Posts filtered by tags: Fundings & Exits[x]


 

Ankorstore raises $29.9 million for its wholesale marketplace

French startup Ankorstore has raised a $29.9 million Series A round (€25 million) with Index Ventures leading the round. Existing investors GFC, Alven and Aglaé are also participating. Ankorstore is building a wholesale marketplace that connects independent shop owners with brands selling household supplies, maple syrup, headbands, bath salts, stationery items and a lot more. That list alone should remind you of neighborhood stores that sell a ton of cutesy stuff that you don’t necessarily ne...
Tags: Fundings & Exits, Startups, Ecommerce, Europe, Germany, Tech, France Newsletter, Index Ventures, Luxembourg France, Ankorstore, GFC Alven, Pierre Louis Lacoste


Singapore-based mental health app Intellect reaches one million users, closes seed funding

Theodoric Chew, co-founder and chief executive officer of mental health app Intellect Intellect, a Singapore-based startup that wants to lower barriers to mental health care in Asia, says it has reached more than one million users just six months after launching. Google also announced today that the startup’s consumer app, also called Intellect, is one of its picks for best personal growth apps of 2020. The company recently closed an undisclosed seed round led by Insignia Ventures Partners...
Tags: Health, Google, Fundings & Exits, Startups, TC, Apps, Asia, Europe, Southeast Asia, Singapore, India, Tech, Mental Health, United States, Carousell, Singapore Australia


EV bus and truck maker The Lion Electric to take SPAC route to public markets

Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The companies raised $200 million in private investment in public equity, or PIPE, and hold about $320 million in cash proceeds. The deal is the latest example of an ele...
Tags: Amazon, Fundings & Exits, TC, Tech, Automotive, Electric Vehicles, Wisconsin, New York Stock Exchange, Nyse, SPAC, Ian Robertson, Lion Electric Company, Canoo, Nikola Corp, Lion Electric, Northern Genesis Acquisition Corp


Vista acquires Gainsight for $1.1B, adding to its growing enterprise arsenal

Vista Equity Partners hasn’t been shy about scooping up enterprise companies over the years, and today it added to a growing portfolio with its purchase of Gainsight.  The company’s software helps clients with customer success, meaning it helps create a positive customer experience when they interact with your brand, making them more likely to come back and recommend you to others. Sources pegged the price tag at $1.1 billion. As you might expect, both parties are putting a happy face on the dea...
Tags: Fundings & Exits, Startups, TC, Cloud, Enterprise, Marketing, Tech, Customer Experience, Vista, SaaS, M&a, Private Equity, Ping Identity, Exit, Leary, PitchBook


C3.ai’s initial IPO pricing guidance spotlights the public market’s tech appetite

On the heels of news that DoorDash is targeting an initial IPO valuation up to $27 billion, C3.ai also dropped a new S-1 filing detailing a first-draft guess of what the richly valued company might be worth after its debut. C3.ai posted an initial IPO price range of $31 to $34 per share, with the company anticipating a sale of 15.5 million shares at that price. The enterprise-focused artificial intelligence company is also selling $100 million of stock at its IPO price to Spring Creek Capital, a...
Tags: Fundings & Exits, Startups, TC, Enterprise, Microsoft, Tech, PitchBook, Spring Creek, C3.AI, Spring Creek Capital


Salut raises $1.25M for its virtual fitness service

This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures. Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in mid-September, with a wider release coming today. DiPietro thought up the concept behind Salut before the pandemic hit, he said during an interview, but after COVID-19 appe...
Tags: Fundings & Exits, Startups, Apps, Tech, Matthew DiPietro, Peloton, DiPietro, Charles Hudson, Precursor Ventures, Salut, Virtual Group Fitness Instructor V GFI


Equity Monday: HungryPanda raises $70M, trade tensions, and cross-border VC

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out last Thursday’s edtech deep dive from our own Natasha Mascarenhas. ...
Tags: Apple, Fundings & Exits, Startups, UK, Etsy, Australia, China, India, America, Tech, Zappos, Huawei, Equity, Tony Hsieh, Primer, Firstminute Capital


DoorDash aims to add $11 billion to its valuation during public offering

This morning, DoorDash filed a new S-1 document, this time updating the market about the price it expects to command during its public offering. The food-delivery giant gave a range of $75 to $85 per share, which would revalue the company sharply higher than its final private price, set during a June Series H that valued DoorDash at $16 billion. The company intends to sell 33 million shares, raising between $2.475 billion and $2.805 billion in the process. Notably, there are no shares set asi...
Tags: Fundings & Exits, Startups, TC, Uber, Tech, Cnbc, Uber Eats, Exchange, Doordash, The Exchange, HungryPanda


