Posts filtered by tags: Fundings & Exits[x]


 

Jeremy Conrad left his own VC firm to start a company, and investors like what he’s building

When this editor first met Jeremy Conrad, it was in 2014, at the 8,000-square-foot former fish factory that was home to Lemnos, a hardware-focused venture firm that Conrad had cofounded three years earlier. Conrad —  who as a mechanical engineering undergrad at MIT worked on self driving cars, drones and satellites — was still excited about investing in hardware startups, having just closed a small new fund even while hardware was very unfashionable and remains challenging. One investment his te...
Tags: Fundings & Exits, TC, Real Estate, California, Germany, New York City, San Francisco, Tech, Mit, SaaS, Robotics, Felicis Ventures, Airware, SUNNYVALE, Bloomberg Beta, Quartz


Cisco to acquire internet monitoring solution ThousandEyes

When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution ThousandEyes. Cisco would not comment on the price when asked by TechCrunch, but published reports from CNBC and others pegged the deal at around...
Tags: Fundings & Exits, Startups, TC, Enterprise, Ipo, Tech, Cisco, M&a, Mergers and Acquisitions, Cnbc, TechCrunch, Exit, Appdynamics, Nightingale, ThousandEyes, Synergy Research


Join GGV’s Hans Tung and Jeff Richards for a live Q&A: June 4 at 3:30 pm EDT/12:30 pm PDT

What does a global mindset look like in a world where most of us no longer travel? And what does it mean to be local when everyone is connected? Those are the first questions we had in mind when we read GGV Capital’s Twitter bio, which asserts that the investing shop with offices in five cities is a “global venture capital firm that invests in local founders.” Certainly, some of its investments are far from home, including Khatabook (based in Bangalore), Keep (Beijing), Coder, (Austin) and Slice...
Tags: Fundings & Exits, Startups, TC, Asia, China, Events, Tech, Latin America, Richards, Tung, Hans Tung, Jeff Richards, GGV, Extra Crunch, Khatabook, Extra Crunch Live


BeeHero smartens up hives to provide ‘pollination as a service’ with $4M seed round

Vast monoculture farms outstripped the ability of bee populations to pollinate them naturally long ago, but the techniques that have arisen to fill that gap are neither precise nor modern. Israeli startup BeeHero aims to change that by treating hives both as living things and IoT devices, tracking health and pollination progress practically in real time. It just raised a $4 million seed round that should help expand its operations into U.S. agriculture. Honeybees are used around the world to pol...
Tags: Fundings & Exits, Startups, TC, Gadgets, Hardware, California, Funding, Tech, Bees, Agriculture, South America, GreenTech, Colony, Apiculture, Recent Funding, Davidi


Storage marketplace Warehouse Exchange raises $2.2M

Warehouse Exchange, a startup that describes itself as the Airbnb of warehouse space, has raised $2.2 million in seed funding. The company was founded Jonathan Rosenthal (CEO of Saybrook Management) and Dan Pimentel (previously CFO/COO of startup Hub TV). They recently brought on former eHarmony CEO Grant Langston as the Warehouse Exchange’s chief executive. Langston admitted that his new job might sound pretty different from running an online dating company, but he said that in both cases, it’s...
Tags: Fundings & Exits, Startups, Ecommerce, Funding, Tech, Grant Langston, Langston, Dan Pimentel, Warehouse Exchange, Jonathan Rosenthal, Saybrook Management, Warehouse Exchange Langston, Xebec Realty Langston


Existing backers put another £40M into UK challenger bank Starling

Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised an additional £40 million in funding, TechCrunch has learned. The round is led by existing backers, Harry McPike’s JTC and Merian Chrysalis Investment Company Limited, and adds to the £60 million raised in February this year. Now boasting 1.4 million accounts, including 155,000 business accounts, Starling Bank has raised a total of £363 million since its launch in 2014. Noteworthy, I’m told that it...
Tags: Fundings & Exits, TC, Europe, UK, Tech, Starling, JTC, Starling Bank, Anne Boden, Harry McPike, Merian Chrysalis Investment Company Limited, Starling Bank the U K, CBIL, Innovation Fund CIF


