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Posts filtered by tags: Fundings & Exits[x]


 

Andreessen pours $22M into PlanetScale’s database-as-a-service

PlanetScale’s founders invented the technology called Vitess that scaled YouTube and Dropbox. Now they’re selling it to any enterprise that wants their data both secure and consistently accessible. And thanks to its ability to re-shard databases while they’re operating, it can solve businesses’ troubles with GDPR, which demands they store some data in the same locality as the user it belongs to. The potential to be a computing backbone that both competes with and complements Amazon’s AWS has ...
Tags: Amazon, Fundings & Exits, Startups, TC, Cloud, Enterprise, Developer, Youtube, Funding, Tech, Andreessen, SaaS, Aws, Andreessen Horowitz, Kubernetes, Matt Cutts


EFounders backs Yousign to build a European e-signature company

French startup Yousign is partnering with startup studio eFounders. While eFounders usually builds software-as-a-service startups from scratch, the company is trying something new with this partnership. Indeed, eFounders wants to create all the tools you need to make your work more efficient. The startup studio is behind many respectable SaaS successes, such as Front, Aircall and Spendesk. And electronic signatures are a must if you want to speed up your workflow. Sure, there are a ton of wel...
Tags: Fundings & Exits, Startups, Europe, Enterprise, France, Tech, France Newsletter, France Germany, eFounders, Yousign, U K and Spain Yousign, Thibaud Elzière, Elzière


eFounders backs Yousign to build a European eSignature company

French startup Yousign is partnering with startup studio eFounders. While eFounders usually builds software-as-a-service startups from scratch, the company is trying something new with this partnership. eFounders wants to create all the tools you need to make your work more efficient. The startup studio is behind many respectable SaaS successes, such as Front, Aircall or Spendesk. And electronic signatures are a must if you want to speed up your workflow. Sure, there are a ton of well-establi...
Tags: Fundings & Exits, Startups, Europe, Enterprise, France, Tech, France Newsletter, France Germany, eFounders, Yousign, U K and Spain Yousign, Thibaud Elzière, Elzière


Future launches $150/mo exercise app where real coaches nag you

The only way to beat laziness is with guilt, and so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and message you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. Future actually got me to the gym where my coach kicked my ass remotely with a 30 minute lifting routine I’d never have stuck to by myself. The catch? It’s probably the most expensive app you’v...
Tags: Health, Fundings & Exits, Startups, TC, Mobile, Apps, Instagram, Funding, Future, NFL, Tech, Netflix, Exercise, Kleiner Perkins, University Of Wisconsin, Ndamukong Suh


Beautystack raises £4M seed to help beauty professionals become financially independent

Beautystack, the London startup that’s creating a beauty professional booking app with heavy focus on social, has quietly picked up £4 million in seed funding led by Index Ventures. The company had previously raised pre-seed funding from LocalGlobe (led by Suzanne Ashman) and counts David Rowan (ex-Wired), Julien Codorniou (Facebook Workplace) and Audrey Gelman (The Wing) as angel investors. Founded by former salon owner and brand consultant Sharmadean Reid in April 2017 before being joined by c...
Tags: Travel, Fundings & Exits, Startups, TC, Europe, London, Index Ventures, Bookings, Reid, Sharmadean Reid, Julien Codorniou, Localglobe, Audrey Gelman, Facebook Workplace, David Rowan, Suzanne Ashman


Zendesk acquires Smooch, doubles down on support via messaging apps like WhatsApp

One of the bigger developments in customer services has been the impact of social media — both as a place to vent frustration or praise (mostly frustration), and — especially over messaging apps — as a place for businesses to connect with their users. Now, customer support specialist Zendesk has made an acquisition so that it can make a bigger move into how it works within social media platforms, and specifically messaging apps: it has acquired Smooch, a startup that describes itself as an “omni...
Tags: Social, Fundings & Exits, Startups, TC, Apps, Enterprise, Messaging, US, Tech, Canada, M&a, Silicon Valley, Lvmh, Zendesk, Exit, Customer Support


Agtech startup Agrilyst is now Artemis, raises $8M Series A

Artemis, the ag-tech startup formerly known as Agrilyst, today announced that it has raised an $8 million Series A funding round. The round was co-led by Astanor Ventures and Talis Capital, with participation from iSelect Fund and New York State’s Empire State Development Fund. With this, the company, which won our 2015 Disrupt SF Battlefield competition, has now raised a total of $11.75 million. When Agrilyst launched, the company mostly focused on helping indoor farmers and greenhouse opera...
Tags: Fundings & Exits, Startups, TC, Obama, Funding, Articles, Tech, Risk Management, Ceo, ERP, Cannabis, Agriculture, Food Safety, New York State, Artemis, Battlefield


