Welcome to Startups Weekly<\/em> \u2014 your weekly recap of everything you can\u2019t miss from the world of startups. <\/em>Sign up <\/em>here<\/em><\/a> to get it in your inbox every Friday.<\/em><\/p>\n This week, I explored what happened to one Norwegian hardware startup, whose cap table was sufficiently wonky that three different investors concluded that it was essentially uninvestable as is. Luckily, they had some advice for how to change that<\/a>.<\/p>\n I also looked at another startup \u2014 a Turkish company that raised a $4 million round<\/a> \u2014 that wouldn\u2019t really be able to exist if the country didn\u2019t have some pretty hardcore import taxes in place, exploring the strange world of economic incentives of building behind a wall of tariffs.<\/p>\n Meanwhile, you wait for months for a good acquisition story, and then a ton of them come along all at once! In the photography space alone, I covered two: Nikon bought cinematic camera company RED<\/a>, and in the photo, video and lens rental space, Lensrentals bought up its archrival BorrowLenses<\/a>.<\/p>\n But wait! There\u2019s more!<\/p>\n Image Credits:<\/strong> udemy<\/p>\n<\/div>\n Welcome to the latest episode in our occasional miniseries \u201cMicromobility Melodrama!\u201d Paris\u2019 Cityscoot, the pioneer of shared electric mopeds, has officially passed the baton to Cooltra in a court-approved acquisition. Once hailed as the future of urban transport, Cityscoot found itself in a pickle, or rather, court-ordered receivership, as the once benevolent 0% interest rates turned villainous, leaving the company and its iconic white-and-blue mopeds stranded. Cooltra, seizing the day (and Cityscoot\u2019s user base), swooped in with a modest \u20ac400,000<\/a>, promising a smooth transition where the only noticeable change for users might be the new stickers on their rides.<\/p>\n Meanwhile, in the latest \u201cSurvivor: E-commerce Aggregator Edition,\u201d Razor Group and Perch have decided to form an alliance<\/a>, seemingly unfazed by the recent demise of their fellow contestant, Thrasio<\/a>. With a war chest of $100 million and a debt that\u2019s more \u201clong-term relationship\u201d than \u201cfling,\u201d they\u2019re ready to take on the Amazon jungle. Razor, now strutting around with a $1.7 billion valuation cap, and Perch, the damsel in distress no more, are betting that their combined tech and Shein-envy will make them the last ones standing.<\/p>\n Have another handful:<\/p>\n Successful merger in customer success: <\/strong>in B2B land, Totango and Catalyst have decided to join forces,<\/a> not with a flash of cash, but with a merger of stocks.<\/p>\n We were surprised to learn: <\/strong>Accenture has snapped up Udacity<\/a>, the learning platform that\u2019s been around the block since 2011, hoping to inject some digital savvy into the workforce with a side of AI flair.<\/p>\n Up-to-the-decade information: <\/strong>Anthropic\u2019s new chatbot was a bit on the meh side, insisting it couldn\u2019t answer because its knowledge only extends up to 2021<\/a>.<\/p>\n Image Credits:<\/strong> Getty Images<\/p>\n<\/div>\n Among HR tech gladiators, where the Deels and Riplings tower like Goliaths with their venture capital cannons fully loaded, along comes Remofirst, the plucky David, not with a slingshot but with a $25 million Series A war chest<\/a>. This HR tech underdog is offering to hire employees and contractors across 180 countries without the hassle of setting up local entities. Personally, I\u2019m struggling to figure out how it\u2019s different from Deel and Ripling \u2014 other than the cheaper price tag. Congrats on the $25 million! Incidentally, in the same industry, Deel acquired PaySpace this week<\/a>.<\/p>\n London fintech darling Monzo has been on a bit of a roller coaster over the past few years. The company just bagged a cool $430 million<\/a>, hitting a lofty $5 billion valuation and making the financial world do a double take. Despite a past that\u2019s seen more ups and downs than a soap opera, including a U.S. adventure that ended faster than a New York minute (the company withdrew its U.S. banking application<\/a>) and a valuation wobble that would make even seasoned investors queasy, Monzo\u2019s managed to pull a phoenix act. With 9 million Brits now swiping their Monzo cards and a product lineup that aims to be the Swiss Army knife of finance, Monzo\u2019s message is clear: Reports of its demise were greatly exaggerated.