One more regional on-demand transport startup is raising a big round of funding to fortify itself for the next phase of competition against the likes of Uber and incumbent taxi firms. Cabify, the ride-sharing startup that operates in Latin America, Spain and Portugal, has raised just under $100 million in new funding ($99,999,994 to be exact), according to a Form D SEC filing for Maxi… Read More
Home cleaning space hasn’t quite dried up yet as Nordic startup Freska raises €2M
Nordic home cleaning startup Freska, which is headquartered in Finland but also operates in Norway, has picked up a modest €2 million in new funding. Read More
Signal Sciences lands $15 m investment to help secure DevOps world
Signal Sciences, a venture backed startup that wants to help companies secure their web apps in a modern DevOps context, announced a $15 million round today led by CRV with participation from Harrison Medal, Index Ventures and OATV. The company founders started at Etsy, which helped pioneer the DevOps idea, and while they were there, they found that securing a product that was changing… Read More
StarLeaf takes $40M to keep growing its videoconferencing as a service business
UK teleconference company StarLeaf, which sells cloud-based video and conferencing services to businesses, has taken on its first external capital almost ten years after being founded, back in 2008. The $40 million round is co-led by Highland Europe and Grafton Capital. Read More
RedLock emerges from stealth to protect customers from faulty cloud configurations
The major cloud infrastructure vendors know a thing or two about securing their platforms, but they still can’t protect their customers against user configuration error. That’s where RedLock, a startup emerging from stealth today comes in. It can warn you or fix a user error that could expose your data. Clearly, the cloud vendor has primary responsibility to ensure that the… Read More
Online review startup Podium has raised a fat new $32 million round from Accel and GV
Podium, a Utah-based enterprise software company specializing in customer review management has pulled in an over-subscribed $32 million Series A round, led by Accel Partners. Several sources close to the matter told us about this round, which we wrote about yesterday in an article about Utah-based Peak Ventures. However, Podium has now confirmed the numbers to TechCrunch. We were previously… Read More
Media Prima buys Rev Asia for $24M to create Malaysia’s largest digital media platform
The U.S. isn’t the only market where media companies are consolidating to offer an advertising platform to rival Facebook and Google.
While AOL (which owns TechCrunch) is in the process of acquiring Yahoo, over in Malaysia a similar consolidation was announced this week — although not quite on the scale of AOL-Yahoo (Oath?!) and its $4.48 billion price tag. Media Prima, a… Read More
Prepared food distribution service Power Supply rebrands as Territory and raises $6.7 million
If you thought the world didn’t need another prepared food distribution and delivery service, apparently you’d be wrong, as the newly minted startup Territory has managed to pull in $6.7 million for its healthier eating options. The company formerly known as Power Supply raised the money as it looks to expand to new geographies and consolidate its position in its current markets. Read More
Grammarly raises $110 million for a better spell check
Some people really need help with grammar. By the way, “a lot” is two words. “Your” and “you’re” are not the same thing. Grammarly has been quietly building a freemium grammar checker to help students, writers and people who want to make a good impression on social media or email. Now they’re raising $110 million from General… Read More
Pandora sells $150M in preferred stock to KKR to fund shift to on demand
Pandora is taking a cash infusion to maintain “a strong balance sheet” as it struggles to shift from radio to the increasingly popular on-demand streaming model. Private equity firm KKR has agreed to buy $150 million in Series A preferred Pandora shares and be paid a 7.5 percent or 8 percent quarterly dividend; KKR’s Richard Sarnoff will take a board seat. Read More