Truthset raises $4.75M to help marketers score their data

Data, the cliche goes, is the new oil of the digital economy. But Truth{set} co-founder and CEO Scott McKinley wants to know: “Why does no one care about the quality of that fuel?” That’s an issue McKinley saw in his seven years as an executive at Nielsen, where he said he realized that most marketing data products are “all built on massive error.” As evidence, he pointed to recent studies showing that bad data leads marketers to waste 21 cents of every dollar, and that in many cases, consumer d...
Tags: Fundings & Exits, Startups, TC, Advertising Tech, Funding, Tech, Nielsen, McKinley, Krux, Superset, Truthset, Scott McKinley, WTI Ulu Ventures, Facebook LiveRamp


Cookware startup Caraway raises $5.3M as it eyes new product categories

Caraway, a direct-to-consumer startup selling ceramic pots and pans, is announcing that it has raised $5.3 million in seed funding. Founder and CEO Jordan Nathan (previously a brand manager at e-commerce holding company Mohawk Group) told me that he became interested in cookware after burning a Teflon pan and learned more about the dangers of Teflon poisoning. In fact, although nonstick materials like Teflon are used most of the cookware sold in the United States, it turns out that that there ar...
Tags: Travel, Fundings & Exits, Startups, TC, Ecommerce, Instagram, Funding, United States, 3m, Dunn, Nathan, Le Creuset, Nik Sharma, Henry Davis, Jordan Nathan, Caraway


Video news startup Stringr raises $5.75M from Thomson Reuters and others

Stringr, a video-focused startup that says it can help news organizations adapt to the challenges of COVID-19, is announcing that it’s raised $5.75 million in new funding. When I wrote about the the company at the end of 2015, it was creating a marketplace that connected news organizations with videographers who could provide them with news footage. Since then, co-founder and CEO Lindsay Stewart (a former TV news producer herself) told me the network has grown to more than 100,000 videographers....
Tags: Fundings & Exits, Startups, Europe, Media, Funding, Tech, United States, United Kingdom, MGM, Thomson Reuters, Reuters, Stewart, Stringr, Lindsay Stewart, COVID, Embed Studios


Meniga, the digital banking tech provider, raises €8.5M led by French bank Groupe BPCE

Meniga, the London-headquartered fintech that provides digital banking technology to some of the world’s largest banks, has closed a €8.5 million in additional funding. Described primarily as a “strategic investment,” the round is led by Groupe BPCE, the second-largest banking group in France, alongside Portugal’s Grupo Crédito Agrícola and long-standing strategic partner UniCredit. All three are customers of Meniga. The funding will be used for continued investment in Meniga’s R&D activities, a...
Tags: Fundings & Exits, Startups, TC, Europe, London, France, Singapore, Barcelona, Portugal, Warsaw, UniCredit, Georg Ludviksson, Meniga, Groupe BPCE, Grupo Crédito Agrícola, Velocity Capital Industrifonden


Otrium raises $26 million to sell end-of-season fashion items

Otrium has raised a $26 million Series B funding round (€24 million) with Eight Roads Ventures leading the round. Existing investors Index Ventures and Hans Veldhuizen also participated. Otrium works with clothing brands to help them sell items when they reach the end-of-season status. Due to fast fashion, you have to regularly clear some space in your stores and recover inventory from third-party stores to release new items. But end-of-season sales aren’t enough. Brands end up with a lot of inv...
Tags: Fundings & Exits, Startups, Ecommerce, Europe, Germany, Tech, Eight Roads Ventures, Index Ventures, Netherlands France, Otrium, Hans Veldhuizen


Babylon Health leads a $30M Series B in US health kiosk operator, Higi

UK-based AI chatbot Babylon Health — which last year raised $550M at a $2BN+ valuation — has led a $30M Series B in US-based Higi, which owns and operates 10,000+ FDA-cleared health kiosks. Higi, which was founded back in 2012 per Crunchbase, has built out a nationwide network of “health stations” located at retail locations such as groceries and pharmacies within 5 miles of 73% of the US population, where users can check their blood pressure, pulse, weight and BMI for free. It also offers ap...
Tags: Health, Fundings & Exits, Europe, UK, Hardware, Obesity, California, US, Tech, Artificial Intelligence, Diabetes, Hypertension, United States, Missouri, Healthcare Industry, Fda


