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Posts filtered by tags: Fundings & Exits[x]


 

Boston’s year jump starts as two local startups raise $520M in two rounds

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Late last week two Boston-based companies raised big rounds. The size of the two investments — each over the $100 million mark — and their rapid succession made them stand out. The pair of investments raised a question: Is Boston seeing an acceleration in the pace at which it attracts venture capital? Of course, Toast raising $400 million and Flywire raising $120 million with...
Tags: Fundings & Exits, Startups, TC, Boston, Tech, Venture Capital, Toast, Flywire, Winged Bread Toast Boston


Startup buys startup: PullRequest snags remote developer hiring platform Moonlight

PullRequest, a startup that provides code review as a service, announced today that it was buying Moonlight, an early-stage startup that has built an online platform for hiring remote developers. The companies did not share the terms. Lyal Avery, founder and CEO at PullRequest, says he bought this company to expand his range of services. “Our platform is at a place where we’re very confident about our ability to identify issues. We’re moving to the next phase of fixing issues automatically. I...
Tags: Fundings & Exits, Startups, Cloud, Developer, Tech, Austin, Brooklyn, M&a, Mergers and Acquisitions, Avery, Moonlight, Code review, PullRequest, Lyal Avery


PullRequest snags remote developer hiring platform Moonlight in case of startup buying startup

PullRequest, a startup that provides code review as a service, announced today that it was buying Moonlight, an early stage startup that has built an online platform for hiring remote developers. The companies did not share the terms. Lyal Avery, founder and CEO at PullRequest, says that he bought this company to expand his range of services. “Our platform is at a place where we’re very confident about our ability to identify issues. We’re moving to the next phase of fixing issues automatical...
Tags: Fundings & Exits, Startups, Cloud, Developer, Tech, Austin, Brooklyn, M&a, Mergers and Acquisitions, Avery, Moonlight, Code review, PullRequest, Lyal Avery


HQ Trivia shuts down after acquisition falls through

HQ Trivia is dead. Today the company laid off its full staff of 25 and will cease operation of its trivia, sports, and word guessing games, a source close to the company confirmed. HQ Trivia had a deal in the works to be acquired, but they buyer pulled out yesterday and investors aren’t willing to fund it any longer, CEO and co-founder Rus Yusupov said in a statement attained by CNN Business’ Kerry Flynn. “We received an offer from an established business to acquire HQ and continue building ...
Tags: Social, Fundings & Exits, Startups, TC, Mobile, Gaming, Apps, Entertainment, Tech, Cnn, Deadpool, Shut Down, Exit, Co, Trivia, HQ


Why startups are raising more venture debt as VC dollars near all-time records

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. As I write to you, SaaS and cloud stocks are busy setting fresh all-time highs and as we’ve seen, venture interest in modern software companies is pushing more money into the sector. But despite it appearing to be an incredibly good time to raise equity funding, venture debt and revenue-based financing appear to be having a moment. So why are more folks talking about and raising...
Tags: Fundings & Exits, Startups, TC, Tech, United States, John Gallagher, Venture Debt, Kruze, Revup Capital


Where top VCs are investing in construction robotics

Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. Last November, we surveyed 13 of the top robotics-focused VCs to find out which areas of robotics are exciting them most going into 2020. One of the most common areas of attention respondents highlighted were startups focused on construction and manufacturing. In 2019 alone, the robotics space saw roughly 600 venture-backed fundra...
Tags: Fundings & Exits, Startups, TC, Real Estate, Funding, Tech, Venture Capital, Construction, Robotics, Buildings, True Ventures, Building, Matt Murphy, Menlo Ventures, Nea, Felicis Ventures


Tamatem, the games publisher for the MENA market, raises $3.5M to reach other ‘underserved’ gamers

​Tamatem, the leading mobile games publisher in the Arabic speaking market, has raised $3.5 million in additional funding — essentially an extension of the startup’s earlier Series A. The round was led by existing investor ​Wamda Capital, with participation from Modern Electronics Company (a subsidiary of AlFaisaliah Group) and North Base Media. Tamatem says the purpose of this round is two-fold: to “double down” on its efforts in the MENA region, and to expand to other underserved markets world...
Tags: Fundings & Exits, Startups, TC, Iraq, Tech, Syria, Middle East, Jordan, Uae, Mena, Riyadh, Wamda Capital, Hammo, Tamatem, Hussam Hammo, Modern Electronics Company


As 5 more startups join the $100M club, are we just making a pre-IPO list?

