Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up more than 72 percent, closing at $27.58. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/QVz3z97jsxc/
After raising $16M in funding, CastBox plans to fix podcast discovery
More people than ever are listening to podcasts, but as they soon find out, discovering new ones is a cumbersome process that lacks the serendipity users take for granted in other apps. CastBox wants to fix that by becoming “the YouTube of audio.” Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/uf3JGsjApxA/
CarHopper raises $1.5 million to let travelers rent ultra luxurious cars
The sharing economy continues to bear fruit. CarHopper, a platform for luxury car rental, has raised a $1.5 million seed round to expand to new markets. CarHopper started as a peer-to-peer platform for luxury car owners to rent their rides to others. But in its infancy, the company realized there was a much bigger opportunity with small, local rental agencies that don’t have a strong… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/d9AF6cMNeU8/
Music rights collection startup Kobalt adds another $14M at $789M valuation, Bill Maris joins board
When he was still at Google Ventures, Bill Maris led a round of funding into music royalty collecting startup Kobalt, to make one of the VC arms bigger bets in the world of digital music. Now that he’s moved on to start another firm, he’s taking a step to re-up his interests in the company. Today, Kobalt announced that Maris’ Section 32 has invested $14 million into Kobalt,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_iOj1HSzwwc/
LocalGlobe-backed BuffaloGrid lets people charge their smartphone in off-grid locations
BuffaloGrid, a London and New Delhi startup that recently picked up backing from LocalGlobe and Kima Ventures, offers something akin to mobile phone charging as a service in remote parts of the world that are either without electricity or where power supply is sporadic. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/4gv9rywBl2U/
ROSS Intelligence lands $8.7M Series A to speed up legal research with AI
Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs and angels. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/XV_6JHP4PNc/
Icon Ventures raises its biggest fund ever, though just by a smidgen
Funds have been ballooning in size as more money continues to flood into Silicon Valley, looking for higher returns than can be found elsewhere. VCs also like raising progressively bigger funds because doing so gives them bragging rights. Now Icon Ventures has closed its sixth fund with $265 million in commitments — its largest fund to date. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/gTUCeSFlkYA/
MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia
MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ImNfGc1lAJ4/
eShares raises $42 million to manage equity compensation and investments
eShares wants to be the platform for all things equity.
From cap table management to secondary transactions, eShares’ software helps businesses like Slack, Flexport and Funding Circle keep tabs on their shares.
The startup is raising a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy from Menlo Ventures and Arjun Sethi from Social Capital will be joining the… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/IfGUMdeYcME/
ShiftLeft promises to protect your code even when you ignore security threats
Every day companies are uploading fresh code to the cloud. The pace is startling and that tends to lead to errors. We have seen security software in the past that will check that code for problems and security holes and recommend fixes before launching, but what happens when your programming team doesn’t have time or money to make those fixes (or simply ignores them)? ShiftLeft, a… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/WdRZ4pWCnls/
Travel experiences marketplace Withlocals picks up $4.2M in Series A funding
Withlocals, the the Netherlands-based startup that operates a marketplace for personalised travel experiences, has raised $4.2 million in Series A funding. The round was led by Inkef Capital, the Amsterdam-headquartered VC firm. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/FTC3lW8g7-0/
Ola raises $1.1B led by Tencent to fuel battle with Uber in India
It’s been a long while coming but Uber’s chief rival in India is finally raising a big round, and joining the billion-dollar round club at the same time. Ola today announced that it has closed $1.1 billion in fresh financing. That’s the largest funding round in the company’s six-year history and its first major raise since November 2015 when it closed $500 million… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/bdMZDDJpYtI/
Blue Apron competitor HelloFresh planning to raise up to $353 million in IPO
HelloFresh, the Berlin-based cooking kit delivery company, revealed that it’s planning to raise up to $353 million in an IPO on the Frankfurt Stock Exchange. The move would value HelloFresh at up to 1.5 billion euros ($1.8 billion) in the public markets. This is below the last private market valuation of 2 billion euros.
The IPO may come as a surprise to some, following the lackluster… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/wT7cyao5dGQ/
Cap table apps team up as Solium acquires Capshare
Uber, SpaceX and Stripe rely on Solium to keep track of all their shareholders and stock plans; 10,000 smaller startups turn to Capshare for more streamlined equity software that’s not clumsy like spreadsheets. Now Solium is buying out Capshare and letting it run independently, so together they can handle shareholder management from inception to IPO. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/1f9WqJ51Qvg/
Bigscreen nabs $11M in funding as it looks to build the perfect virtual movie-watching app
Big screens apparently mean big money. Virtual reality remote desktop app Bigscreen has added $11 million in Series A funding to its pocketbooks as it looks to weather some waning investor interest in VR and build up its technologies while the VR headset market builds itself up. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/0tkBvvScBes/
$3 million round for Vyng proves ringtones are still a thing
Sometimes the journey to success and millions of dollars in venture funding can start with nothing more than a Mexican road trip and crashing a cat convention’s film festival. That’s the story of Vyng, which has closed a round of $3 million after two years spent working on its technology that allows users to use personalized videos that appear on lock screens as ringtones. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ISabAvQfnmY/
Dow Jones said that Google was buying Apple, and the bots bought it
There you have it. Steve Jobs’ will + Dow Jones + Apple Park = Google’s buying Apple. I think we finally have algorithmic transparency. This morning Dow Jones shot some fake news out over the wires announcing that Google was acquiring Apple for $9 billion. For a brief second, the news sent Apple’s stock up about $2 to $158 per share. Both stock prices quickly returned to normal. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/W_iMiIDUqDA/
HandUp, the startup that helps homeless people, has been acquired
In slightly bittersweet news, startup HandUp is selling itself to the Detroit-based South Oakland Shelter. This isn’t your typical Silicon Valley exit where the founders and investors made a bunch of money. HandUp CEO Rose Broome described it to me as a “primary philanthropic acquisition.” But it’s still a solid outcome for a startup that operates as a public benefit… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/oDpxszA6ckg/
Used car buying site Carspring goes quiet after Rocket Internet pulls investment
Carspring, the London and Berlin-based startup that makes it easy to buy a used car, has gone quiet, amid reports that its recent £5 million in Series B funding fell through. According to sources, Rocket Internet has pulled its investment in the company, which it co-founded with ex-McKinsey management consultants Peter Baumgart and Maximilian Vollenbroich. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/v8y04w0Bc4I/
Petuum secures $93M Series B to push AI into the mainstream
With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital.
Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/fmbYIFfinsU/ Source: https://techcrunch.com/
