Is there a point when investors will turn off the spigots for giant unicorn funding rounds? If so, we haven’t reached that threshold yet. Here, we break down the leading locations for new and existing unicorns, top sectors for investment capital, exits and a few other trends affecting the space. Read More
Bustle is raising roughly $30 million to go on a shopping spree
Bustle, the everything blog for millennial women, is hustling to close on around $30 million in new funding as it goes on the prowl for new acquisitions. It’s a significant cash infusion for a company that has created a mini, millennial-focused media empire that reaches nearly 80 million unique monthly visitors across its sites. Read More
500 Startups-backed Tamatem raises $2.5M to localise games for Arabic-speaking market
Tamatem, a startup backed by 500 Startups that creates localised versions of popular games so that they resonate better with users in Arabic speaking countries, has picked up $2.5 million in Series A funding. The round is led by Wamda Capital, with participation from Discovery Nusantara Capital, Raed Ventures, Vision Venture Capital, and Seed Equity Venture Partners. Read More
German API integration startup CloudRail announces $672K seed investment
Just about every startup has aspirations to be a platform play. One of the main issues companies typically face on that journey is that just because they build an API doesn’t mean developers are going to adopt it. German API startup CloudRail wants to help. It not only provides a set of tools to simplify implementing your API, but also offers a marketplace and a community of developers… Read More
Nuro’s self-driving vehicle is a grocery-getter and errand-runner
Not every self-driving car has to be able to move passengers from point A to point B. Take, for example, Nuro: The startup just revealed their unique autonomous vehicle platform, which is more of a mobile small logistics platform than a self-driving car.
The company, which has been working away in stealth mode in Mountain View until now, has raised a $92 million Series A round led by Banyan… Read More
The company, which has been working away in stealth mode in Mountain View until now, has raised a $92 million Series A round led by Banyan… Read More
NEA leads $21m round for Drop, a rewards app for millennials
Everyone loves free stuff, apparently including VC investors. Toronto-based Drop, whose app allows consumers to collect points for transactions they make and then receive reward offers, has secured a $21 million Series A round led by Rick Yang at NEA. The company has previously raised about $5 million in seed capital over the past year. Drop’s concept is simple. Unlike traditional… Read More
Relx acquires ThreatMetrix for $817M to ramp up in risk-based authentication
Another startup in the area of cyber security has been snapped up as platform businesses serving enterprises look for more ways of securing their own networks and working with customers to secure theirs. Today, the RELX Group (formerly known as Reed Elsevier) announced that it would acquire ThreatMetrix for £580 million (about $817 million) in cash. This is a big exit for ThreatMetrix, which… Read More
These startup exits delivered the biggest bang for the buck
Big IPOs by the best-known brands tend to dominate attention in startup circles. But when it comes to delivering significant returns on invested capital, it’s often lower-profile companies that come out on top. We look at some of the top-returning large exits, first for tech and Internet companies, and then for life sciences. Read More
Heetch raises another $20 million to compete head-to-head with Uber in Europe
French startup Heetch has an ambitious goal. The company wants to become the second ride-sharing service in France and in the other European countries where it operates. The startup just raised $20 million from Félix Capital, Via ID, Alven Capital, Idinvest Partners and InnovAllianz. This is the same funding round as last year’s $12 million round, but new investors joined the round.… Read More
YouCaring acquires Generosity.com as Indiegogo pulls out of personal causes fundraising
Some consolidation is underway in the world of crowdfunding and online fundraising: YouCaring — which competes with GoFundMe and others in the area of sourcing fundraising for compassionate and charitable causes — is buying Generosity.com from crowdfunding giant Indiegogo (which originally launched as Indiegogo Life). The latter is using the divestment to further hone its focus… Read More