LeverEdge wants to get you and your friends a volume discount on student loans

Student loans are both a trillion-dollar debt category and also one of the most popular mini-verticals out there in fintech startup investing right now. There are dozens if not hundreds of companies in the space, and they all mostly do one of two things: either they help students think through their student loan options before choosing one (acting as a financial advisor to avoid mistakes) or they help students after they finish school figure out how to optimize their repayments or acquire loan f...
Tags: Fundings & Exits, Startups, Facebook, Finance, Funding, Tech, Debt, Earnest, Harvard, Student Loans, SoFi, Global Founders Capital, Agarwal, HBS, Harvard Business School, NFX


Voi hires former Bird UK chief to bring e-scooters to British streets

With the U.K. government set to accelerate trials of e-scooter rentals in a bid to reduce crowding on public transport and support social distancing during the coronavirus crisis, Europe’s e-scooter companies are gearing up to be ready. The latest move sees Sweden-headquartered Voi Technology recruit Richard Corbett to head up its U.K., Ireland and Benelux operations. Corbett joins from rival Bird, where he spent two years as the U.S. company’s U.K. and Ireland chief, as well as helping to laun...
Tags: Fundings & Exits, Startups, TC, Europe, UK, London, Sweden, France, Germany, Tech, Ireland, Netherlands, Denmark, East London, U K, Corbett


Aircall raises $65 million for its cloud-based phone system

Aircall has raised a $65 million Series C round (€60.2 million) with DTCP leading the round, Adam Street participating and existing investors eFounders, Draper Esprit, Balderton and NextWorld injecting more money in the company. Overall, Aircall has raised $106 million. Aircall is building a software-as-a-service company around phone calls. You could use it to operate a call center and handle support requests or to improve the workflow of your sales team, for instance. “We raised two years ago a...
Tags: Fundings & Exits, Startups, Europe, France, France Newsletter, Aircall, Zendesk, Gong, Anguelov, Draper Esprit Balderton, Overall Aircall, Jonathan Anguelov, U S now Aircall, ARR Aircall


Indonesian startup Delman raises $1.6 million to help companies clean up data

Delman, a Jakarta-based data management startup, has raised $1.6 million in seed funding. The round was led by Intudo Ventures, with participation from Prasetia Dwidharma Ventures and Qlue Performa Indonesia, and will be used to establish a research and development center and hire software engineers and data scientists. Delman was founded in 2018 by chief executive officer Surya Halim, chief product officer Raymond Christopher and chief technology officer Theo Budiyanto, who were classmates at t...
Tags: Google, Fundings & Exits, Startups, TC, Asia, Indonesia, Big Data, Southeast Asia, Tech, Pwc, Silicon Valley, Data Management, Jakarta, Data Analytics, Halim, Intudo Ventures


GoBear raises $17 million to expand its consumer financial services for Asian markets

Singapore-based fintech startup GoBear has raised $17 million from returning investors Walvis Participaties, a Dutch venture capital firm, and Aegon N.V., a life insurance and asset management provider. The funding brings GoBear’s total funding so far to $97 million, and will be used to expand its consumer financial services platform, which is available in seven Asian markets: Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Founder and CEO Adrian Chng told...
Tags: Travel, Fundings & Exits, Startups, TC, Asia, Southeast Asia, Singapore, Philippines, Vietnam, Financial Services, Fintech, Consumer Finance, Grab Financial Group, GoBear, fintech startup GoBear, Walvis Participaties


Equity Morning: Remote work startup fundings galore, plus a major court decision

Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. This is a messed-up edition, because we are both hosting Equity Monday on Tuesday (because that makes sense) and our normal host Alex Wilhelm is on vacation, leaving (editor’s note: poor and massively underpaid) managing editor Danny Crichton to wake up early on the first day of the workweek to talk to himself in front of a microphone. Here’s what we (okay I) talked about this morning: We talked a...
Tags: Apple, Fundings & Exits, Startups, Verizon, Facebook, Mark Zuckerberg, UK, Podcasts, Tech, World, Huawei, Equity, British Columbia, Alex Wilhelm, Danny Crichton, Hans Vestberg


