Fundings & Exits – TechCrunch
Lofelt raises $5.4M to develop next-gen haptic tech for gaming, AR, VR, automobile, and more
Lofelt, a Berlin-based startup that is developing ‘next-generation’ haptic technology for use in a range of products — including gaming, AR, VR, automobile, consumer electronics, toys, medical, and entertainment — has raised $5.4 million in Series A funding. Leading the round is Wolfman.One, with participation from Q Venture Partners, Coparion, and previous backer… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/wx3v89VrPb8/
SoftBank could still walk away from Uber
Uber said Sunday that it agreed to move forward on a proposed investment from SoftBank Group. But SoftBank Investment Advisors sent a statement to reporters on Monday on behalf of CEO Rajeev Misra, emphasizing that it could still walk away. Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/f9Zx13PDaxQ/
Stitch Fix gets a close look from consumer VC firm Goodwater Capital ahead of IPO
With Stitch Fix’s IPO on the horizon, Wall Street — and the rest of the tech industry — is going to be keeping a close eye on this next big consumer IPO as both a signal for the future of e-commerce startups like Stitch Fix and the consumer IPO market as a whole heading into the back half of the year. So one of the big metrics Wall Street and others will be focusing on is… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/OJE8UiB1Slk/
Roomi raises $11 million to find you a roommate
Looking for a roommate on Craigslist can be cumbersome. And it can be difficult to determine what the person will be like in real life. A startup called Roomi thinks it has a better solution for finding people to live with. Its app and website help you search for apartment listings with background-checked profiles from the tenants. It also pulls data from social media, like photos and… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/A_mLUy-FfBk/
Gaming firm Razer up 18% following Hong Kong IPO
Razer has continued a winning streak of IPOs from Asian companies after its share price surged as much as 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. After deductions, Razer estimated its take-home… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/chDeCaZPR04/
SoftBank looks to finalize Uber investment today
After months of talks, SoftBank Group is close to finalizing its investment in Uber. Multiple sources tell TechCrunch that the deal is expected to be signed later in the day on Sunday. SoftBank plans to lead a $1 billion investment directly in the company alongside Dragoneer Investment Group. The joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a… Read MoreSource: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/Da3h5Kw_4nY/
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/
Source: https://techcrunch.com/
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