Fundings & Exits – TechCrunch
Chinese social media giant Weibo is raising $700M to fund acquisitions
Weibo, the Twitter-like Chinese social network that is profitable unlike Twitter, is raising $700 million as it looks for acquisitions to continue the rocket ship growth its business has seen in 2017. The Beijing-based company, which is listed on the NASDAQ with a current market cap of $21 billion, announced today it will offer up to $700 million in convertible senior notes in order to… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/mUwy4Nksnzg/
Medication management app Echo raises £7M Series A led by White Star Capital
Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has raised £7 million in Series A funding. The round is led by White Star Capital, with participation from MMC Ventures, LocalGlobe, and Rocket Internet’s Global Founders Capital. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/X65uMPTYJLQ/
Jiko raises $7.7 million for debit card with cash back
A lot of startups have been raising money for credit cards and other financing businesses lately. Now Jiko has debit card technology that has convinced Upfront Ventures, Radical Impact, Social Capital and others to invest $7.7 million in a Series A. The Oakland, Calif.-based business markets itself as a secure place to save your money, while also offering at least .5 percent cash back on… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/hPMhceHPWek/
Deserve raises $12 million for a credit card targeting college students
Most young adults don’t have credit cards these days. Many of them are concerned about accruing debt. Others are finding it difficult to build credit.
A handful of startups are now focused on building alternatives. One of these is Deserve, which recently changed its name from SelfScore.
The Menlo Park-based startup had been working with international students to assess credit. Now… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/-bUsXheI-i8/
ChowNow, a GrubHub competitor, raises $20 million Series B round
ChowNow, an online food ordering service, has raised a $20 million Series B round led by Catalyst Investors. This round brings ChowNow’s total funding to nearly $40 million. “We were excited for [Catalyst] to get involved because they were behind Mindbody,” ChowNow CEO Chris Webb told TechCrunch. Mindbody, a white-label service for health and wellness businesses, went public… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/b7-RpAevoqo/
HashiCorp raises $40M for its cloud infrastructure automation services
HashiCorp is probably best known for Terraform, its open-source tool for automatically provisioning infrastructure by describing it as code. But the company also offers a whole range of additional open-source security tools and products that enable multi-cloud deployments, as well as enterprise versions of these tools that add features for larger teams on top of these free versions. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/p9KZez4oprk/
Healthtech startup Doctorlink picks up backing from Eight Roads for its digital triage and advice tool
Doctorlink, a U.K. startup that provides doctor surgeries with a clinically approved digital triage and advice tool, is disclosing that it has picked up significant backing from Eight Roads, the proprietary investment arm of Fidelity International. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/AAfoaca_hUE/
AppDynamics founder Jyoti Bansal wastes little time launching a new company
You couldn’t blame AppDynamics co-founder Jyoti Bansal if he took some time off after selling his company to Cisco for a cool $3.7 billion in January. But Bansal is an entrepreneur and he didn’t stop to enjoy the moment. Instead, he did what entrepreneurs do — he looked for a new problem to solve. Today, he announced two new projects . For starters, Bansal teamed up Rishi… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/m8NJ66rBFYE/
Primer helps governments and corporations monitor and understand the world’s information
When Google was founded in 1998, its goal was to organize the world’s information. And for the most part, mission accomplished — but in 19 years the goalpost has moved forward and indexing and usefully presenting information isn’t enough. As machine learning matures, it’s becoming feasible for the first time to actually summarize and contextualize the world’s… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/pw19Zf16gEM/
Blickfeld scores $4.25M seed round to let autonomous vehicles ‘see’
Blickfeld, a Munich-based startup developing a low-cost light detection and ranging (LiDAR) system to let autonomous vehicles “see,” has raised $4.25 million in seed funding. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/j_7ReMOYENg/
Shift Technology raises another $28 million to prevent fraudulent insurance claims
Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst. Accel had already led the company’s previous round. Existing investors Elaia Partners and Iris Capital are also participating in today’s round. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/pjtM3Y8Dx9A/
Netflix is raising $1.6B in debt as its content costs balloon
Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you’ll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year. The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/-SMeVcogdms/
Singapore-based Zuzu gets $2M seed to help small hotels compete with big chains
Independently-owned hotels sometimes fall through the cracks of the hospitality industry because they struggle to compete with major chains, but don’t belong on Airbnb or HomeAway. Zuzu Hospitality Solutions bridges the gap in Asia by providing essential revenue management and marketing services to small hotels while allowing them preserve their own brands. The Singapore-based startup… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/t3lf5ljyB3k/
Cisco scoops up BroadSoft for $1.9 billion to boost communications tools portfolio
One thing is clear, Cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. Today it wrote out a big fat check for $1.9 billion to acquire BroadSoft, a Maryland company that delivers unified communications via service providers. The purchase gives Cisco a new way to sell its communications tools as it shifts its focus from a pure networking… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/e0WuHeOlPk8/
Nested raises another £36M to help you buy a new house before you sell your old one
Nested, the U.K. estate agent that provides a cash advance to help you buy a new house before you’ve sold your old one, has raised £36 million in further funding. The round was led by Rocket Internet’s Global Founders Capital, and brings the less than two year old startup’s total funding to just shy of £50 million. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/9PKssWSCnJA/
ActionIQ nabs $30M led by A16Z to bring big data targeting to marketers
The trend of using big data analytics to glean more targeted insights for your business continues to be democratized, with an increasing number of startups hitting the market to help those who are not data scientists nor engineers take advantage of these kinds of tools. In the latest development, a startup called ActionIQ — a marketing activation platform that gives marketers better… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_XQuLRpMZDw/
Zero raises $8.5 million for a credit card that functions like a debit card
Just one-third of young adults have a credit card, according to a Bankrate survey. It’s partly due to concerns about debt. A startup called Zero thinks it has a solution to this and it is gearing up to launch a credit card that functions like a debit card. The startup is also raising $8.5 million in a funding round led by ENIAC Ventures, including participation from NEA, Lightbank… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/5yMa_XwtXIE/
Countingup, a startup from founder of Clear Books, raises $750K to merge banking and accounting
Countingup, a new fintech startup from Tim Fouracre, who previously founded cloud accounting software Clear Books, wants to simplify the life of sole traders by reinventing the business bank account. Specifically, Fouracre’s vision is that for one-person enterprises, business banking and accounting software should be merged so that book keeping and filing accounts can be automated. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/8_oT6P0kpLE/
Winnow raises further $7.4M for its smart kitchen tech that reduces commercial food waste
Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, continues to be on a roll. It counts the likes of IKEA, Compass Group, and AccorHotels as customers, and estimates its 600-plus clients are saving 4,300 tonnes of food waste annually through the use of the Winnow system. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/SBXf_iP71ss/
New venture capitalists find strength in numbers
Ian Rountree, the thirty something captain at the helm of Cantos Ventures, an SF-based micro-fund, is characteristic of a new breed of venture capitalists in tech — a group of small funds looking to go toe-to-toe with some of the valley’s most entrenched seed funds like First Round Capital and SV Angel. Rountree is experimenting with a strategy so antithetical to the venture… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/8lLARX680Wg/
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