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ScoutRFP Scores $33M to Compete in Supplier Management Sector

ScoutRFP, whose software is designed to help businesses streamline the process of ordering goods from suppliers, announced that it raised $33 million in a Series C fundraising round led by Scale Venture Partners.San Francisco-based Scout, part of a tech sector dubbed supplier relations management, or SRM, aims to free businesses from painstaking traditional methods of seeking bids from various suppliers and comparing their merits. Some companies are still doing this by laboriously creating spre...
Tags: Deals, Startups, Mobile, Cloud, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Web, It, Vc, Software, Automation, Innovation


Infor lands $1.5 billion investment ahead of IPO

Infor, a NYC-based enterprise software company, announced a massive $1.5 billion investment today that could be the precursor to an IPO in the next 12-24 months. One analyst is estimating that the valuation could be at least $60 billion. The investment is being led by Koch Industries’ investment arm, Koch Equity Development, and Golden Gate Capital. Today’s investment comes on top of a $2 billion+ cash infusion from Koch in 2017, bringing the total raised to at least more than $3.5 billion along...
Tags: TC, Cloud, New York, Enterprise, Ipo, Funding, Tech, ERP, Sap, CRM, Enterprise Software, Koch Industries, Newman, Koch, Wang, Infor


Infor lands $1.5 billion investment ahead of possible IPO

Infor, a NYC-based enterprise software company, announced a massive $1.5 billion investment today that could be the precursor to an IPO down the road. One analyst is estimating that the valuation could be at least $60 billion. The investment is being led by Koch Industries’ investment arm, Koch Equity Development, and Golden Gate Capital. Today’s investment comes on top of a $2 billion+ cash infusion from Koch in 2017, bringing the total raised to at least more than $3.5 billion. That’s a lot of...
Tags: TC, Cloud, New York, Enterprise, Ipo, Funding, Tech, ERP, Sap, CRM, Enterprise Software, Koch Industries, Newman, Koch, Wang, Infor


Byju’s buys Osmo for $120M to add blended learning to its $4B digital education business

Weeks after it raised a massive $540 million funding round, Indian education unicorn Byju’s is on the M&A path. The company announced today it has snapped up U.S-based Osmo, a startup that develops apps for kids that use offline input, in a deal worth $120 million. Osmo has raised over $30 million from investors that include Mattel, Sesame Workshop, Upfront Ventures, K9 Ventures and Accel. They were offered a cash option but elected for an all-stock payout, Osmo CEO Pramod Sharma told T...
Tags: Fundings & Exits, TC, Asia, Technology, Education, India, Funding, Kindle, Tech, Ceo, Ipads, United States, Tencent, Bank, Cosmo, TechCrunch


Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B as it aims to grow its reach to over one million SMEs and micro-SMEs in India. Founded in 2012 as a side-project, Instamojo offers independ...
Tags: Fundings & Exits, TC, Facebook, Ecommerce, Asia, Southeast Asia, India, Funding, Africa, Tech, Economy, King, UPI, Bengaluru, Paytm, Kalaari Capital


Opendoor competitor Knock raises $400M

Home trade-in platform Knock has brought in a $400 million investment to accelerate a national expansion and double its 100-person headcount. Foundry Group has led the Series B funding round in New York-based Knock, with participation from Company Ventures and existing investors RRE Ventures, Corazon Capital, WTI and FJ Labs . Knock co-founder and chief executive officer Sean Black declined to disclose the startup’s valuation. Founded in 2015, Knock helps its customers find a new home, t...
Tags: Startups, Real Estate, New York, Softbank, Funding, Tech, Venture Capital, Black, Foundry Group, RRE Ventures, Trulia, PitchBook, Knock, Vision Fund, FJ Labs, Katerra


A VC’s Take: Global Volatility Hurts U.S. Venture Ecosystem

As Xconomy’s editors looked back at the year just passed, we asked technology leaders to comment on the trends they’d observed in 2018, and the developments they expected in 2019. Some leaders responded with their views on the business impact of the Trump era, pointing to specific policy positions such as tax code revisions, curbs on immigration, and the decision by federal regulators to roll back net neutrality requirements on telecom carriers.Alex Niehenke, a partner at Foster City, CA-based ...
Tags: Startups, Mobile, Hardware, Net Neutrality, Internet, Entrepreneurship, China, Russia, Funding, Immigration, San Francisco, Trends, Tech, Investment, Eu, Web


Digital insurance firm Singapore Life raises $33M ahead of Southeast Asia expansion

