Baidu and electric vehicle startup NIO lead $195M investment in Chinese limo booking app
Chinese internet giant Baidu is continuing its push into the automotive space after it led a RMB 1.3 billion ($195 million) Series B investment in Shouqi Limousine & Chauffeur, an offshoot of the state-owned Shouqi Group which was Beijing’s first licensed ride-hailing app. NIO Capital, the investment arm of billion-dollar electric car startup NIO, and Silk Road Huachuang joined… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/0MjE_kvMRGE/
Japanese pawn shop app Cash acquired for $62.2M by DMM
DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance using it as collateral. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/RmNl8a0AR4A/
Scalyr scores $20M Series A for super-fast log reading tool
In a time where every startup seems to be using machine learning to sift through massive amounts of data, Scalyr is a cloud-based service that is taking a different approach. It has built a tool the founder claims can sort through massive amounts of log data at lightning speed when compared to conventional logging tools — and it doesn’t require machine learning to make it… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/A54Ug1k-pOM/
Monzo’s latest round included £11M in secondary as founding employees partly cash in
Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further £71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of £280 million. However, what wasn’t reported at the time was that the round included £11 million in secondary investment, meaning that only £60 million entered the company’s balance sheet and… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/habNhLJEy5g/
What is an IPO pop and why do VCs hate it so much?
Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/hEcinGGhd9A/
Tech In Asia raises $6.6M led by Korean conglomerate Hanwha
Tech In Asia, the Singapore-based media and events startup, has closed $6.6 million in fresh funding. The lead investor is a name that may not be too familiar to regular readers (yet) and that’s Hanwha Investment and Securities. The fund is an affiliate of Hanwha, a Korean conglomerate which started out in explosives in 1952 but has since expanded into a range of verticals including (now)… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/kKJS0dLQ5HQ/
Southeast Asia’s aCommerce lands $65M led by KKR-backed Emerald Media
Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR.
The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/My0Okl6VKSA/
Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push
Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across 224… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/vrCAJzCAlNI/
Zego picks up £6M Series A led by Balderton for its gig economy worker insurance
Zego, the London-based startup that appears to have spotted a gaping insurance hole in the so-called gig economy, has raised £6 million in Series A funding. The round was led by Balderton Capital, with participation from existing backers, including LocalGlobe and unnamed angel investors in the insurance sector. The company plans to use the new capital to increase engineering and other… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/njAJudSqd5o/
Code2040 raises $5.6 million from The Knight Foundation and others
Code2040, founded by Laura Weidman Powers and Tristan Walker, recently raised $5.6 million to advance its diversity and inclusion efforts in technology. The latest funding comes from The Knight Foundation, The Sara and Evan Williams Foundation and others, and brings Code2040’s total funding raised to more than $7 million.
Code2040’s Fellows program, which first launched in 2012… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/H2ZPaCifZD4/
Identity solutions business SailPoint up 8% following IPO
SailPoint, the enterprise identity solutions business, went up 9 percent in its debut on the New York Stock Exchange Friday. The company raised $240 million; after pricing its shares at $12, it saw them rise to $13.11 on its first day of trading. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/1W2Y3-VsDCE/
Stitch Fix up just 1% on first day of trading, after reducing size of IPO
Stitch Fix went up just 1 percent on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. The company didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO from 10 million shares to… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/TGE74f_Aqoo/
Media startup Axios raises another $20 million
There’s a glimpse of hope in new media as Axios just raised $20 million less than a year after its launch, the Wall Street Journal reported. The company already had a pretty big list of investors, and most of the startup’s existing investors are putting more money into Axios. Existing investors Greycroft Partners and Lerer Hippeau Ventures are co-leading today’s founding… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_fScyiHAVaQ/
Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M
The food-delivery-on-demand space continues to heat up in Europe. Today, Deliveroo, the London-based startup that at the end of September announced a Series F of $385 million at a valuation of over $2 billion, today announced it is adding another $98 million into the round, led by T. Rowe Price Associates and Fidelity Management & Research Company. The brings the total amount in the round… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/VOQMFcprMnA/
Stitch Fix gets a pop in its public trading debut
Stitch Fix revised where it would price its IPO lower last night ahead of trading, and it looks like it helped approach the right sweet spot as a result when it made its debut today. The company saw around a 15% pop in its stock when it began trading this morning — the benchmark companies tend to look to hit when they go public is around 20% — and fell around the lower bounds of… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/lxKY1R7RNPg/
Spotify acquires online music studio Soundtrap as it goes after creators
Spotify has made another acquisition as it continues to build out the services it offers to artists beyond basic streaming. It has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The three year-old company, based in Stockholm, is the maker of a freemium (paid and free) cloud-based, collaborative music and podcast recording studio that… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/aAAMS32nU6A/
Stitch Fix set to raise $120M from downsized IPO
There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch Fix stands to raise $120 million after it announced a lower than expected $15 share price and a reduced number of shares on offer. That price comes… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/4lGHJ4qJ41w/
Airbnb acquires ad tech startup AdBasis
It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for ad testing and… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/8Xb6ovzL4yw/
Trocafone raises $15 million to expand its used electronics marketplace in emerging markets
Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets. The company, which raised $7 million in a previous round of financing last year, said the new money came from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado Libre Fund and other undisclosed investors.… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/ILSMBSJ6Ec0/
Tencent reportedly invests $150M in cinema ticketing startup Maoyan
Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/CmPWIkpjNcM/ Source: https://techcrunch.com/
