SoftBank’s massive Vision Fund raises $93 billion in its first close

 SoftBank’s huge $100 billion investment fund — the largest tech fund in history — announced its first close today… and it’s huge. The Japanese telecom giant revealed that its VisionFund has closed an initial commitment of $93 billion from a bevy of high profile backers. They include Apple, Qualcomm, UAE-based Mubadala Investment Company, Saudi Arabia’s… Read More

Away nears 100K stylish suitcases sold as it raises $20M

 What do people actually want in luggage? A phone charger, unbreakable exterior, and maximum packing space at a resonable price is what Away discovered. So it built a line of sleek but expansive polycarbonite suitcases equipped with battery packs, and sold them direct-to-consumer. Now after selling nearly 100,000 suitcases and generating $20 million in revenue, Away has raised a $20 million… Read More

Spotify buys AI startup Niland to develop its music personalization and recommendations

 Spotify has made its fourth acquisition of the year after it announced that AI startup Niland has joined its ranks. Paris-based Niland offered an API-based product focused on providing more accurate search and recommendation options for music. Spotify said the French company will join its R&D team which is based in New York to help hone its personalization and recommendation features… Read More

The Farmer’s Dog, a customized pet food subscription service, scoops up $8.1 million

 The Farmer’s Dog wants to fill the bowls of canines everywhere with fresh food made especially for them. Based in New York City, the startup plans to expand its dog food delivery service after closing a $8.1 million Series A round led by Shasta Ventures. Returning investors Forerunner Ventures, Collaborative Fund, and SV Angel also participated. Read More

Hong Kong’s Qupital raises $2M led by Alibaba to finance invoice loans for SMES

 Qupital, a one-year-old Hong Kong-based startup that addresses cash flow issues for SMEs, has closed a $2 million seed funding round. The is certainly a notable size for an early stage investment in Hong Kong’s nascent but growing startup scene. The financing was led by Hong Kong-London firm MindWorks Ventures and the $130 million Alibaba Entrepreneurs Fund which launched in 2015.… Read More

Here’s how likely your startup is to get acquired at any stage

 Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. But it’s not enough to just ask what the survival rate of companies is from round to round. Read More

CrowdStrike, the firm investigating Russian hacks, raised $100M at a $1B valuation

 The business of hacking has dealt a huge blow to our democracy, not to mention a plethora of organizations and individuals, and our collective sense of sanity. One silver lining, however, has been that it has led to the emergence of a number of security startups that are building and deploying a range of tools to try to track and stop the nefarious activity. One of the bigger of… Read More