Truphone raises $339M to retire debt and step up in connecting IoT devices
Truphone, a mobile company based out of London that made a name for itself through low-cost international mobile voice and data plans, is taking a very big step forward in a strategy to catapult itself into the future of communications: the company has picked up a massive £255 million ($339 million), funding that it will use to retire its debt and double down on providing data connectivity… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/sUVP2CWGC5k/
ForeScout Technologies has unveiled its IPO filing. This puts the network security company on track for a public debut that could happen as soon as late October. ForeScout helps companies and government agencies monitor the devices connected to their networks and alerts them of potential intrusions. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/YtGKcOGyqew/
Ex-500 Startups partners launch Hustle Fund to level the playing field for founders
Ex-500 Startups partners Elizabeth Yin and Eric Bahn want to focus on potential impact, not on whether or not founders have a degree from Stanford or some Ivy League school. Their goal with Hustle Fund, according to sources, is to level the playing the field for entrepreneurs in an industry where pedigree is not a good proxy for success. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/2L5G9JqLzXI/
Robotics process automation startup Kryon pulls in $12M Series B investment
In an industry that tends to concentrate its startup energy in Silicon Valley, Kryon defies convention. The robotics process automation (RPA) startup has its US headquarters in New Jersey. The location didn’t matter when it came to getting investment capital as the company announced a $12 million Series B today. The round was led by Aquiline Technology Growth (ATG) and Vertex Ventures.… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ROVYDWTY2fA/
Roku nearly doubles since IPO, up another 13% on day two
Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/92_WJUYqbwY/
Heetch raises $12 million to reboot its ridesharing service
French startup Heetch has been around for quite a few years. Although things were running smoothly, the company had to start over mostly from scratch. In March 2017, a court in Paris ruled that Heetch had been illegally operating a transportation company. The startup is now rising from the ashes and raising $12 million to fund its new service. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/T5qqrz-Bt_k/
Alibaba is leading a $27M investment in open source database startup MariaDB
Alibaba has spent 2017 pushing its cloud computing business and now it is preparing to make its first major investment in a Western startup in the space.
The Chinese e-commerce giant has agreed to lead a €22.9 million ($27 million) investment in MariaDB, the European company behind one of the web’s most popular open source database servers, according to a source with knowledge of… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/rqgzmj4_CRw/
Accela gets acquired by Berkshire Partners as it looks to move govtech services to the cloud
Boston-based private equity shop Berkshire Partners announced this afternoon that it is acquiring Accela — a nearly 20 year old startup that sells regulatory management solutions to government clients. Accela has gone through a troika of CEOs in the last year. Previously acting CEO Mark Jung replaced Maury Blackman last October who had managed the company for about a decade. We… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/cguyhSTGE_w/
Angry Birds-maker Rovio priced IPO, valuing company at $1 billion
Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.
This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/fXLhZhmwhNA/
Roku closes up 68% in stock market debut
Content streaming company Roku saw its shares surge 67.86% on its first day of trading. After pricing its IPO at $14 and then opening the day at $15.78, Roku shares closed at $23.50. This values the company at almost $2.2 billion. While this good news for the new investors and is a favorable sign for the company, this actually isn’t ideal. It means that Roku could have sold its shares for… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/8vOd3KeCkfI/
Anchor raises $10 million for podcast platform
A quarter of Americans listen to podcasts each month, but far fewer make them. Anchor is a startup that is looking to change that with its app that makes it easy to record and distribute content. Anchor also has a discovery platform, which allows users to find audio across categories like news, sports, music and tech. The New York-based team is announcing $10 million in Series A funding, led by… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/6YeLKsO5TyU/
Used goods marketplace LetGo quietly raised $100M more at a $1B+ valuation
LetGo, a startup that has built a marketplace for people to buy and sell used goods, is one of the fastest growing apps in the U.S. at the moment according to comScore, with some 75 million downloads, “tens of millions” of active users, and 200 million listings in the last two years. Now it is gearing up for another stage of expansion. TechCrunch has learned from a source that… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/pMuYjvnrYSg/
Daimler acquires German P2P carpooling startup Flinc
Daimler — the German car giant that owns Mercedes-Benz among other brands — has made one more acquisition to further its reach in ridesharing and what it sees as the next generation of how cars are owned and used. It has acquired Flinc, a startup also out of Germany that has built a platform and app for peer-to-peer-style carpooling. People who are driving in one direction find… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/PDGi0S3oprg/
Confirmed: Korean crypto exchange Korbit sold to Nexon parent for $80M
The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at just over $120 million. A spokesperson from NXC, the corporation that is the largest shareholder of $11.5 billion-valued Nexon, confirmed to TechCrunch that it paid 91.3 billion KRW (approximately $79.5 million) for 65.19 percent… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/9XP4ia58vpw/
AdAsia snags another $2.5M led by listed Japanese newsreader firm Gunosy
Japanese news app Gunosy, which listed on the Tokyo Stock Exchange two years ago, has put its weight and money behind ambitious ad tech startup AdAsia.
Singapore-based AdAsia, founded in April 2016 by Japanese ad execs Kosuke Sogo and Otohiko Kozutsumi, announced that it has raised a further $2.5 million in addition to the $12 million Series A it closed in April.
The additional capital… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/rwGQ2utlV5s/
Following its $25M ICO, Omise lands strategic investment from Thai bank Krungsri
Earlier this year Thailand-based Omise held a $25 million ICO to develop a next-generation decentralized payment network, and now the company has closed an undisclosed investment from Thai bank Krungsri (Bank of Ayudhya).
Omise has raised over $20 million in VC money — the ICO was for its Omise Go (OMG) division — but this new financing is strategic in nature. The deal itself… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/TuO16iooaXc/
Uber rival Grab quietly backed dock-less bike service oBike
Grab, Uber’s main rival in Southeast Asia, has made a move into dock-less bikes after the company quietly backed oBike. Singapore-based Grab invested in oBike — which was started in Singapore by Chinese founders and is present in 30 cities — as part of a $45 million Series B round that was announced in August, a source with knowledge of the deal told TechCrunch.… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ATH0CFr0ppg/
Onfido raises $30M more for its AI-based identity verification technology
Malicious hackers and security breaches that have exposed personal information of millions of people have pushed the issue of online security into the spotlight, not just for individuals but for organizations that do business with them. Now a company called Onfido, which has built a way to help websites verify people’s identities using a photo-based identity document, a selfie and… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/RPzcrNJLkOw/
Chime raises $18 million for mobile banking without the fees
Chime is raising $18 million in Series B financing for its mobile-first approach to banking. It’s a bank account and debit card built for the digital age. Without monthly fees or overdraft charges, Chime tries to appeal to the millennial generation, touting its affordability and easy-to-use app. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/GDmKn5uoxjg/
Eden raises $10 million Series A to build out its office management marketplace
Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses and consumers. The… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ZDVRCe5CgPE/ Source: https://techcrunch.com/
