Winnow raises further $7.4M for its smart kitchen tech that reduces commercial food waste
Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, continues to be on a roll. It counts the likes of IKEA, Compass Group, and AccorHotels as customers, and estimates its 600-plus clients are saving 4,300 tonnes of food waste annually through the use of the Winnow system. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/SBXf_iP71ss/
New venture capitalists find strength in numbers
Ian Rountree, the twenty something captain at the helm of Cantos Ventures, an SF-based micro-fund, is characteristic of a new breed of venture capitalists in tech — a group of small funds looking to go toe-to-toe with some of the valley’s most entrenched seed funds like First Round Capital and SV Angel. Rountree is experimenting with a strategy so antithetical to the venture… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/8lLARX680Wg/
GitHub’s scandalized ex-CEO returns with Chatterbug
Translation earbuds might eliminate some utilitarian reasons to know a language, but if you want to understand jokes, read poetry, or fall in love in a foreign tongue, you’ll have to actually learn it. Unfortunately, products like Rosetta Stone leave people feeling burned after claiming the process should be easy while never helping you practice talking with a real native speaker. You… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/zazMKDTyTXo/
Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast Asia
Grab is in the process of raising $2.5 billion for it ride hailing service in Southeast Asia, but that hasn’t stopped the Uber rival from tapping banks for $700 million in debt facilities to develop its business. The Singapore-based company said it had pulled in the financing from “leading global and regional banks” to expand its car rental fleet in Singapore and Indonesia,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/MIaaB3G0SlQ/
Equity podcast: IPOs for Stitch Fix, MongoDB and SendGrid, and Alphabet’s Lyft investment
Welcome to Equity, TechCrunch’s podcast about venture capital and the tech business. On the latest episode, we were joined by Barry Eggers, co-founder and a general partner at Lightspeed Venture Partners. There was a lot of IPO news this week. MongoDB debuted and we saw filings on Thursday for both Stitch Fix and SendGrid. And, of course, there was the inevitable ridesharing news.… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/zK3IBDPWdno/
PayPal’s quarter exceeded expectations across the board
PayPal, the digital payments company, shared its growing financials after the bell on Thursday. Shares ticked up about 4 percent in initial after-hours trading. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/UFBTSDbGOC0/
Stitch Fix has filed for an IPO, and the numbers look good
Stitch Fix has filed to go public, finally revealing the financial guts of the startup which will be a test of modern e-commerce businesses that are looking to hit the market — and the numbers look pretty great! Let’s start off really quick with profits: aside from the last two quarters, Stitch Fix posted a six-quarter streak of positive net income. We talk a lot about companies… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ROxmBGg_Xq8/
MongoDB finishes up 34% in database IPO
New York-based MongoDB went public on the Nasdaq on Thursday, finishing the day at $32.07, up 34 percent above its IPO price of $24. This is also above the proposed range of $20 to $22, which had been increased from $18 to $20. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/fI7Gz40_Bzs/
Data is the name of the game, as Intel Capital puts $60M in 15 startups, $566M in 2017 overall
Intel Capital, the investment arm of the processor giant, is today announcing its latest tranche of investments, a total of nearly $60 million going in to 15 startups that are working on solving different problems in the bigger area of big data (with a full rundown below). The investments come on the back of a big year for the group: In 2017 so far, Intel says that it’s invested $566… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/qbLuX69Xr04/
SendGrid files for marketing email IPO
Denver-based SendGrid has filed for an IPO. The company, which helps marketers send emails to customers, says in its S-1 that it has processed more than “one trillion emails.” Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/VLRcy3puyKU/
Chinese local services giant Meituan-Dianping raises $4B led by Tencent and Priceline
There’s a huge funding round from one of the top local services companies in China. Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it has raised a $4 billion Seres C round from a group of investors led by existing backer Tencent. Others involved include Sequoia, GIC, Canada Pension Plan Investment Board, Trustbridge Partners, Coatue, IDG,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/GOE4OsDyesg/
PayKey raises $10M for its millennial-targeted “social banking” smartphone keyboard
Banks face an increasingly crowded battlefield in the fight for millennial customers. Not only do they have to compete with services like Venmo, but many messaging apps are adding their own peer-to-peer payment services. Tel Aviv-based startup PayKey thinks it has the solution with a smartphone keyboard that lets bank customers access financial services without having to log onto a banking app. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/qIw-W5ob_jk/
MongoDB shares pop 25% in its public market debut
MongoDB made its public debut with a bang, with jumping more than 25%, today after spending the past several days revising up its expectations throughout the IPO process — which seems to have landed on the right spot. The company provides open-source technology that can be attractive for early-stage startups that want to get off the ground and then seeks to convert those companies to… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ZFzSCM6ayO8/
Lyft raises $1 billion at $11 billion valuation led by Alphabet’s CapitalG
Ride-hailing company Lyft has raised a new $1 billion funding round, putting its post-money valuation at $11 billion total. The round was led by Alphabet’s CapitalG, its growth-focused investment fund, and CapitalG partner David Lawee will join Lyft’s board as part of the transaction. Lyft shared the news in an official blog post, and noted that it has run over 500 million rides… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/lfonUl_Oj54/
Cisco to buy Perspica and fold engineering team into AppDynamics
Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/HbmCUhT77m4/
Feather raises $3.5M to rent furniture to millennials
The furniture rental industry is stuck in the last. Current options involve old-school companies like CORT where most of the inventory will make your apartment look like a dorm room, or a place like Rent-A-Center where you’ll almost certainly pay many times what the item is actually worth. Enter Feather, a company trying to breathe some life into the aging industry by letting… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/60Zmiz_aOxU/
Swedish lock giant Assa Abloy acquires smart lock maker August Home
The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/J7aAhrLoqyk/
Hiya, a Whitepages spinout, nabs $18M for its smart caller ID technology
Hiya came to life a year ago when it was spun out by Whitepages to take on TrueCaller and others in the world of smart caller ID services. Using machine learning analytics on a vast database of calling data (3.5 billion calls to date), Seattle-based Hiya’s mission has been to supercharge the humble phone call — by providing detailed information about who is calling you, whether… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/i_bt8cYVGBo/
European house removals platform Movinga raises up to another €22M
Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/uUwgc6UTqm4/
Dropit runs live auctions on stadium scoreboards that fans bid on from the stands
There’s no doubt that our collective mobile device addictions are hurting real-world engagement for advertisers. This is especially true in professional sports stadiums, where looking down at your phone means you’re not paying attention to announcements, advertisements, and sometimes even the live game. One New Zealand-based startup think they have an answer to this problem. Dropit… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_NLwAyZP2TM/ Source: https://techcrunch.com/
