Urban-X launches its latest cohort as the world catches up to the accelerator’s climate thesis

Urban-X, the accelerator launched by the venture capital fund Urban US and BMW’s MINI subsidiary to invest in companies that primarily address sustainable and resilient living in the cities of the future, has launched its latest cohort.

This ninth cohort of companies are coming to market at a time when the world’s largest investors are embracing the thesis that Urban-X and its parent firm have espoused for years. Put simply: the climate is changing and there will need to be technological solutions that allow people to adapt to the changing environment.

“It feels good to be a 2014 climatetech investor in 2021,” says Urban US co-founder Stonly Baptiste Blue. “You can get the sense that sustainability and climate change startups have never had better tailwinds than right now.”

Of course, Urban-X is about more than just climate and resiliency, but increasingly those are the startups that are going to be getting funding in the next few years and generating big returns for investors.

“We’re talking about a multi-hundred trillion dollar wave in the climate markets,” said Baptiste-Blue. “There’s a lot of evidence that we’re in the climate decade.”

And as Baptiste Blue thinks about the future, there’s still a lot of opportunity for enterprising entrepreneurs to build large new businesses.

“There are a lot of things that we’re trying to cover that touch on this next wave of climatetech investing from disaster risk to outage intelligence, community building so we have resilience and communication between folks as things get stickier and disasters become more common,” said Baptiste Blue.  

Some of the companies that Urban-X worked with on its latest cohort definitely fit that bill. These are businesses like Domatic, which makes a product to centralize AC/DC conversion for solar power; OneRoof which is building a communications platform for resilient platform, and Dorothy, a machine learning platform improving disaster risk.

To date, the accelerator has an IRR of around 29%, according to documents viewed by TechCrunch.

The full list of the companies in the accelerator’s current batch are here:

  • Builders Patch: data platform and marketplace for affordable and multifamily housing

  • Domatic: product that centralizes AC/DC conversion at the source to pave the way for widespread solar-powered future that relies on DC

  • Dorothy: machine learning platform improving disaster risk analysis at the property level

  • OneRoof: a community building and resilience communications platform

  • Oonee: protected bike parking operator and ecommerce platform for micromobility related services 

  • Origen Hydrogen: low-cost hardware for green hydrogen production for heavy-duty vehicles, industry, and for long-term back-up power.

  • Singularity: AI- and data-powered carbon intelligence and forecasting platform 

  • Urbio: software empowering cities and utilities to plan for and design the energy transition

 

Startups Weekly: What’s up with YC? Plus, mobility layoffs and Airbnb’s grand plans

Where to begin… Netflix darling Marie Kondo is hitting up Sand Hill Road in search of $40 million to fund an ecommerce platform, Y Combinator is giving $150,000 to a startup building a $380,000 flying motorcycle (because why not) and Jibo, the social robot, is calling it quits, speaking to owners directly of its imminent shutdown.

It was a hectic week in unicorn land so, I’m just going to get right to the good stuff.

Changes at Y Combinator

Where to begin! Not only did the prolific accelerator announce long-time president Sam Altman would be making an exit, but TechCrunch scooped the firm’s decision to move its headquarters to San Francisco. Y Combinator is going through a number of changes, outlined here. Interestingly, sources tell TechCrunch that YC has no succession plans. We’re guessing that’s because Altman had already mostly transitioned away from the firm, with CEO Michael Seibel assuming his responsibilities. The question is, is Altman planning to launch a startup? Hmmmmm.

Airbnb’s a hotelier

As it gears up for an IPO, Airbnb is showing its mature side. In a bid to accelerate growth, the home-sharing unicorn is buying HotelTonight in a deal said to be valued at around $465 million. Accel, the storied venture capital firm, was the business’s first-ever investors and is now its largest stakeholder. Oughta be a nice return. We’re still wondering whether it’s a cash deal, a cash and stock deal or an all-stock deal. Let me know if you’ve got the deets.

