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Hello and welcome to Daily Crunch for Thursday, March 10, 2022! Am writing to you after coming off a live taping of Equity, which means I am still full of adrenaline. Doing stuff live is really good fun, which is why I am pleased to bring you a raft of news about our upcoming live events! TC Sessions Climate is coming; OpenView Ventures’ Kyle Poyar is coming to Early Stage to talk software pricing; and we just announced that Luminar’s Austin Russell is coming to our upcoming mobility-focused event. TechCrunch is going to have a busy darn year. We can’t wait to see you! – Alex
Much is going on as always, but let’s flip the script and start with some venture news before we delve into startups, yeah? TechCrunch wrote about Antler East Africa, which just put together a $13.5 million fund for early-stage startups. The company is a blend of venture fund and accelerator, we report.
Moving on, let’s knock out the day’s huge rounds: Up first is Lunar, a Nordic neobank. It just raised a $77 million round at a $2 billion valuation. As part of the news, Lunar also released crypto trading and a B2B payments service. And people said that neobank fundraising was dead! Also out today was news from Stilt, which raised $114 million in equity and debt for its credit API. Furthermore, Typeform raised nine figures. The company reached $70 million ARR last year.
Now, the rest of the news:
And to close us out, Instacart is building out features for its in-store shoppers. Our growth questions about the company remain.

Image of doughnut pieces broken up to represent a chart.

Image Credits: A. Martin UW Photography (opens in a new window) / Getty Images

Image Credits: A. Martin UW Photography (opens in a new window) / Getty Images
For many first-time founders, calculating the size of the market in which they hope to compete is one of their biggest challenges.
Calculating TAM, SAM and SOM sounds like an existential exercise, but there’s no need to dread it “if you approach market sizing methodically,” says Marjorie Radlo-Zandi, a veteran investor and entrepreneur.
In a comprehensive article for TechCrunch+, she breaks down the steps required to capture these key metrics that “show prospective investors how they stand to gain from investing in your company, and put yourself in the best possible position to achieve your goals.”
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)
How to calculate your startup’s TAM, SAM and SOM

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