Fundings & Exits – TechCrunch

hackbot (49)in #hackbot • 7 years ago

Zego picks up £6M Series A led by Balderton for its gig economy worker insurance

Zego, the London-based startup that appears to have spotted a gaping insurance hole in the so-called gig economy, has raised £6 million in Series A funding. The round was led by Balderton Capital, with participation from existing backers, including LocalGlobe and unnamed angel investors in the insurance sector. The company plans to use the new capital to increase engineering and other… Read More

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Code2040 raises $5.6 million from The Knight Foundation and others

Code2040, founded by Laura Weidman Powers and Tristan Walker, recently raised $5.6 million to advance its diversity and inclusion efforts in technology. The latest funding comes from The Knight Foundation, The Sara and Ev Williams Foundation and others, and brings Code2040’s total funding raised to more than $7 million. Code2040’s Fellows program, which first launched in 2012… Read More

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Identity solutions business SailPoint up 8% following IPO

SailPoint, the enterprise identity solutions business, went up 9 percent in its debut on the New York Stock Exchange Friday. The company raised $240 million; after pricing its shares at $12, it saw them rise to $13.11 on its first day of trading. Read More

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Stitch Fix up just 1% on first day of trading, after reducing size of IPO

Stitch Fix went up just 1 percent on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. The company didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO from 10 million shares to… Read More

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Media startup Axios raises another $20 million

There’s a glimpse of hope in new media as Axios just raised $20 million less than a year after its launch, the Wall Street Journal reported. The company already had a pretty big list of investors, and most of the startup’s existing investors are putting more money into Axios. Existing investors Greycroft Partners and Lerer Hippeau Ventures are co-leading today’s founding… Read More

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Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M

The food-delivery-on-demand space continues to heat up in Europe. Today, Deliveroo, the London-based startup that at the end of September announced a Series F of $385 million at a valuation of over $2 billion, today announced it is adding another $98 million into the round, led by T. Rowe Price Associates and Fidelity Management & Research Company. The brings the total amount in the round… Read More

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Stitch Fix gets a pop in its public trading debut

Stitch Fix revised where it would price its IPO lower last night ahead of trading, and it looks like it helped approach the right sweet spot as a result when it made its debut today. The company saw around a 15% pop in its stock when it began trading this morning — the benchmark companies tend to look to hit when they go public is around 20% — and fell around the lower bounds of… Read More

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Spotify acquires online music studio Soundtrap as it goes after creators

Spotify has made another acquisition as it continues to build out the services it offers to artists beyond basic streaming. It has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The three year-old company, based in Stockholm, is the maker of a freemium (paid and free) cloud-based, collaborative music and podcast recording studio that… Read More

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Stitch Fix set to raise $120M from downsized IPO

There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch Fix stands to raise $120 million after it announced a lower than expected $15 share price and a reduced number of shares on offer. That price comes… Read More

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Airbnb acquires ad tech startup AdBasis

It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for ad testing and… Read More

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Trocafone raises $15 million to expand its used electronics marketplace in emerging markets

Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets. The company, which raised $7 million in a previous round of financing last year, said the new money came from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado Libre Fund and other undisclosed investors.… Read More

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Tencent reportedly invests $150M in cinema ticketing startup Maoyan

Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying… Read More

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Roxy grabs $2.2 million seed investment to build Alexa-like voice devices customized for business

Some of the biggest names in technology are all in on voice-controlled devices like the Amazon Echo and Google Home, but Roxy, a Seattle-based startup believes that businesses need a voice system where they control the data and the voice commands are designed for their specific requirements. They announced $2.2 million in seed funding today. The company has built its own modular hardware… Read More

Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/TanC3Rxcv2I/

Kickstarter reboots its Patreon competitor, Drip

Kickstarter hasn’t done a lot with Drip since acquiring the service from the Ghostly International record label a year and a half ago. Since then, the site has mostly continued its mission of helping bands and labels fund their projects through a subscription-based plan, with little input from its new owners. Today, however, Kickstarter’s hitting the reset button on the service. Read More

Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ewY3KFq8PvM/

Perkbox acquires digital rewards platform Loyalty Bay

Two companies are better than one: Perkbox, the U.K. startup that helps companies engage and reward employees and customers, has acquired London-based Loyalty Bay, which offers a SaaS platform for the automated delivery of digital rewards. Read More

Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/agunA5lBHYw/

Qualcomm announces investment in Mobike and eight other Chinese startups

Qualcomm is continuing its charm offensive in China, a critical market where it has suffered hard blows in recent years including a $1 billion anti-trust fine, after it announced a flurry of new investments. These are chaotic times for Qualcomm, which is fielding unwanted acquisition interest from Broadcom and battling Apple in court, but today it put the focus back on supporting upcoming… Read More

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Marketing email company SendGrid raises $131 million after pricing its IPO at $16

SendGrid, the Denver-based marketing email company, raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. The company also upsized its IPO, selling 8.2 million shares, instead of 7.7 million. The company begins trading Wednesday on the New York Stock Exchange, under the ticker, “SEND.” SendGrid helps businesses send marketing emails. It says… Read More

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Uber dealt with class action lawsuit alleging assault by drivers

A class action lawsuit has been filed against Uber, claiming that the company hasn’t done enough to inform the public about alleged harassment and assault by drivers. The legal complaint alleges that “thousands of female passengers have endured unlawful conduct by their Uber drivers including rape, sexual assault, physical violence and gender-motivated harassment.” Read More

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Poshmark raises $87.5 million for fashion resale marketplace

Poshmark, the app for fashion consignment, has raised another $87.5 million in funding led by Singapore-based Temasek. Menlo Ventures, GGV Capital, Mayfield and others also participated. Having raised $160 million to date, the startup is well-capitalized and plans to use the money to build out its stylist-matching technology. Poshmark is launching voice integration with Amazon’s Alexa… Read More

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Bossa Nova raises $17.5 million for retail robots

Why count inventory when the robots can do it? Retailers are using machines from a startup called Bossa Nova Robotics to analyze what’s selling on the shelves. The robots drive autonomously through store aisles figuring out what has sold and then sends back data. The company is now raising $17.5 million Series B led by Paxion to scale its business. Intel Capital, Cota Capital and others… Read More