Digital insurance firm Singapore Life has started 2019 with a bang after it raised $33 million across two investments as it eyes new market expansions in Southeast Asia. The company pulled in $20 million from NYSE-listed Aflac Investment on December 31 and then it added a further $13 million via an investment from Aberdeen Standard Investments, a Scotland-based asset management firm with 50 offices worldwide. These deals take the company to $97 million to date, which included a massive $50 milli...
Tags: Fundings & Exits, Asia, Scotland, Finance, China, Southeast Asia, Singapore, Funding, Tech, Asia Pacific, Hsbc, Alibaba, Tencent, Head, Nyse, Asset Management


American Express acquires Japan-based restaurant booking service Pocket Concierge

American Express has made an acquisition in Japan after it picked up restaurant booking service Pocket Concierge in an undisclosed deal. The acquisition was announced in Japanese and in English by James Riney, the head of 500 Startups Japan which invested in Pocket Concierge as one of its first deals in the country. The service was launched in 2013 to help book quality restaurants, including those that are Michelin-starred and others that have months-long waitlists for reservations. It curren...
Tags: Cake, Fundings & Exits, Asia, Chef, Japan, Money, Finance, Funding, Tech, Economy, American Express, Michelin, 500 Startups, Head, James Riney, Opentable


Austin’s Localeur, Millennial-Focused Travel Startup, Hits 100 Cities

Austin—Localeur, a travel recommendation startup, is celebrating its (nearly) fifth anniversary by announcing its 100th city.The Austin startup focuses on recruiting a group of local residents who can provide insider information on each travel destination. The “localeurs”—a portmanteau of local and connoisseur—are millennials catering to the tastes of their own. Localeur made its debut in 2013 at South By Southwest with Austin as its first city and then expanded to San Francisco, New York, and ...
Tags: Travel, Apps, Texas, Instagram, Tinder, Funding, Los Angeles, Trends, Tech, Diversity, Investment, Vc, Austin, Innovation, Millennials, Venture Capital


Wiliot nabs $30M from Amazon, Avery Dennison, Samsung for a chip that runs on power from ambient radio frequencies

As we continue the quest for better and more efficient sources of energy to link up our connected world, companies that are developing new power solutions are attracting attention. Today, a startup called Wiliot, which makes semiconductors that harness ambient nanowatts of electromagnetic energy from cellular, WiFi and Bluetooth networks to work without batteries or other traditional wired power sources, announced that it has closed a $30 million round of funding. The backers are a notable mix o...
Tags: Amazon, TC, Europe, Hardware, France, Funding, Israel, Samsung, Tech, Intel, San Diego, Qualcomm, Sigfox, Avery Dennison, Tamir, Wiliot


Startups Weekly: Will Trump ruin the unicorn IPOs of our dreams?

The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents with the SEC to go public. Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports) were likely to IPO in 2019, too. Unfortunately, floats that seemed imminent may not actually surface until the second half of 2019 —...
Tags: Startups, Facebook, Lyft, Uber, Money, Pinterest, Wall Street, Softbank, Funding, Tech, Venture Capital, SEC, WeWork, Magic Leap, Sequoia Capital, Donald Trump


Xiaomi’s five-year plan is a $1.5 billion bet on smart homes

Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 100 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating office Lei Jun announced on Friday. AIoT, short for “AI + IoT,” is an upgrade from devices connected to the internet, known as the Internet of Things. AIoTs are intelligent, run on automated systems and can learn from users’ habits, like ...
Tags: Asia, Hardware, China, Funding, Tech, Smartphone, Smartphones, Xiaomi, Ikea, Baidu, Huawei, Operating System, Lei Jun, Smart Devices, Voice Assistant, Lei


The pre-seed diligence framework

Gaurav Jain Contributor Gaurav Jain is one of the founders of Afore Capital, a $47 million fund focused on pre-seed. He was also an early early product manager for Android. More posts by this contributor How To Be A VC Without Any Capital APIs Are The New FTEs By now it’s clear that seed is the new Series A. Seed rounds have tripled in size and companies have been around for 2.4 years before they raise ...
Tags: Column, Mark Zuckerberg, Funding, Tech, Venture Capital, Airbnb, Focus, Seed Funding, Gaurav Jain


FAANG, Public Trust, Valuations, in 2019: The Read from Menlo Ventures

The market caps of some of the most successful tech titans reach as high as $1 trillion. Yet in 2018, perceptions about these dominant companies often reflected uneasiness and doubt—and for some, so did their stock performance.Maybe the mood shift has to do with the fact that the public and government leaders no longer evaluate these tech giants based solely on their spectacular market growth and multi-billion-dollar valuations, but also on the effects of their products, which are woven into al...
Tags: Apple, Google, Amazon, Startups, Facebook, Uber, Microsoft, Privacy, Entrepreneurship, Ipo, Russia, Funding, San Francisco, Trends, Tech, Vc