Mobility cuts

Lyft is preparing for its imminent IPO by getting lean. The ride-hailing company is trimming 50 staff members in its scooters and bikes unit, reports TechCrunch’s Ingrid Lunden. The cuts are mostly impacting those who joined the company when it acquired the electric bike-sharing startup Motivate, a deal that closed about three months ago. I’ll point out that Lyft employs 5,000 people; these layoffs are about one percent of their total workforce. And while we’re on the topic of mobility layoffs, Mobike, the former Chinese bike-share unicorn, is closing down all international operations and putting its sole focus on China.

Munchery goes bankrupt

Several weeks after a sudden shutdown left customers and vendors in the lurch, meal-kit service Munchery has filed for bankruptcy. In the Chapter 11 filing, Munchery chief executive officer James Beriker cites increased competition, over-funding, aggressive expansion efforts and Blue Apron’s failed IPO as reasons for its demise. Here’s the story, complete with Munchery’s bankruptcy filing.

Funders fundraise

This week Precursor Ventures closed its sophomore pre-seed fund on $32 million, NEA filed to raise its largest venture fund yet ($3.6 billion), SoftBank raised $2 billion on a $5 billion target for a Latin America Fund, aMoon raised $660 million for Israeli healthcare deals and Coral Capital brought in $45 million to make early-stage investments in Japan.

Here’s your weekly reminder to send me tips, suggestions and more to kate.clark@techcrunch.com or @KateClarkTweets

Startup cash

Sea is raising up to $1.5B
Grab confirms $1.46B investment from SoftBank’s Vision Fund
Music services company Kobalt is raising roughly $100M
Eargo raises $52M for virtually invisible, rechargeable hearing aids
Matterport raises $48M to ramp up its 3D imaging platform
Netflix star and tidying expert Marie Kondo is looking to raise $40M
Blueground raises $20M for flexible apartment rentals

Netflix star and tidying expert Marie Kondo

A16z gets even bigger

Andreessen Horowitz tapped David George as its newest general partner and its first top dealmaker focused on late-stage deals. George joins from General Atlantic, where he’d backed consumer internet, enterprise software and fintech startups as a principal since 2012. The firm’s swelling team is amongst the largest of any VC firm. Most partnerships consist of one to three top dealmakers and a few partners or principals. A16z breaks the mold with its ever-expanding team of GPs. We talked to George and a16z managing director Scott Kupor.

Worth reading

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund, by TechCrunch’s Jon Russell and Jonathan Shieber.

SXSW

Stopping by SXSW? Meet TechCrunch’s writers at our annual Crunch By Crunch Fest party in Austin, Texas. RSVP here to join us on Sunday, March 10th from 1pm to 4pm at the Swan Dive at 615 Red River St. @ E. 7th St., just 3 blocks from the convention center. Hang out with TechCrunchers and fellow readers, enjoy free drinks and check out a live performance by electro-RnB musician Elderbrook.  And check out the full line-up of TechCrunch panels here. I will be discussing the double standard in sex tech with Lora Haddock, the CEO of Lora DiCarlo, on Thursday, March 14th at 2pm at the Fairmont Congressional A, 101 Red River.

Listen to me talk

This week on Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines, Crunchbase New’s editor-in-chief Alex Wilhelm and I discuss Y Combinator’s new HQ, Chime’s big funding round and SoftBank’s new Latin America fund. Listen here.

Want more TechCrunch newsletters? Sign up here.

Startups Weekly: What’s up with YC? Plus, mobility layoffs and Airbnb’s grand plans

Where to begin… Netflix darling Marie Kondo is hitting up Sand Hill Road in search of $40 million to fund an ecommerce platform, Y Combinator is giving $150,000 to a startup building a $380,000 flying motorcycle (because why not) and Jibo, the social robot, is calling it quits, speaking to owners directly of its imminent shutdown.

It was a hectic week in unicorn land so, I’m just going to get right to the good stuff.

Changes at Y Combinator

Where to begin! Not only did the prolific accelerator announce long-time president Sam Altman would be making an exit, but TechCrunch scooped the firm’s decision to move its headquarters to San Francisco. Y Combinator is going through a number of changes, outlined here. Interestingly, sources tell TechCrunch that YC has no succession plans. We’re guessing that’s because Altman had already mostly transitioned away from the firm, with CEO Michael Seibel assuming his responsibilities. The question is, is Altman planning to launch a startup? Hmmmmm.