Nikola shares drop as GM pulls plug on investment deal

GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Shares of Nikola plummeted more than 20% in pre-market trading Monday morning. GM has instead signed a non-binding memorandum of understanding to supply Nikola with its Hydrotec fuel cell system. This supplier agreement replaces its previous transaction announcement made on Sept. 8, 2020 to take a 11% stake in...
Tags: Fundings & Exits, Startups, General Motors, Automotive, Gm, Michigan, Pontiac, U S Securities and Exchange Commission, Nikola, Doug Parks GM, Nikola Corp, Hindenburg Research, Stephen Girsky, Shares of Nikola, Hydrotec, Trveor Milton


Primer, the fintech helping merchants consolidate the payments stack, raises £14M Series A

Primer, the U.K. fintech that wants to help merchants consolidate their payments stack and easily support new payment methods in the future, has raised £14 million in Series A funding. The round was led by Accel, who I understand were quite proactive in persuading Primer to take the VC firm’s money. The young company wasn’t actively fund-raising, having quietly raised £3.8 million in funding announced in May. Instead, the team was heads down building out the product and wooing potential custo...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Paypal, Accel, Seedcamp, Braintree, Sonali De Rycker, Primer, Balderton SpeedInvest, Paul Anthony Primer


What to make of Stripe’s possible $100B valuation

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. Welcome to a special Thanksgiving edition of The Exchange. Today we will be brief. But not silent, as there is much to talk about. Up top, The Exchange noodled on the Slack-Salesforce deal here, so please catch up if you missed that while eating pie for breakfast yesterday. And, sadly, I have no idea why Palantir is seeing its value skyrocket. Normal...
Tags: Fundings & Exits, Startups, Startup, Tech, Bloomberg, Paypal, Square, Stripe, Pluto, Palantir, Adyen, Coinbase, Slack, The Exchange, Slack Salesforce, Chris Gates


Bigblue wants to automate e-commerce fulfillment in Europe

Meet Bigblue, a French startup that just raised a $3.6 million seed round (€3 million) to build an end-to-end fulfillment solution in Europe. If you sell products on your own website and across multiple marketplaces, you can use Bigblue to handle everything that happens after a transaction. Bigblue doesn’t try to reinvent the wheel. Instead, it partners with existing logistics companies so that you only have to manage one relationship with Bigblue. It means that Bigblue works with several fulfil...
Tags: Amazon, Fundings & Exits, Startups, Ecommerce, Europe, Tech, DHL, Fulfillment, Bigblue, Samaipata, Chronopost, Benoit Thibaud Elziere, Olivier Bonnet


Equity Dive: Edtech’s 2020 wakeup call

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week, we’re doing a first-ever for the show and taking a deep dive into one specific sector: Edtech. Natasha Mascarenhas has covered education technology since Stanford first closed down classes in the wake of the coronavirus pandemic. In the wake of the historic shuttering of much of the United States’ traditional institutions of education, ...
Tags: Apple, Fundings & Exits, Startups, TC, Stanford, Tech, United States, Equity, Edtech, Cowboy Ventures, Equity podcast, Jomayra Herrera, Edtech Natasha Mascarenhas, Sebastian Thrun Eschaton, Ian Dilick


Insurtech’s big year gets bigger as Metromile looks to go public

In the wake of insurtech unicorn Root’s IPO, it felt safe to say that the big transactions for the insurance technology startup space were done for the year. After all, 2020 had been a big one for the broad category, with insurtech marketplaces raising lots, rental insurance startup Lemonade going public, Root itself debuting even more recently on the back of its automotive insurance business, a big round to help Hippo keep building its homeowners company, and more. The Exchange explores sta...
Tags: Fundings & Exits, Startups, TC, MetroMile, Root, Tech, Exchange, Lemonade, SPAC, Hippo, Insurtech, The Exchange, Lemonade IPO, Metromiles


Slack’s stock climbs on possible Salesforce acquisition

News that Salesforce is interested in buying Slack, the popular workplace chat company, sent shares of the smaller firm sharply higher today. Slack shares are up just under 25% at the moment, according to Yahoo Finance data. Slack is worth $36.95 per share as of the time of writing, valuing it at around $20.8 billion. The well-known former unicorn has been worth as little as $15.10 per share inside the last year, and worth as much as $40.07. Inversely, shares of Salesforce are trading lowe...
Tags: Fundings & Exits, Startups, Apps, Microsoft, San Francisco, Tech, Salesforce, Slack, Yahoo Finance, Mueller, Constellation Research, Holger Mueller


