Posts filtered by tags: Recent Funding[x]


Tiger Global is betting that more schools are going to share future student earnings

Income-share agreements, or ISAs, are a way to bring flexibility to the often steep financial costs of higher education. The financial model allows a student to learn at zero upfront cost, and then pay any costs through a percentage of future income over time. While the model has caught fire from a variety of trade schools and bootcamps, it’s a hard service to offer at scale. It required underwriting a risky group of people — and that costs money. Just last week, a leader in the ISA space Lambda...
Tags: Startups, TC, Y Combinator, Education, Lgbt, San Francisco, Tech, Isa, Tiger Global, Edtech, Higher Ed, Blair, Sam Hodges, Lambda School, Recent Funding, Ankur Nagpal

Metafy adds $5.5M to its seed round as the market for games coaching grows

This morning Metafy, a distributed startup building a marketplace to match gamers with instructors, announced that it has closed an additional $5.5 million to its $3.15 million seed round. Call it a seed-2, seed-extension or merely a baby Series A; Forerunner Ventures, DCM and Seven Seven Six led the round as a trio. Metafy’s model is catching on with its market. According to its CEO Josh Fabian, the company has grown from incorporation to gross merchandise volume (GMV) of $76,000 in around nine...
Tags: Fundings & Exits, Startups, TC, Gaming, Tech, League Of Legends, DCM, TechCrunch, Forerunner Ventures, Don, Fabian, Recent Funding, Seven Seven Six, Metafy, Forerunner Ventures DCM, Josh Fabian

Lightmatter’s photonic AI ambitions light up an $80M B round

AI is fundamental to many products and services today, but its hunger for data and computing cycles is bottomless. Lightmatter plans to leapfrog Moore’s law with its ultra-fast photonic chips specialized for AI work, and with a new $80M round the company is poised to take its light-powered computing to market. We first covered Lightmatter in 2018, when the founders were fresh out of MIT and had raised $11M to prove that their idea of photonic computing was as valuable as they claimed. They spent...
Tags: Google, Amazon, Fundings & Exits, Startups, TC, Gadgets, Hardware, Boston, Funding, Tech, Intel, Mit, Artificial Intelligence, Nvidia, Machine Learning, Mountain View

Oculii looks to supercharge radar for autonomy with $55M round B

Autonomous vehicles rely on many sensors to perceive the world around them, and while cameras and lidar get a lot of the attention, good old radar is an important piece of the puzzle — though it has some fundamental limitations. Oculii, which just raised a $55M round, aims to minimize those limitations and make radar more capable with a smart software layer for existing devices — and sell its own as well. Radar’s advantages lie in its superior range, and in the fact that its radio frequency beam...
Tags: Fundings & Exits, Startups, TC, Gadgets, Transportation, Hardware, Funding, Tech, Automotive, Autonomous Vehicles, Self-driving Cars, Radar, Lidar, Eagle, Falcon, Hong

From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge , a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a previously undisclosed Series A from Summit Partners in January of 2020. And, it’s currently cash flow positive, accordi...
Tags: Food, Fundings & Exits, Startups, TC, Cloud, Ecommerce, Europe, California, Funding, Startup, Tech, E-commerce, Software, SaaS, Venture Capital, Harry

Una Brands launches with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

Una Brands’ co-founders (from left to right): Tobias Heusch, Kiren Tanna and Kushal Patel. Una Brands Una Brands One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Many of the most notable startups in the space, like Thrasio, Berlin Brands Group and , focus on consolidating Amazon Marketplace sellers. But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms like Tokopedia, Lazada, Shopee, Rak...
Tags: Amazon, Fundings & Exits, Startups, TC, Ecommerce, Asia, Indonesia, Australia, Southeast Asia, Singapore, Tech, West, United States, Asia Pacific, Foodpanda, 500 Startups

Supercell likes Metacore’s games so much it just gave it another $180M credit line

Metacore, a Finnish mobile games company, seems to have an amazing ‘relationship’ with Supercell, another (quite successful) Finnish mobile games company. Back in September 2020, Metacore raised $17.7 million in equity from Supercell and another $11.8 million line of credit, sometimes also called a debt round. That amazing relationship appears to be ongoing. Because Metacore has now raised yet another debt round from Supercell, but this time for €150 million ($180 million). These guys really lik...
Tags: Startups, TC, Gaming, Europe, Tech, Supercell, Video Gaming, Recent Funding, Metacore, Merge Mansion, Mika Tammenkoski

