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Good morning, everyone! If you haven’t had the chance yet, please give a shout to our newest reporter, Andrew MendezToday’s article was written by, who discussed Twelve capturing carbon and turning that into sunglasses. There are also submission requirements: Students can submit a video pitch for a chance to win a Disrupt prize pack, and robotics companies who want to pitch at the upcoming TC Sessions Robotics event on July 21, have until July 7. If you are not sure what’s in store there, BrianIn his Actuator column, he explains it all. Tomorrow, see you!  — Christine

TechCrunch Top 3

Startups and VC

In today’s startup and venture capital news, we start with Mary Ann’s report on Mottu, a Brazilian motorcycle rental startup that raised $40 million to help Latin Americans become couriers. This is a trend that should be watched in that region.

Wattpad, a startup in storytelling, unveiled some new programs to help writers get paid based on how engaged readers are. Ivan writes.

Spend management is big business right this moment. TageAccording to reports, Sava, which has attracted $2 million in pre-seed capital for its innovative approach to helping businesses manage their spending and eliminate the manual labor involved in keeping track, is the latest to receive funding.

More to love:

• MoMoney to MoHash: The startup received $6 million in seed financing and aims at offering crypto options. Manish writes.
• Keep your hand in my pocket: Mary Ann writes about HomeLister’s $10 million Series A round that enables homeowners to sell their homes without the Realtor and keep the commission for themselves.
• Data danceBlack Swan Data now has $18.5 Million in new funding. The money is used to predict the success of products based on data from social networking conversations. Kyle reports.

PE firms should exercise extreme caution when it comes to sanctions

Image Credits mikkelwilliam (opens in a new window)Getty Images

Banks and other financial institutions must follow know-your-customer (KYC) guidelines, but private equity funds have a loophole: They are not legally bound to tell regulators who their investors are — or if they’re behaving suspiciously.

Russia’s invasion of Ukraine changed that, however.

The increasingly isolated nation is now facing international sanctions, and “PEs are investing in the close management of compliance programs, policies and procedures at each of their portfolio companies,” writes Snežana Gebauer, a partner with StoneTurn.

TechCrunch+ (our membership program) helps founders get ahead.Register here.)

Big Tech Inc.

Samsung Electronics saidIt is the first company worldwide to mass produce 3-nanometer chip technology. As KateAccording to reports, this is good news in an industry that is currently experiencing a shortage. This has affected everyone, from car manufacturers to those trying to build next-generation products.

Tim unpacks the new ruling from the U.S. Supreme Court that “the Environmental Protection Agency does not have the authority to regulate carbon pollution from existing power plants,” writing that anything like that will have to come from Congress.

Over in India Manish writes that a deal for Lenskart to acquire a majority stake in Japan-based eyewear brand Owndays will create “one of Asia’s biggest online retailers of eyewear.”

Now here’s more: