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Opendoor files to raise another $200M at a $3.7B valuation, documents show

The housing market is predicted to cool this year, but the market for startups selling houses? It seems to be heating up. Opendoor, the company that aims to bypass real estate agents and brokers by providing an online platform — by way of a mobile app — for people to buy and sell properties direct, has filed papers in Delaware indicating that it would like to raise around $200 million more, at a valuation of about $3.7 billion. The raise comes just one month after Knock, an Opendoor competitor, ...
Tags: TC, Real Estate, Softbank, Tech, Delaware, Wu, PitchBook, Keith Rabois, Rabois, Opendoor, Eric Wu Opendoor, Wu Ian Wong Justin Ross


Urban unicorn renewal

Three cities, three dead urban unicorn renewal projects. In just the past few days, we’ve had Foxconn renege on Wisconsin, Amazon renege on NYC, and . Each followed the Anna Karenina principle that every unhappy economic development deal is unhappy in its own way: for Foxconn, it was trade tariffs and slowing iPhone sales; for Amazon, it was populist protests plus the usual NYC corruption; for GE, it was the reality of looking at a mirror and finding that you’re staring at a dumpster fire. Yet,...
Tags: Amazon, New York, Ge, Minnesota, Government, China, Boston, India, Softbank, Tech, Policy, Wisconsin, SEC, Silicon Valley, EC, Flickr


Kleiner’s Mamoon Hamid thinks we could be in a 15-year-long bull market (and other insights from the firm)

Late last month, the venture firm Kleiner Perkins began an official reboot, with a new, $600 million fund, as well as some new faces blazing the trail for the outfit going forward, including Mamoon Hamid and Ilya Fushman, investors who joined Kleiner from Social Capital and Index Ventures, respectively. Their roles at the 47-year-old firm are being watched closely. Kleiner was long considered part of a very small circle of top venture funds, but a series of missteps in recent years had yanked it...
Tags: TC, Steve Jobs, Softbank, San Francisco, Tech, Annie, Mary Meeker, Kleiner Perkins, beth Seidenberg, Intercom, Index Ventures, Kleiner, Mary, Monica, FRANKFURT Germany, Wen


E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain

If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia’s fashion supply chain. This new round takes Zilingo to $308 million from investors since its 2015 launch. The Series D is provided by existing investors Sequoia India, Singapore sovereign fund Temasek, Germany’s Burda and Sofina, a European backer of Flipka...
Tags: Amazon, Fundings & Exits, TC, Ecommerce, Asia, Europe, Instagram, Indonesia, Australia, Southeast Asia, Singapore, Softbank, Funding, Supply Chain, Tech, E-commerce


Daily Crunch: SoftBank bets big on autonomous delivery

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. SoftBank’s next bet: $940M into autonomous delivery startup Nuro Nuro has raised $940 million in financing from the SoftBank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. The autonomous ...
Tags: Apple, Amazon, Spotify, Saudi Arabia, Softbank, Tech, Getty Images, Netflix, Automotive, Va, Health Records, Jeff Bezos, Sunday Times, Equity, Instacart, Mobile World Congress


Driverless delivery startup Nuro gets $940 million SoftBank investment: Reuters

Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion. Nuro was co-founded in 2016 by two former engineers of Google’s self-driving car project, Dave Ferguson and Jiajun Zhu. The funding by SoftBank came through its $100-billion Vision Fund, which usually picks up big stakes in fast-growing technology companies. Last year, Nuro launched a self-driving delivery vehicle to run errands from pi...
Tags: Google, Softbank, Trends, Silicon Valley, Greylock Partners, San Francisco Bay Area, Kroger, Reuters, SoftBank Group Corp, Dave Ferguson, VC Deals, Nuro, Jiajun Zhu, Gaorong Capital