TransferWise now valued at $3.5B following a new $292M secondary round

TransferWise, the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more than double the valuation TransferWise achieved in late 2017 at the time of its $280 million Series E round. The new secondly funding — with no new cash entering TransferWise’s balance sheet as a number of existing shareholders sell all or a portion of their holding — was led by growth capital investors Le...
Tags: Fundings & Exits, Startups, TC, Europe, London, Australia, Tech, Eu, Andreessen Horowitz, Blackrock, Baillie Gifford, Transferwise, Taavet Hinrikus, Hinrikus, Consumer Commission, Lead Edge Capital Lone Pine Capital


The Exit: Getaround’s $300M roadtrip

In August of last year, Getaround scored $300 million from Softbank. Eight months later they handed that same amount to Drivy, a Parisian peer-to-peer car rental service that was Getaround’s ticket to tapping into European markets. Both companies shared similar visions for the future of car ownership, they were about the same size, both were flirting with expanding beyond their home market, but only one had the power of the Vision Fund behind it. The Exit is a new series at TechCrunch. It’s a...
Tags: Fundings & Exits, Startups, TC, Transportation, Uber, Europe, Youtube, Softbank, Tech, Automotive, Paris, Venture Capital, Sharing Economy, Airbnb, Getaround, Talent


Payment card startup Marqeta confirms $260M round at close to $2B valuation

Startups that are disrupting and unlocking the lucrative world of financial services continue to unlock big fund funding rounds for themselves. Today, Marqeta — which helps third parties like Square, Affirm, DoorDash, Kabbage and Instacart build and offer card services to their customers — announced that it has raised a Series E of $260 million led by Coatue Management. Marqeta plans to use this growth round to to continue building out its platform with an emphasis on global expansion, founde...
Tags: Credit Cards, Fundings & Exits, TC, Ecommerce, Asia, Europe, London, Cards, Finance, Funding, US, Tech, Accenture, Mastercard, Reuters, Gardner


Kard is a challenger bank for teens

Meet French startup Kard, a challenger bank that works a lot like N26 or Revolut. But Kard is all about convincing teens that their first bank account is going to be a Kard account — a bit like Step in the U.S. When I talked with Kard co-founder and CEO Scott Gordon, he kept saying that Kard was a product for the generation Z. While I’m not a fan of that buzzword, it still looks like a well-designed app with some personality. “Gen Z is a generation that has been forgotten by traditional banks...
Tags: Fundings & Exits, Startups, Europe, France, Tech, France Newsletter, Fintech, Mastercard, Challenger Bank, Gordon, Scott Gordon, IBAN, Kard, Venmo Users, Kima Ventures Jean Pascal, David Amsellem


Ravin.ai raises $4M to use computer vision for vehicle damage inspections

Ravin.ai, an Israel and U.K.-based startup developing AI to autonomously inspect vehicles for damage, has closed a $4 million seed round. The investment is led by Pico Venture Partners, with participation from Shell Ventures and “automotive entrepreneur” Adam Draizin. It marks Shell Ventures’ first Israel investment. Founded in 2018 and based in Haifa and London, Ravin combines computer vision and deep learning to detect and analyse damage in vehicles via standard cameras, such as a smartphone o...
Tags: Fundings & Exits, Startups, TC, Europe, London, Israel, Tech, Avis, Cctv, Shell, Heathrow Airport, Haifa, RAVIN, North America Europe, PICO Venture Partners, Shell Ventures


Agtech startup Agrilyst is now Artemis, raises $8M Series A

Artemis, the ag-tech startup formerly known as Agrilyst, today announced that it has raised an $8 million Series A funding round. The round was co-led by Astanor Ventures and Talis Capital, with participation from iSelect Fund and New York State’s Empire State Development Fund. With this, the company, which won our 2015 Disrupt SF Battlefield competition, has now raised a total of $11.75 million. When Agrilyst launched, the company mostly focused on helping indoor farmers and greenhouse opera...
Tags: Fundings & Exits, Startups, TC, Funding, Articles, Tech, Risk Management, Ceo, Cannabis, Food Safety, Artemis, Battlefield, Arizona State University, Agtech, Agrilyst, Talis Capital


Ikea invests in Livspace, a one-stop platform for interior design based in India

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another marquee investor: Ikea. The startup said today it has taken an undisclosed investment from Ingka Investments, the VC arm of Ikea parent Ingka Group, which operates 90 percent of Ikea’s retail footprint. Livspace CEO and co-founder Anuj Srivastava declined to provide a figure for the deal, but he told...
Tags: Fundings & Exits, Asia, Finance, India, Funding, Tech, Ceo, Economy, Companies, Ikea, Retail, Goldman Sachs, Retailers, Hyderabad, Livspace, Tpg Capital


Big revenues, huge valuations and major losses: charting the era of the unicorn IPO

Joanna Glasner Contributor More posts by this contributor Some reassuring data for those worried unicorns are wrecking the Bay Area From lab-grown meat to fermented fungus, here’s what corporate food VCs are serving up We can make charts galore about the tech IPO market. Yet none of them diminish the profound sense that we are in uncharted territory. Never before have so many companies with such high revenues gone public at such lofty valu...
Tags: Fundings & Exits, TC, Column, Money, Finance, Ipo, Tech, Economy, Initial Public Offering, Valuation, Unicorn, Bay Area From, Joanna Glasner


Starbucks’ Chinese nemesis surges 20% in public debut

Shares of Luckin Coffee jumped 20% in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market’s close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chinese consumers. The company has nearl...
Tags: Coffee, Fundings & Exits, Startups, TC, China, Tech, Starbucks, Seattle, Nasdaq, Exit, Xiamen, Luckin Coffee, Luckin, Chinese Starbucks


Under the hood on Zoom’s IPO, with founder and CEO Eric Yuan

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kate Clark sat down with Eric Yuan, the founder and CEO of video communications startup Zoom, to go behind the curtain on the company’s recent IPO process and its path to the public markets. Since hitting the trading desks just a few weeks ago, Zoom stock is up over 30%. But the Zoom’s path to becoming a Silicon Valley and Wall St...
Tags: Fundings & Exits, Startups, TC, Uber, Apps, Video, Enterprise, Finance, Ipo, Funding, Tech, Artificial Intelligence, Venture Capital, Virtual Reality, Silicon Valley, Augmented Reality


Fastly pops in public offering showing that there’s still money for tech IPOs

Shares of Fastly, the service that’s used by websites to ensure that they can load faster, have popped in its first hours of trading on the New York Stock Exchange. The company, which priced its public offering at around $16 — the top of the estimated range for its public offering — have risen more than 50% since their debut on public markets to trade at $25.01. It’s a sharp contrast to the public offering last week from Uber, which is only just now scratching back to its initial offering pri...
Tags: Amazon, Fundings & Exits, Startups, TC, Verizon, Uber, Spotify, Internet, Finance, China, San Francisco, Tech, Cisco, Economy, New Relic, New York Times


Tutor House, the UK-based tutoring platform, scores £2M from Fuel Ventures

Tutor House, a U.K.-based startup that operates a marketplace to let parents find an online or in-person tutor for their children, has raises £2 million in funding. Backing the round, the first for the young company, is Fuel Ventures, the London-based VC and startup builder set up by Mark Pearson of MyVoucherCodes fame. Fuel Ventures recently closed its third fund of £20 million to continue investing in early-stage B2B and B2C marketplaces, platforms and SaaS. Founded by Ex-teacher Alex Dyer in ...
Tags: Fundings & Exits, Startups, TC, Europe, UK, London, Tech, House, U K, Dyer, DBS, Mark Pearson, Fuel Ventures, Alex Dyer, Tutor House, Typical Tutor House


Amazon leads $575M investment in Deliveroo

Amazon is taking a slice of Europe’s food delivery market after the U.S. e-commerce giant led a $575 million investment in Deliveroo . First reported by Sky yesterday, the Series G round was confirmed in from Deliveroo, which confirmed that existing backers including T. Rowe Price, Fidelity Management and Research Company, and Greenoaks also took part. The deal takes Deliveroo to just over $1.5 billion raised to date. The company was valued at over $2 billion following its previous raise ...
Tags: Amazon, Fundings & Exits, Startups, Uber, Europe, London, Australia, France, Germany, Singapore, Funding, Spain, Taiwan, Companies, United States, United Kingdom


MultiVu raises $7M seed round for its next-gen 3D sensor

MultiVu, a Tel Aviv-based startup that is developing a new 3D imaging solution that only relies on a single sensor and some deep learning smarts, today announced that it has raised a $7 million seed round. The round was led by crowdfunding platform OurCrowd, Cardumen Captial and Hong Kong’s Junson Capital. Tel Aviv University’s TAU Technology Innovation Momentum Fund supported some of the earlier development of MultiVu’s core technology, which came out of Prof. David Mendlovic’s lab at the unive...
Tags: Fundings & Exits, Startups, TC, Hong Kong, Hardware, Funding, Samsung, Tel Aviv, Tech, Smartphone, Artificial Intelligence, Image Sensors, Ourcrowd, Image-processing, Serial Entrepreneur, Recent Funding


Vertex Ventures hits $230M first close on new fund for Southeast Asia and India

Tis the season to be raising in India and Southeast Asia. Hot on the heels of new funds from Strive and Jungle Ventures, so Singapore’s Vertex Ventures, a VC backed by sovereign wealth fund Temasek, today announced a first close of $230 million for its newest fund, the firm’s fourth to date. Vertex raised $210 million for its previous fund two years ago, and this new vehicle is expected to make a final close over the coming few months with more capital expected to roll in. If you care about numb...
Tags: Google, Fundings & Exits, TC, Facebook, Asia, Money, Indonesia, Finance, Southeast Asia, Singapore, India, Funding, Israel, Tech, Bloomberg, Economy


