Crunchbase Data: Global venture capital funding reached $ 125 billion in the first quarter, up 94% year-on-year, with an average of nearly two unicorns created every business day – In the first quarter of 2021, global venture capital investments reached $ 125 billion, a 50% increase quarter-over-quarter and a whopping 94% year-over-year increase, according to data from Crunchbase.
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Belgian company Deliverect, which helps restaurants manage orders for various delivery services in one app, raises $ 65 million, bringing its total to $ 90 million (Ingrid Lunden / TechCrunch)
The former Children’s Commissioner for England is suing TikTok, alleging it illegally collects personal information from child users because "children cannot give consent" (Haroon Siddique / The Guardian)
Instagram is rolling out tools to filter out abusive DMs based on keywords and emojis, and to block users and any new accounts they may create (Ingrid Lunden / TechCrunch)