Posts filtered by tags: Fundings & Exits[x]


Founders Fund investors in Tibber, a Norwegian AI to smartly manage energy

You probably have one electricity supplier for your house. But these days the average household could probably buy form several such companies, it just can’t easily access the market place of possible suppliers. Wouldn’t it be smarter in you had an AI in your house which could purchase energy from these producers, including those within the local grid, at the best prices and at the best time of day? That’s what the Tibber startup does in Norway, and it’s just raised a $12M Series A funding from ...
Tags: Fundings & Exits, TC, Apps, Europe, Sweden, Germany, Tech, Tesla, Artificial Intelligence, Silicon Valley, Norway, Founders Fund, Nordics, Tiber, Spotify Facebook, Tibber

Employee retention platform Peakon raises further $35M in a new round led by Atomico

Peakon, the Denmark headquartered “employee retention platform,” has raised a further $35 million in funding. Described as a Series B extension, the round is led by European venture capital firm Atomico, with backing from existing investors, including EQT Ventures, IDInvest Partners, Balderton Capital, and Sunstone. Originally offering “people analytics” by enabling companies to more regularly survey employees, Peakon has since evolved to become a fully fledged SaaS for employee retention. It...
Tags: Fundings & Exits, Startups, TC, Europe, New York, Tech, New Zealand, Denmark, Atomico, Peakon, Sunstone, Mattias Ljungman Partner, EQT Ventures IDInvest Partners Balderton Capital, Kasper Hulthin, U K Denmark Germany, Capgemini Verizon BMW

Ola raises $300M as part of a new electric vehicle partnership with Hyundai and Kia

Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56 million in early funding by investors including Tiger Global and Matrix India (two of its earliest backers) to spend on its recently spun-out electric ...
Tags: Fundings & Exits, TC, India, Cars, Tech, Automotive, Electric Vehicles, Hyundai, Kia, Ola, Ola Cabs, Ola Electric Mobility, Crunchbase Ola, EVs Ola Electric Mobility

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale, while the fund is called Axeleo Capital. And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well ove...
Tags: Fundings & Exits, Startups, Europe, Tech, France Newsletter, Venture Capital, Auvergne Rhone Alpes, Axeleo, Axeleo Capital, Axeleo Scale, French Tech Accélération, Hi Inov, Dentressangle, Alsid, Jenji Ermeo

misterb&b hits the equity crowdfunding trail to expand into hotels

Homosexuality is illegal in a third of the planet, and in eight countries, it is punishable by death. In the febrile atmosphere of today’s politics, hate crime incidents in the US increased by 17% between 2016 to 2017, according to the FBI. Over 20 of those incidents were crimes against an individual’s sexual-orientation — the largest increase since 9/11. Similar hate crime statistics have increased in the UK and several other western countries. It’s strange and saddening to think that men, wome...
Tags: Social, Fundings & Exits, Startups, TC, UK, Collaborative Consumption, US, Tech, Barcelona, Fbi, Lgbtq, Joel Simkhai, Ventech, Jost, Recent Funding, Wefunder

Passbase is building a full stack identity engine with privacy baked in

Digital identity startup Passbase has bagged $600k in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins, EY; as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp. The 2018-founded Silicon Valley-based startup — whose co-founder we chatted to briefly on camera at Disrupt Berlin — is building what it dubs an “identity engine” to simplify identity verification online. Passbase offers a set of SDKs to developers to...
Tags: Apple, Security, Fundings & Exits, Startups, Apps, Europe, Privacy, Identity, Identity Management, Stanford, US, Tech, Authentication, Chicago, Silicon Valley, Airbnb

London proptech startup Nested has laid off 20% of its workforce citing ‘Brexit uncertainty’