Meet Caper, the AI self-checkout shopping cart

The Amazon boogie-man has every retailer scrambling for ways to fight back. But the cost and effort to install cameras all over the ceiling or into every shelf could block stores from entering the autonomous shopping era. Caper Labs wants to make eliminating checkout lines as easy as replacing their shopping carts while offering a more familiar experience for customers. The startup makes a shopping cart with a built-in barcode scanner and credit card swiper, but it’s finalizing the technology to...
Tags: Travel, Amazon, Food, Fundings & Exits, Startups, TC, Ecommerce, Apps, Hardware, NYC, Funding, Tesla, Artificial Intelligence, Jp Morgan, Goldman Sachs, Payments


Uber’s India rival Ola nears $6 billion valuation ahead of huge funding round

Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in 520 crore (around $75 million) from existing investor Steadview Capital, according to filings provided to TechCrunch by business signals platform paper.vc. The paperwork indicates that Ola’s bu...
Tags: Fundings & Exits, TC, Uber, Asia, Australia, Ipo, Collaborative Consumption, India, Softbank, Funding, Tech, Automotive, New Zealand, Tencent, Foodpanda, Food Delivery


Emeritus, which develops online courses with universities, raises $40M

The funding streak for educational startups in Asia continues into 2019 after Emeritus, a U.S-Indian company that partners with universities to offer digital courses, landed a $40 million Series C round led by Sequoia India. The deal includes participation from existing investor Bertelsmann India Investments, and it takes Emeritus — founded in 2010 as offline management program company Eruditus — to around $50 million from investors to date. It also follows notable rounds in December for Indi...
Tags: Fundings & Exits, TC, Asia, Technology, Education, Boston, Singapore, India, Funding, Tech, Mit, Dubai, Bertelsmann, Mumbai, Columbia, Coursera


OneLogin snares $100M investment to expand identity solution into new markets

OneLogin is not a young startup by any means. The identity access management company was founded in 2009 and has watched while companies like Ping Identity, Duo Security and Okta had tidy exits. But as CEOs are fond of pointing out, the total addressable market is large and where investors see a chance, they take it. Today, the company announced a $100 million investment. The latest round was led by new investors Greenspring Associates and Silver Lake Waterman, the late-stage investing arm of Si...
Tags: Cloud, Asia, Europe, Enterprise, Microsoft, Okta, Ipo, Funding, US, Tech, Onelogin, Brooks, Scale Venture Partners, Greenspring Associates, Silver Lake Waterman, CRV


How Trump’s government shutdown is harming cyber and national security

It’s now 18 days since the U.S. government unceremoniously shut down because Congress couldn’t agree on a bill to fund a quarter of all federal departments — including paying their employees. But federal workers are starting to feel the pinch after not getting paid for two weeks, and this will have a knock-on effect to U.S. national security. The longer the shutdown goes on, the greater the damage will be. The “too long, didn’t read” version is that before Christmas, President Trump wanted $5 bi...
Tags: Security, Congress, Washington, Mexico, Government, Nsa, Senate, White House, Funding, Defense, Tech, House, President, National Security, Homeland Security, Secret Service


The Power Combo of A.I. Devices with Cloudlets Comes with Cyber Risks

When we have a chance to view it from a distance, the year 2018 may be seen as a period when innovations in a number of technological fields came together to transform not only the future of computing, but also the very structure of the Internet.First, entrepreneurs vying to invent self-driving vehicles, virtual assistants, and intelligent industrial machines created a hunger for more powerful semiconductors that could enable scattered devices to take over sophisticated calculations powered by ...
Tags: Startups, Mobile, Cloud, Hardware, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Web, It, Cybersecurity, Ransomware, Vc, Software


Open source monetization startup Tidelift raises $25m series B

The curse of open source software is that it is used in pretty much every application and device on the planet, and yet, has pretty much no business model. , because without a durable source of income, the developers behind these critical projects cannot invest their full energies to improve, maintain, and secure them. Tidelift, a startup founded by a group of long-time open source engineers and executives, has taken on the problem in a compelling way. As I wrote about them last year as part of...
Tags: Startups, Open Source, Developer, Funding, Tech, Javascript, Developers, SaaS, Ibm, Fischer, Donald Fischer, Tidelift, General Catalyst Foundry Group, Matthew Szulik, Donald -RSB- Fischer, Gulp Carbon Jekyll Beautiful Soup