Benepass raises $2.4 million to help employees get the most out of their tax-advantaged benefits

Tax-advantaged benefits, like flexible spending accounts, can save employees in the United States thousands of dollars annually, and reduce the amount of payroll taxes companies pay. But those benefits are often underutilized, simply because they can be confusing to navigate. Benepass wants to make the process easier with a mobile app that centralizes all of an employee’s tax-advantaged accounts, and is linked to physical and virtual payment cards. The startup announced today that it has raised ...
Tags: Fundings & Exits, Startups, TC, Apps, Tech, Benefits, United States, Goldman Sachs, Chen, Gradient Ventures Google, Gradient Ventures, Darian Shirazi, Sidewalk Labs Google, Benepass, Tax-advantaged Benefits, Jaclyn Chen CTO Kabir Soorya


Scandit raises $80M as COVID-19 drives demand for contactless deliveries

Enterprise barcode scanner company Scandit has closed an $80 million Series C round, led by Silicon Valley VC firm G2VP. Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures also participated in the round — which brings its total raised to date to $123M. The Zurich-based firm offers a platform that combines computer vision and machine learning tech with barcode scanning, text recognition (OCR), object recognition and augmented reality which is designed for any camera-equ...
Tags: Fundings & Exits, Mobile, Wearables, Europe, Hardware, Enterprise, Global, Tech, Smartphones, Arkansas, Healthcare, Machine Learning, Silicon Valley, Toyota, 7-eleven, North America


Cloud canteen startup Feedr has been acquired by Compass Group for ~$24M

Feedr, the food tech startup that delivers personalised meals to office workers as an alternative to companies setting up their own canteens, has been acquired by Compass Group, the publicly-listed foodservice company. The price is described as “in the region” of $24 million, while I understand the the deal between the two companies was completed in early March 2020. Compass Group says the purchase of Feedr will help accelerate its digital transformation, and — amidst the coronavirus crisis —...
Tags: Fundings & Exits, Startups, TC, Europe, Tech, Ireland, Compass, Ladbrokes, Richard Glynn, Riya, Founders Factory, Compass Group, David Pritchard, Alinsky Partners, Lyz, Feedr


API startups are so hot right now

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A cluster of related companies recently caught our eye by raising capital in rapid-fire fashion. TechCrunch covered a few of them, and I read coverage of others. Looking back through my notes and the media cycles that they generated, it feels safe to say that API -based startups are hot right now. What’s fun about this trend is that the startups we’re considering are all relat...
Tags: Security, Fundings & Exits, Startups, TC, Apps, Entertainment, Tech, SaaS, Venture Capital, Treasury, Api, Twilio, Spruce, Patrick Burns, Market Analysis, The Exchange


Clubhouse proves that time is a flat circle

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First, a big thanks to everyone who took part in the Equity survey, we really appreciated your notes and thoughts. The crew is chewing over what you said now, and we’ll roll up the best feedback into show tweaks in the future. Today, though, we’ve gone Danny and Natasha and Chris and Alex back again for our regular news dive. This week we had to leave the Vroom I...
Tags: Apple, Fundings & Exits, Startups, Podcasts, Softbank, Tech, Silicon Valley, Equity, Alex, Chris, Danny, Natasha, Spruce, Equity podcast, Brex, Luckin


M17 sells its online dating assets to focus on live streaming

M17 Entertainment announced today that it has sold its online dating assets to focus on its core live streaming business in Asia and other markets. Paktor Pte, which operates Paktor dating app and other services, was acquired by Kollective Ventures, a venture capital advisory firm. The value of the deal was undisclosed. In its announcement, Taipei-based M17 said the sale will allow it to focus on expanding its live streaming business in markets including Taiwan, Japan and Hong Kong. Earlier t...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Japan, Tech, Taiwan, United States, Middle East, Online Dating, Paktor, New York Stock Exchange, Taipei, Live Streaming, Koo


