel course of social media , this also goes to show that it is still potential to go viral in 2024 , as didFrench app ten tenearlier this class . Both apps also show that there ’s economic value in revisiting older tech ideas — Myspace for nospace and walkie - talkies for ten ten .
It is also a reminder that consumer technical school can find VC backers . It is a segment noplace CEO Tiffany Zhong knows well ; before start this party and levy support from investors , let in Alexis Ohanian ’s 776 and Forerunner Ventures , she help Binary Capital origin other - stage consumer deals before creating other - microscope stage consumer store Pineapple Capital .
Most interesting fundraises this week
One surface area of technical school that ’s particularly bright is inauguration struggle Crab — and getting venture financing to do so . Biotech startupGranza Biois one of these and farm a $ 7 million seed from Felicis , Refactor , and Y Combinatorto approach obstetrical delivery of cancer treatment .
Granza Bio is a wintertime 2024 Y Combinator grad , and YC require to back more startups like it . YC’srequest for startups(RFS ) shared in February include a call for “ a way to end cancer . ” The primary focus of that RFS was on startups that can reduce the monetary value of MRIs — not a perfect result since MRIs are known to produce false positives . So it ’s noteworthy that the accelerator is actually border on the conflict against cancer from multiple angle , including biotechnology .
Another interesting note : Felicis is a generalist VC firm but invests 10 % to 15 % of its majuscule into biology - focused startups . That ’s also a sign that biotech is going mainstream and is another reason to keep an eye on new startupsemerging in this space .
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Most interesting fund news this week
Last but not least
Evolve Bank’sdata breach is post waves through fintech , with several startups caught in the turmoil . Yieldstreet confirmed some of its customerswere affected , as didWise . Meanwhile , Fintech Business Weekly generator Jason Mikula enounce he receiveda cease - and - desist letter of the alphabet from the bank , amid business organisation that all the impacted fintechs may not yet have received details about what information was stolen in the breach .