Join us for a live Q&A with Sapphire’s Jai Das on Tuesday at 2 pm ET/11 am PT

Sure, we’re heading into a holiday weekend here in America, but that doesn’t mean that the good ship TechCrunch is going to slow down. We’re diving right back in next week with another installment in season two of Extra Crunch Live, our regular interview series with startup founders, venture capitalists, and other leaders from the technology community. This series is for Extra Crunch members, so if you haven’t signed up you can hop on that train right here. Next week I’m virtually sitting down w...
Tags: Fundings & Exits, Startups, TC, Youtube, America, Tech, Square, Sap, Sapphire, Intel Capital, Sapphire Ventures, Byron Deeter, Bessemer, Mulesoft, Jai Das, Sapphire Ventures Das


Join us for a live Q&A with Sapphire’s Jai Das on Tuesday at 2 pm EST/11 am PST

Sure, we’re heading into a holiday weekend here in America, but that doesn’t mean that the good ship TechCrunch is going to slow down. We’re diving right back in next week with another installment in season two of Extra Crunch Live, our regular interview series with startup founders, venture capitalists and other leaders from the technology community. This series is for Extra Crunch members, so if you haven’t signed up you can hop on that train right here. Next week I’m virtually sitting down wi...
Tags: Fundings & Exits, Startups, TC, Youtube, America, Tech, Square, Sap, Sapphire, Intel Capital, Sapphire Ventures, Byron Deeter, Bessemer, Mulesoft, Jai Das, Sapphire Ventures Das


WeGift, the ‘incentive marketing’ platform, collects $8M in new funding

WeGift, the London-based startup that has built an “incentive marketing” platform that lets businesses easily issue e-gift cards and other digital rewards to customers, has raised $8 million in new funding. Dubbed a Series A extension, the round is led by AlbionVC. Existing investors including Stride.vc, SAP.iO fund and Unilever Ventures also followed on. Following the fundraise, Ed Lascelles, general partner at AlbionVC, is joining the WeGift board. WeGift says it will use the additional capita...
Tags: Fundings & Exits, Startups, TC, Europe, New York, London, Tech, Nike, Sap, Alexander, Sodexo, Ed Lascelles, Unilever Ventures, WeGift, Aron Alexander WeGift, Vodafone Samsung Vouchercodes Perkbox


New venture firm The-Wolfpack takes a fresh approach to D2C startups

The-Wolfpack’s co-founders, Toh Jin Wei, Tan Kok Chin and Simon Nichols (Image Credit: The-Wolfpack) The COVID-19 pandemic has hit the consumer, leisure and media companies hard, but a new venture firm called The-Wolfpack is still very upbeat on those sectors. Based in Singapore, the firm was founded by former managing directors at GroupM, one of the world’s largest advertising and media companies, and plans to work very closely with each of its portfolio companies. Its name was chosen becaus...
Tags: Fundings & Exits, Startups, TC, Asia, Media, Indonesia, Southeast Asia, Singapore, Tech, Leisure, Thailand, Venture Capital, Groupm, Nichols, Wolfpack, D2C


Working to understand C3.ai’s growth story

The end-of-year IPO wave continues, this time with C3.ai moving closer to its own formal debut by updating its S-1 filing with third-quarter data. The new data provides the market with a much better look into how the unicorn AI company’s business has progressed during the COVID-19 era, and should help public investors price the company’s equity as it looks to float. TechCrunch previously explored C3.ai’s performance through the its July 31 quarter. Today we received information about its subsequ...
Tags: Fundings & Exits, Startups, TC, Tech, C3.AI, EC AI


Pay-per-mile auto insurer Metromile is heading to public markets via SPAC

Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The company, which was founded in 2011 and is led by CEO Dan Preston, said it has reached a merger agreement with special purpose acquisition company INSU Acquisition Corp. II, with an equity valuation of $1.3 billion. Metromile said it was able to raise $160 million in private investment in public equity...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, Mark Cuban, Nasdaq, Chamath Palihapitiya, Buffett, Social + Capital, SPAC, GEICO, Dan Preston, Palihapitiya, Clearbridge, Metromile Inc


Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom

Dija, a new U.K. based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. According to multiple sources, the round, which has yet to close, is being led by Blossom Capital, the early stage venture capital firm founded by ex-Index and LocalGlobe VC Ophelia Brown. It’s not clear who else is in the running, although I understand it was highly contested and the startup had offers from several top tier funds. Blossom Capital and Dija de...
Tags: Fundings & Exits, Startups, TC, Europe, Softbank, Tech, Italy, Morgan Stanley, Instacart, Saban, Accel, Deliveroo, Blossom Capital, DIJA, Alberto Menolascina, Yusuf Saban