Nested, the London-based “data-driven” estate agency that provides a cash advance to help you buy a new home before you’ve sold your old one, has laid off 20 percent of its workforce, TechCrunch has learned. According to sources, the more than 15 staff being let go were informed earlier today. The majority of departures are within Nested’s operations team, including sales, although I understand they also include a number of engineers and other product people. Contacted by TechCrunch, Nested c...
Tags: Fundings & Exits, Startups, TC, Europe, Balderton Capital, London, Tech, Northzone, Brexit, Global Founders Capital, Cto, Robinson, Matt Robinson, U K House, Nested, Phil Cowans

Breedr raises £2M led by LocalGlobe for its livestock data and trading platform

Breedr, a U.K. startup that wants to help farmers make better use of their livestock data to improve profitability, has raised £2.2 million in funding. The seed round is led by London-based LocalGlobe, with participation from Mons Investment and a number of angel investors. They include Ian Hogarth, Darren Shapland, and Jonathan McKay. The company is previously backed by Forward Partners and Gumtree founder Michael Pennington, which both followed on. Founded in early 2018 by Ian Wheal and later ...
Tags: Fundings & Exits, Startups, TC, Europe, UK, London, Tech, Imperial College London, Forward Partners, U K, Dunbia, DLT, Localglobe, Jonathan McKay, Claire Lewis, Michael Pennington

AgroStar gets $27M Series C to give more Indian farmers increased crop production with data analytics

Indian agriculture tech startup AgroStar announced today that it has raised a $27 million Series C for its platform, which helps farmers increase crop production, manage orders and buy supplies online. The round was led by Bertelsmann India Investments, with participation from returning investors Accel, Chiratae Ventures and Aavishkaar Bharat Fund. AgroStar bills its app as a “one-stop solution” that contains everything India’s 135 million farmers need, including agronomy tools, such as a crop d...
Tags: Fundings & Exits, TC, China, India, Tech, Crops, Farming, Data Science, Agriculture, Bertelsmann India Investments, AgroStar, Shardul Sheth, Pankaj Makkar, Accel Chiratae Ventures

AgroStar gets $27M Series C to give more Indian farmers increase crop production with data analytics

Indian agriculture tech startup AgroStar announced today that it has raised a $27 million Series C for its platform, which helps farmers increase crop production, manage orders and buy supplies online. The round was led by Bertelsmann India Investments, with participation from returning investors Accel, Chiratae Ventures and Aavishkaar Bharat Fund. AgroStar bills its app as a “one-stop solution” that contains everything India’s 135 million farmers need, including agronomy tools, such as a crop d...
Tags: Fundings & Exits, TC, China, India, Tech, Crops, Farming, Data Science, Agriculture, Bertelsmann India Investments, AgroStar, Shardul Sheth, Pankaj Makkar, Accel Chiratae Ventures

Wattpad gains strategic investment from Times Bridge to further expand in India

Wattpad is further expanding into Asia with a new partnership and undisclosed strategic investment from Times Bridge, the global investment arm of the Times Group in India. The deal aims to help the storytelling community establish a larger presence in the country where it already counts over 2.6 million monthly users who have shared more than 4 million stories to date, it says. Similar to its recent partnership with the deal with Times Bridge is also focused on turning more Wattpad stories int...
Tags: Social, Fundings & Exits, Asia, Publishing, India, Tech, Storytelling, Sony, Stories, Hulu, Authors, Wattpad, Sharma, Times Group, Allen Lau, Times Bridge

Time is Ltd. uses data from Slack and other cloud software to help companies improve productivity

Time is Ltd., a Prague-based startup offering “productivity software analytics” to help companies gain insights from employees’ use of Slack, Office 365, G Suite and other enterprise software, has raised €3 million in funding. Leading the round is Mike Chalfen — who previously co-founded London venture capital firm Mosaic Ventures but has since decided to operate as a solo investor — with participation from Accel. The investment will be used by Time is Ltd. to continue building the platform for ...
Tags: Fundings & Exits, Startups, TC, Europe, London, Enterprise, Microsoft, Tech, Prague, Accel, Rezab, Mosaic Ventures, Microsoft Workplace Analytics, Mike Chalfen, Time is Ltd, Slack Office 365 G Suite