Softbank’s next bet: $940M into autonomous delivery startup Nuro

Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital. “We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible ...
Tags: Transportation, Softbank, Tech, Automotive, Arizona, Toyota, Self-driving Cars, Robotics, Greylock Partners, Kroger, Phoenix, Starship Technologies, Ike, Dave Ferguson, SoftBank Vision Fund, SoftBank Investment Advisers


OakNorth raises $440 million from SoftBank and Clermont

British startup OakNorth has raised a $440 million funding round from SoftBank’s Vision Fund as well as the Clermont Group. The company is creating a digital bank and focuses on loans for small and medium enterprises and the technology behind those loans. Today’s funding round is the biggest funding round in a European fintech company. OakNorth has raised $848 million in primary funding since its creation. With this funding round, the company plans to double down on what it already does. The ...
Tags: Fundings & Exits, Europe, Finance, Softbank, Funding, Tech, Fintech, Clermont, OakNorth, Clermont Group, OakNorth Analytical Intelligence, Asia While OakNorth, OakNorth OakNorth


WeWork just made its first acquisition of 2019, snapping up a visitor identity and behavior company

WeWork is diving more aggressively into software sales. Just six months after spending $100 million in cash on Teem, a Salt Lake City-based office management startup, the company has acquired Euclid, a data platform that tracks the identity and behavior of people in the physical world. WeWork isn’t saying what it’s paying for the nine-year-old, Bay Area-based company, which raised $43.6 million over the years and whose brand will be put to rest. But the deal is clearly an effort to move WeWork f...
Tags: Google, TC, Facebook, New York, Microsoft, Saudi Arabia, Softbank, San Francisco, Tech, Chelsea, Salt Lake City, WeWork, Abu Dhabi, Bay Area, Shiva Rajaraman, Adam Neumann


Softbank Dumps its Entire NVIDIA Stock Holding

Earlier this morning they shocked Silicon Valley by announcing the sale of its entire NVIDIA shareholding, valued on December 31 at JYP 39.8 billion, or $3.6 billion in the US. The post Softbank Dumps its Entire NVIDIA Stock Holding appeared first on ThinkComputers.org.
Tags: Softbank, US, Shares, All News, Hardware News, Web News, Nvidia, Silicon Valley, Stock, Softbank Dumps


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Apple CEO Tim Cook explained why Deirdre O'Brien is the right person to take over from Angela Ahrendts in leading the firm's retail stores. In an internal email obtained by Business Insider, Cook said: "Deirdre was part of the team that planned and launched Apple's very first online and retail stores." Facebook insiders are cautiously optimistic about changes to employee bonuses. Sources said it has the potential to produce goo...
Tags: Apple, Facebook, Mark Zuckerberg, Cook, Microsoft, Washington Post, Softbank, US, Trends, Facebook Messenger, Tim Cook, Jeff Bezos, National Enquirer, Alexa, Bezos, Enquirer


Japanese mega investor SoftBank has used up half of its $100 billion Vision Fund — and it could run out of cash by 2020 (SFTBY, NVDA)

SoftBank provided an update on its Vision Fund investments in new regulatory filings. The $97 billion fund has invested $45.5 billion to date. As of December 31, the fund had stakes in 49 companies. SoftBank, the Japanese tech company buying stakes in Silicon Valley unicorns at eye-popping valuations, has spent half of its $100 billion investment fund in just two years, according to company filings. Out of $97 billion in capital committed by the company and third-party investors, just $49 bil...
Tags: Apple, Softbank, Trends, Walmart, Xiaomi, Nvidia, SEC, Silicon Valley, Wall Street Journal, Flipkart, Reuters SoftBank, Flipkart SoftBank, VisionFund, DoorDash Uber WeWork, Nvidia SoftBank


Snap's former chief strategy officer, Imran Khan, makes a key hire for his online-shopping startup

