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

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

Dell Technologies Capital emerges from stealth, announces over 70 investments

 Most venture capital funds that have 27 exits under their belt are not in stealth. In fact, most venture capital firms today don’t even know what 27 exits looks like. But Dell Ventures, in stealth until today, has been steadily investing at a rate of about $100 million per year. The group certainly knows what the market is willing to buy. It’s seen nearly 37 percent of… Read More

Music royalty collector Kobalt nabs $75M led by Hearst Entertainment at $775M valuation

 As music streaming continues to grow in ubiquity, a company that’s built a platform to collect royalties on music played across billions of streams is cashing in on the opportunity. Kobalt, the European startup that has built technology and a platform to collect music royalties by tracking when even a sample of a song is played across multiple platforms, has raised another $75… Read More

Open Source database developer MariaDB picks up $27M from the EIB

 As open source database architecture continues to grow in popularity, one of the bigger developers in the area has picked up some funding in an attempt to better target the opportunity. MariaDB Corporation, the company that develops solutions and contributes to the open-source SQL fork managed by the MariaDB Foundation, today announced that it has raised €25 million ($27 million) from… Read More

Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

 Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. Read More

Will the tech acquisition spree continue?

 The year was off to a good start for technology acquisitions, according to data provided by PwC. There were 486 U.S. tech deals announced in the first quarter totaling $42.8 billion. In terms of both number of deals and value of deals, it was the best start of the year for U.S. tech M&A since 2014. There were 28% more deals than the same period last year, although the total was just 2%… Read More

Growlabs nabs $2.2M to automate outbound sales

 Just six months into its life, Growlabs, a startup using machine intelligence to support outbound sales teams, has raised a $2.2 million seed round. Founded by Ben Raffi, the creator of ticketing app Universe, Growlabs helps businesses reduce their customer acquisition costs by enabling smalls sales teams to do more with less. From his past work with Universe, Raffi knows how difficult it… Read More