From Immigration to Taxes, Execs Talk Trump Effect on Innovation

When it comes to developing and promoting innovation, external factors beyond the control of company founders, investors, and other business leaders can also determine whether a startup succeeds or fails.In 2018, geopolitical events—in particular, President Donald Trump’s hard-line stances on trade and immigration, and the repeal of net neutrality rules—were top of mind for several business executives we interviewed recently. They shared their thoughts via e-mail with me, Xconomy’s national cor...
Tags: Startups, Mobile, Politics, Net Neutrality, Internet, Washington, China, Funding, Immigration, Trends, Tech, Investment, Tax, Web, People, Software


The Do’s and Don’ts of Fundraising: Advice From Founders to Investors

Feedback to investors about what helps and doesn’t help founders when fundraising. I originally asked this question to several founders with the intent of addressing angel investors but I’ve found it doesn’t exclude other institutional investors either. If you Google “fundraising startups” you’ll find thousands of articles on how to get started, what you should do and how you should communicate to investors. What many first time entrepreneurs don’t learn till later is that it’s not a one way s...
Tags: Google, Startups, Technology, Funding, Startup, Founders, Fogarty, Austin Startups, Startup-lessons, Barbara Timm Brock, Helena Fogarty, Mi Ola Active Swimwear, Julia McNamara, Alexandra Damsker, Bessemer Venture Partners They, eTrack Health


Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. [Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one mon...
Tags: Fundings & Exits, Asia, Indonesia, Youtube, Finance, Southeast Asia, India, Funding, Insurance, Tech, Car, Automotive, Philippines, Malaysia, Online Marketplace, Alphabet


Vengo, maker of touch-screen vending machines, just collected $7 million in fresh equity funding

Vengo, a six-year-old, Bethpage, New York-based startup that makes touchscreen vending machines for a wide variety of uses and clients, has raised $7 million in new equity funding, shows a new SEC filing. That roughly doubles the amount of money the company has raised over the years, including from such notable investors as Brad Feld, Gary Vaynerchuk, Tony Hsieh, David Tisch, rap mogul Nas, and Joanna Wilson, among others. Vengo makes wall-mounted mini-vending machines the size of large pi...
Tags: TC, New York, Hardware, Abc, Funding, Tech, Nas, Venture Capital, Brad Feld, SEC, Shark Tank, New York University, Kiehl, Inc, Tony Hsieh, David Tisch


Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China’s up-and-coming startups that are challenging the country’s internet establishment — they are Meituan, the super app firm that speciali...
Tags: Fundings & Exits, Asia, Twitter, Social Networks, Finance, China, India, Funding, Tech, E-commerce, United States, Alibaba, Silicon Valley, Airbnb, Alibaba Group, Lightspeed Venture Partners


New Year to Bring New Data Security Threats, Cyber Investor Warns

Bob Ackerman is one of the venture capitalists whose funding has long fed the growth of the burgeoning cybersecurity industry. So, you might imagine that his outlook on data protection for 2019 would be more optimistic than in past years, because businesses now take advantage of a broad choice of security services to protect themselves.Ackerman (pictured) is founder and managing director of San Francisco-based VC firm AllegisCyber, and co-founder of Fulton, MD-based DataTribe, which helps launc...
Tags: Startups, Mobile, Facebook, Hardware, Internet, Entrepreneurship, China, Russia, Funding, San Francisco, Trends, Tech, Web, It, Malware, Cybersecurity


Samsara banks $100M at a $3.6B valuation for its internet-connected sensors

Sensor data platform Samsara confirmed this morning that it had closed a new round of funding from existing investors Andreessen Horowitz and General Catalyst that values the startup at $3.6 billion. The news was first reported by Cheddar, which spotted a filing with the state of Delaware on December 21 disclosing Samsara’s intent to raise a $100 million round at more than double the valuation it garnered upon its $50 million Series D this March. “Our growth comes from bringing transformation...
Tags: Startups, Funding, San Francisco, Tech, Atlanta, Cisco, Venture Capital, Andreessen Horowitz, East Coast, Delaware, Marc Andreessen, Samsara, Hemant Taneja, Kiren Sekar Samsara, Sanjit Biswas, John Bicket


Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up

Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source with knowledge of the plan told TechCrunch. Grab declined to comment for this story. That Series H round has been open since June. Already, it has seen participation from the likes of Toyota...
Tags: Google, Fundings & Exits, Startups, Uber, Asia, Business, Microsoft, Indonesia, China, Southeast Asia, Singapore, Softbank, Funding, Thailand, Automotive, Philippines



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