In the last two years, Unilever acquired Carver Korea for $2.7 billion. Estee Lauder purchased Too Faced Cosmetics for $1.45 billion. CVC Capital Brands bought PDC Brands for $1.43 billion. L’Oreal purchased a trio of skincare brands for $1.3 billion, and also IT Cosmetics for $1.2 billion. E.l.f. Beauty did an IPO.
Venture capitalists didn’t invest in any of these beauty… Read More
Las Vegas-based data center operator Switch went public on the New York Stock Exchange today, under the ticker “SWCH.”
After pricing its IPO above the proposed range at $17, the company closed at $20.73, up almost 22 percent. The company raised $531 million in its offering. Read More
Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Read More
You’ll find image recognition technology in almost every kind of consumer service you would use today — like Facebook, Google, or any number of other apps — but Yann Fleureau is hoping that he can build a whole business off of its increasing success in healthcare.
Fleureau hopes that his startup, Cardiologs, can use image recognition to analyze an EKG and detect potential… Read More
Bluecore, the automated marketing platform for ecommerce brands, has today announced the close of a $35 million Series C round of funding. Norwest Venture Partners led the round, with participation from existing investors including Georgian Partners, FirstMark Capital, and Felicis Ventures. As part of the deal, NVP’s Scott Beechuk will join the board of directors at Bluecore. When… Read More
Recursion, a drug discovery startup out of Salt Lake City, Utah has announced a $60 million Series B round, led by Data Collective (DCVC). Recursion started out in 2014 on a mission to identify 100 new treatments in 10 years. That’s a lofty goal, considering the discovery for just one drug can traditionally take decades and tens of millions of dollars, with a high rate of failure… Read More
In an industry that tends to concentrate its startup energy in Silicon Valley, Kryon defies convention. The robotics process automation (RPA) startup has its US headquarters in New Jersey. The location didn’t matter when it came to getting investment capital as the company announced a $12 million Series B today. The round was led by Aquiline Technology Growth (ATG) and Vertex Ventures.… Read More