East Ventures closes new $30M fund to continue investing in Indonesia
East Ventures is back at it again with another new fund to invest in early-stage companies in Indonesia, Southeast Asia’s largest economy and the world’s fourth most populous country.
This new $30 million fund is the firm’s sixth to date in Southeast Asia, and remarkably its second in 2017 alone. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/GyPbTCCP3go/
Database provider MongoDB has filed to go public
MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. The company, which provides open-source database software that became very attractive among early-stage startups, is one of a myriad of companies that have sought to go public by… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/SfArI6UlfO8/
Baidu announces $1.5B fund to back self-driving car startups
Baidu is putting some serious cash behind its self-driving car push after it announced a $1.5 billion fund that’s focused on backing autonomous driving tech companies. The Chinese giant, best known for its internet search service and AI technology, has prioritized autonomous vehicles in a major way in recent years, so this comes as little surprise. Baidu made its Apollo self-driving… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/32RyfkOVSRA/
Freight startup Flexport soars from ‘unsexy’ to $800M valuation
Flexport handles the boring logistics of a trillion-dollar business: the transport of shipping containers around the world. Because the work of freight forwarding seemed so bland, it was long ignored by the tech world. But digitizing the paperwork let Flexport speed up shipping so clients keep less inventory on hand while never running out. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/5tkcpa91SzQ/
DogBuddy, the European dog sitting marketplace, scores €5M Series A
DogBuddy, a pan-European online marketplace for dog sitting, has closed €5 million in Series A funding, money it plans for further expansion. Backing the London-headquartered startup in this round is existing investor Sweet Capital, the investment fund started by the founders of King.com, and a number of new unnamed private investors. It brings total raised by DogBuddy to €10 million. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/n1MXnWiMLDM/
Pointy, a startup that lets local retailers easily put stock online with a simple gadget, raises $6M
Pointy, an Irish start startup that lets local retailers put their stock online so that they can be discovered via search engines, has raised $6 million in Series A funding. The round is being led by Frontline Ventures, alongside Paul Allen’s Vulcan Capital, Draper Associates and a number of notable angel investors. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/sKokrpl6Dpo/
Our favorite pitches from Alchemist Accelerator’s 16th batch
Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ubCCNEWLf88/
YC wants to let people invest in its startups through the blockchain
ICOs — or initial coin offerings — are emerging as a route for startups to raise money from a wide pool of investors through cryptocurrency networks. Speaking at the TechCrunch Disrupt conference in San Francisco, Y Combinator president Sam Altman painted a mixed picture of the role of ICOs in the tech world today. It wasn’t all good. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/2c6iZP9I62w/
10x, founded by the ex-CEO of Barclays, raises $46M to take on ancient banking infrastructure
The fintech revolution continues apace, and while many startups are hoping that newer and better tech will help them take business away from traditional banks, today a company has received a large round of funding to help those incumbent institutions better compete.
10x Future Technologies is a startup that has built a ground-up platform that incorporates machine learning, cloud services… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/FdAnll3PSwQ/
Rights management and content monetization company HAAWK raises $2.5 million
There are tons of companies trying to solve the problem of managing, monitoring and paying musicians for the songs they make. The latest entrant into this competitive marketplace is HAAWK, which just scored $2.5 million in new financing for its technology. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/XkG3PMRgdIY/
Albertsons snaps up meal kit startup Plated for $200 million
In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount, brokered by Credit Suisse Group AG. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/6gPe4vXNrvU/
Pymetrics attacks discrimination in hiring with AI and recruiting games
Identify the traits of your top performing employees and hire people like them, but without the discrimanatory bias of traditional recruiting. That’s the promise of Pymetrics, an artificial intelligence startup that today announced $8 million in new funding onstage at TechCrunch Disrupt SF. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/nfwxqq3Am0Q/
ClearMetal gets $9M from Prelude Ventures and Eric Schmidt’s Innovation Endeavors for its logistics platform
Logistics and supply chain management is a notoriously outdated and labor-intensive process. ClearMetal uses artificial intelligence to help manufacturers and retailers climb out from underneath piles of spreadsheets. Today the San Francisco-based startup announced that it has raised $9 million in Series A funding led by Prelude Ventures and Innovation Endeavors, the venture capital firm… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/IbHkDuIXrrk/
HTC stock suspension adds fuel to Google acquisition rumors
HTC is to suspend trading of its stock on the TWSE tomorrow, ahead of what it says will be the release of “material information” pertaining to its business. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/j6mx3KjuduA/
Electric scooter maker Gogoro raises $300 million for growth
Electric scooter maker Gogoro has closed a massive $300 million Series C round to expand its service. The company has sold scooters in its native Taiwan since 2015, and it Europe it offers them on a short-term rental basis. That’s in Berlin, Germany, and Paris, France, where Gogoro provides a combined 1,600 scooters for an on-demand sharing service that’s operated by… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/9cKycwoAsM4/
Citizen’s controversial crime tracker expands to SF, picks up $12 million from Sequoia
The app formerly known as Vigilante isn’t going away. Today at TechCrunch Disrupt SF, the crime tracker now known as Citizen announced that its parent company Sp0n has raised a $12 million Series A round led by Sequoia Capital. Paired with the funding news, Citizen, previously exclusive to New York City, will open its crime-conscious geogates to San Francisco. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/GL41onayR08/
Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe
Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/Ou1-qXIJL8Y/
Subscription art crowdfunder Patreon confirms $60M fundraise
Patreon upgrades content creation from a passion to a profession by paying artists 95% of subscription payments from fans instead of 55% of skimpy ad revenue like Facebook and YouTube. Now Patreon itself is getting paid with today’s official announcement of the big Series C funding round TechCrunch broke news of last week. Patreon has raised $60 million led by Chris Paik at Thrive… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/yXPhbsBlV2g/
Le Collectionist raises $10M to expand luxury travel platform and offices globally
There are many solutions when a traveler wants to rent a property: websites like Airbnb, local agents, hotels, private properties to name the obvious. When it comes to luxury properties, the options become a tad more rarified. Luxury travel estimated to be worth between $25 billion and $30 billion per year. So far only OneFineStay and LuxuryRetreats come the closest in delivering it online,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/qulBlfR3WEA/
TalkIQ raises $14 million Series A to give enterprises AI insights into voice communication
There’s no shortage of startups building their brands around AI for enterprise. And within the enterprise, few spaces are as competitive as AI-powered voice analytics. TalkIQ is the latest company in the space to carry home a large round of financing with promise. With $14 million in Series A funding, the TalkIQ team is hoping its proprietary tech stack and engineering-heavy team will… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/JpPsMNIl0j8/ Source: https://techcrunch.com/
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