<\/p>\n A handful more:<\/p>\n Keepin\u2019 tabs, raising cash: <\/strong>Axonius, the digital equivalent of a nosy neighbor keeping tabs on every digital asset in the enterprise neighborhood, has just pocketed another $200 million<\/a> to keep things locked down even more efficiently. \u201cI didn\u2019t feel the need to increase the valuation from the last round,\u201d CEO and founder Dean Sysman said when asked about the valuation.<\/p>\n One step closer to the digital worker: <\/strong>Ema struts out of stealth mode with a $25 million fund<\/a>, flaunting its ambition to become the universal AI employee that\u2019ll take the drudgery out of your job.<\/p>\n Pack yer bags, we\u2019re off: <\/strong>In the post-COVID tourism revival, Mews, the tech concierge for the hotel world, is riding the wave with a fresh $110 million in its coffers<\/a>. Valued at a cozy $1.2 billion, Mews is the belle of the ball, despite not yet turning a profit.<\/p>\n In the latest installment of \u201cAs the Musk Turns,\u201d the tech world\u2019s favorite drama king, Elon Musk, finds himself in the legal spotlight once again, this time courtesy of Twitter\u2019s ex-royalty seeking their $128 million pot of severance gold. After Musk\u2019s hostile takeover of the bird app (now sporting an \u201cX\u201d on its chest), he promptly showed the door to CEO Parag Agrawal and his merry band of executives, sparking what could only be described as a Silicon Valley rendition of \u201cThe Hunger Games.\u201d Musk, ever the gentleman, allegedly vowed to pursue these C-suite escapees to the ends of the earth, or at least until their bank accounts dry up. The lawsuit paints Musk as a mix between a scorned lover and a Bond villain, accusing him of financial ghosting on a corporate scale<\/a>.<\/p>\n Meanwhile, Musk makes sure that the torrent of legal paperwork flows both ways by suing OpenAI, the prodigal AI child he helped birth, for turning into a profit-hungry beast under the influence of Microsoft\u2019s billions. Musk paints a picture of an AI utopia where algorithms frolic freely for the good of humanity, alleging that OpenAI\u2019s founders seduced him with tales of nonprofit nobility<\/a>, only to pivot to a for-profit model faster than you can say \u201cAGI.\u201d In the lawsuit, Musk portrays himself as the jilted benefactor watching his altruistic AI dreams get cozy with Microsoft\u2019s commercial ambitions. A bit rich, if you ask yours truly, given everything else we know about Musk, but there you go.<\/p>\n Break out the popcorn, I guess.<\/p>\n Every week, there\u2019s always a few stories I want to share with you but that somehow don\u2019t fit into the categories above. It\u2019d be a shame if you missed \u2019em, so here\u2019s a random grab bag of goodies for ya:<\/p>\n No Seinfeld marathon for you!: <\/strong>Roku users around the country turned on their TVs this week to find an unpleasant surprise: The company required them to consent to new dispute resolution terms in order to access their device. The devices are unusable until the user agrees<\/a>.<\/p>\n Aww, it got all over the interneeeeet: <\/strong>In a plot twist that reads like a cyber thriller, YX International, the SMS hub routing millions of texts across the globe, recently played the role of the inadvertent villain by leaving a digital door wide open<\/a>. Whoops.<\/p>\n But how were you to share with the world that you voted?: <\/strong>Very sus, some might say, as Meta\u2019s social media trifecta \u2014 Facebook, Instagram, and the new kid on the block, Threads \u2014 decided to take an unscheduled vacation, leaving users staring at error messages<\/a> and longing for the digital embrace of their newsfeeds, as the U.S. went to vote in our Super Tuesday primary elections.<\/p>\n Insert clever Fortnite reference here: <\/strong>The Apple-Epic Games saga has taken a new turn today as the Fortnite game developer shared that Apple has terminated its developer account<\/a>.<\/p>\n Maybe stay somewhere else: <\/strong>Airbnb is doling out new badges. The underachievers \u2014 the bottom 10% \u2014 get their own badge of shame<\/a>, a digital dunce cap signaling to travelers to swipe left.<\/p>\n<\/p><\/div>\nMost interesting startup stories this week<\/h2>\n
Most interesting fundraises this week<\/h2>\n
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<\/p>\nThis week\u2019s big trend: Lawsuits and Musk<\/h2>\n
Other unmissable TechCrunch stories \u2026<\/h2>\n