Music mixing marketplace EngineEars raises $1M, with help from Kendrick Lamar

EngineEars today announced a $1 million raise. The company’s first round of funding features investments from Kendrick Lamar, DJ Mustard, Roddy Rich and Slauson and Co. “Quality of sound is still important in music,” Lamar said in a quote provided to TechCrunch. “Ali has always been a progressive thinker. Engineers will transcend the culture.” The service was launched in 2018 by Grammy winner Derek “MixedByAli” Ali, who has worked on a slew of high-profile tracks from artists including Lamar, ...
Tags: Startups, Music, Entertainment, Funding, Tech, Kendrick Lamar, Mixing, Ali, Snoop Dogg, Derek, Lamar, Slauson, Recent Funding, Derek “MixedByAli” Ali, EngineEars, Kendrick Lamar DJ Mustard Roddy Rich

How 4 New Jersey pools turned into a startup that just raised $10M

As the oldest of 12 children, Bunim Laskin spent much of his teen years looking for ways to help keep his siblings entertained. Noticing that a neighbor’s pool was often empty, Laskin reached out to ask if his family could use her pool. To make it worth her while, he suggested that they could help cover her expenses for maintaining the pool. Soon after, five other families had made the same arrangement with her and the pool owner had six families covering 25% of her expenses. This meant that ...
Tags: Google, Fundings & Exits, Startups, TC, Renting, Entertainment, Australia, California, Cdc, Oregon, Funding, Sports, Startup, Tech, Ceo, Canada

Timescale grabs $40M Series B as it goes all in on cloud version of time series database

Timescale, makers of the open source TimescaleDB time series database, announced a $40 million Series B financing round today. The investment comes just over two years after it got a $15 million Series A. Redpoint Ventures led today’s round with help from existing investors Benchmark, New Enterprise Associates, Icon Ventures and Two Sigma Ventures. The company reports it has now raised approximately $70 million. TimescaleDB lets users measure data across a time dimension, so anything that would ...
Tags: Startups, TC, Open Source, Cloud, Enterprise, Funding, New York City, Tech, SaaS, Antarctica, Redpoint Ventures, Postgres, Two Sigma Ventures, Timescale, Ajay Kulkarni, Time Series Database

Cased announces $2.25M seed round to help developers work in production environments

An issue every developer faces is dealing with problems on a live application without messing it up. In fact, in many companies such access is restricted. Cased, an early stage startup, has come up with a solution to provide a way to work safely with the live application. Today, the company announced a $2.25 million seed round led by Founders Fund along with a group of prestigious technology angel investors. The company also announced that the product is generally available to all developers tod...
Tags: Startups, TC, Developer, Funding, Tech, Github, Founders Fund, Seed Funding, Developer Tools, Byrne, Jeff Lawson, Bryan Byrne, Recent Funding, Cased

Fitness ring maker Oura raises $100M

It’s been a wild couple of years for Oura. Last year, in particular, proved to be a major driver for the wearable fitness manufacturer. With the pandemic bringing professional sports to a screeching halt in 2020, a number of major leagues have adopted the ring, including the NBA, WNBA, UFC and NASCAR. The company has also been making a major push into health research courtesy of UCSF, which has published peer-review studies around the ring’s temperature monitor. That feature in particular has ma...
Tags: Health, Startups, Wearables, Hardware, Fitness, Funding, Tech, Nascar, UCSF, Eisai, Chernin Group, Elysian Park, The Chernin Group, OURA, Eurie Kim, Tommi Heinonen

HoneyBook raises $155M at $1B+ valuation to help SMBs, freelancers manage their businesses

HoneyBook, which has built out a client experience and financial management platform for service-based small businesses and freelancers, announced today that it has raised $155 million in a Series D round led by Durable Capital Partners LP. Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors as well as existing backers Norwest Venture Partners and Citi Ventures also participated in the financing, which brings the New York-based company’s valuation to over $1 billion. With th...
Tags: Fundings & Exits, Startups, Business, New York, Small Business, Entrepreneurship, Funding, Articles, Tel Aviv, Tech, Ceo, Economy, Canada, United States, SaaS, Venture Capital

Persona lands $50M for identity verification after seeing 10x YoY revenue growth

The identity verification space has been heating up for a while and the COVID-19 pandemic has only accelerated demand with more people transacting online. Persona , a startup focused on creating a personalized identity verification experience “for any use case,” aims to differentiate itself in an increasingly crowded space. And investors are banking on the San Francisco-based company’s ability to help businesses customize the identity verification process — and beyond — via its no-code platf...
Tags: Travel, Fundings & Exits, Startups, TC, Funding, San Francisco, Startup, Tech, Artificial Intelligence, SaaS, Venture Capital, Machine Learning, Song, Driver, Persona, Index Ventures

WorkBoard raises $75M as the OKR-focused startup bets on a growing economy, changes to business culture