Snap's former chief strategy officer, Imran Khan, is adding to the team behind his new, unlaunched e-commerce startup. The startup has hired the talent agent Paul Cazers as its vice president of strategic partnerships, Business Insider has learned. It has also roped in Mark Schwartz, Goldman Sachs' former Asia-Pacific chairman and a WeWork board member, to be on its board. Snap's former chief strategy officer, Imran Khan, is bolstering the team behind his e-commerce startup. The unnamed start...
Tags: Google, Amazon, Hollywood, Softbank, Los Angeles, Trends, Asia Pacific, Imran Khan, Khan, Lightspeed Venture Partners, Creative Artists Agency, Morris Yorn, Paul Cazers, Cazers, Jason Bosco Dollar Shave Club, JPMorgan and Credit Suisse


Former Snap chief strategy officer Imran Khan makes a key hire for his online shopping startup

Former Snap chief strategy officer Imran Khan is adding to the team behind his new, yet-to-be launched e-commerce startup. The startup has hired talent agent Paul Cazers as its VP of strategic partnerships, Business Insider has learned. It has also roped in former Goldman Sachs Asia-Pacific chairman and WeWork board member Mark Schwartz to be on its board. Former Snap chief strategy officer Imran Khan is bolstering the team behind his e-commerce startup. The still-unnamed startup, which hasn'...
Tags: Google, Amazon, Hollywood, Softbank, Los Angeles, Trends, Imran Khan, Caa, WeWork, Khan, Lightspeed Venture Partners, Wilmington Delaware, Mark Schwartz, Creative Artists Agency CAA, Morris Yorn, Paul Cazers


Workplace messaging platform Slack has confidentially filed to go public

Slack, the provider of workplace communication and collaboration tools, has submitted paperwork with the Securities and Exchange Commission to go public later this year, the company announced on Monday. This is its first concrete step toward becoming a publicly-listed company, five years after it launched. Headquartered in San Francisco, Slack has raised more than $1 billion in venture capital investment, including a $427 million funding round in August. The round valued the business at $7.1 bil...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, Spotify, Enterprise, Softbank, Tech, Atlantic, Venture Capital, IVP, General Atlantic, Slack, Dragoneer Investment Group, Accel


Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC

I spent the week in Malibu attending Upfront Ventures’ annual Upfront Summit, which brings together the likes of Hollywood, Silicon Valley and Washington, DC’s elite for a two-day networking session of sorts. Cameron Diaz was there for some reason, and Natalie Portman made an appearance. Stacey Abrams had a powerful Q&A session with Lisa Borders, the president and CEO of Time’s Up. Of course, Gwyneth Paltrow was there to talk up Goop, her venture-funded commerce and content engine. “I had ...
Tags: Startups, Y Combinator, Pinterest, Entertainment, La, Softbank, Funding, Africa, Time, Tech, Washington Dc, Munchery, Joseph Gordon Levitt, Cameron Diaz, Venture Capital, Brazil


Sources: Clutter is raising $200-250M led by SoftBank for on-demand storage and moving

Marie Kondo’s rise as a cultural icon shows there’s big business to be had in sorting out a mess. And startups are also hoping to get in on the action. TechCrunch has learned that Clutter, a storage-on-demand service that packs up, takes away, stores and returns your possessions at the click of an app, is raising between $200 million and $250 million in funding. Sources tell us that term sheets are out but have yet to be finalised while investors go through due diligence, and that currently the ...
Tags: TC, Ecommerce, Storage, Collaborative Consumption, Softbank, Tech, Chicago, Moving, Clutter, Omni, Marie Kondo, Ari Mir, SoftBank Clutter, Atomico GV Sequoia and Fifth Wall Pitchbook, Bay Area Southern California Seattle New York, Public Storage U Haul


Grab raises $200M from Thailand-based retail conglomerate Central Group

Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has operations in markets that include Vietnam and Indonesia. Its public-listed holding companies alone are worth more than $15 billion. Singapore-based Grab confirmed that this deal is not part of its ongoing Series...
Tags: Fundings & Exits, Asia, Microsoft, Indonesia, Southeast Asia, Singapore, Softbank, Funding, Tech, E-commerce, Software, Thailand, Philippines, Transport, JD.com, Toyota