Skyflow raises $7.5M to build its privacy API business

Skyflow, a Mountain View-based privacy API company, announced this morning that it has closed a $7.5 million round of capital it describes as a seed investment. Foundation Capital’s Ashu Garg led the round, with the company touting smaller checks from Jeff Immelt (former GE CEO) and Jonathan Bush (former AthenaHealth CEO). For Skyflow, founded in 2019, the capital raise and its constituent announcement mark an exit from quasi-stealth mode. TechCrunch knew a little about Skyflow before it announc...
Tags: Apple, Fundings & Exits, Startups, TC, Ge, Privacy, Tech, Social Security, Api, Salesforce, Cnbc, Twilio, Foundation Capital, Storm Ventures, Jeff Immelt, Equifax


VergeSense grabs $9M for its people-counting sensor tech as offices eye COVID changes

Facilities management looks to be having a bit of a moment, amid the coronavirus pandemic. VergeSense, a US startup which sells a ‘sensor as a system’ platform targeted at offices — supporting features such as real-time occupant counts and foot-traffic-triggered cleaning notifications — has closed a $9M strategic investment led by Allegion Ventures, a corporate VC fund of security giant Allegion. JLL Spark, Metaprop, Y Combinator, Pathbreaker Ventures, and West Ventures also participated in the ...
Tags: Fundings & Exits, TC, Y Combinator, Hardware, Cdc, US, Tech, Artificial Intelligence, Sensors, United States, Machine Learning, Ryan, Dan Ryan, Rob Martens, West Ventures, VergeSense


Beware mega-unicorn paper valuations

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. There’s a famous old post going around Twitter this week by entrepreneur and developer David Heinemeier Hansson (@DHH). DHH is a critic of certain elements of the startup world, especially wild valuations. This entry from him is, in my view, a classic of the genre. The post in question is titled “Facebook is not worth $33,000,000,000,” and was written back in 2010. You can alrea...
Tags: Fundings & Exits, Startups, TC, Facebook, Uber, Twitter, Softbank, Funding, Tech, Fundraising, Venture Capital, Private Equity, Airbnb, Toyota, WeWork, Unicorns


Spruce is eliminating the drudgery of real estate, and has $29M more from Scale to make sales easy

Real estate is one of those classic industries we always talk about in Silicon Valley: multi-trillion dollars in scale in terms of assets and transaction volume, but still relying on good ole’ pen and paper to get anything actually done. A huge number of companies have launched to digitize all aspects of real estate, from calculating valuations to monitoring operational costs and underwriting mortgages. Where top VCs are investing in real estate and proptech (Part 1 of 2)   One of those ...
Tags: Fundings & Exits, Startups, Real Estate, Finance, Funding, New York City, Tech, Silicon Valley, Mortgage, Bessemer, Burns, Scale Venture Partners, Spruce, New York Texas, Patrick Burns, Home Sales


Monzo co-founder Tom Blomfield moves from UK CEO role to President

More than five years after starting the company, Monzo co-founder Tom Blomfield is stepping down as CEO of the U.K. challenger bank to take up the newly created role of President. Current U.S. CEO, TS Anil, will become the new “Monzo UK Bank CEO”, subject to regulatory approval, and for now will hold both U.K. and U.S. roles. Anil previously held exec roles at Visa, Standard Chartered Bank, and Citi, and therefore brings a ton of banking and financial services experience. This includes things li...
Tags: Fundings & Exits, Startups, TC, Europe, UK, Tech, American Express, Las Vegas, Steve, Citi, U K, Anil, Tom Blomfield, Monzo, Blomfield, Sujata Bhatia


Human Interest tacks on $10M more to its Series C

The COVID-19 pandemic is making life worse for many startups, but not all. Those benefiting are often taking advantage of the market updraft to add more capital to their accounts. Robinhood, for example, saw usage of its consumer fintech product rise rapidly. Then the company raised a Series F worth $280 million at a new, higher valuation. Another startup has done something similar. Human Interest, a finservices 401(k) provider for SMBs, added $10 million to its Series C today. The company’s Ser...
Tags: Fundings & Exits, Startups, TC, Finance, San Francisco, Tech, Fintech, TechCrunch, GTM, Human Interest, Glynn Capital, Jeff Schneble, CEO Human Interest, Schneble, Glynn Capital They, Oberndorf Enterprises While