Unmind scores £3M investment for its workplace mental health platform

Unmind, a U.K.-based startup that offers a mental health platform for the workplace, has raised £3 million in new funding. The round is led by London-based venture capital firm Felix Capital, with co-investment from Michael Whitfield and Chris Bruce, the founders of Thomson Online Benefits. Founded in 2016, Unmind is a B2B service that provides “clinically backed” tools, training and assessments for company employees in a bid to improve workplace mental health. The digital platform, delivered...
Tags: Fundings & Exits, Startups, TC, Europe, John Lewis, London, Tech, Taylor, Felix Capital, Nick Taylor, Chris Bruce, Unmind, Michael Whitfield

HealthJoy raises $12.5M Series B to help employees make the most of their healthcare benefits

Healthcare in the United States is so complicated that even employees with good benefits might have a hard time navigating their options. HealthJoy wants to help with a health benefits platform that uses AI to answer questions. The Chicago-based startup announced today that it has raised $12.5 million in Series B funding led by U.S. Venture Partners, with participation from Epic Ventures and returning investors Chicago Ventures, Sidekick Ventures and its co-founders. This brings HealthJoy’s t...
Tags: Fundings & Exits, Startups, TC, Insurance, Tech, Benefits, Chicago, United States, Healthcare, Holland, Rakuten, Health Benefits, Epic Ventures, AVG Technologies, U S Venture Partners, Jonathan Root

PolyAI scores $12M Series A to put its ‘conversational AI agents’ in contact centres

PolyAI, a London startup founded by experts in the field of “conversational AI” — including CEO Nikola Mrkšić who was previously the first engineer at Apple-acquired VocalIQ — has raised $12 million in Series A funding to deploy its tech in customer support contact centres. The round was led by Point72 Ventures, with participation from Sands Capital Ventures, Amadeus Capital Partners, Passion Capital, and Entrepreneur First (EF). PolyAI’s founders are graduates of EF, although they didn’t meet d...
Tags: Apple, Fundings & Exits, Startups, TC, Europe, London, Tech, Cambridge, University of Cambridge We, Shawn Wen, PolyAI, Nikola Mrkšić, Dialog Systems Group, Machine Intelligence Lab, Mrkšić

Airbnb agrees to acquire last-minute hotel-booking app HotelTonight

As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The Wall Street Journal, which wrote in January that negotiations for the transaction had “gone cold.” Airbnb is expected to complete a...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, Europe, Pinterest, Australia, San Francisco, Tech, Venture Capital, M&a, Denmark, Airbnb, Wall Street Journal, HotelTonight

Spill picks up £650K seed round for its message-based workplace therapy app

Spill, the London-based startup that offers a message-based therapy app to help improve workplace well-being, has picked up £650,000 in seed investment. The round is backed by Passion Capital, Seedcamp and a number of angel investors, including founder Julian Callede and Urban co-founder Jack Tang. Founded a little over a year ago by Calvin Benton and Gavin Dhesi, Spill aims to reduce the barriers associated with accessing mental health and well-being services, which it says typically l...
Tags: Fundings & Exits, Startups, TC, Europe, London, Tech, NHS, National Health Service, Benton, SPILL, Dhesi, Jack Tang, Julian Callede, Calvin Benton, Gavin Dhesi Spill, Hargreaves Landsown Rightmove

Raisin, the marketplace for savings and investment products, acquires German banking provider MHB Bank

Hot on the heels of raising $114 million in Series D funding, Raisin, the pan-European fintech marketplace for savings and investment products, has acquired MHB Bank of Frankfurt, its main provider of banking services in Germany. Terms of the acquisition remain undisclosed and the deal is still subject to regulatory approval. However, the moves signals a stepping on the gas for Raisin’s geographical and product expansion ambitions. In a call, Raisin CEO and founder Tamaz Georgadze explained that...
Tags: Fundings & Exits, Startups, TC, Europe, Germany, Tech, Eu, Telefonica Germany, Raisin, Starling Bank, European Economic Area EEA, Tamaz Georgadze, Georgadze, MHB Bank, MHB Bank of Frankfurt, Netherlands U K

