Tag: fundings & exits

Our favorite pitches from Alchemist Accelerator’s 16th batch

| September 20, 2017 | 0 Comments





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Our favorite pitches from Alchemist Accelerator’s 16th batch

Albertsons snaps up meal kit startup Plated

| September 20, 2017 | 0 Comments




 In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount brokered by Credit Suisse Group AG. According to the Wall Street Journal, Plated will become a subsidiary of Albertsons and customers will soon be able to purchase a rotating selection of meals from the startup for delivery or pickup from the nearest location of… Read More


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Albertsons snaps up meal kit startup Plated

Younited Credit raises $47.8 million for its crowdlending platform

| September 19, 2017 | 0 Comments




 French startup Younited Credit is building the biggest crowdlending platform in continental Europe. The company just raised $47.8 million (€40 million) to launch in new countries, work on new product features and more.
Younited Credit is currently live in France, Spain and Italy as a consumer-facing product. Consumers can borrow anything between $1,200 and $48,000 (€1,000 and €40,000)… Read More


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Younited Credit raises $47.8 million for its crowdlending platform

Intel Capital has invested over $1 billion in companies focused on AI

| September 18, 2017 | 0 Comments




 Intel’s putting its investment fund where its mouth is when it comes to artificial intelligence: The chipmaker announced today that it has funneled over $1 billion into AI startups via its Intel Capital center arm. That includes participating in rounds in companies including Mighty AI, Data Robot, Lumiata, AEye and many more. Intel’s investment focus has spanned a range of… Read More


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Intel Capital has invested over $1 billion in companies focused on AI

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

| September 18, 2017 | 0 Comments




 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More


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SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

Tencent tried to buy Spotify earlier this year

| September 15, 2017 | 0 Comments




 Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $38 billion. Tencent is said to have approached Spotify with a view to acquiring the company to… Read More


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Tencent tried to buy Spotify earlier this year

Patreon raises big round at ~$450M valuation to get artists paid

| September 15, 2017 | 0 Comments




 In an era where art is shared and streamed for free, Patreon offers new hope for turning content creation into a career. Illustrators, comedians, game makers, and musicians use Patreon to let fans pay a monthly subscription fee for special access to their work. In exchange, Patreon takes only a tiny 5% cut. With 50,000 creators and 1 million subscribers on board paying an average of $12 per… Read More


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Patreon raises big round at ~$450M valuation to get artists paid

Eaze is moving into recreational marijuana delivery with $27 million in new funding

| September 14, 2017 | 0 Comments




 The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. But the weed delivery startup has come under scrutiny recently for burning through at least $1 million in cash per month. In contrast, other software-based pot delivery startups like Meadow… Read More


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Eaze is moving into recreational marijuana delivery with $27 million in new funding

Balderton joins $30M Series D for big data biotech platform play, Sophia Genetics

| September 13, 2017 | 0 Comments




 Switzerland based SaaS startup Sophia Genetics is hoping to give IBM Watson a run for its money in the healthcare diagnostics space. It’s built a big data analytics platform that harnesses clinicians’ medical expertise to enhance genomic diagnostic via AI algorithms — leading, it says, to better and faster diagnoses for patients with diseases such as cancer. Read More


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Balderton joins $30M Series D for big data biotech platform play, Sophia Genetics

India’s OYO snags $10M strategic investment from hotel giant China Lodging

| September 13, 2017 | 0 Comments




 Indian budget hotel startup OYO pulled in a big $250 million round led by SoftBank’s Vision Fund last week, but now it has topped that money up with a $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. Beyond the financial commitment from NASDAQ-listed China Lodging — which was formerly known as Huazhu Hotels and is valued at $6.8… Read More


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India’s OYO snags $10M strategic investment from hotel giant China Lodging

Kik could pave the way for more mainstream tech company ICOs

| September 13, 2017 | 0 Comments




 ICOs have barely touched mainstream tech companies. But that all changes this week as Kik begins selling its Kin token in an ICO targeted at raising $125 million. The sale bucks ICO trends, and it could prove to be a seminal event for the tech industry at large. Read More


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Kik could pave the way for more mainstream tech company ICOs

Zilingo raises $18M for its fashion e-commerce service in Southeast Asia

| September 12, 2017 | 0 Comments




 Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers and… Read More


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Zilingo raises $18M for its fashion e-commerce service in Southeast Asia

Singapore’s Red Dot Payment closes $5.2M Series B round

| September 12, 2017 | 0 Comments





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Singapore’s Red Dot Payment closes $5.2M Series B round

Zoox in talks with SoftBank to fund self-driving cars

| September 11, 2017 | 0 Comments




 Autonomous vehicle startup Zoox is in talks with Japanese investment firm SoftBank to raise more funding. We’ve confirmed the news, which was first reported by Axios.  We’re hearing the discussions are in the early stages and nothing has been finalized, but that SoftBank has been interested in Zoox for a while. The startup is also talking to other unnamed potential investors.… Read More


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Zoox in talks with SoftBank to fund self-driving cars

Company builder Entrepreneur First raises $12.4M led by Greylock, Reid Hoffman joins board

| September 11, 2017 | 0 Comments




 Well, this is quite a coup. Entrepreneur First (EF), the London headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners. Read More


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Company builder Entrepreneur First raises $12.4M led by Greylock, Reid Hoffman joins board

Typeform, a platform for ‘conversational’ data collection, raises $35M

| September 11, 2017 | 0 Comments





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Typeform, a platform for ‘conversational’ data collection, raises $35M

Is it exit season yet?

| September 9, 2017 | 0 Comments




 Startup funding and exiting activity has been slow over the past few months in the U.S. Fewer companies closed rounds, IPO volumes were light, and not a lot of big M&A deals got done. But that’s to be expected, right? After all, it was summer break. Now that Labor Day’s over and we’re back at our desks, we can expect deal volumes to pick up. That seasonal explanation for… Read More


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Is it exit season yet?

