Posts filtered by tags: Fundings & Exits[x]


Email security company Tessian is closing in on a $40M round led by Sequoia Capital

Continuing a trend that VCs here in London tell me is seeing an increasing amount of deal-flow in Europe attract the interest of top-tier Silicon Valley venture capital firms, TechCrunch has learned that email security provider Tessian is the latest to raise from across the pond. According to multiple sources, the London-based company has closed a Series B round led by Sequoia Capital. I understand that the deal could be announced within a matter of weeks, and that the round size is in the regio...
Tags: Fundings & Exits, Startups, TC, Europe, Balderton Capital, London, Tech, Silicon Valley, Sequoia Capital, Imperial College, Tim Sadler Tom Adams, Tessian, Ed Bishop Tessian

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

BeMyEye acquires Streetbee, a Russian crowdsourcing and image recognition provider

London-headquartered BeMyEye has made another acquisition, its third in a little over three years. This time the retail execution monitoring service is purchasing Russian crowdsourcing and image recognition provider Streetbee. The acquisition will see BeMyEye launch “Perfect Shelf,” which will use image recognition technology to lower the cost for consumer goods companies wanting to get “objective and actionable” in-store insights. These will typically include share of shelf and planogram compli...
Tags: Fundings & Exits, Startups, TC, Europe, London, Russia, Tech, CIS, BeMyEye, Streetbee, Luca Pagano, Andrey Elisev, Kirill Nepomnyashchiy, Vladimir Lyzo

AWS makes another acquisition grabbing TSO Logic

AWS has been on a mini shopping spree since the first of the year. First it picked off Israeli disaster recovery startup CloudEndure last week. This week, it was TSO Logic, a Vancouver startup that helps companies make the most efficient use of cloud resources. The companies did not share the purchase price. Amazon confirmed the purchase by email and referred to the statement on the TSO Logic website from CEO Aaron Rallo. “We are very pleased to share the news that TSO Logic will be joinin...
Tags: Amazon, Fundings & Exits, TC, Cloud, Microsoft, Tech, M&a, Aws, Mergers and Acquisitions, Vancouver, Rallo, Amazon Update, Cloud Cost Optimization, TSO Logic, Aaron Rallo, Outposts TSO Logic

Campaign Monitor acquires email enterprise services Sailthru and Liveclicker

CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including Bloomberg and Samsung. Both of these acquisitions quietly closed in 2018. Compared to Sailthru, which had raised a...
Tags: Fundings & Exits, Startups, Enterprise, Email, Marketing, Samsung, Tech, Bloomberg, E-commerce, Personalization, Campaign Monitor, Sailthru, Exit, Marketing Automation, Emma, TJX

Smartsheet acquires Slope to help creatives collaborate

Smartsheet, the project management and collaboration tool that went public last April, announced the acquisition of Seattle-based TernPro, Inc., makers of Slope, a collaboration tool designed for sharing creative assets. The companies did not share the acquisition price. Bringing Slope into the fold will enable Smartsheet users to share assets like video and photos natively inside the application, and also brings the ability to annotate, comment or approve these assets. Smartsheet sees thi...
Tags: Fundings & Exits, TC, Enterprise, Microsoft, Tech, Workflow, Gartner, Collaboration, M&a, Oakland Athletics, Mergers and Acquisitions, Seattle, Slope, Dan Bloom, Constellation Research, Alan Lepofsky

Workforce management solution Quinyx raises further $25M

Quinyx, the cloud-based workforce management solution, has raised a further $25 million in funding. The investment was led by the startup’s existing investors Alfvén & Didrikson, Battery Ventures, and Zobito. Founded in 2005 by Erik Fjellborg, Quinyx’s CEO, after he spent the summer working at McDonald’s, the company’s workforce management software helps businesses of all sizes manage employee scheduling, communication, task-management and payroll integration. Quinyx’s core focus is shift-based ...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Erik, McDonald, Daniel Wellington, Odeon Cinemas Group, Quinyx, Alfvén Didrikson Battery Ventures, Erik Fjellborg Quinyx, Sweden Finland Germany Norway Denmark, Fjellborg Adds Michael Brown

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

Manual raises £5M to build its ‘wellbeing guide’ for men

Manual, a ‘wellbeing platform’ for men, has closed £5 million in seed funding. Backing the round is the U.K.’s Felix Capital, Germany’s Cherry Ventures, and U.S.-based Cassius Capital. The first iteration of the startup’s offering is being launched today: a new website that aims to arm men with the knowledge and tools they need “to proactively solve their wellbeing and look after their health”. “At Manual we want men to take control of their health and happiness by helping guide them to the choi...
Tags: Fundings & Exits, Startups, TC, Europe, London, Tech, Athens, Deliveroo, Manual, George Pallis, Pallis, Felix Capital Germany s Cherry Ventures, Cassius Capital, Michalis Gkontas, Michalis, National Pharmacy Association

Goldman Sachs leads $8M round in cyber security skills platform Immersive Labs

Immersive Labs, a cyber security skills platform founded by James Hadley, who used to be a researcher at GCHQ, has raised $8 million in Series A funding. Leading the round is Goldman Sachs, with participation from a number of unnamed private investors. Operating in the cyber security training space, Immersive Labs helps enterprise IT and other cyber security teams acquire the latest security skills by combining up to date threat data with what is describes as “gamified” learning. This sees th...
Tags: Fundings & Exits, Startups, TC, Europe, Gchq, Tech, Goldman Sachs, Hadley, Immersive Labs, James Hadley, BAE Systems Sophos

Daily Crunch: Bing has a child porn problem

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Microsoft Bing not only shows child pornography, it suggests it A TechCrunch-commissioned report has found damning evidence on Microsoft’s search engine. Our findings show a massive failure on Microsoft’s part to adequately police its Bing search engine and to prevent its suggested searches and images fr...
Tags: Social, Fundings & Exits, Startups, TC, Cloud, Apps, Asia, Hardware, Microsoft, Developer, Entertainment, Government, Halo, Samsung, Tech, Nasa

Daily Crunch: How the government shutdown is damaging cybersecurity and future IPOs

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. How Trump’s government shutdown is harming cyber and national security The government has been shut down for nearly three weeks, and there’s no end in sight. While most of the core government departments — State, Treasury, Justice and Defense — are still operational, others like Homeland Security, which ...
Tags: Fundings & Exits, Startups, Gadgets, Lyft, Apps, Hardware, Enterprise, Finance, Government, Samsung, Tech, Policy, Venture Capital, Aws, SEC, Fidelity

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

Mr Jeff bags $12M Series A to replace trips to the laundromat

If you thought the on-demand laundry space had run out of startup steam here’s a bit of a conditioner: Madrid-based startup, Mr Jeff, has bagged a $12M Series A, led by All Iron Ventures. The 2016-founded firm currently offers home laundry and dry cleaning services, including on-demand and monthly subscription options, in seven countries, with a focus on LatAm. Last August it acquired Brazilian laundry franchise, Lava é Leva, to move into another market in the region. The franchise model sets th...
Tags: Fundings & Exits, Startups, Apps, Asia, Africa, Tech, Madrid, Jeff, Kim Jung, Panama Costa Rica, Recent Funding, All Iron Ventures, Mr Jeff, On-demand Laundry, Uruguay Prior, Albert Armengol

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 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

Badi gets $30M for AI-aided room rentals

Should you let AI help you pick your roommates? Barcelona-based urban room rental startup Badi thinks so, and it’s just closed a $30M Series B funding round less than a year after a $10M Series A — suggesting algorithm-aided matchmaking is resonating with its target Millennial(ish) ‘Generation Rent’ demographic, as they hunt for their next flatmate. The 2015 founded startup has now raised circa $45M in total, while its platform has passed 12M rental requests. Badi also tells us it passed one ...
Tags: Fundings & Exits, Startups, Apps, Europe, Real Estate, UK, London, France, Tech, Spain, Barcelona, Rome, Artificial Intelligence, United Kingdom, Paris, Italy

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

Daily Crunch: Well Facebook, you did it again

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Facebook is the new crapware  Well Facebook, you did it again. Fresh off its latest privacy scandal, the troubled social media giant has inked a deal with Android to pre-install its app on an undisclosed number of phones and make the software permanent. This means you won’t be able to delete Facebook fro...
Tags: Google, Security, Social, Fundings & Exits, Startups, Gadgets, Mobile, Facebook, Apps, Hardware, US, Samsung, Tech, Hack, Sprint, WeWork

Amazon reportedly acquired Israeli disaster recovery service, CloudEndure for around $200M

Amazon has reportedly acquired Israeli disaster recovery startup, CloudEndure. Neither company has responded to our request for confirmation, but we have heard from multiple sources that the deal has happened. While some outlets have been reporting that the deal was worth $250 million, we are hearing that it’s closer to $200 million. The company provides disaster recovery for cloud customers. You may be thinking that disaster recovery is precisely why we put our trust in cloud vendors. If someth...
Tags: Google, Amazon, Fundings & Exits, TC, Cloud, Enterprise, Tech, M&a, Aws, Disaster Recovery, Cloud Migration, Infosys, Magma Venture Partners, Wang, Ray Wang, Constellation Research

Plaid snags Quovo to build full-service financial API offering

Plaid, a startup that has made a name building APIs for financial services apps aimed at consumers, expanded its horizon today with the purchase of Quovo, a similar company with a focus on the investments side of the financial service business. Bloomberg reported the price tag could be as much as $200 million, but the company told TechCrunch that it is not sharing the price. It seems that Plaid, which has raised almost $310 million, including $250 million on a $2.65 billion valuation just last m...
Tags: Fundings & Exits, TC, Developer, Tech, Bloomberg, M&a, Financial Services, Plaid, Fintech, APIs, SoFi, John Hancock, Quovo, Lowell Putnam, Robinhood Quovo, Stifel Vanguard Empower Retirement

Scape Technologies raises $8M to let machines visually understand their surroundings

Scape Technologies, a London-based computer vision startup, is de-cloaking today to announce that it has raised $8 million in seed fund and launching the first iteration of its “Visual Positioning Service,” which lets developers build apps that require location accuracy far beyond the capabilities of GPS alone. The technology will initially target augmented reality apps, but can also be used to power applications in mobility, logistics and robotics. More broadly, Scape wants to enable any machin...
Tags: Google, Fundings & Exits, Startups, TC, Europe, London, Tech, Cto, Sdk, Miller, Scape, Edward Miller, Visual Positioning Service, Scape Technologies, LocalGlobe Mosaic Ventures Fly Ventures, Entrepreneur First Scape Technologies

Uber’s IPO may not be as eye-popping as we expected

Uber is expected to raise $10 billion later this year in one of the largest U.S. initial public offerings in history. The float will value the ride-hailing giant somewhere between $76 billion — the valuation it garnered with its last private financing — and $120 billion — a sky-high figure assigned by Wall Street bankers that’s had even early Uber investors scratching their heads. A new report from The Information pegs Uber’s initial market cap at $90 billion. To develop the estimate, the sit...
Tags: Amazon, Fundings & Exits, Startups, TC, Transportation, Uber, Pinterest, Wall Street, India, Softbank, Tech, Middle East, Venture Capital, The Wall Street Journal, Travis Kalanick, Wall Street Journal

Daily Crunch: Nvidia breaks with tradition at CES 2019

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Nvidia launches the $349 GeForce RTX 2060 Nvidia broke with tradition and put a new focus on gaming at CES. Last night the company unveiled the RTX 2060, a $349 low-end version of its new Turing-based desktop graphics cards. The RTX 2060 will be available on Jan. 15. 2. Elon Musk’s vision of spaceflight ...
Tags: Apple, Fundings & Exits, Startups, TC, Gadgets, Gaming, Asia, Europe, Elon Musk, Hardware, Enterprise, Finance, Siri, Tech, Venture Capital, Nvidia

To automate bigger stores than Amazon, Standard Cognition buys

Standard Cognition helps retail stores stand up to Jeff Bezos’ juggernaut. The $50 million-funded autonomous checkout startup is racing to equip bigger shops with scanless payment technology that lets customers walk out the door without ever stopping at a cashier. While Amazon Go opens its own 2,000 square foot boutiques, Standard Cognition is working on outfitting 20,000 square foot and larger drug stores and grocers. That led Standard Cognition to make its first acquisition, Why w...
Tags: Google, Amazon, Food, Fundings & Exits, Startups, TC, Transportation, Facebook, Ecommerce, Hardware, Developer, US, Tech, Artificial Intelligence, M&a, Alexis Ohanian

Motorola Solutions acquires VaaS, makers of automated license plate readers, for $445M

Motorola Solutions, which split off from Motorola Mobility back in 2011, has added a new license plate capture tool to it law enforcement suite with the acquisition of VaaS International Holdings today for $445 million in cash and equity. The acquisition should help enhance the company’s set of law enforcement products. “Within the public safety space [Motorola Solutions] provides an end-to-end suite that police departments can use. From radios to video analytics to the software the dispatch cen...
Tags: Fundings & Exits, TC, Motorola, Tech, Artificial Intelligence, M&a, Mergers and Acquisitions, Image Recognition, Electronic Frontier Foundation EFF, Vigilant Solutions, Motorola Solutions, Digital Recognition Network, Andrew Sinclair, Todd Hodnett, Digital Recognition Network DRN, License Plate Reader Software

Pouch, the browser extension that surfaces discount codes, has been acquired by Global Savings Group

Pouch, the U.K.-based money-saving browser extension, has been acquired by German ‘publishing technology’ platform Global Savings Group. Exact financial terms of the deal remain undisclosed, although I understand it to be a cash purchase and in the 7-figure U.S. dollar range, plus performance related bonuses. The entire Pouch team are joining Global Savings Group, and founders Ben Corrigan, Jonny Plein, and Vikram Simha will continue working on Pouch as its “Global Product Leads”. Launched publi...
Tags: Google, Fundings & Exits, Startups, TC, Europe, London, Tech, Bbc, Natwest, Pouch, Tej Lalvani, Global Savings Group, Global Savings Group Exact, Ben Corrigan Jonny Plein, Vikram Simha, Touker Suleyman Jenny Campbell

A further £18M funding lands on Gousto’s plate

Gousto, the U.K. cook-at-home meal kit service that competes most directly with HelloFresh, has raised a further £18 million in funding. The round is backed by Instagram “health influencer” Joe Wicks, along with existing investors Unilever Ventures, Hargreave Hale, BGF Ventures, MMC Ventures, and Angel CoFund. The new funding brings the total raised by Gousto to £75 million since being founded in 2012, and follows a £28.5 million fund raise last March, which it used to invest in its machine l...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Hellofresh, Joe, Boldt, Wicks, Joe Wicks, Gousto, Timo Boldt, Satay Chicken Lettuce Wraps, Min Nifty Veggie Noodles Cue

Daily Crunch: AR Startups face an uneasy future in 2019

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Magic Leap and other AR startups have a rough 2019 ahead of them  2018 was supposed to be the year where the foundation of AR was set to expand, but now it looks like momentum has been sucked out of the industry’s heavy hitters. 2. Sorry I took so long to upgrade, Apple  Apple missed Wall Street’s Q1 sal...
Tags: Fundings & Exits, Startups, TC, Apps, Asia, Space, Finance, China, Tech, Venture Capital, Starbucks, Augmented Reality, Magic Leap, Mary Meeker, Chang, Apple Apple

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