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Post journalist Jamal Khashoggi, deal flow for Softbank’s Vision Fund appears to be back to normal. The $100 billion megafund has done 21 deals over the last two quarters, that’s as more than in the other quarters of the previous year combi...
Tags: Fundings & Exits, Lyft, Asia, Europe, Washington Post, Saudi Arabia, Finance, China, Southeast Asia, Singapore, India, Softbank, Funding, Tech, Son, Prince

Wefox Group, the Berlin-based insurance tech startup, raises $125M Series B led by Mubadala

Wefox Group, the Berlin-based ‘insurtech’ startup behind the consumer-facing insurance app and carrier One and the insurance platform Wefox, has raised $125 million in Series B funding. Notably, the round is led by Abu Dhabi government-owned Mubadala Ventures (which is also an LP in Softbank’s Vision Fund) and is the first investment from Mubadala’s newly created European Investment Fund. Chinese investor Creditease also participated. The investment, which Wefox Group says is the first tranche i...
Tags: Fundings & Exits, Startups, TC, Europe, New York, Hollywood, Berlin, Softbank, Tech, Ashton Kutcher, Abu Dhabi, Creditease, Mubadala, Wefox, Mubadala Ventures, Julian Teicke

SurveyMonkey acquires web survey company Usabilla for $80M

SurveyMonkey announced today that it has acquired Usabilla, an Amsterdam-based website and app survey company, for $80 million in cash and stock. Zander Lurie, CEO at SurveyMonkey, said Usabilla filled in a missing piece in its survey toolkit. “A key product that we identified that we really wanted to add to the portfolio, which is really adjacent to our VOC (voice of the customer) solution is a website feedback collector helping people on the web or on mobile apps really understand what user...
Tags: Fundings & Exits, Cloud, Enterprise, Microsoft, Tech, Eu, Amsterdam, M&a, Mergers and Acquisitions, Sap, Surveymonkey, Lurie, Zander Lurie, Adobe Salesforce, Survey Software, Usabilla

More Atomico promotions sees three new Partners at the European VC firm

Atomico, the European venture capital firm founded by Skype’s Niklas Zennström, sometimes feels like it’s on a perpetual hiring and promotions spree, even if a number of partners have also departed over the years. Most recently, in November Sophia Bendz, the former Spotify Global Director of Marketing, promoted to Partner. Bendz had already spent two and a half years as an Executive-in-Residence at the London-based VC firm. The same month, Partner Carolina Brochado left to join Softbank’s Vision...
Tags: Fundings & Exits, Startups, TC, Europe, London, Tech, Bbc, Paris, Camilla, Skype, Albion, Niklas Zennstrom, Atomico, Partner, Keane, SoftBank s Vision Fund

500 Startups Japan becomes Coral Capital with a new $45M fund

The 500 Startups Japan crew is going independent. The VC firm announced a $30 million fund in 2015, and now the follow up is a new $45 million fund called Coral Capital. Helmed by James Riney and Yohei Sawayama, just like 500 Startups Japan, Coral will essentially continue the work the U.S. firm  made in Japan, where it made more than 40 investments including Kakehashi , satellite startup Infostellar , SmartHR and Pocket Concierge, which was acquired by American Express . “Coral provide...
Tags: Fundings & Exits, Asia, Business, Japan, Entrepreneurship, Softbank, Funding, Tech, Ceo, Economy, United States, Venture Capital, Coral, Founder, Dave Mcclure, Startup Ecosystem

AirAsia launches a $60M fund to help startups get into Southeast Asia

Budget airline AirAsia is getting into the VC game after it unveiled a venture capital fund that aims to invest in startups across the world. The airline today announced Redbeat Capital, a $60 million fund that it says will operate independently and seek deals with startups worldwide in areas such as travel, lifestyle, fintech and logistics startups worldwide. The big selling point to prospective companies is the opportunity to tap into AirAsia’s business in Southeast Asia, which claims to cater...
Tags: Google, Fundings & Exits, Asia, California, China, Southeast Asia, India, Funding, San Francisco, Tech, Ceo, United States, Tony Fernandes, Aviation, Silicon Valley, Airlines