As edtech grows cash rich, some lessons for early stage

Last week, Udemy, an online learning marketplace, raised $50 million at a $3.32 billion valuation, up from a $2 billion valuation earlier this year. Language learning app Duolingo raised $35 million on a $2.4 billion valuation, up from a $1.65 valuation from earlier this year. The valuation bumps for both Duolingo and Udemy underscore just how much investor confidence there is in edtech’s remote learning boom. Today, let’s examine some lessons early-stage startups can learn from late-stage edtec...
Tags: Fundings & Exits, TC, Education, Tech, Edtech, Duolingo, Udemy, Luis Von Ahn, Corporate Learning, Re-skilling


F3, a Stories-style Q&A app for Gen Z teens, raises $3.9M

F3, an anonymous Q&A app targeting Gen Z teens which blends a Tinder-style swipe-to-friend gamification mechanic, Stories-esque rich media responses and eye-wateringly expensive subscriptions to unlock a ‘Plus’ version that actually lets you see who wants to friend you — has raised a $3.9M seed round, including for a planned push on the US market. The Latvian team behind F3 are not new to the viral teen app game having founded the anonymous teen Q&A app Ask.fm — which faced huge controversy back...
Tags: Social, Fundings & Exits, Apps, Europe, US, Tech, IAC, Social Apps, Don, Alex Hofmann, Generation Z, F3, Mail ru Group, Snapchat TikTok, Q&A app, Marat Kichikov


3 new $100M ARR club members and a call for the next generation of growth-stage startups

Time flies. It was nearly a year ago that The Exchange started keeping tabs on startups that managed to reach $100 million in annual recurring revenue, or ARR. Our goal was to determine which unicorns were more than paper horses so we could keep tabs on upcoming IPO targets. We found that Bill.com, Asana, WalkMe and Druva were impressively large and growing nicely. Since then two of the four companies from that post have gone public. GitLab, Egnyte, Braze and O’Reilly Media joined the club be...
Tags: Fundings & Exits, Startups, TC, Tech, Bill, Exchange, Udemy, Siteminder, O'Reilly, ARR, Druva, Usertesting, The Exchange, Zeta Global, Diligent, MetroMile Tricentis Kaltura


Altana raises $7M to protect supply chains from disruptions, child labor

Supply chains used to be one of those magical elements of capitalism that seemed to be designed by Apple: they just worked. Minus the occasional salmonella outbreak in your vegetable aisle, we could go about our daily consumer lives never really questioning how our fast-fashion clothes, tech gadgets, and medical supplies actually got to our shelves or homes. Of course, a lot has changed over the past few years. Anti-globalization sentiment has grown as a political force, driving governments like...
Tags: Apple, Fundings & Exits, Startups, New York, London, Funding, Tech, United States, United Kingdom, Logistics, Smith, Oracle, Sap, Battery Ventures, Trump, U S Customs


Industrial drone maker Percepto raises $45M and integrates with Boston Dynamics’ Spot

Consumer drones have over the years struggled with an image of being no more than expensive and delicate toys. But applications in industrial, military and enterprise scenarios have shown that there is indeed a market for unmanned aerial vehicles, and today, a startup that makes drones for some of those latter purposes is announcing a large round of funding and a partnership that provides a picture of how the drone industry will look in years to come. Percepto, which makes drones — both the hard...
Tags: Apple, Google, Amazon, Fundings & Exits, Verizon, Enterprise, Softbank, Funding, Israel, Tech, Artificial Intelligence, Nvidia, Robotics, Hyundai, Boston Dynamics, Koch Industries


YC-backed Cashfree raises $35.3 million for its payments platform

Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering. The Bangalore-based startup’s Series B was led by London-headquartered private equity firm Apis Partners (which invested through its Growth Fund II), with participation from existing investors Y Combinator and Smilegate Investments. The new round brings the startup’s to-date raise to $42 million. ...
Tags: Travel, Amazon, Fundings & Exits, Startups, Apps, Y Combinator, Asia, London, Finance, India, Funding, Paypal, Payments, Zomato, Shopify, Bangalore


Relativity Space raises $500 million as its sets sights on the industrialization of Mars

3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalist and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first ever fu...
Tags: Fundings & Exits, TC, Space, Science, Articles, Tech, Ceo, Nasa, Earth, Industrial Design, United States, 3d Printing, Long Beach, Printer, Relativity, Mars


Relativity Space raises $500 million as it sets sights on the industrialization of Mars

3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors, including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalyst and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first-ever f...
Tags: Fundings & Exits, TC, Space, Science, Tech, Nasa, Earth, Industrial Design, United States, 3d Printing, Long Beach, Relativity, Mars, Lockheed Martin, Robotics, Aerospace