Airbnb’s a hotelier

As it gears up for an IPO, Airbnb is showing its mature side. In a bid to accelerate growth, the home-sharing unicorn is buying HotelTonight in a deal said to be valued at around $465 million. Accel, the storied venture capital firm, was the business’s first-ever investors and is now its largest stakeholder. Oughta be a nice return. We’re still wondering whether it’s a cash deal, a cash and stock deal or an all-stock deal. Let me know if you’ve got the deets.

Mobility cuts

Lyft is preparing for its imminent IPO by getting lean. The ride-hailing company is trimming 50 staff members in its scooters and bikes unit, reports TechCrunch’s Ingrid Lunden. The cuts are mostly impacting those who joined the company when it acquired the electric bike-sharing startup Motivate, a deal that closed about three months ago. I’ll point out that Lyft employs 5,000 people; these layoffs are about one percent of their total workforce. And while we’re on the topic of mobility layoffs, Mobike, the former Chinese bike-share unicorn, is closing down all international operations and putting its sole focus on China.

Munchery goes bankrupt

Several weeks after a sudden shutdown left customers and vendors in the lurch, meal-kit service Munchery has filed for bankruptcy. In the Chapter 11 filing, Munchery chief executive officer James Beriker cites increased competition, over-funding, aggressive expansion efforts and Blue Apron’s failed IPO as reasons for its demise. Here’s the story, complete with Munchery’s bankruptcy filing.

Funders fundraise

This week Precursor Ventures closed its sophomore pre-seed fund on $32 million, NEA filed to raise its largest venture fund yet ($3.6 billion), SoftBank raised $2 billion on a $5 billion target for a Latin America Fund, aMoon raised $660 million for Israeli healthcare deals and Coral Capital brought in $45 million to make early-stage investments in Japan.

Here’s your weekly reminder to send me tips, suggestions and more to kate.clark@techcrunch.com or @KateClarkTweets

Startup cash

Sea is raising up to $1.5B
Grab confirms $1.46B investment from SoftBank’s Vision Fund
Music services company Kobalt is raising roughly $100M
Eargo raises $52M for virtually invisible, rechargeable hearing aids
Matterport raises $48M to ramp up its 3D imaging platform
Netflix star and tidying expert Marie Kondo is looking to raise $40M
Blueground raises $20M for flexible apartment rentals

Netflix star and tidying expert Marie Kondo

A16z gets even bigger

Andreessen Horowitz tapped David George as its newest general partner and its first top dealmaker focused on late-stage deals. George joins from General Atlantic, where he’d backed consumer internet, enterprise software and fintech startups as a principal since 2012. The firm’s swelling team is amongst the largest of any VC firm. Most partnerships consist of one to three top dealmakers and a few partners or principals. A16z breaks the mold with its ever-expanding team of GPs. We talked to George and a16z managing director Scott Kupor.

Worth reading

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund, by TechCrunch’s Jon Russell and Jonathan Shieber.

SXSW

Stopping by SXSW? Meet TechCrunch’s writers at our annual Crunch By Crunch Fest party in Austin, Texas. RSVP here to join us on Sunday, March 10th from 1pm to 4pm at the Swan Dive at 615 Red River St. @ E. 7th St., just 3 blocks from the convention center. Hang out with TechCrunchers and fellow readers, enjoy free drinks and check out a live performance by electro-RnB musician Elderbrook.  And check out the full line-up of TechCrunch panels here. I will be discussing the double standard in sex tech with Lora Haddock, the CEO of Lora DiCarlo, on Thursday, March 14th at 2pm at the Fairmont Congressional A, 101 Red River.

Listen to me talk

This week on Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines, Crunchbase New’s editor-in-chief Alex Wilhelm and I discuss Y Combinator’s new HQ, Chime’s big funding round and SoftBank’s new Latin America fund. Listen here.

Want more TechCrunch newsletters? Sign up here.