This morning WorkBoard, a software startup that sells software designed to help other companies plan, announced that it has raised a $75 million Series D. Softbank Group led the investment, which saw participation from prior investors including Microsoft’s M12 venture capital arm, a16z, GGV and Workday Ventures. Per the company, three new investors also took part: SVB Capital, Capital OneVentures and Intel Capital. More precisely, a host of strategic and venture investors joined up with SoftBank...
Tags: Fundings & Exits, Startups, TC, Asia, Europe, Microsoft, Softbank, Tech, Federal Reserve, OKR, SoftBank Group, Recent Funding, Intel Capital More, Koan, Gtmhub, Workboard

Sony announces investment and partnership with Discord to bring the chat app to PlayStation

Sony and Discord have announced a partnership that will integrate the latter’s popular gaming-focused chat app with PlayStation’s own built-in social tools. It’s a big move and a fairly surprising one given how recently acquisition talks were in the air — Sony appears to have offered a better deal than Microsoft, taking an undisclosed minority stake in the company ahead of a rumored IPO. The exact nature of the partnership is not expressed in the brief announcement post. The closest we come to h...
Tags: Fundings & Exits, Startups, TC, Gadgets, Gaming, Apps, Microsoft, Funding, Tech, Playstation, Sony, Xbox, Voice Chat, Sony Interactive Entertainment, Discord, PlayStation 5

Path Robotics raises $56M Series B for automated welding

Columbus, Ohio-based firm Path Robotics today announced the completion of a $56 million Series B. The round, led by Addition (featuring Drive Capital, Basis Set and Lemnos Lab) brings the robotic welding company’s total funding to $71 million. Adding another piece to the broader automated manufacturing puzzle, the company is focused on robotic welding. The system uses scanning, computer vision and AI to adjust itself to different parts, understanding that sizing parts is a kind of imperfect scie...
Tags: Startups, Funding, Tech, Addition, Robotics, COLUMBUS Ohio, American Welding Society, Welding, Recent Funding, Path Robotics, Andrew Lonsberry

Gatheround raises millions from Homebrew, Bloomberg and Stripe’s COO to help remote workers connect

Remote work is no longer a new topic, as much of the world has now been doing it for a year or more because of the COVID-19 pandemic. Companies — big and small — have had to react in myriad ways. Many of the initial challenges have focused on workflow, productivity and the like. But one aspect of the whole remote work shift that is not getting as much attention is the culture angle. A 100% remote startup that was tackling the issue way before COVID-19 was even around is now seeing a big sur...
Tags: Fundings & Exits, Startups, Facebook, Microsoft, Obama, Cloud Storage, Funding, Social Media, Startup, Tech, Remote Work, United States, Ireland, SaaS, Computing, Venture Capital

MagicBell raises $1.9M to build a plug-and-play notification platform for product teams

One of the key ingredients in effective product development is receiving timely and relevant notifications about customer use, engagement, potential issues and more. Engineers, developers and product managers rely on that flow of information, but it’s typically delivered either via legacy email tools, or through notification systems built into product management dashboards that devs have to hand-code themselves. MagicBell, a startup that just went through Y Combinator’s most recent Winter cohort...
Tags: Startups, TC, Y Combinator, Spotify, Funding, Startup, Tech, Yc, Seed Funding, Sofia, Mohan, Montano, Cherry Ventures, Algolia, Nicolas Dessaigne, Christian Reber

Botpress nabs $15M Series A to help developers build conversational apps

Botpress, a Montreal-based early stage startup, wants to make it easier for developers to build conversational-based apps, meaning humans interact with the app by speaking instead of typing, clicking or tapping. Today it announced an $15 million Series A from Decibel and Inovia Capital. “We’re trying to bring human-level digital assistance to the masses, and we do that by giving developers the tools they need to build conversational AI applications, so essentially conversational AI. […] It’s a n...
Tags: Startups, TC, Open Source, Developer, Funding, Tech, Artificial Intelligence, Montreal, Jon Sakoda, Developer Tools, Quebec City, Perron, Chat Bots, Decibel, conversational AI, Recent Funding

Opsera raises $15M for its continuous DevOps orchestration platform

Opsera, a startup that’s building an orchestration platform for DevOps teams, today announced that it has raised a $15 million Series A funding round led by Felicis Ventures. New investor HMG Ventures, as well as existing investors Clear Ventures, Trinity Partners and Firebolt Ventures also participated in this round, which brings the company’s total funding to $19.3 million. Founded in January 2020, Opsera lets developers provision their CI/CD tools through a single framework. Using this framew...
Tags: Google, Startups, TC, Uber, Enterprise, Developer, Tech, Software Development, Symantec, Devops, Felicis Ventures, Agile Software Development, CHAN, Wesley Chan, Ranganathan, Clear Ventures