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re adding five names to the $100 million annual recurring revenue (ARR) club and listing all preceding members in a single post. This series, which was a bit of an accident, if I’m being honest, has included more than a dozen companies that have reached $100 million ARR, along with a handful more that are close. Today we’re adding Seismic, ThoughtSpot, Noom, Riskified a...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, General Catalyst, Percolate, Asana, Egnyte, Siteminder, ARR, Druva, Riskified, Seismic, ThoughtSpot, Noom


Contextual advertising company GumGum raises $22M

GumGum is announcing that it’s raised $22 million from existing investors, including Morgan Stanley Expansion Capital, NEA spinout NewView Capital and Upfront Ventures — money that CEO Phil Schraeder said he’ll use to pursue a more aggressive acquisition strategy. This Series D comes nearly five years after GumGum raised a $26 million Series C. Schraeder told me the company’s “core business has been profitable for years,” and that GumGum now has the ability to turn profitability “on or off” d...
Tags: Fundings & Exits, TC, Advertising Tech, La, Tech, CMO, Sprint, Santa Monica Calif, Verity, Metrograph, Ophir Tanz, GumGum, Licht, Schraeder, Phil Schraeder, Morgan Stanley Expansion Capital NEA


Google closes $2.6B Looker acquisition

When Google announced that it was acquiring data analytics startup Looker for $2.6 billion, it was a big deal on a couple of levels. It was a lot of money and it represented the first large deal under the leadership of Thomas Kurian. Today, the company announced that deal has officially closed and Looker is part of the Google Cloud Platform. While Kurian was happy to announce that Looker was officially part of the Google family, he made it clear in a blog post that the analytics arm would ...
Tags: Google, Fundings & Exits, Startups, TC, Cloud, Enterprise, Tech, SaaS, M&a, Mergers and Acquisitions, Google Cloud Platform, Exit, Looker, Data Analytics, Bien, Google Cloud


Tandem Bank’s chief product officer has joined Santander InnoVentures

Following the departure of it CTO last month, Tandem Bank, the U.K. challenger bank co-founded by fintech veteran Ricky Knox, has lost another key member of its team, this time seeing chief product officer Matt Ford departing for a career in venture. Ford joined Santander InnoVentures, the venture capital arm of the Spanish incumbent bank, in December, TechCrunch has learned. Specifically, he has been recruited for his entrepreneurial and operator experience, as Santander InnoVentures looks to b...
Tags: Apple, Fundings & Exits, Startups, TC, Europe, Tech, Ford, Santander, Cto, Trish, Matt Ford, Paul Clark, Tandem, Santander InnoVentures, Tandem Bank, Ricky Knox


Former Krux and Salesforce execs raise $15M for their marketing data startup Habu

Marketing startup Habu is emerging from stealth today and announcing that it has already raised $15 million in Series A funding. The company comes out of super{set}, the startup studio created by Krux founders Tom Chavez and Vivek Vaidya. In fact, Chavez is Habu’s chairman, Vaidya serves as CTO and their former Krux colleague Matt Kilmartin (who eventually became chief customer officer for Salesforce’s consumer engagement platform after Salesforce acquired Krux) is the startup’s CEO. Kilmartin t...
Tags: Google, Fundings & Exits, Startups, Adobe, Advertising Tech, Tech, Salesforce, Meredith, Cto, Chavez, Oreal, Tom Chavez, L'Oréal USA, Habu, Kilmartin, Krux


Understanding Airbnb’s new, stubborn lack of profits

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re exploring Airbnb’s march to the public markets. The popular DIY hospitality startup promised last year that it would go public in 2020. That timeline means that its 2019 performance will be included in an eventual S-1 filing, putting the results on public display. Recent news, however, doesn’t paint a perfect picture for the famous unicorn. Indeed, Airbnb’s ...
Tags: Fundings & Exits, Startups, TC, Tech, Airbnb, Wall Street Journal, Unicorn, Wall St, Direct Listing


Infosys is acquiring Simplus for $250M to grow its Salesforce consulting arm

Infosys is a huge consulting organization based in India, which works with clients as they implement complex software integrations. Today, the company announced it was buying Simplus, a Salesforce integration consultant, for $250 million. The company, which is based in Salt Lake City, Utah, launched in 2014 and has raised almost $50 million, according to Crunchbase data. It brings a wide range of Salesforce consulting, training and integration services along with general Salesforce experti...
Tags: Fundings & Exits, Cloud, Enterprise, India, Tech, M&a, Consulting, Salesforce, Infosys, Leary, Salt Lake City Utah, Ravi Kumar, Kumar, Brent Leary, CRM Essentials, Simplus


Meet 500 Startups’ 26th batch of startups

Following TechCrunch’s coverage of 500 Startups’ 25th batch (and numbers 24, 23, 22, and 21, in case you wanted to go back in time), today we’re saying hello to  the accelerator’s 26th cohort. 500 Startups, in case you weren’t aware, is a seed-stage accelerator and a collection of venture funds. The group, now with a few dozen accelerator batches under its belt, has several thousand companies in its universe. 500’s 26th cohort contains 29 companies, including a handful that we’d already heard...
Tags: Fundings & Exits, Startups, TC, Y Combinator, India, Nigeria, Tech, Css, United States, 500 Startups, Pluto, Accelerators, Shippo, Blumenthal, Briza, Aaron Blumenthal