Equifax stock tumbles 14% after credit score hack

| September 9, 2017 | 0 Comments




 Credit score business Equifax revealed Thursday that 143 million people were compromised in a cyber attack. Social security numbers and other personally identifying information were accessed. And guess what, the stock market didn’t like it! The company lost about $2 billion in market cap Friday after tumbling nearly 14%.  Apparently, the company has known about the hack since July 29,… Read More


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Equifax stock tumbles 14% after credit score hack

China’s UrWork invests in Indonesia’s ReWork via $3M deal as WeWork rivalry heats up

| September 8, 2017 | 0 Comments




 UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork. The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork was a participant alongside U.S.… Read More


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China’s UrWork invests in Indonesia’s ReWork via $3M deal as WeWork rivalry heats up

After scraping Monsanto deal, Deere agrees to buy precision farming startup Blue River for $305M

| September 7, 2017 | 0 Comments




 Five months after abandoning its proposed purchase of Monsanto’s precision planting subsidiary due to anti-trust concerns, agricultural equipment giant Deere and Company announced that it will spend $305 million to acquire ag-tech startup Blue River Technology. Founded in 2011 and based in Sunnyvale, Blue River develops machine learning technology for precision farming and counts… Read More


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After scraping Monsanto deal, Deere agrees to buy precision farming startup Blue River for $305M

Dataiku to enhance data tools with $28 million investment led by Battery Ventures

| September 6, 2017 | 0 Comments




 Dataiku, a French startup that helps data analysts communicate with data scientists to build more meaningful data applications, announced a significant funding round today. The company scored a $28 million Series B investment led by Battery Ventures with help from FirstMark, Serena Capital and Alven. Today’s money brings the total raised to almost $45 million. Its most recent priot round… Read More


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Dataiku to enhance data tools with $28 million investment led by Battery Ventures

BandLab​ ​Technologies​ acquires Chew.tv, a video streaming service for DJs

| September 6, 2017 | 0 Comments




 Chew.tv, a video streaming service for DJs to show off their mixing skills, has been acquired by BandLab Technologies, the Singapore-based ‘social’ music-making platform. Terms of the deal are undisclosed, though it was widely known that Chew.tv, which has been described as ‘Twitch for DJs,’ had been struggling financially over the last six months. Read More


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BandLab​ ​Technologies​ acquires Chew.tv, a video streaming service for DJs

Smile, you’re in augmented reality dentistry

| September 5, 2017 | 0 Comments




 For someone getting major dental work or reconstructive surgery, it can be hard to visualize what they’ll look like afterwards. You can do casts and make wax molds, but that’s a bit… 19th century, isn’t it? A Swiss startup brings the in retrospect obvious solution of augmented reality to the problem, giving patients a virtual view of the smile they could soon have. Read More


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Smile, you’re in augmented reality dentistry

Identity management startup ForgeRock snags $88 million Series D

| September 5, 2017 | 0 Comments





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Identity management startup ForgeRock snags $88 million Series D

Aifloo, a Swedish startup that sells a ‘smart wristband’ to help care for the elderly, raises…

| September 5, 2017 | 0 Comments





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Aifloo, a Swedish startup that sells a ‘smart wristband’ to help care for the elderly, raises…

Lilium raises $90M Series B for all-electric flying taxi

| September 5, 2017 | 0 Comments





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Lilium raises $90M Series B for all-electric flying taxi

Most of 2017’s tech IPOs are performing well

| September 5, 2017 | 0 Comments





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Most of 2017’s tech IPOs are performing well

Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

| September 3, 2017 | 0 Comments




 Habito, a London startup that is bringing the entire mortgage process online, has raised £18.5 million in Series B funding. Atomico, the European VC firm founded by Skype’s Niklas Zennström, led the round. Read More


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Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

GoGoVan becomes Hong Kong’s first $1 billion startup following merger deal

| September 2, 2017 | 0 Comments




 At our TechCrunch China event in June we discussed the bright future that Hong Kong’s startup scene has, despite some big challenges. This week the country passed a notable milestone as it got its first $1 billion valued startup, better known as a unicorn.
The company in question is GoGoVan, a logistics on-demand provider that connects van drivers and customers for transporting goods. Read More


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GoGoVan becomes Hong Kong’s first $1 billion startup following merger deal

Five years after its launch, website building platform Strikingly raises $6M Series A

| August 31, 2017 | 0 Comments




 Half a decade after it was founded, website building platform Strikingly finally decided its time to raise a Series A. The Y Combinator alum announced that it closed a $6 million round from investors including CAS Holding, Infinity Venture Partners, Innovation Works, former Y Combinator partner Kevin Hale and TEEC. Strikingly also recently launched an app that lets users build and publish… Read More


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Five years after its launch, website building platform Strikingly raises $6M Series A