Wellness startup Hims enters the unicorn club with $100M investment

Hims, known by many for its phallic New York subway advertisements, has raised an additional $100 million in venture capital funding on a pre-money valuation of $1 billion. The round was first reported by Recode and confirmed to TechCrunch by sources with knowledge of the deal. A growth-stage investor has led the round, which is ongoing, with participation from existing investors. Our source declined to name the lead investor but did say it was a “super big fund” that isn’t SoftBank and th...
Tags: Health, Startups, TC, New York, Softbank, Funding, San Francisco, Tech, Venture Capital, Fda, IVP, Forerunner Ventures, Founders Fund, Hims


Healthcare Technology Bubble Concerns Are Likely Overblown

By nearly every measure, 2018 was a banner year for the venture capital industry, particularly in the healthcare technology sector.Over $130 billion of venture capital was invested across all sectors in the U.S., easily eclipsing the prior high-water mark in 2000 and nearly 4.8 times what was invested a decade ago.While certain sectors may now be demonstrating bubble-like tendencies, the data also reflect the activity of SoftBank’s ~$100 billion Vision Fund and other late start cross-over invest...
Tags: Amazon, Startups, Boston, Softbank, Trends, Tech, Debt, Vc, Software, Bitcoin, Healthcare, Treasury, Cryptocurrencies, Cleantech, Bubble, Cryptocurrency


Startups Weekly: Is Munchery the Fyre Festival of startups?

It was a tough week. Journalists around the U.S. were hit hard by layoffs, from HuffPost to BuzzFeed News to Verizon Media Group, which owns this very site. The government entered day 35 of the shutdown before President Donald Trump agreed to a short-term deal to reopen it for three weeks. And in the startup world, a once high-flying, venture-subsidized food delivery startup crashed and burned, leaving a cluster of small businesses in its wreckage. Some good things happened too — we’ll get to...
Tags: Google, Startups, TC, Spotify, Yahoo, Buzzfeed, Abc, Indonesia, Southeast Asia, Softbank, Los Angeles, San Francisco, Tech, Zynga, Munchery, Venture Capital


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Apple laid off 200 people from its secretive self-driving car unit Project Titan. CNBC reported that the layoffs were billed internally as a restructure after two executives joined Titan late last year. Google quietly urged the US government to narrow legal protections for workers organising online, Bloomberg reported. Current rules allow employees to use their workplace email to circulate petitions or have discussions about for...
Tags: Google, Facebook, Mark Zuckerberg, Beyonce, Buzzfeed, China, Softbank, US, Trends, Bloomberg, Netflix, Alibaba, Huffington Post, Journal, Cnbc, Alexa


Airbnb acquires Danish startup used to book meeting spaces for just a couple hours or days

Airbnb has acquired Gaest.com, a Danish platform for renting meeting spaces for short periods of time, the company announced. The acquisition marks Airbnb's first big move into office spaces, where it will compete with heavy-weights like the $47 billion WeWork. Gaest.com will remain a separate app for the time being. Airbnb has acquired Gaest.com, an online marketplace for renting out meeting spaces for just hours at a time, the company announced Friday. Gaest was founded in Denmark in 2015 b...
Tags: Google, Lyft, Softbank, Trends, David, Denmark, Airbnb, Lyft Airbnb, Gaest, Anders Mogensen


San Diego’s DeskHub Snapped Up by Co-Working Company Cross Campus

Cross Campus, a shared office-space provider with five locations in the Los Angeles, CA, region, has snapped up DeskHub in the latest step in a plan to expand its West Coast presence.DeskHub, one of San Diego’s oldest co-working companies, has about 500 members across two locations: a 23,000-square-foot space in Little Italy and about 15,000 square feet of space in Scottsdale, AZ. Cross Campus has a total of about 185,000 square feet across the Los Angeles area and about 2,500 members.BisNow fi...
Tags: Startups, Softbank, Los Angeles, Trends, Tech, San Diego, M&a, WeWork, West Coast, Acquisition, Co-working, Los Angeles CA, Little Italy, Bisnow, National blog main, Xperience