Impala raises $20 million to build the API of the hotel industry

Impala has raised another round of funding just a few months after raising an $11 million Series A round. This time, the startup is raising a $20 million Series B round led by Lakestar. Latitude Ventures is also participating in the round. The company is building a service that works pretty much like Plaid, but for hotel rooms. The hotel industry relies on old-school “property management systems” to manage rooms, room types, pricing, extras, taxes, etc. Instead of asking hotels to switch to an e...
Tags: Fundings & Exits, Startups, Europe, Tech, Accor, Lonely Planet, Lakestar, Hyatt, Impala, JSON, Expedia Group, Recent Funding, Lakestar Latitude Ventures, API Impala, Expedia Hotels


What happened to Slack today

You’ve been busy. I’ve been busy. But people are talking about Slack all over Twitter, so let me catch us both up. All the ruckus concerning Slack and its publicly traded stock appeared to kick off with a Business Insider story, which had the following headline: Slack just scored its biggest customer deal ever, as IBM moves all 350,000 of its employees to the chat app Given the context of the simmering Slack vs. Teams battle, having Slack win what appeared to be a huge, new contract was big n...
Tags: Google, Fundings & Exits, Startups, Tech, SEC, Ibm, Slack


SaaS kicks off 2020 with an extra billion in VC funding as round count halves

The venture capital world is investing more capital into software-as-a-service companies (SaaS), despite cutting the number of deals it executes within the startup category, according to Crunchbase data. The results echo other venture data we’ve explored recently, including a look into early-stage dealmaking that shows a rise in invested venture dollars inversely correlating with a boost to the number of total deals recorded. More capital and fewer deals means larger venture-backed investments, ...
Tags: Fundings & Exits, TC, Tech, SaaS, Venture Capital, Early Stage, Late Stage


SoftBank-backed Brandless shuts its doors for good

It was a roller coaster ride — a short one. Brandless, a San Francisco-based e-commerce company that made and sold an assortment of “cruelty-free” products in beauty and personal care, household, baby and pet categories has shut its doors less than three years after officially opening them in July 2017. In a statement provided to the news outlet Protocol, the company cited a “fiercely competitive” retail market. As part of its shut-down, company will reportedly lay off 70 employees, with 10 stay...
Tags: Fundings & Exits, TC, Softbank, San Francisco, Tech, Walmart, Nea, Jeff Brody, Colin Bryant, Ido Leffler, Vision Fund, Brandless, Tina Sharkey, Evan Price Brandless, John Rittenhouse, Brandless Sharkey


Facebook quietly acquired another UK AI startup and almost no one noticed

Over the last few years, Facebook has been busy building out AI capabilities in areas like computer vision, natural language processing (NLP) and ‘deep learning,’ in part by acquiring promising startups in the space. Understandably, this has seen the U.S. social networking giant look to the U.K. for AI talent, including an acqui-hire of NLP startup Bloosbury AI in 2018, and most recently, acquiring Scape Technologies, a British company using computer vision to offer more accurate location positi...
Tags: Fundings & Exits, Startups, TC, Facebook, Europe, UK, London, Tech, Atlas, NLP, Bloomsbury, Robert Stojnic, Scape Technologies, Deeptide Ltd, Deeptide, Atlas ML co


Starling Bank raises another £60M from existing backers

Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised another £60 million from its existing investors, Merian Global Investors and Harry McPike’s JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Boden told the FT that the bank’s two main backers – who own the majority of shares — are committed to further funding later this year. Starling’s new valuat...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Dublin, Starling, Boden, JTC, Starling Bank, Merian, Anne Boden, Harry McPike, Merian Global Investors, Starling Bank the U K, London Southampton Cardiff


Facebook has acquired Scape Technologies, the London-based computer vision startup

Scape Technologies, the London-based computer vision startup working on location accuracy beyond the capabilities of GPS, has been acquired by Facebook, according to a regulatory filing. Full terms of the deal remain as yet unknown, although a Companies House update reveals that Facebook Inc. now has majority control of the company (more than 75%). However by looking at other filings, including a recent share issue, I understand the price could be about $40 million. Further filings show that Sca...
Tags: Fundings & Exits, Startups, TC, Facebook, Europe, London, Tech, Sdk, Scape, Facebook Inc, Bloomsbury, Edward Miller, Fly Ventures, Scape Technologies, LocalGlobe Mosaic Ventures, Vision Engine


3 unicorn takeaways from the Casper and One Medical IPOs

With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of private capital, venture and otherwise, across the finish line. Even though each IPO featured an unprofitable tech-enabled business that had posted sub-30% growth and gross margins under 50% (far more, in the case of One Medical), they wound up miles apart in terms of their market reception and resulting val...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, Casper, One Medical


Why is One Medical worth more than Casper?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was something fun. First, we were back as a group in the San Francisco studio, which is always fun. Even better, we had NEA’s Rick Yang on hand to chat with Danny and Alex about the week. Yang, as old-school Equity listeners will recall, was back on the show in 2017. (Equity turns three soon, which is somewhat amazing.) All that aside, let’s talk about wh...
Tags: Apple, Fundings & Exits, Startups, Spotify, Podcasts, San Francisco, Tech, Venture Capital, M&a, Equity, Alex, Sequoia, Asana, Exit, Yang, Danny


Carta debuts fund to invest in startups that tap into its platform

This morning Carta, a startup that helps private companies manage equity, announced it has created an investing vehicle called Ventures. The well-funded unicorn wants to invest in young startups that it sees building off of its data-driven perspective into the world of private companies, helping to foster an ecosystem around its core products and services. As TechCrunch has reported, the world of corporate venture capital has seen an enormous rise in the number of players active in the categor...
Tags: Fundings & Exits, Startups, TC, Tech, Andreessen Horowitz, Economist, Carta, McGillicuddy, Henry Ward, Carta Ventures, James McGillicuddy


Europe’s A/O PropTech is a new €250M fund dedicated to companies disrupting real estate

A/O PropTech is a new European VC officially launching today, after raising €250 million of so-called “permanent capital” to invest in technology companies disrupting real estate. It’s this “permanent” approach — seeing the firm structured more like a corporate with various shareholders, rather than a traditional venture capital fund that typically has a life cycle of 2-5 years — which allows A/O PropTech to be stage agnostic. This means the VC invests from Series A to later growth stages and cl...
Tags: Fundings & Exits, TC, Europe, London, Israel, US, Tech, Bricklane Fornova, Gregory Dewerpe


Snafu Records is a music label using algorithms to find its next big artist

Snafu Records is bringing a new approach to finding musical talent — founder and CEO Ankit Desai described the Los Angeles-headquartered startup as “the first full-service, AI-enabled record label.” It’s a world that Desai knows well, having spent the past five years working on digital and streaming strategy at Capitol Records and Universal Music Group. He argued that there’s still a vast pool of musical talent that the record labels are ill-equipped to tap into. “If there’s some girl in Indones...
Tags: Fundings & Exits, Startups, Spotify, Media, Indonesia, Nicki Minaj, Funding, Los Angeles, Tech, Madonna, Abba, Soundcloud, Joan, Little Rock, YouTube Instagram, Desai


Forescout to be acquired by a pair of private equity firms for $1.9B

Forescout, the network security company that has been publicly traded since 2017, announced today it was going private again. Private equity firms Advent International and Crosspoint Capital are acquiring the company in an all-cash purchase of $1.9 billion. The two private equity firms will pay $33 per share, which represented a premium of 30% over the company’s closing price of $25.45 on October 19, 2019. The stock hit $39.87 on October 4th before starting a precipitous drop later that month, d...
Tags: Security, Fundings & Exits, TC, Enterprise, Ipo, Tech, M&a, Private Equity, Mergers and Acquisitions, Advent International, Forescout, DeCesare, Crosspoint Capital, Michael DeCesare


Moteefe, the e-commerce platform for on-demand merchandise, raises $5M Series A

Moteefe, the e-commerce platform for on-demand production of merchandise has raised $5 million in Series A funding. Leading the round is Gresham House, and Force Over Mass Capital. It brings total funding to date to $12.5 million, and will be used to expand into new geographies including Australia and LATAM. The U.K. company also plans to launch new products for large retailers and invest in scaling its operations. Launched in early 2016, Moteefe provides an “end-to-end” technology solution for ...
Tags: Fundings & Exits, Startups, TC, Europe, Australia, Tech, Moteefe, Gresham House, LATAM The U K company, Eefting


Where top VCs are investing in open source and dev tools (Part 2 of 2)

In part two of a survey that asks top VCs about exciting opportunities in open source and dev tools, we dig into responses from 10 leading open-source-focused investors at firms that span early to growth stage across software-specific firms, corporate venture arms and prominent generalist firms. Where top VCs are investing in open source and dev tools (Part 1 of 2) In the conclusion to our survey, we’ll hear from: Gaurav Gupta, Lightspeed Venture Partners Julia Schottenstein, New Enterpri...
Tags: Fundings & Exits, Startups, TC, Open Source, Enterprise, Funding, Tech, SaaS, Venture Capital, Devops, Lightspeed Venture Partners, Nea, Bain Capital Ventures, Bessemer Venture Partners, New Enterprise Associates, Sapphire Ventures



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