Top tech startup news for today, Monday, March 9, 2020: Twitter, Facebook, Banzai, Goodlord, TFLiving
Happy Monday morning! Below are the top tech startups news for today, Monday, March 9, 2020.
Twitter CEO Dorsey keeps his job after company strikes investment deal with Elliott Management, Silver Lake. Last month, we reported that Elliot Management was buying a stake in Twitter and also seeking for management changes as part of the deal. For now, it seems Jack Dorsey will be able to keep his job as CEO, the company announced Monday. Elliott launched a campaign to remove Dorsey as CEO after he announced he would temporarily move to Africa while running both Twitter and Square. Last week, Dorsey said he might cancel those plans, partially blaming coronavirus fears. As part of the deal, both Silver Lake and Elliott will have seat on Twitter’s board and includes funding for a $2 billion share repurchase program.
Seattle-based SaaS startup Banzai scores $7M Series A funding to simplify event marketing. Banzai, a Seattle, Washington-based cloud software-as-a-service provider of Event Marketing Automation solutions for enterprise marketers, today announced that it has raised $7 million to double its headcount and to expand its product and service offerings in the Event Marketing Automation category. The round, which was in the form of equity financing, was led by DNX Ventures, with participation from Vulcan Capital, the multi-billion-dollar investment arm of Vulcan Inc. Founded in 2015 by Alexey Melnichenko, Andy Linteau, Joe Davy, Banzai is a cloud software-as-a-service company that provides Event Marketing Automation software used by companies like Microsoft, Google, and Oracle. Banzai connects people to life-changing experiences. Its suite of Event Marketing Automation solutions maximize audience reach, simplify event invitations, increase the quality of registrations, and prove ROI for field marketers through a single platform.
Tech startups aim to bring big conferences online as coronavirus triggers cancellations and spread around the world. Tech startups around the world are canceling several major tech conferences including Mobile World Congress and Facebook’s F8 event due to the coronavirus outbreak. Hosting events startups like Hopin and Run The World said they they’ve seen a big increase in demand as event organizers look for alternatives due to health concerns. “We’re pushing out the product faster than we expected to,” said Hopin’s co-founder and CEO, who recently raised seed funding from venture capital firms Accel and Northzone.
London-based PropTech startup Goodlord raises $13M Series B funding to create world’s best renting experience. Goodlord, a London, UK-based property technology startup has raised $13 million (£10 million) Series B to make renting simple and transparent for everyone involved by using its mobile-friendly technology to streamline the lettings process for agents, landlords and tenants. Backers for this round include Latitude Ventures, the Series B+ sister fund to LocalGlobe known for backing scaling European success stories such as Transferwise, Zoopla, Monzo, TravelPerk, and SecretEscapes. Founded in 2014 by Philip Mundy, Richard White, and Tom Mundy, Goodlord’s cloud-based software digitizes tenancy creation and progression, allowing Goodlord to cut pointless, time-consuming administration for agents while transforming the tenant and landlord experience.
Facebook temporarily bans ads, listings for medical face masks amid coronavirus outbreak. Facebook is temporarily banning ads and commerce listings selling medical face masks. The social media giant said it will begin to enforce the temporary ban on these type of ads “over the next few days.” Facebook Director of Product Management Rob Leathern announced the change in a Friday tweet. The social media giant will begin to enforce the temporary ban on these type of ads “over the next few days,” the company said in a blog post.
TFLiving raises $4.8 million in seed funding to accelerate expansion. TFLiving, South Carolina-based tech-enabled platform providing fitness and amenities services to residential and commercial communities, has closed a $4.8 million series seed funding round led by Camber Creek with participation by Courtside Ventures and other strategic investors. The funding proceeds will be used to support and scale Master Service Agreements TFLiving has inked with a number of major U.S. residential and commercial real estate owners, as well as adding to the company’s executive staff. Founded in 2016, TFLiving’s platform serves more than 100,000 units of apartment and condominium developments and active adult communities, as well as millions of square feet of office buildings and other venues in 28 states across the U.S.