Voi Technology, the European e-scooter rentals startup, raises an additional $30M

Well, that didn’t take long. Just three months after raising $50 million in Series A funding, e-scooter rentals startup Voi Technology has added another $30 million to its balance sheet. The new round sees existing investors Vostok New Ventures, Balderton Capital, LocalGlobe and Raine Ventures participate again, alongside new investors Project A and Creandum. The inclusion of Project A won’t be entirely new news to close readers of TechCrunch. Based on my own sources, I reported that the Berlin-...
Tags: Fundings & Exits, Startups, TC, Europe, France, Berlin, Tech, Paris, Bird, Silicon Valley, Copenhagen, Madrid, Stockholm, Accel, Atomico, Helsinki

Equity Shot: Lyft files to go public and we’re stoked

Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft . You guessed correctly. The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO process by halting the Securities and Exchange Commission, an agency that plays the most active role in helping a company go public. Now the government is open, and Lyft’s formerly priva...
Tags: Apple, Fundings & Exits, TC, Transportation, Lyft, Tech, Transport, Venture Capital, SEC, Kate, Alex, Initial Public Offering, Megan Rose Dickey, Securities And Exchange Commission, GAAP, Equity podcast

Lyft unveils its S-1 and nearly $1B in 2018 losses

The day has finally come. U.S. ridehailing giant Lyft has unveiled its S-1, the official document required by the Securities and Exchange Commission to go public. The San Francisco-headquartered business will debut on the Nasdaq stock exchange under the ticker symbol “LYFT.”  JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc. will lead the initial public offering expected to value Lyft at upwards of $20 billion, a significant leap from its most recent private v...
Tags: Fundings & Exits, Transportation, Lyft, Finance, San Francisco, Tech, General Motors, Companies, United States, Credit Suisse, Venture Capital, Fidelity, Andreessen Horowitz, Financial Services, Rakuten, Nasdaq

The Nordic Web Ventures raises a second fund and picks up Atomico’s Niklas Zennström as a backer

The Nordic Web Ventures, the ‘pre-seed’ investment firm founded by Neil Murray in late 2017, has raised a second fund to continue backing very early-stage startups within the Nordic ecosystem. The remit of the new “Fund II” is largely unchanged from the first fund, promising to write the first cheque of between $50,000 and $75,000 for the most promising founders in the region. In total, the size of The Nordic Web Ventures’ second fund is $1.5 million, which should see it have enough capital t...
Tags: Fundings & Exits, Startups, TC, Spotify, Europe, Tech, Skype, Niklas Zennstrom, Atomico, Murray, Nordics, Neil, Christoph Janz, Neil Murray, Philipp Moehring, Andy Chung

India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and it has now been joined by a series of investors who have pumped Rs. 400 crore ($56 million) into Ola Electric. Notably, those backers include Tiger Global and Matri...
Tags: Fundings & Exits, Electric Vehicle, Uber, Asia, Collaborative Consumption, India, Softbank, Funding, Tech, Companies, Automotive, United States, Transport, Tencent, Bmw, Tiger Global

Mirakl raises $70 million to manage the marketplace of your e-commerce website

French startup Mirakl raised a $70 million funding round. Bain Capital is leading the round with existing investors 83North, Felix Capital and Elaia Partners also participating. If you’ve bought a few products from a third-party seller on an e-commerce website that isn’t Amazon or Alibaba, chances are you’ve used Mirakl in the past. The company has built a solution to manage the marketplace of your e-commerce platform. While Mirakl doesn’t have a ton of customers, each customer is very valuab...
Tags: Amazon, Fundings & Exits, Startups, Ecommerce, Europe, Mexico, Tech, Alibaba, France Newsletter, Bain Capital, Felix Capital, Mirakl, Elaia Partners, Darty, Canada Walmart

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