MessageBird acquires SparkPost for $600M using $800M Series C extension

MessageBird, a communications platform out of the Netherlands, had a busy day today with two huge announcements. For starters, the company got an $800 million extension on its $200 million Series C round announced last October. It then applied $600 million of the extension to buy email marketing platform SparkPost. The company’s C round now totals at least $1 billion. Let’s start with the acquisition. MessageBird CEO Robert Vis says his company had an email component prior to the acquisition, bu...
Tags: Fundings & Exits, Startups, TC, Cloud, Asia, Europe, Enterprise, Email, Tech, United States, Today, Netherlands, M&a, Mergers and Acquisitions, Hull, Communications

Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle.   “We are receiving significant inbound for a Series B already,” he said. LatAm firms Valor Capital and Monashees Capital and U.K.-based Balderton Capital co-led the “massively oversubscribed” funding round, which...
Tags: Amazon, Fundings & Exits, Startups, TC, Facebook, Ecommerce, Europe, Balderton Capital, Mexico, Funding, Startup, Tech, Eu, European Union, E-commerce, Paypal

Materials Zone raises $6M for its materials discovery platform

Materials Zone, a Tel Aviv-based startup that uses AI to speed up materials research, today announced that it has raised a $6 million seed funding round led by Insight Partners, with participation from crowdfunding platform OurCrowd. The company’s platform consists of a number of different tools, but at the core is a database that takes in data from scientific instruments, manufacturing facilities, lab equipment, external databases, published articles, Excel sheets and more, and then parses it a...
Tags: Startups, Science, Tel Aviv, Tech, Artificial Intelligence, Machine Learning, Nanotechnology, Science and Technology, Anderson, Ourcrowd, Materials Science, ML, Insight Partners, Recent Funding, Materials Zone, Assaf Anderson

Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B

Greenlight , the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion. The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the latest round, Greenlight has now raised over $550 million. Andreessen Horowitz (a16z) led its Series D, which also included participation from return backers TTV Capital, Cana...
Tags: Apple, Amazon, Fundings & Exits, Startups, TC, Apps, Y Combinator, Microsoft, Finance, Funding, Startup, Tech, Atlanta, Tesla, United States, Venture Capital

Vista Equity takes minority stake in Canada’s Vena with $242M investment

Vena , a Canadian company focused on the Corporate Performance Management ( CPM ) software space , has raised $242 million in Series C funding from Vista Equity Partners. As part of the financing, Vista Equity is taking a minority stake in the company. The round follows $25 million in financing from CIBC Innovation Banking last September, and brings Vena’s total raised since its 2011 inception to over $363 million. Vena declined to provide any financial metrics or the valuation at which...
Tags: Fundings & Exits, Startups, TC, Enterprise, Coca-cola, Finance, Funding, Tech, Banking, Vista, Information Technology, Canada, United Kingdom, Healthcare, M&a, Private Equity

Tellius announces $8M Series A to build ML-fueled business data query tool

Getting actionable business information into the hands of users who need it has always been a challenge. If you have to wait for experts to help you find the answers, chances are you’re going to be too late. Enter Tellius, an early stage startup building a solution to help business users find the information they need when they need it. Today the company announced an $8 million Series A led by Sands Capital Ventures with participation from Grotech. Today’s investment brings the total raised to $...
Tags: Google, Amazon, Startups, TC, Cloud, Enterprise, Funding, Tech, Google Analytics, Artificial Intelligence, Machine Learning, Business Intelligence, Databricks, Khanna, Sands Capital Ventures, Recent Funding

Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

Clio, a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Rowe Price Associates Inc. and OMERS Growth Equity. The round propels the Vancouver, British Columbia-based company to unicorn status, valuing it at $1.6 billion. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. With the latest funding, Clio claims that it’s the “first legal...
Tags: Fundings & Exits, Startups, Cloud, Microsoft, Cloud Computing, Funding, Cars, Los Angeles, Tech, Software, Canada, Ireland, United Kingdom, SaaS, Venture Capital, Vancouver

Weav raises $4.3M to knit together a universal API for commerce platforms

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech infrastructure companies that aim to give fintechs and financial institutions a boost. Specifically, Weav’s embedded technology is designed to give these organizations acc...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Y Combinator, Money, Finance, Funding, Startup, Tech, Banking, E-commerce, Paypal, Venture Capital, Davis, Api

Mighty Networks raises $50M to build a creator economy for the masses

Mighty Networks , a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures. Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan Rosensweig, Reid Hoffman, BBG Ventures and Lucas Venture Group. The investment brings Palo Alto-based Mighty Networks’ total raised since its 2017 in...
Tags: Ios, Android, Ipad, Fundings & Exits, Startups, New York, Youtube, Funding, Startup, Tech, E-commerce, Author, Ning, Palo Alto, Software, SaaS

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