Alibaba made a smart screen to help blind people shop and it costs next to nothing

Just a few years ago, Li Mengqi could not have imagined shopping on her own. Someone needed to always keep her company to say aloud what was in front of her, who’s been blind since birth.

When smartphones with text-to-speech machines for the visually impaired arrived, she immediately bought an iPhone. “Though it was expensive,” Li, a 23-year-old who grew up in a rural village in eastern China’s Zhejiang province, told me. Cheaper smartphone options in China often don’t have good accessibility features.

Screen readers opened a plethora of new opportunity for those with visual impairments. “I felt liberated, no longer having to rely on others,” said Li, who can now shop online, WeChat her friends, and go out alone by following her iPhone compass.

Reading out everything on the screen is helpful, but it can also be overwhelming. Digital readers don’t decipher human thoughts, so when Li gets on apps with busy interfaces, such as an ecommerce platform, she’s bombarded with descriptions before she gets to the thing she wants.

Over the past two years, Alibaba’s $15 billion R&D initiative Damo Academy has been working to improve smartphone experience for the blind. Its latest answer, a joint effort with China’s prestigious Tsinghua University, is a cheap silicone sheet that goes on top of smartphone screens.

Li is among the first one hundred visually impaired or blind users to trial the technology. Nothing stands out about the plastic film – which cost RMB 0.25 or 3.6 American cents each to produce – until one has a closer look. There are three mini buttons on each side. They are sensory-enabled, which means pressing on them triggers certain commands, usually those that are frequently used like “go back” and “confirm”.

“It’s much easier to shop with the sheet on,” said Li. Having button shortcuts removes the risk of misclicking and the need for complex interactions with screens. Powering Smart Touch is human-machine interaction, the same technology that makes voice control devices possible.

Alibaba blind smartphone feature

Alibaba’s $1 “Smart Touch” plastic sheet helps smoothen smartphone experience for the visually impaired. / Photo credit: Alibaba

“We thought, human-machine interaction can’t just be for sighted people,” Chen Zhao, research director at Damo Academy told TechCrunch. “Besides voice, touch is also very important to the blind, so we decided to develop a touch feature.”

Smart Touch isn’t just for fingers. It also works when users hold their phones up to the ears. This lets them listen to text quickly in public without having to blast it out through speakers or headphones. Early trials of ear touch show a 50 percent reduction in time needed to complete tasks like taking calls and online shopping, Alibaba claims.

Emotions also matter. People with visual disabilities tend to be more cautious as they fumble through screens, so Smart Touch takes that into account. For instance, users need to double-click on the silicone button before a command goes through.

At the moment, Smart Touch works only on special editions of Alibaba’s two flagship apps, e-commerce marketplace Taobao and payment affiliate Alipay . The buttons automatically take on different functions when users switch between apps.

But Zhao said she wanted to make the technology widely available. Some tinkering with existing apps will make Smart Touch compatible. The smart film requires more testing before it officially rolls out early 2019, so Damo and Tsinghua have been recruiting volunteers like Li for feedback.

“Unlike with regular apps, it’s hard to beta test Smart Touch because the blind population is relatively small,” observed the researcher, but embedding the technology in popular apps could speed up the iteration process.

There’s also the issue with distributing the physical sheets. According to state census, China had around 13 million visually impaired people in 2012. That’s about one in a hundred people. However, they are rarely seen in public, as a post on China’s equivalent of Quora points out.

One oft-cited obstacle is that most roads in China aren’t disability-friendly, even in major cities. (In my city Shenzhen, blind lanes are common but they often get cut off abruptly to make way for a crossing or a bus stop.)

Damo doesn’t plan to monetize the initiative, according to Zhao. She envisions a future where her team could give out the haptic films — which can be mass produced at low costs — for free through Alibaba’s expanding network of brick-and-mortar stores.

Time will tell whether the accessibility scheme is more than public relations fluff. Initiatives around corporate social responsibility have mushroomed in China in recent years. They have come under fire, however, for being transient because many merely pander to the government’s demand (link in Chinese) for corporate ethics overlook long-term impact.

“The technology is ready. It just takes time to test it on different smartphones and bring to users at scale,” said Zhao.