Fundings & Exits – TechCrunch
Robin goes all in on robotic lawn care and focuses on franchising
Robin, which pitched a combined “Uber for lawn care” and robotic-lawnmower-as-a-service at Disrupt SF’s Startup Battlefield last year, is making some big changes. It quietly sold the first part to Porch earlier this year, and is now focused on expanding the robot service nationwide via a franchising plan. (And they’re going to be on Shark Tank.) Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/FpDc9s2cQCs/
Twilio competitor Bandwidth up 6% following IPO
Bandwidth, a company that helps businesses with voice and text communication, debuted on the Nasdaq on Friday, going up about 6 percent on its first day of trading. After pricing its IPO at the bottom of the expected range at $20 per share, the company closed Friday at $21.19, or up about 6 percent. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/entwRvudevQ/
Ambitious new media firm ByteDance is no longer a secret outside of China
ByteDance is a name that is about to become very familiar to everyone in international tech circles. Really it should already be. It is valued at $20 billion and its flagship Toutiao news reader app is one of China’s fastest growing internet services with 120 million daily users. It is in the process of raising a $2 billion funding round and revenue for this year is reportedly forecast… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/KRqBQzS0Oz0/
Razer to raise upwards of $504 million in Hong Kong IPO
PC gaming company Razer is set to raise upwards of US$504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for PCs, laptops and is preparing to sell its first smartphone, today priced its shares at HK$3.88, or US$0.50. That comes in towards the high-end of its HK$2.93-HK$4.00 price range set last… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/XGvwNnKD0_Y/
China’s Toutiao is buying Musical.ly in a deal worth $800M-$1B
Musical.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement made today. The deal is undisclosed but sources tell TechCrunch that Bytedance, the company behind China’s top news aggregator service Toutiao, will pay between $800 million and $1 billion to buy Musical.ly, which claims 60 million users… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/outwsQuQ6RE/
Chinese search engine Sogou up 4% following IPO
Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $13 per share, the company raised $585 million. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4 percent. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/CdsIUsuS9CY/
Bolt Threads is raising $106 million from Foundation Capital and Formation 8
Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in Series D financing. Bolt Threads has been on a meteoric rise since it first told TC about its ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/2YZDUjCHeYU/
Alphabet and Goldman Sachs are suing adtech startup Outcome Health for alleged fraud
Investors are suing Outcome Health, a startup selling ad space on screens in doctors’ offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/f7u6ZFdmKYE/
Thrive Capital leads healthtech startup Welkin Health’s $8 million Series A
Digital patient relationship platform Welkin Health has landed $8 million in Series A financing, led by Josh Kushner’s Thrive Capital. This now brings the total in the VC piggy bank to $12 million for the company. Welkin launched in 2013 as a digital monitoring system for diabetics. It joined Rock Health in 2014 to create a disease management platform with robotic coaching tools. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/5t4qQMCRPWc/
Apple has acquired imaging sensor startup InVisage Technologies
As Apple continues to work on ever-smaller but more powerful computing devices, it has acquired a startup focusing on nanotechnology, and specifically as it relates to image sensors. TechCrunch has learned and confirmed that Apple has picked up InVisage Technologies, a startup that develops solutions to improve imaging capabilities on space-constrained devices, like smartphones.
An Apple… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/DppruQVziE4/
Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse
WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepeneurs Fund, the World Bank’s International Finance Corporation (IFC) and Credit Suisse,… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/kdveloHYi3k/
Skyscanner buys Twizoo to add social content shout-outs to travel reviews
Travel metasearch giant Skyscanner has acquired Twizoo, a small London-based startup which makes a platform for brands to automate injecting relevant social content across their digital footprint. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/flRB5f8RybE/
Natural Cycles gets $30M for its EU-certified “digital contraception”
European startup Natural Cycles is pushing to establish its EU-certified “digital contraceptive app” as a globally accepted contraception option — and compete with tried and tested options used by millions of couples worldwide. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/fAnw30XP5l0/
Goldman Sachs leads $10 million round for data structuring startup Crux Informatics
Every financial services firm has a team of data scientists that take all the information that comes in and structure it in a way that the rocket scientists and genius mathematicians can turn into something useful. It’s a difficult job that only a select few can handle. Those select few have now launched Crux Informatics to take over the data processing that big banks need done. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/QIumIaAQ0XE/
User-generated content marketing platform Yotpo closes $51M Series D round
Yotpo, a platform that lets companies gather content from their customers in the form of reviews, Q&As, photos and videos, mainly for use in marketing, has closed $51 million in Series D funding. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/yEhUrYqQb_Q/
China Literature makes stellar public debut following $1B Hong Kong IPO
China Literature, the e-publishing business backed by Tencent, enjoyed an impressive debut as public company with its share price rising as high double during its first day on the Hong Kong Stock Exchange. The business raised over $1 billion from the listing which saw it spin out from Tencent. The listing price was set to HK$55 and the share valued reached HK$110 in early trading, going on… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/HuMQzbBuv4s/
Real estate startup Compass nabs $100M at a $1.8B valuation
Today, the real-estate startup Compass is announcing that it has raised another $100 million — money that it plans to use to expand its sales and rental listings service to every major city in the U.S., as well as build new CRM technology to integrate client, listings and transactions data. The Series E values the company at a whopping $1.8 billion. Compass had over $100 million in the… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/EkwQ0bFDWL0/
Smart trucking startup CargoX raises $20M
CargoX announced today that it has raised $20 million in Series C funding led by Goldman Sachs. The startup is currently focused on the Brazilian market, where it connects businesses that need to ship something with drivers who have excess capacity in their trucks. The goal is to help truckers make more money while reducing shipping costs for businesses. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/lFmzBY1MxeU/
Intersection raises $150 million for the global expansion of its free Wi-Fi
As it looks to expand the global footprint of its internet-enabled digital advertising and informational kiosks, New York-based Intersection has raised $150 million in a new round of financing. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/7LQTQ9puV0U/
MyMusicTaste, which allows fans to request live events, gets $11M Series C
MyMusicTaste, a Seoul-headquartered service that lets fans campaign to bring their favorite artists to their city, plans to double the concerts it organizes next year after raising an $11 million Series C. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ZkUzqiaagbg/
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