Blue Prism to issue $130M in stock to raise new funds

Just this morning robotic process automation (RPA) firm, Blue Prism, announced enhancements to its platform. A little later the company, which went public on the London Stock Exchange in 2016, announced it was raising £100 million (approximately $130 million) by issuing new stock. The announcement comes after reporting significant losses in its most recent fiscal year, which ended in October. The company indicated that it plans to sell the new shares on the public market, and that they will be m...
Tags: Enterprise, Finance, Softbank, Funding, Tech, London Stock Exchange, RPA, Bathgate, Alastair Bathgate, Blue Prism, Robotic Process Automation, San Jose RPA


Go-Jek makes first close of $2 billion round at $9.5 billion valuation

Southeast Asia-based ride-sharing firm Go-Jek is making progress with its plan to raise up to $2 billion in fresh capital to fund its battle with close rival Grab . Indonesia-headquartered Go-Jek has closed an initial chunk of that round after a collection of existing investors, including Google, Tencent and JD.com, agreed to invest around $920 million towards it, three sources with knowledge of the investment told TechCrunch. The deal, which we understand could be announced as soon as next...
Tags: Google, Fundings & Exits, TC, Uber, Asia, Indonesia, China, Southeast Asia, Singapore, Collaborative Consumption, India, Softbank, Funding, Tech, Companies, Thailand


Blue Prism looks to partners to expand robotic process automation with AI

Blue Prism helped coin the term robotic process automation (RPA) when the company was founded back in 2001 to help companies understand the notion of automating mundane business processes. Today, it’s releasing updates to that platform including an updated marketplace for exchanging connectors to extend the main product, and in some cases, adding a layer of intelligence. The product at its core has allowed non-technical users to automate a business process by simply dragging components into an i...
Tags: TC, Enterprise, Softbank, Tech, Artificial Intelligence, Exchange, Moss, RPA, Amazon Google IBM, Robotic Process Automation, Blue Prism Digital Exchange, San Jose RPA


DoorDash poaches Uber Eats engineering boss

One way to gain ground on a competitor is to poach their best executives. We’ve seen it time and time again, from high-level Tesla employees fleeing for Lyft or Apple stealing Google’s AI talent. DoorDash, a well-funded food delivery unicorn, is familiar with this method of staffing. The company announced this morning that it has poached its second Uber employee in the last year to join its growing business. Ryan Sokol, credited with leading and scaling Uber Eats, Uber’s food delivery a...
Tags: Apple, Google, Food, Startups, Lyft, Uber, Softbank, San Francisco, Tech, Tesla, Pandora, Venture Capital, DST Global, Khosla Ventures, Kleiner Perkins, Doordash


Following a record year, Illinois startups kick off 2019 on a strong foot

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Global VC market sees highest-ever concentration of supergiant dollar volume in Q4 2018 SoftBank’s Vision Fund inches closer to $100B Illinois’s startup market in 2018 was very strong, and it’s not slowing down as we settle into 2019. There’s already almost $100 million in new VC funding announced,...
Tags: Startups, TC, Column, Boston, Softbank, Tech, Walmart, Chicago, Venture Capital, SEC, Lincoln, North America, Illinois, Crunchbase, Bringg, Bay Area


Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is valued at $1 billion — it became Indonesia’s fourth unicorn one year ago. The country, which is Southeast Asia’s largest economy and has a popu...
Tags: Fundings & Exits, Ecommerce, Asia, Indonesia, Southeast Asia, Softbank, Funding, Insurance, Tech, E-commerce, Economy, Alibaba, Alibaba Group, Ant Financial, Sequoia, Online Marketplaces



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