Fandango is acquiring rival online ticketer MovieTickets.com

 A consolidation in the advance movie ticketing space is happening today, with Fandango’s announcement that it’s acquiring rival MovieTickets.com for an undisclosed sum. The deal, which is expected to close before year-end, will help Fandango expand its international footprint, particularly in Latin America, as well as bring new cinemas to its ticketing platform. Read More

Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India

 While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4 million Series A led… Read More

Music rights collection startup Kobalt adds another $14M at $789M valuation, Bill Maris joins board

 When he was still at Google Ventures, Bill Maris led a round of funding into music royalty collecting startup Kobalt, to make one of the VC arms bigger bets in the world of digital music. Now that he’s moved on to start another firm, he’s taking a step to re-up his interests in the company. Today, Kobalt announced that Maris’ Section 32 has invested $14 million into Kobalt,… Read More

MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

 MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. Read More

Used car buying site Carspring goes quiet after Rocket Internet pulls investment

 Carspring, the London and Berlin-based startup that makes it easy to buy a used car, has gone quiet, amid reports that its recent £5 million in Series B funding fell through. According to sources, Rocket Internet has pulled its investment in the company, which it co-founded with ex-McKinsey management consultants Peter Baumgart and Maximilian Vollenbroich. Read More

Cruise acquires Strobe to help dramatically reduce LiDAR costs

 Cruise, the self-driving car startup GM acquired last year, has acquired a startup of its own – Strobe, a LiDAR sensor maker that reduces an entire LiDAR array down to just one chip, which Cruise says will be instrumental in helping it reduce the cost of LiDAR on a per vehicle basis by nearly 100 percent. The cost issue is a big one: LiDAR remains one of the single most expensive… Read More

Should VCs be investing in beauty brands?

 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

Digital wealth manager Moneyfarm acquires tech behind fintech chatbot Ernest

 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

Cardiologs raises $6.4M to bring image recognition to EKG analysis

 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