Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $13 per share, the company raised $585 million. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4%. Beijing-based Sogou aims to be a Google for China. While it’s a… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/CdsIUsuS9CY/
Bolt Threads is raising $106 million from Foundation Capital and Formation 8
Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in Series D financing. Bolt Threads has been on a meteoric rise since it first told TC about its ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/2YZDUjCHeYU/
Alphabet and Goldman Sachs are suing adtech startup Outcome Health for alleged fraud
Investors are suing Outcome Health, a startup selling ad space on screens in doctors’ offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/f7u6ZFdmKYE/
Thrive Capital leads healthtech startup Welkin Health’s $8 million Series A
Digital patient relationship platform Welkin Health has landed $8 million in Series A financing, led by Josh Kushner’s Thrive Capital. This now brings the total in the VC piggy bank to $12 million for the company. Welkin launched in 2013 as a digital monitoring system for diabetics. It joined Rock Health in 2014 to create a disease management platform with robotic coaching tools. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/5t4qQMCRPWc/
Apple has acquired imaging sensor startup InVisage Technologies
As Apple continues to work on ever-smaller but more powerful computing devices, it has acquired a startup focusing on nanotechnology, and specifically as it relates to image sensors. TechCrunch has learned and confirmed that Apple has picked up InVisage Technologies, a startup that develops solutions to improve imaging capabilities on space-constrained devices, like smartphones.
An Apple… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/DppruQVziE4/
Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse
WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepeneurs Fund, the World Bank’s International Finance Corporation (IFC) and Credit Suisse,… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/kdveloHYi3k/
Skyscanner buys Twizoo to add social content shout-outs to travel reviews
Travel metasearch giant Skyscanner has acquired Twizoo, a small London-based startup which makes a platform for brands to automate injecting relevant social content across their digital footprint. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/flRB5f8RybE/
Natural Cycles gets $30M for its EU-certified “digital contraception”
European startup Natural Cycles is pushing to establish its EU-certified “digital contraceptive app” as a globally accepted contraception option — and compete with tried and tested options used by millions of couples worldwide. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/fAnw30XP5l0/
Goldman Sachs leads $10 million round for data structuring startup Crux Informatics
Every financial services firm has a team of data scientists that take all the information that comes in and structure it in a way that the rocket scientists and genius mathematicians can turn into something useful. It’s a difficult job that only a select few can handle. Those select few have now launched Crux Informatics to take over the data processing that big banks need done. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/QIumIaAQ0XE/
User-generated content marketing platform Yotpo closes $51M Series D round
Yotpo, a platform that lets companies gather content from their customers in the form of reviews, Q&As, photos and videos, mainly for use in marketing, has closed $51 million in Series D funding. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/yEhUrYqQb_Q/
China Literature makes stellar public debut following $1B Hong Kong IPO
China Literature, the e-publishing business backed by Tencent, enjoyed an impressive debut as public company with its share price rising as high double during its first day on the Hong Kong Stock Exchange. The business raised over $1 billion from the listing which saw it spin out from Tencent. The listing price was set to HK$55 and the share valued reached HK$110 in early trading, going on… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/HuMQzbBuv4s/
Real estate startup Compass nabs $100M at a $1.8B valuation
Today, the real-estate startup Compass is announcing that it has raised another $100 million — money that it plans to use to expand its sales and rental listings service to every major city in the U.S., as well as build new CRM technology to integrate client, listings and transactions data. The Series E values the company at a whopping $1.8 billion. Compass had over $100 million in the… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/EkwQ0bFDWL0/
Smart trucking startup CargoX raises $20M
CargoX announced today that it has raised $20 million in Series C funding led by Goldman Sachs. The startup is currently focused on the Brazilian market, where it connects businesses that need to ship something with drivers who have excess capacity in their trucks. The goal is to help truckers make more money while reducing shipping costs for businesses. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/lFmzBY1MxeU/
Intersection raises $150 million for the global expansion of its free Wi-Fi
As it looks to expand the global footprint of its internet-enabled digital advertising and informational kiosks, New York-based Intersection has raised $150 million in a new round of financing. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/7LQTQ9puV0U/
MyMusicTaste, which allows fans to request live events, gets $11M Series C
MyMusicTaste, a Seoul-headquartered service that lets fans campaign to bring their favorite artists to their city, plans to double the concerts it organizes next year after raising an $11 million Series C. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ZkUzqiaagbg/
Airbnb management service Hostmaker scores $15M Series B funding
Airbnb continues to be an ecosystem in its own right, with a number of startups building a business by making the lives of hosts easier and potentially more lucrative. One such company is London-based Hostmaker, an upmarket Airbnb management service, which today is announcing $15 million in Series B funding. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/gvZlmEsrQ0A/
Tencent’s online publishing arm set to raise $1B in Hong Kong IPO
Tencent’s China Literature, an Amazon-like e-book business, is continuing the trend of Asian tech IPOs after it announced its public listing in Hong Kong will raise $1.06 billion on Wednesday. The company set the price for its 151,371,800 share offering at HK$55, the top end of its range, and it could sell an additional 22.7 million through a greenshoe option with underwriters. The… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/oU1p5ajFjaE/
ShopBack raises $25M for its cash back shopping service in Southeast Asia
One of Southeast Asia’s lesser-known startups has come out from under the radar today after ShopBack, a cash back-focused e-commerce service, announced it has raised $25 million. Founded in 2014, the Singapore-based startup helps users shop ‘smarter’ using a selection of curated deals and cash back offers through partner merchants across six countries in Southeast Asia… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/sl1K50MlGPc/
Mojiworks raises £2.1M Series A to build games for Facebook Messenger
Mojiworks, the U.K. startup building games for messaging apps, has raised £2.1 million in Series A funding. The round is led by Balderton Capital, with participation from previous backers Lifeline Ventures and Sunstone Capital, and will be used by the company to increase headcount as it double-downs on developing multiple titles for Facebook Messenger. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/yk9WbsYQzX4/
Microsoft acqui-hires cinemagraphic photo app Swng
Computer vision and clever imaging technology remain hot areas in consumer and enterprise apps, and today Microsoft is picking up talent and tech from a startup called Swng Technologies to give it some IP and talent in this department. Swng announced the news itself, and Microsoft’s VP heading up Skype, Amritansh Raghav, also made a little announcement, too. The amazing folks at… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/5ea6XjEQYRM/ Source: https://techcrunch.com/