OpenFin raises $17 million for its OS for finance

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, Euclid Opportunities and NYCA Partners. Likening itself to “the OS of finance”, OpenFin seeks to be the operating layer on w...
Tags: Apple, Google, Android, Fundings & Exits, Startups, Cloud, Uber, Apps, Enterprise, Developer, Finance, Funding, Tech, Bloomberg, Banking, Barclays


What Uber and Lyft’s investment bankers got right

Startup CEOs heading to the public markets have a love/hate relationship with their investment bankers. On one hand, they are helpful in introducing a company to a wide range of asset managers who will hopefully hold their company’s stock for the long term, reducing price volatility and by extension, employee churn. On the other hand, they are flagrantly expensive, costing millions of dollars in underwriting fees and related expenses. Worse, the advice one gets from investment bankers tends to b...
Tags: Fundings & Exits, Startups, Transportation, Lyft, Uber, Finance, Ipo, Silicon Valley, Investment Banking


American Express is acquiring Resy

American Express has today announced its intentions to acquire Resy, the CRM and reservation platform based out of New York. The terms of the deal were not disclosed. Resy launched back in 2014 as a platform that allowed users to buy reservations from restaurants in situations where they’d usually have to book months in advance. For restaurants, it allowed them to offload unused inventory. Over time, Resy realized the opportunity to provide software to restaurants. About a year ago, the co...
Tags: Fundings & Exits, Startups, TC, Apps, UK, New York, Tech, American Express, Amex, Reserve, Business Intelligence, Cto, Exit, Resy, Resy Fly Business Intelligence, Ben Levanthal


Tempo Automation raises $45M Series C for its turnkey circuit board manufacturing solution

Tempo Automation, a San Francisco-based startup that helps shorten the time from prototype to production for electronics manufacturers, announced today that it has raised a $45 million Series C led by returning investor Point72 Ventures. The round also includes new investor Lockheed Martin and existing investors Lux Capital and Uncork Capital. The company’s turnkey solution allows manufacturers to upload a CAD and have it turned into a circuit board in as little as three days. Founded in 2013, T...
Tags: Fundings & Exits, Startups, TC, Hardware, San Francisco, Manufacturing, Lockheed Martin, Tempo, Lux Capital, Sri Chandrasekar, Printed Circuit Boards, Electronics Prototyping, Tempo Automation


InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty

Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — Singapore sovereign fund Temasek and Singapore’s UOB — each of which has added $100 million in additional firepower for the fund, which is popularising debt-based financing...
Tags: Fundings & Exits, Asia, Money, Indonesia, Entrepreneurship, Finance, China, Southeast Asia, Singapore, India, Funding, Tech, Economy, Beijing, Venture Capital, Private Equity


JD.com to foster connected vehicle fleets with $55M investment

JD.com, the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake. That’s according to a filing released on Monday by Xinning, a China-listed logistics firm with supply chain services tailored to consumer electronics. The ally appears as a good fit since much of JD’s revenue is driven by big-ticket elec...
Tags: Amazon, Fundings & Exits, Ecommerce, Asia, Minnesota, Electronics, China, Tech, Ceo, Alibaba, JD.com, Alibaba Group, Logistics, Fedex, Consumer Electronics, Huang


Healthcare booking platform DocPlanner scores €80M Series E

DocPlanner, the Poland-founded healthcare booking platform that now processes 1.5 million bookings every month globally, has closed €80 million in Series E financing. The round is led by One Peak Partners and Goldman Sachs Private Capital, with existing investors Piton Capital and ENERN Investments also participating, and brings total raised to date to around €130 million. Founded in 2012, as it stands to day DocPlanner’s offering has two pillars: a consumer-facing marketplace and reviews site, ...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Spain, Turkey, Poland, Latin America, Curitiba, Piton Capital, Goldman Sachs Private Capital, Docplanner, Warsaw Barcelona Istanbul Rome Mexico City


Pleo, the multi-card business spending platform, closes $56M Series B

Pleo, the Danish fintech that offers a “business spending platform” that lets companies easily issue employees with cards and manage expenditure, has raised a hefty $56 million in Series B funding. Leading the round is Stripes, the New York-based growth fund, with participation from existing investors, Kinnevik, Creandum and Founders. I understand that the new funding values the company at a little under half a billion dollars and brings the total amount raised to $79 million. Founded in 2015 by...
Tags: Fundings & Exits, Startups, TC, Europe, New York, Sweden, Tech, Roskilde Festival, Denmark Germany, Pleo, Jeppe Rindom, Kinnevik Creandum, Niccolo Perra Pleo, Pleo MasterCard, Rindom



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